DHY vs. SJB
Compare and contrast key facts about Dimensional High Yield Equity Fund (DHY) and ProShares Short High Yield (SJB).
DHY is managed by Dimensional Fund Advisors. It was launched on Jan 1, 2013. SJB is a passively managed fund by ProShares that tracks the performance of the iBoxx $ Liquid High Yield Index (-100%). It was launched on Mar 21, 2011.
Performance
DHY vs. SJB - Performance Comparison
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DHY vs. SJB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHY Dimensional High Yield Equity Fund | -2.71% | 2.19% | 18.18% | 24.13% | -21.75% | 16.99% | 0.10% | 26.18% | -16.10% | 17.06% |
SJB ProShares Short High Yield | 1.76% | -1.87% | -0.84% | -5.63% | 9.57% | -6.69% | -9.23% | -11.42% | 2.47% | -6.17% |
Returns By Period
In the year-to-date period, DHY achieves a -2.71% return, which is significantly lower than SJB's 1.76% return. Over the past 10 years, DHY has outperformed SJB with an annualized return of 7.91%, while SJB has yielded a comparatively lower -4.13% annualized return.
DHY
- 1D
- 3.83%
- 1M
- -1.24%
- YTD
- -2.71%
- 6M
- -3.37%
- 1Y
- -1.80%
- 3Y*
- 9.83%
- 5Y*
- 4.43%
- 10Y*
- 7.91%
SJB
- 1D
- -1.05%
- 1M
- 1.33%
- YTD
- 1.76%
- 6M
- 2.10%
- 1Y
- -0.56%
- 3Y*
- -1.29%
- 5Y*
- -0.64%
- 10Y*
- -4.13%
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DHY vs. SJB - Expense Ratio Comparison
DHY has a 0.04% expense ratio, which is lower than SJB's 0.95% expense ratio.
Return for Risk
DHY vs. SJB — Risk / Return Rank
DHY
SJB
DHY vs. SJB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional High Yield Equity Fund (DHY) and ProShares Short High Yield (SJB). 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.
| DHY | SJB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.13 | -0.10 | -0.03 |
Sortino ratioReturn per unit of downside risk | -0.08 | -0.10 | +0.02 |
Omega ratioGain probability vs. loss probability | 0.99 | 0.99 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | -0.26 | -0.09 | -0.17 |
Martin ratioReturn relative to average drawdown | -0.78 | -0.11 | -0.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DHY | SJB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.13 | -0.10 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | -0.09 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | -0.48 | +0.93 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | -0.60 | +0.78 |
Correlation
The correlation between DHY and SJB is -0.36. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
DHY vs. SJB - Dividend Comparison
DHY's dividend yield for the trailing twelve months is around 9.79%, more than SJB's 3.40% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHY Dimensional High Yield Equity Fund | 9.79% | 9.30% | 8.69% | 9.39% | 10.57% | 7.61% | 8.68% | 9.02% | 11.20% | 9.40% | 10.52% | 12.63% |
SJB ProShares Short High Yield | 3.40% | 3.86% | 5.86% | 4.10% | 0.46% | 0.00% | 0.07% | 1.27% | 0.71% | 0.00% | 0.00% | 0.00% |
Drawdowns
DHY vs. SJB - Drawdown Comparison
The maximum DHY drawdown since its inception was -71.47%, which is greater than SJB's maximum drawdown of -58.06%. Use the drawdown chart below to compare losses from any high point for DHY and SJB.
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Drawdown Indicators
| DHY | SJB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.47% | -58.06% | -13.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -6.35% | -4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -27.23% | -13.30% | -13.93% |
Max Drawdown (10Y)Largest decline over 10 years | -41.36% | -36.52% | -4.84% |
Current DrawdownCurrent decline from peak | -6.10% | -56.97% | +50.87% |
Average DrawdownAverage peak-to-trough decline | -12.37% | -42.30% | +29.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 5.16% | -1.66% |
Volatility
DHY vs. SJB - Volatility Comparison
Dimensional High Yield Equity Fund (DHY) has a higher volatility of 6.45% compared to ProShares Short High Yield (SJB) at 2.25%. This indicates that DHY's price experiences larger fluctuations and is considered to be riskier than SJB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHY | SJB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.45% | 2.25% | +4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 2.90% | +6.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.36% | 5.69% | +8.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.25% | 7.50% | +7.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 8.55% | +9.42% |