Key stats
About ProShares UltraShort MSCI Brazil Capped
Home page
Inception date
Jun 16, 2009
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
BZQ is a -2x play on the MSCI Brazil 25/50 Indexa market-cap-weighted index of Brazilian large- and midcap stocks, which covers the vast majority of the market capitalization in Brazil. That makes it a bet against the financial sector in particular, which accounts for a large portion of the Brazilian equity market. The fund rebalances its leverage on daily basis, and is directly affected by issues of path dependency and compounding. As a result, its long-term returns are difficult to predict when compared with its underlying index. While its holding costs are reasonable for a levered product, the real concern for an intraday tool like this is trading costs. BZQ is good but not great for traders, despite the popularity of the space: daily volume is deep, but spreads still tend to be significant.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Government
Bonds, Cash & Other100.00%
Cash69.96%
Government30.04%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BZQ last dividends amounted to 0.10 USD. The quarter before, the issuer paid 0.24 USD in dividends, which shows a 134.76% decrease.
BZQ assets under management is 10.05 M USD. It's fallen 8.79% over the last month.
BZQ fund flows account for 1.43 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, BZQ pays dividends to its holders with the dividend yield of 5.44%. The last dividend (Apr 1, 2025) amounted to 0.10 USD. The dividends are paid quarterly.
BZQ shares are issued by ProShare Advisors LLC under the brand ProShares. The ETF was launched on Jun 16, 2009, and its management style is Passive.
BZQ expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
BZQ follows the MSCI Brazil 25-50. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BZQ invests in cash.
BZQ price has fallen by −8.98% over the last month, and its yearly performance shows a −11.71% decrease. See more dynamics on BZQ price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −7.34% over the last month, showed a −22.48% decrease in three-month performance and has decreased by −11.92% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −7.34% over the last month, showed a −22.48% decrease in three-month performance and has decreased by −11.92% in a year.
BZQ trades at a premium (0.18%) meaning the ETF is trading at a higher price than the calculated NAV.