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ProShares Ultra MSCI Japan(EZJ)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for EZJ
10/28/2026: EZJ (2-star) is currently NOT-A-BUY. Pass it for now.
ProShares Ultra MSCI Japan (EZJ) is a leveraged ETF designed to provide 200% of the daily performance of the MSCI Japan Index. By utilizing derivative instruments, it caters to active traders seeking short-term, magnified exposure to Japanese equities. Its primary strength lies in its ability to amplify daily market moves, though this comes with high risks, including the potential for significant loss through daily compounding and volatility. The fund is best suited for sophisticated, short-term tactical traders rather than long-term buy-and-hold investors. Those monitoring this ETF should focus on its daily tracking, expense costs, and the momentum of the Japanese equity market.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | This is a tactical trading tool rather than a long-term growth investment. |
| Momentum investor | Strong fit while signal remains positive | Active traders use this to amplify gains during clear Japanese market uptrends. |
| Value investor | Weak fit | Leveraged daily resets are not designed for value-based, long-term buy-and-hold strategies. |
| Dividend/Income investor | Weak fit | The fund does not focus on income generation and may incur costs that drag on long-term performance. |
| Low-risk investor | Weak fit | The 2x daily leverage inherently involves high risk and potential for significant capital loss. |
Investor Profile
Ideal Investor Profile
Sophisticated active traders who understand the mechanics and risks of daily-reset leveraged products and have a short-term time horizon.
Suitability
EZJ is generally not suitable for long-term investors or those seeking passive index exposure due to the compounding risks inherent in leveraged ETFs.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Daily compounding of 2x returns can lead to significant erosion during volatile markets. |
| Market risk | High | Exposure to the Japanese equity market carries inherent economic and geopolitical risks. |
| Concentration | Medium / high | The fund is concentrated entirely on one country's equity market. |
| Tracking/expense | High | The daily reset mechanism ensures the fund will not track the long-term performance of the benchmark. |
| Liquidity | Medium | Lower trading volume compared to primary market ETFs can result in higher transaction costs. |
| Business/sector quality | Medium | The fund's performance depends on the effectiveness of derivatives and swap counterparties. |
Risk Analysis
Volatility
EZJ exhibits extremely high volatility due to its 2x daily leverage target and the inherent risks of compounding.
Market Risk
The fund is directly exposed to systemic risks within the Japanese economy, including interest rate changes, currency risk, and corporate performance.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Geography | MSCI Japan Index (seeks 2x daily return) | 95 | The fund uses derivatives to capture twice the daily move of a broad basket of Japanese equities. |
| Cash/collateral | Cash and Cash Equivalents | 5 | Short-term assets held to collateralize swap agreements and manage liquidity needs. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type ETF | Historic Profit -28.02% | Avg. Invested days 44 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/28/2026 |
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