ERY vs. UJB
Compare and contrast key facts about Direxion Daily Energy Bear 2X Shares (ERY) and ProShares Ultra High Yield (UJB).
ERY and UJB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ERY is a passively managed fund by Direxion that tracks the performance of the Energy Select Sector Index (-300%). It was launched on Apr 1, 2020. UJB is a passively managed fund by ProShares that tracks the performance of the iBoxx $ Liquid High Yield Index (200%). It was launched on Apr 13, 2011. Both ERY and UJB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ERY vs. UJB - Performance Comparison
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ERY vs. UJB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ERY Direxion Daily Energy Bear 2X Shares | -44.19% | -18.54% | -5.58% | -0.35% | -73.61% | -68.00% | -11.94% | -38.67% | 45.61% | -5.67% |
UJB ProShares Ultra High Yield | -1.29% | 12.22% | 9.41% | 17.70% | -23.27% | 6.96% | 5.19% | 26.68% | -6.08% | 11.77% |
Returns By Period
In the year-to-date period, ERY achieves a -44.19% return, which is significantly lower than UJB's -1.29% return. Over the past 10 years, ERY has underperformed UJB with an annualized return of -36.24%, while UJB has yielded a comparatively higher 6.78% annualized return.
ERY
- 1D
- 7.30%
- 1M
- -8.10%
- YTD
- -44.19%
- 6M
- -44.94%
- 1Y
- -44.52%
- 3Y*
- -26.22%
- 5Y*
- -40.95%
- 10Y*
- -36.24%
UJB
- 1D
- 0.42%
- 1M
- -1.73%
- YTD
- -1.29%
- 6M
- -0.22%
- 1Y
- 8.83%
- 3Y*
- 10.38%
- 5Y*
- 2.91%
- 10Y*
- 6.78%
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ERY vs. UJB - Expense Ratio Comparison
ERY has a 1.07% expense ratio, which is lower than UJB's 1.27% expense ratio.
Return for Risk
ERY vs. UJB — Risk / Return Rank
ERY
UJB
ERY vs. UJB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Bear 2X Shares (ERY) 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.
| ERY | UJB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.90 | 0.82 | -1.71 |
Sortino ratioReturn per unit of downside risk | -1.40 | 1.26 | -2.66 |
Omega ratioGain probability vs. loss probability | 0.84 | 1.19 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | -0.68 | 1.19 | -1.87 |
Martin ratioReturn relative to average drawdown | -1.32 | 5.92 | -7.24 |
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
| ERY | UJB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.90 | 0.82 | -1.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.79 | 0.20 | -0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.51 | 0.37 | -0.88 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.55 | 0.33 | -0.87 |
Correlation
The correlation between ERY and UJB is -0.27. 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
ERY vs. UJB - Dividend Comparison
ERY's dividend yield for the trailing twelve months is around 3.73%, more than UJB's 3.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERY Direxion Daily Energy Bear 2X Shares | 3.73% | 3.48% | 4.13% | 4.14% | 0.32% | 0.00% | 0.43% | 1.50% | 0.56% | 0.00% | 0.00% | 0.00% |
UJB ProShares Ultra High Yield | 3.42% | 2.61% | 3.02% | 3.92% | 0.05% | 0.63% | 2.88% | 3.95% | 3.22% | 2.67% | 2.35% | 3.62% |
Drawdowns
ERY vs. UJB - Drawdown Comparison
The maximum ERY drawdown since its inception was -99.99%, which is greater than UJB's maximum drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for ERY and UJB.
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Drawdown Indicators
| ERY | UJB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -40.14% | -59.85% |
Max Drawdown (1Y)Largest decline over 1 year | -65.95% | -7.86% | -58.09% |
Max Drawdown (5Y)Largest decline over 5 years | -94.36% | -30.14% | -64.22% |
Max Drawdown (10Y)Largest decline over 10 years | -99.66% | -40.14% | -59.52% |
Current DrawdownCurrent decline from peak | -99.99% | -2.52% | -97.47% |
Average DrawdownAverage peak-to-trough decline | -96.89% | -6.23% | -90.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.29% | 1.58% | +32.71% |
Volatility
ERY vs. UJB - Volatility Comparison
Direxion Daily Energy Bear 2X Shares (ERY) has a higher volatility of 12.55% compared to ProShares Ultra High Yield (UJB) at 4.41%. This indicates that ERY'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
| ERY | UJB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.55% | 4.41% | +8.14% |
Volatility (6M)Calculated over the trailing 6-month period | 28.79% | 5.65% | +23.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.79% | 10.88% | +38.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.11% | 14.63% | +37.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.72% | 18.52% | +52.20% |