ProShares Short High Yield (SJB)

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The chart shows the growth of an initial investment of $10,000 in ProShares Short High Yield, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

ProShares Short High Yield (SJB) has returned 1.76% so far this year and -0.56% over the past 12 months. Over the last ten years, SJB has returned -4.13% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Mar 22, 2011, SJB's average daily return is -0.02%, while the average monthly return is -0.41%.

Historically, 36% of months were positive and 64% were negative. The best month was Mar 2020 with a return of +9.2%, while the worst month was Oct 2011 at -8.4%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 11 months.

On a daily basis, SJB closed higher 45% of trading days. The best single day was Mar 16, 2020 with a return of +6.5%, while the worst single day was Apr 9, 2020 at -7.2%.

ProShares Short High Yield has an annualized alpha of -0.28%, beta of -0.37, and R² of 0.57 versus S&P 500 Index. Calculated based on daily prices since March 23, 2011.

• This ETF tended to rise when S&P 500 Index fell (downside capture of -47.18%), but participation in market rallies was also limited (-31.47%) — a profile typical of counter-cyclical assets.
• Beta of -0.37 indicates this ETF moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

SJB has a high expense ratio of 0.95%, indicating above-average management fees.

SJB ranks 9 for risk / return — in the bottom 9% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for ProShares Short High Yield (SJB) and compare them to a chosen benchmark (S&P 500 Index).

ProShares Short High Yield provided a 3.40% dividend yield over the last twelve months, with an annual payout of $0.53 per share.

The table displays the monthly dividend distributions for ProShares Short High Yield. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the ProShares Short High Yield. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the ProShares Short High Yield was 58.06%, occurring on Dec 28, 2021. The portfolio has not yet recovered.

The current ProShares Short High Yield drawdown is 56.97%.

The chart below shows the rolling one-month volatility.