# EWZ Leveraged ETFs: 2x & Inverse, Compared

> 4 leveraged and inverse ETFs on EWZ: multiple, issuer, fee and net assets. Each against its stated multiple, as of Oct 27, 2026.

Data as of Oct 27, 2026. Rebuilt every trading night.

Data as of Oct 27, 2026 .

## EWZ leveraged and inverse ETFs

As of Oct 27, 2026, 4 ETFs aim to return −2x to 2x the daily move in Brazil (EWZ). 3 issuers sell them. Over three months they finished from −17.3 to −7.8 percentage points against what their stated multiples implied.

### Browse leveraged ETFs

### All 4 leveraged and inverse ETFs on EWZ

| Ticker | Fund | Issuer | 1M vs multiple | 3M vs multiple | 1Y vs multiple | Net assets | Net assets as of | Fee | Total return 1M | Total return 3M | Total return YTD | Total return 1Y | Total return 3Y | Total return since launch | Multiple |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| BRZU | Direxion Daily MSCI Brazil Bull 2X ETF | Direxion | −6.6 pts | −8.3 pts | −21.4 pts | $133m | Oct 26, 2026 | 1.32% | −20.2% | −18.1% | −0.4% | +11.8% | +21.5% | −99.3% | +2x |
| BZQ | ProShares UltraShort MSCI Brazil Capped | ProShares | −15.5 pts | −17.3 pts | −10.8 pts | $2.7m | Oct 27, 2026 | 0.95% | −1.9% | −7.5% | −34.9% | −44.0% | −63.1% | −99.8% | -2x |
| UBR | ProShares Ultra MSCI Brazil Capped | ProShares | −6.0 pts | −7.8 pts | −21.3 pts | $2.4m | Oct 27, 2026 | 0.95% | −19.6% | −17.6% | +0.2% | +11.9% | +20.5% | −90.0% | +2x |
| BRZX | Corgi Brazil 2x Daily ETF | Corgi | −6.6 pts | −9.2 pts | not available | $305,120 | Oct 27, 2026 | 0.45% | −20.2% | −19.0% | not available | not available | not available | −12.7% since Jun 2026 | +2x |

What EWZ itself did over the same days: −6.8% over one month, −4.9% over three months, +16.6% over one year.

### Questions people ask

Which 2x EWZ ETFs are there? As of Oct 27, 2026, 3 ETFs set out to return 2x the daily move in Brazil ( EWZ ): BRZU , UBR and BRZX. Which inverse EWZ ETFs are there? As of Oct 27, 2026, 1 ETF sets out to return the opposite of the daily move in Brazil ( EWZ ), at −2x: BZQ. Which EWZ leveraged ETF is largest? BRZU , Direxion Daily MSCI Brazil Bull 2X ETF, at $133m in net assets on Oct 26, 2026, the largest of the 4 on EWZ with a published size.

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, EWZ leveraged and inverse ETFs, data as of Oct 27, 2026. https://etfiq.com/leverage/ewz-leveraged-etfs
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
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