{"url":"https://etfiq.com/compare/leverage/brzu-vs-bzq","section":"compare","title":"BRZU vs BZQ: which held to its multiple? | ETFIQ","description":"BRZU sets out to return +2 times EWZ each day and BZQ -2 times. Over the three months to Sep 30, 2026 they finished \u22122.1 pts and +0.2 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, BRZU or BZQ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, BRZU finished 2.1 points from what its multiple implies and BZQ finished 0.2 points from its own, so BZQ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are BRZU and BZQ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Brazil, BRZU at +2 times and BZQ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, BRZU or BZQ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window BRZU\u2019s moved at 22% annualized and BZQ\u2019s at 22%, so BRZU has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold BRZU or BZQ for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, BRZU or BZQ?","acceptedAnswer":{"@type":"Answer","text":"BRZU charges 1.32% a year and BZQ charges 0.95%, so BZQ is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"BRZU vs BZQ","item":"https://etfiq.com/compare/leverage/brzu-vs-bzq"}]},{"@type":"WebPage","name":"BRZU vs BZQ: which held to its multiple?","description":"BRZU sets out to return +2 times EWZ each day and BZQ -2 times. Over the three months to Sep 30, 2026 they finished \u22122.1 pts and +0.2 pts away.","url":"https://etfiq.com/compare/leverage/brzu-vs-bzq","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, BRZU finished 1.4 points short and BZQ 1.3 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of BRZU and BZQ","description":"BRZU sets out to return +2 times EWZ each day and BZQ -2 times. Over the three months to Sep 30, 2026 they finished \u22122.1 pts and +0.2 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/brzu-vs-bzq","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7036,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / BRZU vs BZQ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n BRZU vs BZQ: which held to its multiple?\n\n Over three months against its own daily promise, BRZU finished 1.4 points short and BZQ 1.3 points over.\n Copy this for sharing \n \n Direxion Daily MSCI Brazil Bull 2X ETF and ProShares UltraShort MSCI Brazil Capped.\n\n Download as PDF \n\n +15.8% BRZU returned, 3 months \n \u221217.7% BZQ returned, 3 months \n \u22122.1 pts BRZU from its stated multiple \n +0.2 pts BZQ from its stated multiple \n\n ETFIQ Decay Resistance Score: BRZU scores higher\n","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/brzu-vs-bzq","a":{"ticker":"BRZU","name":"Direxion Daily MSCI Brazil Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: BRZU returned +15.8% where its own daily promise gave +17.3%, 1.4 points short.","url":"https://etfiq.com/funds/brzu","key_facts":[{"label":"What EWZ did","value":"+9.0%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+17.3%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+15.8%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$117m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.32%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"b":{"ticker":"BZQ","name":"ProShares UltraShort MSCI Brazil Capped","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: BZQ returned \u221217.7% where its own daily promise gave \u221219.0%, 1.3 points over.","url":"https://etfiq.com/funds/bzq","key_facts":[{"label":"What EWZ did","value":"+9.0%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221219.0%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221217.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$3m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/brzu-vs-bzq"}