{"url":"https://etfiq.com/compare/leverage/brzu-vs-ubr","section":"compare","title":"BRZU vs UBR: which held to its multiple? | ETFIQ","description":"BRZU sets out to return +2 times EWZ each day and UBR +2 times. Over the three months to Sep 30, 2026 they finished \u22122.1 pts and \u22122.5 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, BRZU or UBR?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, BRZU finished 2.1 points from what its multiple implies and UBR finished 2.5 points from its own, so BRZU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are BRZU and UBR levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Brazil, BRZU at +2 times and UBR at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, BRZU or UBR?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window BRZU\u2019s moved at 22% annualized and UBR\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 UBR 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 UBR?","acceptedAnswer":{"@type":"Answer","text":"BRZU charges 1.32% a year and UBR charges 0.95%, so UBR 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 UBR","item":"https://etfiq.com/compare/leverage/brzu-vs-ubr"}]},{"@type":"WebPage","name":"BRZU vs UBR: which held to its multiple?","description":"BRZU sets out to return +2 times EWZ each day and UBR +2 times. Over the three months to Sep 30, 2026 they finished \u22122.1 pts and \u22122.5 pts away.","url":"https://etfiq.com/compare/leverage/brzu-vs-ubr","dateModified":"2026-09-30","abstract":"Over the days both have traded, BRZU finished 2.1 points from its stated multiple and UBR 2.5.","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 UBR","description":"BRZU sets out to return +2 times EWZ each day and UBR +2 times. Over the three months to Sep 30, 2026 they finished \u22122.1 pts and \u22122.5 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/brzu-vs-ubr","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":6483,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / BRZU vs UBR \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n BRZU vs UBR: which held to its multiple?\n\n Over the days both have traded, BRZU finished 2.1 points from its stated multiple and UBR 2.5.\n Copy this for sharing \n \n Direxion Daily MSCI Brazil Bull 2X ETF and ProShares Ultra MSCI Brazil Capped.\n\n Download as PDF \n\n +15.8% BRZU returned, 3 months \n +15.4% UBR returned, 3 months \n \u22122.1 pts BRZU from its stated multiple \n \u22122.5 pts UBR from its stated multiple \n\n ETFIQ Decay Resistance Score: BRZU scores higher\n Did it keep up","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-ubr","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":"UBR","name":"ProShares Ultra MSCI Brazil Capped","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: UBR returned +15.4% where its own daily promise gave +17.3%, 1.9 points short.","url":"https://etfiq.com/funds/ubr","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":"+15.4%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.9 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-ubr"}