EEV vs. UJB
EEV (ProShares UltraShort MSCI Emerging Markets) and UJB (ProShares Ultra High Yield) are both exchange-traded funds - EEV is a Leveraged Equities fund tracking the MSCI Emerging Markets Index (-200%), while UJB is a Leveraged Bonds fund tracking the Markit iBoxx $ Liquid High Yield Index. Both are passively managed. Over the past 10 years, EEV returned -24.94%/yr vs 5.52%/yr for UJB. At a correlation of -0.38, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
EEV vs. UJB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EEV achieves a -45.94% return, which is significantly lower than UJB's 1.19% return. Over the past 10 years, EEV has underperformed UJB with an annualized return of -24.94%, while UJB has yielded a comparatively higher 5.52% annualized return.
EEV
- 1D
- -0.90%
- 1M
- -17.55%
- YTD
- -45.94%
- 6M
- -47.26%
- 1Y
- -61.41%
- 3Y*
- -35.92%
- 5Y*
- -17.45%
- 10Y*
- -24.94%
UJB
- 1D
- -0.11%
- 1M
- 0.73%
- YTD
- 1.19%
- 6M
- 1.66%
- 1Y
- 7.89%
- 3Y*
- 12.22%
- 5Y*
- 2.91%
- 10Y*
- 5.52%
EEV vs. UJB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EEV ProShares UltraShort MSCI Emerging Markets | -45.94% | -43.35% | -8.08% | -13.08% | 37.05% | -4.99% | -48.93% | -30.87% | 24.06% | -49.03% |
UJB ProShares Ultra High Yield | 1.19% | 12.22% | 9.41% | 17.70% | -23.27% | 6.96% | 5.19% | 26.68% | -6.08% | 11.77% |
Correlation
The correlation between EEV and UJB is -0.61, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.45 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2011 | -0.38 |
Over the past year, the inverse relationship between EEV and UJB has strengthened: their correlation has moved from -0.38 to -0.61, meaning they now move in opposite directions more often than their long-term average.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EEV vs. UJB — Risk / Return Rank
EEV
UJB
EEV vs. UJB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Emerging Markets (EEV) 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.
| EEV | UJB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.46 | ||
| Sortino ratioReturn per unit of downside risk | -4.17 | ||
| Omega ratioGain probability vs. loss probability | 0.70 | 1.20 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | 1.58 | -2.59 |
| Martin ratioReturn relative to average drawdown | -1.83 | 6.65 | -8.49 |
Loading charts...
Drawdowns
EEV vs. UJB - Drawdown Comparison
The maximum EEV drawdown since its inception was -99.88%, which is greater than UJB's maximum drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for EEV and UJB.
Loading charts...
Drawdown Indicators
| EEV | UJB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.88% | -40.14% | -59.74% |
Max Drawdown (1Y)Largest decline over 1 year | -60.74% | -5.01% | -55.73% |
Max Drawdown (3Y)Largest decline over 3 years | -77.51% | -9.47% | -68.04% |
Max Drawdown (5Y)Largest decline over 5 years | -81.14% | -30.14% | -51.00% |
Max Drawdown (10Y)Largest decline over 10 years | -94.47% | -40.14% | -54.33% |
Current DrawdownCurrent decline from peak | -99.88% | -0.47% | -99.41% |
Average DrawdownAverage peak-to-trough decline | -93.00% | -6.15% | -86.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.52% | 1.19% | +33.33% |
Volatility
EEV vs. UJB - Volatility Comparison
ProShares UltraShort MSCI Emerging Markets (EEV) has a higher volatility of 21.49% compared to ProShares Ultra High Yield (UJB) at 1.95%. This indicates that EEV'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.
Loading charts...
Volatility by Period
| EEV | UJB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.49% | 1.95% | +19.54% |
Volatility (6M)Calculated over the trailing 6-month period | 40.02% | 5.92% | +34.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.39% | 7.38% | +37.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.16% | 14.69% | +24.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.49% | 18.02% | +23.47% |
EEV vs. UJB - Expense Ratio Comparison
Both EEV and UJB have an expense ratio of 0.95%.
Dividends
EEV vs. UJB - Dividend Comparison
EEV's dividend yield for the trailing twelve months is around 8.00%, more than UJB's 3.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEV ProShares UltraShort MSCI Emerging Markets | 8.00% | 5.40% | 4.45% | 3.45% | 0.27% | 0.00% | 0.14% | 1.34% | 0.38% | 0.00% | 0.00% | 0.00% |
UJB ProShares Ultra High Yield | 3.34% | 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
EEV and UJB have a correlation of -0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EEV has higher volatility (21.49%) compared to UJB (1.95%). In terms of maximum drawdown, EEV dropped -99.88% vs UJB's -40.14%.
On 10-year performance, UJB leads with 5.52% vs -24.94% for EEV. Both ETFs have the same 0.95% expense ratio. On volatility, UJB has been the lower-risk option at 1.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UJB has performed better with a 5.52% return vs -24.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EEV and UJB have the same expense ratio: 0.95% per year.
EEV has the higher dividend yield at 8.00%, compared with 3.34% for UJB.
EEV is categorized as Leveraged Equities, while UJB is Leveraged Bonds. EEV tracks MSCI Emerging Markets Index (-200%), while UJB tracks Markit iBoxx $ Liquid High Yield Index.
UJB currently has the higher Sharpe Ratio (1.08 vs -1.39), 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.
Find the right allocation for EEV and UJB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer