What is the ISIN of ProShares UltraShort MSCI Japan?

The ISIN of ProShares UltraShort MSCI Japan is US74349Y7123.

What does leveraged daily exposure mean for ProShares UltraShort MSCI Japan?

ProShares UltraShort MSCI Japan aims to deliver 2 times the daily return of MSCI (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 2X the underlying's cumulative return.

What is volatility decay and how does it affect ProShares UltraShort MSCI Japan?

Volatility decay (also called compounding drag) occurs because ProShares UltraShort MSCI Japan rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 2X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.

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ProShares UltraShort MSCI Japan (EWV) Price

ProShares UltraShort MSCI Japan Price

— EUR

TER0.95 %

AUM7.92 M USD

IndexMSCI Japan

CurrencyUSD

Funds Launch11/6/2007

ProShares UltraShort MSCI Japan Price

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Underlying

MSCI

MSCI2X Short Daily

MSCI

ProShares UltraShort MSCI Japan provides 2X inversedaily exposure to MSCI.

Leverage & Compounding Risk

This ETF rebalances daily to achieve its 2X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 2X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.