- ISIN
- US74347R1317
- CUSIP
- 74347R131
- Issuer
- ProShares
- Inception Date
- Mar 21, 2011
- Region
- North America (U.S.)
- Category
- Inverse Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- iBoxx $ Liquid High Yield Index (-100%)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $57M
Share Price Chart
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Performance
SJB Performance Chart
ProShares Short High Yield (SJB) is up 0.6% since the beginning of the year. SJB is currently trading at $15 per share. Investors who bought $1,000 worth of SJB shares 5 years ago would now be looking at an investment worth $978.
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Returns By Period
ProShares Short High Yield (SJB) has returned 0.61% so far this year and -0.35% over the past 12 months. Over the last ten years, SJB has returned -3.87% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
ProShares Short High Yield
- 1D
- 0.07%
- 1M
- -0.29%
- YTD
- 0.61%
- 6M
- 0.46%
- 1Y
- -0.35%
- 3Y*
- -2.26%
- 5Y*
- -0.44%
- 10Y*
- -3.87%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SJB Monthly Returns History
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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.00% | 0.43% | 1.33% | -1.13% | -0.20% | 0.20% | 0.61% | ||||||
| 2025 | -0.80% | -0.37% | 1.61% | 0.06% | -1.05% | -1.25% | 0.35% | -0.45% | -0.29% | 0.55% | -0.19% | -0.02% | -1.87% |
| 2024 | 0.29% | 0.29% | -0.43% | 1.46% | -0.58% | -0.43% | -1.24% | -1.14% | -0.89% | 1.61% | -1.09% | 1.36% | -0.84% |
| 2023 | -3.26% | 2.23% | -1.76% | 0.22% | 1.74% | -1.24% | -0.76% | 0.39% | 2.07% | 1.68% | -4.21% | -2.60% | -5.63% |
| 2022 | 2.40% | 0.62% | 0.84% | 4.09% | -2.07% | 7.10% | -6.58% | 4.28% | 3.95% | -3.45% | -3.11% | 1.97% | 9.57% |
| 2021 | 0.32% | -0.11% | -1.39% | -0.87% | -0.38% | -1.59% | -0.45% | -0.84% | 0.11% | -0.11% | 0.96% | -2.51% | -6.69% |
Benchmark Metrics
ProShares Short High Yield has an annualized alpha of -0.07%, beta of -0.37, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since March 22, 2011.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -46.85%), but participation in market rallies was also limited (-30.51%) - 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.
- Alpha
- -0.07%
- Beta
- -0.37
- R²
- 0.57
- Upside Capture
- -30.51%
- Downside Capture
- -46.85%
Expense Ratio
SJB has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
SJB ranks 7 for risk / return — in the bottom 7% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Short High Yield (SJB) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SJB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.12 | ||
| Sortino ratioReturn per unit of downside risk | -2.86 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.37 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 2.78 | -2.91 |
| Martin ratioReturn relative to average drawdown | -0.27 | 12.44 | -12.71 |
Dividends
Dividend History
ProShares Short High Yield provided a 3.44% dividend yield over the last twelve months, with an annual payout of $0.53 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.53 | $0.59 | $0.95 | $0.71 | $0.09 | $0.00 | $0.01 | $0.26 | $0.17 |
Dividend yield | 3.44% | 3.86% | 5.86% | 4.10% | 0.46% | 0.00% | 0.07% | 1.27% | 0.71% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.03 | ||||||
| 2025 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.17 | $0.59 |
| 2024 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.34 | $0.95 |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.26 | $0.71 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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 57.45%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2021 bear market2021 | -58.06%Dec 2021 | 10y 2mo | — | 14y 8moOct 2011 - now |
2011 pullback2011 | -6.29%Aug 2011 | 22d | 1mo 3d | 1mo 25dAug 2011 - Oct 2011 |
2011 pullback2011 | -5.33%Jul 2011 | 1mo 5d | 17d | 1mo 22dJun 2011 - Aug 2011 |
2011 pullback2011 | -3.04%May 2011 | 1mo 29d | 27d | 2mo 26dMar 2011 - Jun 2011 |
Drawdown Indicators
| SJB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -56.78% | -1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -9.10% | +6.36% |
Max Drawdown (3Y)Largest decline over 3 years | -10.54% | -18.90% | +8.36% |
Max Drawdown (5Y)Largest decline over 5 years | -13.30% | -25.43% | +12.13% |
Max Drawdown (10Y)Largest decline over 10 years | -34.57% | -33.92% | -0.65% |
Current DrawdownCurrent decline from peak | -57.45% | -1.80% | -55.65% |
Average DrawdownAverage peak-to-trough decline | -42.52% | -10.71% | -31.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.32% | 2.03% | -0.71% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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