ProShares Ultra MSCI Japan (EZJ) Performance
EZJ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +25.4% since Dec 31, 2025
- 1 year
- +28.5% total return
- 5 years
- +7.9% a year
- 10 years
- +9.0% a year
- Since first price
- +7.9% a year since 2009
EZJ trailing returns vs SPY, QQQ, AGG
| Period | EZJ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −6.0% | −6.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +4.5% | +4.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +12.3% | +11.4% | +7.8% | +8.4% | −1.5% |
| YTD | +25.4% | +23.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +28.5% | +25.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +127.6%+31.5%/yr | +114.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +46.2%+7.9%/yr | +36.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +137.3%+9.0%/yr | +111.1% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +273.5%+9.2%/yr | +232.3% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionJun 5, 2009 | +277.9%+7.9%/yr | +236.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: EZJ vs SPY
From Jun 5, 2009: EZJ grew to $37,794, SPY to $109,685.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EZJ returns by calendar year
10 of 16 full years positive. Best 2013 (+50.1%), worst 2022 (−38.2%). 2026 is year to date.
EZJ annual returns table
| Year | EZJ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +25.4% | −26.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +42.7% | −27.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +3.3% | −25.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +30.8% | −22.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −38.2% | −51.3% | −18.2% | −32.6% | −13.0% |
| 2021 | −2.0% | −21.5% | +28.7% | +27.4% | −1.8% |
| 2020 | +22.2% | −48.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +33.8% | −12.2% | +31.2% | +39.0% | +8.5% |
| 2018 | −31.0% | −43.8% | −4.6% | −0.1% | +0.1% |
| 2017 | +49.1% | −7.0% | +21.7% | +32.7% | +3.6% |
| 2016 | −0.8% | −27.6% | +12.0% | +7.1% | +2.4% |
| 2015 | +14.5% | −30.2% | +1.2% | +9.4% | +0.5% |
| 2014 | −15.3% | −21.0% | +13.5% | +19.2% | +6.0% |
| 2013 | +50.1% | −26.0% | +32.3% | +36.6% | −2.0% |
| 2012 | +15.7% | −28.6% | +16.0% | +18.1% | +3.8% |
| 2011 | −33.3% | −44.9% | +1.9% | +3.4% | +7.7% |
| 2010 | +24.8% | −27.3% | +15.1% | +19.9% | +6.4% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
EZJ largest drawdowns
Now 10.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 15, 2021 | −58.6% | Oct 20, 2022 | Oct 28, 2025 | 1.1 years | 4.1 years |
| Jan 26, 2018 | −57.6% | Mar 16, 2020 | Jan 8, 2021 | 2.1 years | 3.0 years |
| Feb 17, 2011 | −47.1% | Jun 1, 2012 | May 8, 2013 | 1.3 years | 2.2 years |
| Apr 28, 2015 | −41.4% | Feb 11, 2016 | Jun 2, 2017 | 9 months | 2.1 years |
| Apr 15, 2010 | −27.3% | Jun 7, 2010 | Dec 22, 2010 | 53 days | 8 months |
| Feb 11, 2026 | −26.8% | Mar 20, 2026 | Jun 18, 2026 | 37 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EZJ risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2009 |
|---|---|---|---|---|
| Annualized return | +31.1% | +8.2% | +9.9% | +8.3% |
| Volatility (annualized) | 24.5% | 29.9% | 27.7% | 28.4% |
| Sharpe ratio | 1.06 | 0.29 | 0.40 | 0.38 |
| Sortino ratio | 1.70 | 0.43 | 0.60 | 0.56 |
| Best month | +15.0% | +23.4% | +23.4% | +23.4% |
| Worst month | −17.8% | −18.2% | −18.2% | −21.4% |
| Best 12 months | +78.8% | +78.8% | +88.5% | +88.5% |
| Worst 12 months | −12.8% | −53.1% | −53.1% | −53.1% |
| Positive months | 67% | 58% | 60% | 57% |
| Beta vs S&P 500 | 1.21 | 1.42 | 1.35 | — |
| Correlation with S&P 500 | 0.61 | 0.74 | 0.75 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
EZJ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 197 | −53.1% | +11.5% | +88.5% | 63% |
| 3-year (a year) | 173 | −13.0% | +6.1% | +33.7% | 72% |
| 5-year (a year) | 149 | −9.3% | +6.4% | +19.2% | 83% |
| 10-year (a year) | 89 | +0.9% | +5.5% | +12.2% | 100% |
Every holding period starting at a month-end since 2009. Returns for 3 years and longer are annualized.
EZJ performance overview
ProShares Ultra MSCI Japan (EZJ) returned +28.5% over the past year and +9.0% a year over ten years, with distributions reinvested. Since its first recorded price in 2009 it has returned +7.9% a year, turning $10,000 into about $37,794. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −58.6%, from Sep 15, 2021 to Oct 20, 2022, and it took 3.0 years to get back to the old high. EZJ finished 10 of its 16 full calendar years with a gain; the best year was 2013 (+50.1%) and the worst 2022 (−38.2%). Volatility has been 28.4% a year.
Related: EZJ chart, EZJ dividends. See the EZJ overview for the latest quote and fund facts.
EZJ performance FAQ
What is the EZJ return over the past year?
EZJ returned +28.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 25.5%.
What is the average annual return of EZJ?
EZJ has returned +7.9% a year over 5 years, +9.0% a year over 10 years, +7.9% a year since June 5, 2009 (total return, distributions reinvested).
How much would $10,000 invested in EZJ be worth?
$10,000 invested in EZJ at its first recorded close on June 5, 2009 would be worth about $37,794 on October 23, 2026 with distributions reinvested.
What was the worst year for EZJ?
The worst calendar year was 2022, with a total return of −38.2%. The best was 2013 at +50.1%.
What is the biggest drawdown of EZJ?
The largest peak-to-trough decline was −58.6% between September 15, 2021 and October 20, 2022. It recovered to the old high on October 28, 2025, 3.0 years after the bottom.
How volatile is EZJ?
Over the past 3 years EZJ had an annualized volatility of 24.5% and a Sharpe ratio of 1.06 (excess return over 1–3 month T-bills per unit of risk).