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ProShares UltraShort MSCI Brazil Capped (BZQ)
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Upturn Advisory Summary
11/03/2025: BZQ (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -36.9% | Avg. Invested days 26 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/03/2025 |
Key Highlights
Volume (30-day avg) - | Beta -1.61 | 52 Weeks Range 10.93 - 19.33 | Updated Date 06/29/2025 |
52 Weeks Range 10.93 - 19.33 | Updated Date 06/29/2025 |
Upturn AI SWOT
ProShares UltraShort MSCI Brazil Capped
ETF Overview
Overview
ProShares UltraShort MSCI Brazil Capped (BZQ) seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the MSCI Brazil 25/50 Index. It provides leveraged inverse exposure to Brazilian equities.
Reputation and Reliability
ProShares is a well-known issuer specializing in leveraged and inverse ETFs, with a generally reliable track record.
Management Expertise
ProShares has extensive experience in managing leveraged and inverse ETFs across various asset classes and markets.
Investment Objective
Goal
To seek daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the MSCI Brazil 25/50 Index.
Investment Approach and Strategy
Strategy: The ETF uses derivatives and other instruments to achieve its leveraged inverse exposure to the MSCI Brazil 25/50 Index.
Composition The ETF does not directly hold stocks. It uses derivatives, primarily swap agreements, to gain inverse leveraged exposure.
Market Position
Market Share: BZQ holds a niche market share due to its specific leveraged inverse strategy focused on Brazil.
Total Net Assets (AUM): 12940000
Competitors
Key Competitors
- Direxion Daily Emerging Markets Bear 3X Shares (EDZ)
Competitive Landscape
The competitive landscape involves other leveraged and inverse ETFs focused on emerging markets. BZQ offers a specific focus on Brazil, which can be an advantage for investors with that view, but it is not ideal for long-term investors.
Financial Performance
Historical Performance: Due to its leveraged and inverse nature, historical performance is highly dependent on the daily movements of the MSCI Brazil 25/50 Index. Past performance is not indicative of future results.
Benchmark Comparison: The ETF aims to deliver -2x the daily performance of the MSCI Brazil 25/50 Index, but tracking error and compounding effects can cause deviations.
Expense Ratio: 0.95
Liquidity
Average Trading Volume
The ETF's average trading volume is moderate, which can impact the ease of entering and exiting positions.
Bid-Ask Spread
The bid-ask spread can be relatively wide due to the ETF's leveraged nature and lower trading volume, increasing trading costs.
Market Dynamics
Market Environment Factors
Brazilian economic conditions, global risk sentiment, and currency fluctuations significantly impact the ETF's performance.
Growth Trajectory
The ETF's growth trajectory is dependent on investor demand for leveraged inverse exposure to Brazilian equities. There are no changes to strategy and holdings that are publicly visible.
Moat and Competitive Advantages
Competitive Edge
BZQ's competitive advantage lies in its targeted leveraged inverse exposure to the Brazilian equity market, allowing investors to express a short-term bearish view or hedge existing positions. However, leveraged and inverse ETFs are more appropriate for investors who actively monitor positions and are able to manage risks. The risks of using this investment strategy can become more pronounced over longer periods. ProShares' expertise in managing leveraged and inverse ETFs provides an operational advantage.
Risk Analysis
Volatility
BZQ exhibits high volatility due to its leveraged and inverse nature, making it unsuitable for risk-averse investors.
Market Risk
The ETF is exposed to market risk specific to the Brazilian equity market, as well as counterparty risk associated with the derivatives it uses.
Investor Profile
Ideal Investor Profile
Active traders and sophisticated investors seeking short-term, leveraged inverse exposure to the Brazilian equity market.
Market Risk
BZQ is best suited for active traders with a short-term outlook and a high risk tolerance. It is not suitable for long-term investors.
Summary
ProShares UltraShort MSCI Brazil Capped (BZQ) is a leveraged inverse ETF designed for active traders seeking short-term exposure to the Brazilian equity market. It aims to provide -2x the daily performance of the MSCI Brazil 25/50 Index using derivatives. The ETF is inherently risky due to its leveraged nature and should only be used by sophisticated investors with a high risk tolerance. Its performance is highly dependent on the daily movements of the underlying index.
Similar ETFs
Sources and Disclaimers
Data Sources:
- ProShares Website
- ETF.com
- Yahoo Finance
Disclaimers:
The data provided is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Leveraged and inverse ETFs are inherently risky and may not be suitable for all investors.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ProShares UltraShort MSCI Brazil Capped
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The index is designed to measure the performance of the large and mid cap segments of the Brazilian market. It covers approximately 85% of the market capitalization in Brazil. Under normal circumstances, the fund will obtain inverse leveraged exposure to at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.