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ProShares UltraShort MSCI Japan (EWV)
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Upturn Advisory Summary
11/14/2025: EWV (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 -66.1% | Avg. Invested days 17 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta -1.52 | 52 Weeks Range 31.55 - 52.07 | Updated Date 06/30/2025 |
52 Weeks Range 31.55 - 52.07 | Updated Date 06/30/2025 |
Upturn AI SWOT
ProShares UltraShort MSCI Japan
ETF Overview
Overview
ProShares UltraShort MSCI Japan (EWV) seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the MSCI Japan Index. It offers investors a way to potentially profit from a decline in the Japanese stock market.
Reputation and Reliability
ProShares is a well-known issuer of leveraged and inverse ETFs, with a solid track record.
Management Expertise
ProShares has a dedicated team of professionals specializing in the management of leveraged and inverse ETF products.
Investment Objective
Goal
To provide daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the MSCI Japan Index.
Investment Approach and Strategy
Strategy: The ETF uses financial instruments such as swap agreements to achieve its leveraged inverse exposure.
Composition Primarily consists of swap agreements designed to provide the inverse leveraged exposure to the MSCI Japan Index.
Market Position
Market Share: EWV's market share in the inverse Japan equity ETF sector is substantial, although the sector itself is relatively niche.
Total Net Assets (AUM): 47394075
Competitors
Key Competitors
- DXJS
Competitive Landscape
The competitive landscape is limited due to the niche nature of inverse and leveraged Japan equity ETFs. EWV benefits from being an established player, offering higher leverage compared to DXJS, while DXJS offers single inverse exposure.
Financial Performance
Historical Performance: Historical performance data is dependent on the performance of the MSCI Japan Index and market conditions. Due to its leveraged and inverse nature, past performance is not indicative of future results.
Benchmark Comparison: The ETF's performance aims to be -2x the daily performance of the MSCI Japan Index, before fees and expenses. Deviations can occur due to compounding and other factors.
Expense Ratio: 0.95
Liquidity
Average Trading Volume
The average daily trading volume for EWV is around 23158 shares, indicating moderate liquidity.
Bid-Ask Spread
The typical bid-ask spread can fluctuate based on market conditions and volume but is usually between 0.1-0.3%.
Market Dynamics
Market Environment Factors
Economic conditions in Japan, global market sentiment, currency fluctuations (USD/JPY), and investor risk appetite all impact EWV's performance.
Growth Trajectory
Growth depends on sustained negative performance or expectations of negative performance in the Japanese equity market; strategy remains consistent.
Moat and Competitive Advantages
Competitive Edge
EWV's primary advantage is its -2x leverage, offering investors potentially higher returns during periods of decline in the Japanese stock market. It's an established product with reasonable liquidity in its niche market. However, its leveraged nature results in significant risk. Inverse ETFs are typically short-term tactical instruments.
Risk Analysis
Volatility
EWV is highly volatile due to its leveraged and inverse nature, and is not suitable for long-term investing.
Market Risk
Specific risks include the risk of the MSCI Japan Index increasing, leading to losses, as well as the risks associated with leveraged financial instruments such as swap agreements.
Investor Profile
Ideal Investor Profile
EWV is suited for sophisticated investors with a short-term outlook who are seeking to profit from a decline in the Japanese stock market and understand the risks associated with leveraged and inverse ETFs.
Market Risk
Best suited for active traders and not for long-term investors or passive index followers.
Summary
ProShares UltraShort MSCI Japan (EWV) offers a leveraged inverse exposure to the MSCI Japan Index and seeks to provide -2x the index's daily performance. It's designed for short-term tactical use by sophisticated investors who believe the Japanese stock market will decline. Due to its leveraged nature, it is highly volatile and carries significant risk and is not suitable for buy-and-hold strategies. The ETF's success depends on correctly predicting short-term market movements in Japan.
Similar ETFs
Sources and Disclaimers
Data Sources:
- ProShares Website
- ETF.com
- Yahoo Finance
Disclaimers:
This analysis is based on available data and is not financial advice. Investing in leveraged and inverse ETFs carries significant risk, and investors should consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
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 Japan
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is designed to measure the performance of the large and mid-cap segments of the Japanese market. 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.
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