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ETFs

ProShares UltraShort MSCI Brazil Capped

BZQ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 16 2009
Expense Ratio
0.95%
Type
Global Ex. US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$225,069
AUM
$9,503,532
Associated Index
MSCI Brazil 25/50 Index
Inverse/Leveraged
Inverse (-2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Derivatives offset
199.22%
n/a
Net Other Assets (Liabilities)
100.00%
Invest with BZQ

What is BZQ?

ProShares UltraShort MSCI Brazil Capped seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the MSCI Brazil 25/50 Index. The MSCI Brazil 25/50 Index is a free-float-adjusted, market capitalization weighted index that is designed to measure the equity market performance of the Brazilian market. The Index is divided into large- and mid-cap segments and targets approximately 85% of free-float-adjusted market capitalization of the region.

ETFs related toBZQ

ETFs correlated to BZQ include EDZ, ERY, OILD

BZQ
ProShares Trust - ProShares UltraShort MSCI Brazil Capped ETF -2x Shares
EDZ
Direxion Shares ETF Trust - Direxion Daily MSCI Emerging Markets Bear -3x Shares
ERY
Direxion Shares ETF Trust - Direxion Daily Energy Bear -2X Shares
OILD
Bank of Montreal - MicroSectors Oil & Gas Exploration & Production -3X Inverse Leveraged
DUG
ProShares Trust - ProShares UltraShort Energy
NRGD
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DRIP
Direxion Shares ETF Trust - Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares
TZA
Direxion Shares ETF Trust - Direxion Daily Small Cap Bear 3X Shares
VXX
Barclays Bank PLC - iPath? Series B S&P 500? VIX Short-Term FuturesTM ETN
ZSL
ProShares Trust - ProShares UltraShort Silver -2x Shares
VIXY
ProShares Trust - ProShares VIX Short-Term Futures ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBZQ

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with BZQ using Composer

FAQ

BZQ is a Global Ex. US Equities ETF. ProShares UltraShort MSCI Brazil Capped seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the MSCI Brazil 25/50 Index. The MSCI Brazil 25/50 Index is a free-float-adjusted, market capitalization weighted index that is designed to measure the equity market performance of the Brazilian market. The Index is divided into large- and mid-cap segments and targets approximately 85% of free-float-adjusted market capitalization of the region.

BZQ tracks the MSCI Brazil 25/50 Index.

No, BZQ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BZQ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BZQ is 0.0297%. This is the percent change in the value of BZQ over the most recent 1-month period. The 3-month return on BZQ is 0.0891%. This is the percent change in the value of BZQ over the most recent 3-month period.

The standard deviation of BZQ for the past year is 0.6445%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BZQ include UBR, SSO, and QID.

ETFs correlated to BZQ include EDZ, ERY, and OILD.

ETFs that are inversely correlated to BZQ include EWZ, BRZU, and ILF.

Yes, BZQ is a Inverse (-2x) ETF: This means that BZQ will try to match the performance of MSCI Brazil 25/50 Index, but with 2x the returns.

Yes, BZQ is a Inverse (-2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of MSCI Brazil 25/50 Index, but move 2x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.