# EZJ (ProShares Ultra MSCI Japan)

ProShares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: EZJ returned +6.9% where its own daily promise gave +8.6%, 1.7 points short.

## Key facts

- EZJ, what EWJ did: +4.7%, as of Sep 30, 2026.
- EZJ, what 2 times a day gives: +8.6%, as of Sep 30, 2026.
- EZJ, what the fund returned: +6.9%, as of Sep 30, 2026.
- EZJ, the fund itself cost: −1.7 pts, as of Sep 30, 2026.
- EZJ, net assets: $12m (issuer page, as of Sep 30, 2026).
- EZJ, expense ratio: 1.18% (485BPOS XBRL, Sep 25, 2026).

## EZJ over each window to Sep 30, 2026

| Window | Fund | EWJ | +2x the move | Difference | EWJ moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +2.4% | +1.6% | +3.3% | −0.9 pts | 18% |
| 3 months | +6.9% | +4.7% | +9.5% | −2.6 pts | 21% |
| 6 months | +21.6% | +13.3% | +26.6% | −5.0 pts | 21% |
| 1 year | +44.2% | +26.8% | +53.6% | −9.4 pts | 21% |
| 3 years | +125.3% | +76.4% | +152.9% | −27.6 pts | 20% |
| Since launch | +251.0% | +228.9% | not meaningful over this window | not meaningful over this window | 18% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of EWJ, reset daily | ETFIQ |
| Multiple a holder actually got over the window | EWJ moved +4.7% over this window, too little to read a multiple from | ETFIQ |
| Underlying | EWJ | ETFIQ |
| Segment | sector or country, country | ETFIQ |
| Net assets | $12m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 1.18% | 485BPOS XBRL, Sep 25, 2026 |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 21% annualized | ETFIQ |

## Questions

### Did EZJ return +2 times EWJ?

Over the window to Sep 30, 2026, EWJ moved +4.7% and EZJ returned +6.9%. 2 times that move is +9.5%, so the fund came out 2.6 points short of it.

### Why does EZJ not return +2 times over a year?

Because it resets daily. EZJ aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, EZJ, data as of Sep 30, 2026. https://etfiq.com/funds/ezj
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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