BOEG vs. UJB
BOEG (Leverage Shares 2X Long BA Daily ETF) and UJB (ProShares Ultra High Yield) are both exchange-traded funds - BOEG is a Leveraged Equities fund actively managed by Leverage Shares, while UJB is a Leveraged Bonds fund tracking the Markit iBoxx $ Liquid High Yield Index. BOEG is actively managed, while UJB is passively managed. Over the past year, BOEG returned -4.03% vs 6.78% for UJB. At a 0.38 correlation, their price movements are largely independent. BOEG charges 0.75%/yr vs 0.95%/yr for UJB.
Performance
BOEG vs. UJB - Performance Comparison
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Returns By Period
In the year-to-date period, BOEG achieves a -9.75% return, which is significantly lower than UJB's 1.03% return.
BOEG
- 1D
- -2.13%
- 1M
- -3.15%
- YTD
- -9.75%
- 6M
- -11.04%
- 1Y
- -4.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UJB
- 1D
- 0.05%
- 1M
- -0.05%
- YTD
- 1.03%
- 6M
- 1.02%
- 1Y
- 6.78%
- 3Y*
- 12.05%
- 5Y*
- 2.74%
- 10Y*
- 5.57%
BOEG vs. UJB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BOEG Leverage Shares 2X Long BA Daily ETF | -9.75% | 6.85% |
UJB ProShares Ultra High Yield | 1.03% | 7.06% |
Correlation
The correlation between BOEG and UJB is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025 | 0.38 |
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Return for Risk
BOEG vs. UJB — Risk / Return Rank
BOEG
UJB
BOEG vs. UJB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long BA Daily ETF (BOEG) and ProShares Ultra High Yield (UJB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BOEG | UJB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.17 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 1.36 | -1.44 |
| Martin ratioReturn relative to average drawdown | -0.17 | 5.71 | -5.88 |
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Drawdowns
BOEG vs. UJB - Drawdown Comparison
The maximum BOEG drawdown since its inception was -46.47%, which is greater than UJB's maximum drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for BOEG and UJB.
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Drawdown Indicators
| BOEG | UJB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.47% | -40.14% | -6.33% |
Max Drawdown (1Y)Largest decline over 1 year | -46.47% | -5.01% | -41.46% |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.14% | — |
Current DrawdownCurrent decline from peak | -32.24% | -0.63% | -31.61% |
Average DrawdownAverage peak-to-trough decline | -19.66% | -6.15% | -13.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.64% | 1.19% | +22.45% |
Volatility
BOEG vs. UJB - Volatility Comparison
Leverage Shares 2X Long BA Daily ETF (BOEG) has a higher volatility of 21.94% compared to ProShares Ultra High Yield (UJB) at 1.86%. This indicates that BOEG's price experiences larger fluctuations and is considered to be riskier than UJB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOEG | UJB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.94% | 1.86% | +20.08% |
Volatility (6M)Calculated over the trailing 6-month period | 46.89% | 5.90% | +40.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.38% | 7.34% | +57.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.91% | 14.69% | +49.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.91% | 18.01% | +45.90% |
BOEG vs. UJB - Expense Ratio Comparison
BOEG has a 0.75% expense ratio, which is lower than UJB's 0.95% expense ratio.
Dividends
BOEG vs. UJB - Dividend Comparison
BOEG has not paid dividends to shareholders, while UJB's dividend yield for the trailing twelve months is around 3.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOEG Leverage Shares 2X Long BA Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UJB ProShares Ultra High Yield | 3.20% | 2.61% | 3.02% | 3.92% | 0.05% | 0.63% | 2.88% | 3.95% | 3.22% | 2.67% | 2.35% | 3.62% |
Frequently Asked Questions
BOEG and UJB have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOEG has higher volatility (21.94%) compared to UJB (1.86%). In terms of maximum drawdown, BOEG dropped -46.47% vs UJB's -40.14%.
On 1-year performance, UJB leads with 6.78% vs -4.03% for BOEG. On fees, BOEG is cheaper at 0.75% per year. On volatility, UJB has been the lower-risk option at 1.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UJB has performed better with a 6.78% return vs -4.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BOEG is cheaper with a 0.75% expense ratio, compared with 0.95% for UJB.
UJB has the higher dividend yield at 3.20%, compared with 0.00% for BOEG.
BOEG is categorized as Leveraged Equities, while UJB is Leveraged Bonds. They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for BOEG and 0.95% for UJB.
UJB currently has the higher Sharpe Ratio (0.93 vs -0.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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