- ISIN
- US74348A7072
- CUSIP
- 74348A707
- Issuer
- ProShares
- Inception Date
- Apr 13, 2011
- Region
- North America (U.S.)
- Category
- Leveraged Bonds
- Leveraged
- 2x
- Index Tracked
- Markit iBoxx $ Liquid High Yield Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $10M
Highlights
- Avg. Volume (1M)
- 27K
- Avg. Volume Value (1M)
- $2.11M
Share Price Chart
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Performance
UJB Performance Chart
ProShares Ultra High Yield (UJB) is up 0.5% since the beginning of the year. UJB is currently trading at $78 per share. Investors who bought $1,000 worth of UJB shares 5 years ago would now be looking at an investment worth $1,134.
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Compare this symbol against anything
Returns By Period
ProShares Ultra High Yield (UJB) has returned 0.45% so far this year and 5.21% over the past 12 months. Over the last ten years, UJB has returned 5.73% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
ProShares Ultra High Yield
- 1D
- -0.01%
- 1M
- -0.97%
- 6M
- -0.35%
- YTD
- 0.45%
- 1Y
- 5.21%
- 3Y*
- 10.75%
- 5Y*
- 2.55%
- 10Y*
- 5.73%
- ALL TIME*
- 6.63%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
UJB Monthly Returns History
Based on dividend-adjusted daily data since Apr 14, 2011, UJB's average daily return is +0.03%, while the average monthly return is +0.63%. At this rate, an investment would double in approximately 9.2 years.
Historically, 58% of months were positive and 42% were negative. The best month was Oct 2011 with a return of +15.5%, while the worst month was Mar 2020 at -20.6%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, UJB closed higher 39% of trading days. The best single day was Jan 29, 2016 with a return of +21.9%, while the worst single day was Feb 1, 2016 at -14.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.81% | -0.37% | -2.13% | 2.66% | 0.50% | -0.23% | -0.71% | 0.45% | |||||
| 2025 | 2.30% | 1.50% | -2.43% | -0.22% | 2.87% | 3.21% | -0.15% | 1.89% | 1.38% | -0.49% | 1.14% | 0.72% | 12.22% |
| 2024 | -0.24% | -0.05% | 1.94% | -2.97% | 2.42% | 0.56% | 4.30% | 2.21% | 3.03% | -2.43% | 2.74% | -2.16% | 9.41% |
| 2023 | 7.01% | -4.22% | 3.47% | -0.08% | -2.76% | 3.03% | 1.84% | -0.09% | -3.58% | -2.52% | 9.21% | 6.15% | 17.70% |
| 2022 | -5.30% | -1.91% | -2.50% | -8.29% | 3.27% | -14.10% | 13.51% | -8.42% | -7.84% | 6.35% | 6.00% | -3.60% | -23.27% |
| 2021 | -0.39% | -0.18% | 1.34% | 1.45% | 0.11% | 2.40% | 0.24% | 0.86% | -0.40% | -0.71% | -2.56% | 4.76% | 6.96% |
Benchmark Metrics
ProShares Ultra High Yield has an annualized alpha of 1.41%, beta of 0.55, and R2 of 0.22 versus S&P 500 Index. Calculated based on daily prices since April 14, 2011.
- This ETF participated in 86.12% of S&P 500 Index downside but only 67.31% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.55 may look defensive, but with R2 of 0.22 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.22 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.41%
- Beta
- 0.55
- R²
- 0.22
- Upside Capture
- 67.31%
- Downside Capture
- 86.12%
Expense Ratio
UJB has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
UJB ranks 32 for risk / return — above 32% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for ProShares Ultra High Yield (UJB) 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.
| UJB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.25 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 2.00 | -0.96 |
| Martin ratioReturn relative to average drawdown | 4.28 | 8.49 | -4.21 |
Dividends
Dividend History
ProShares Ultra High Yield provided a 3.21% dividend yield over the last twelve months, with an annual payout of $2.51 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.51 | $2.06 | $2.18 | $2.67 | $0.03 | $0.49 | $2.13 | $2.87 | $1.92 | $1.75 | $1.42 | $1.73 |
Dividend yield | 3.21% | 2.61% | 3.02% | 3.92% | 0.05% | 0.63% | 2.88% | 3.95% | 3.22% | 2.67% | 2.35% | 3.62% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Ultra 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 | $1.11 | $0.00 | $0.00 | $0.27 | $0.00 | $1.38 | |||||
| 2025 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.82 | $0.00 | $0.00 | $0.31 | $2.06 |
| 2024 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.75 | $0.00 | $0.00 | $0.55 | $2.18 |
| 2023 | $0.00 | $0.00 | $1.55 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.57 | $2.67 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.49 |
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 Ultra 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 Ultra High Yield was 40.14%, occurring on Mar 23, 2020. Recovery took 176 trading sessions.
The current ProShares Ultra High Yield drawdown is 1.30%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-40.14%Mar 2020 | 1mo 8d | 8mo 13d | 9mo 21dFeb 2020 - Dec 2020 | COVID crash2020 |
-30.14%Sep 2022 | 9mo 4d | 1y 11mo | 2y 8moDec 2021 - Sep 2024 | Bear market2022 |
-28.58%Jan 2016 | 8mo 20d | 5mo 24d | 1y 2moMay 2015 - Jul 2016 | — |
-25.24%Oct 2011 | 2mo 11d | 3mo 2d | 5mo 13dJul 2011 - Jan 2012 | — |
-14.15%Dec 2018 | 4mo 5d | 2mo 6d | 6mo 11dAug 2018 - Feb 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| UJB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.14% | -56.78% | +16.64% |
Max Drawdown (1Y)Largest decline over 1 year | -5.01% | -9.10% | +4.09% |
Max Drawdown (3Y)Largest decline over 3 years | -9.47% | -18.90% | +9.43% |
Max Drawdown (5Y)Largest decline over 5 years | -30.14% | -25.43% | -4.71% |
Max Drawdown (10Y)Largest decline over 10 years | -40.14% | -33.92% | -6.22% |
Current DrawdownCurrent decline from peak | -1.30% | -1.58% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -6.11% | -10.70% | +4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 2.14% | -0.92% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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