EZJ vs SPY
ProShares Ultra MSCI Japan vs State Street SPDR S&P 500 ETF Trust
Which is better, EZJ or SPY?
Trading-Leveraged Equity against Large Cap Blend.
SPY has a lower expense ratio. EZJ led over 1Y and 3Y, SPY over 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EZJ | SPY |
|---|---|---|
| Expense Ratio | 1.17% | 0.09%Best |
| AUM | $14M | $804.7B |
| Dividend Yield | 1.80% | 0.98% |
| Holdings | 8 | 505 |
| YTD Return | +31.72%Best | +11.52% |
| 1Y Return | +41.15%Best | +17.48% |
| 3Y Return (annualized) | +27.16%Best | +20.62% |
| 5Y Return (annualized) | +6.08% | +12.73%Best |
| Volatility (annualized) | 28.5% | 14.4%Best |
| Max Drawdown | -59.7% | -34.1%Best |
| $10,000 over 5 years | $13,433 | $18,205Best |
| Fund Family | ProShares | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Jun 2, 2009 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 5, 2009 to Sep 10, 2026 (17.3 years).
EZJ vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 17.3 years both funds cover.
EZJ vs SPY Performance
ProShares Ultra MSCI Japan (EZJ) is an ETF from ProShares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year EZJ returned +41.15% while SPY returned +17.48%. Year to date, EZJ is up 31.72% versus a gain of 11.52% for SPY.
Over three years, EZJ compounded at +27.16% per year against +20.62% for SPY; over five years the annualized figures are +6.08% and +12.73% respectively. Across the full 17-year window we track, SPY has the edge at +13.30% annualized vs +8.01%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EZJ has been the more volatile fund, with annualized monthly volatility of 28.5% compared with 14.4% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -59.7% for EZJ and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
EZJ charges 1.17% per year while SPY charges 0.09%. On a $10,000 position that is $117 vs $9 annually, a gap of $108 per year that compounds over a long holding period. On income, EZJ currently yields 1.80% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 2 holdings in EZJ and 504 in SPY, totalling 66.7% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in EZJ and 504 in SPY, against full books of 8 and 505.
You are not choosing between two funds in isolation.
Whichever of EZJ and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EZJ or SPY?
EZJ has an expense ratio of 1.17% while SPY charges 0.09%. SPY is the cheaper option, by $108 a year on a $10,000 investment.
Which performed better, EZJ or SPY?
Over the past year EZJ returned +41.15% vs +17.48% for SPY, so EZJ leads on 1-year performance. Over the longest common window we track (17 years), EZJ annualized +8.01% vs +13.30% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EZJ or SPY?
EZJ has been the more volatile fund at 28.5% annualized versus 14.4% for SPY. Worst drawdown: EZJ -59.7% vs SPY -34.1%.
Should I hold both EZJ and SPY?
EZJ and SPY have a monthly-return correlation of 0.69, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, EZJ or SPY?
EZJ yields 1.80% while SPY yields 0.98%, so EZJ currently pays the higher dividend yield.
Is SPY better than EZJ?
SPY has a lower expense ratio. EZJ led over 1Y and 3Y, SPY over 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.