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ETFs

ProShares Trust UltraShort MSCI Japan

EWV
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Nov 6, 2007
Expense Ratio
0.95%
Type
Global Ex. US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$129,495
AUM
$4,717,521
Associated Index
MSCI Japan Index
Inverse/Leveraged
Inverse (-2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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Derivatives offset
199.82%
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Net Other Assets (Liabilities)
100%
Invest with EWV
Trade EWV Options

What is EWV?

ProShares UltraShort MSCI Japan seeks daily investment results before fees and expenses that correspond to twice (200%) the inverse (opposite) of the daily performance of the MSCI Japan Index.

1M
3M
6M
YTD
1Y
3Y
Max
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EWV
Performance Measures**

for the time period Nov 8, 2007 to Dec 4, 2025

Returns

1M Trailing Return: -2.0%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: -11.0%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -98.9%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 40.1%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: -0.31

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.19

The annualized return divided by the max drawdown for the selected time period.

ETFs related toEWV

ETFs correlated to EWV include EFZ, EPV, SH

EWV
ProShares Trust - ProShares UltraShort MSCI Japan -2x Shares
EFZ
ProShares Trust - ProShares Short MSCI EAFE -1X Shares
EPV
ProShares Trust - ProShares UltraShort FTSE Europe -2X Shares
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
SPXU
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SDS
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SPDN
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SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
TZA
Direxion Shares ETF Trust - Direxion Daily Small Cap Bear 3X Shares
SRTY
ProShares Trust - ProShares UltraPro Short Russell2000 -3x Shares

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.

Trading Strategies
Related toEWV

Leveraged | TQQQ FTLT | SPY FTLT | Hedged | V1.1

Category

Leveraged tactical ETF, trend-following, mean reversion, volatility hedging, long/short, bonds, gold, dollar, risk-on/off

OOS Cumulative Return

35.81%

Super Safety 5d Max DD Sort WM74

Category

Risk-managed, Tactical rotation, Volatility hedging, Trend-following, Mean reversion, Leveraged ETFs, Multi-asset, Bonds, Commodities, US dollar, Semiconductors

OOS Cumulative Return

29.58%

Create your own algorithmic trading strategy with EWV using Composer

FAQ

EWV is a Global Ex. US Equities ETF. ProShares UltraShort MSCI Japan seeks daily investment results before fees and expenses that correspond to twice (200%) the inverse (opposite) of the daily performance of the MSCI Japan Index.

EWV tracks the MSCI Japan Index.

No, EWV 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, EWV 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 EWV is -0.0604%. This is the percent change in the value of EWV over the most recent 1-month period. The 3-month return on EWV is -0.0131%. This is the percent change in the value of EWV over the most recent 3-month period.

The standard deviation of EWV for the past year is 0.3409%. 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 EWV include EZJ, TQQQ, and SSO.

ETFs correlated to EWV include EFZ, EPV, and SH.

ETFs that are inversely correlated to EWV include EWJ, BBJP, and FLJP.

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

Yes, EWV is a Inverse (-2x) leveraged ETF: This means that EWV will try to match the performance of MSCI Japan Index, but move 2x in the opposite direction.

Disclaimers

*

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.