KBAB vs. UJB
KBAB (KraneShares 2x Long BABA Daily ETF) and UJB (ProShares Ultra High Yield) are both exchange-traded funds - KBAB is a Leveraged Equities fund actively managed by KraneShares, while UJB is a Leveraged Bonds fund tracking the Markit iBoxx $ Liquid High Yield Index. KBAB is actively managed, while UJB is passively managed. Over the past year, KBAB returned -15.86% vs 6.72% for UJB. At a 0.29 correlation, their price movements are largely independent. KBAB charges 1.00%/yr vs 0.95%/yr for UJB.
Performance
KBAB vs. UJB - Performance Comparison
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Returns By Period
In the year-to-date period, KBAB achieves a -48.67% return, which is significantly lower than UJB's 1.30% return.
KBAB
- 1D
- 1.87%
- 1M
- -3.08%
- 6M
- -51.00%
- YTD
- -48.67%
- 1Y
- -15.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UJB
- 1D
- -0.15%
- 1M
- 0.09%
- 6M
- 0.53%
- YTD
- 1.30%
- 1Y
- 6.72%
- 3Y*
- 11.48%
- 5Y*
- 2.66%
- 10Y*
- 5.63%
KBAB vs. UJB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KBAB KraneShares 2x Long BABA Daily ETF | -48.67% | -6.56% |
UJB ProShares Ultra High Yield | 1.30% | 10.48% |
Correlation
The correlation between KBAB and UJB is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2025 | 0.29 |
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Return for Risk
KBAB vs. UJB — Risk / Return Rank
KBAB
UJB
KBAB vs. UJB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares 2x Long BABA Daily ETF (KBAB) 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.
| KBAB | UJB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.17 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 1.27 | -1.48 |
| Martin ratioReturn relative to average drawdown | -0.38 | 5.38 | -5.75 |
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Drawdowns
KBAB vs. UJB - Drawdown Comparison
The maximum KBAB drawdown since its inception was -78.98%, which is greater than UJB's maximum drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for KBAB and UJB.
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Drawdown Indicators
| KBAB | UJB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.98% | -40.14% | -38.84% |
Max Drawdown (1Y)Largest decline over 1 year | -78.98% | -5.01% | -73.97% |
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 | -71.09% | -0.47% | -70.62% |
Average DrawdownAverage peak-to-trough decline | -39.95% | -6.13% | -33.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.95% | 1.18% | +41.77% |
Volatility
KBAB vs. UJB - Volatility Comparison
KraneShares 2x Long BABA Daily ETF (KBAB) has a higher volatility of 27.84% compared to ProShares Ultra High Yield (UJB) at 1.56%. This indicates that KBAB'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
| KBAB | UJB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.84% | 1.56% | +26.28% |
Volatility (6M)Calculated over the trailing 6-month period | 61.20% | 5.89% | +55.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.50% | 7.27% | +83.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.17% | 14.68% | +76.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 91.17% | 17.84% | +73.33% |
KBAB vs. UJB - Expense Ratio Comparison
KBAB has a 1.00% expense ratio, which is higher than UJB's 0.95% expense ratio.
Dividends
KBAB vs. UJB - Dividend Comparison
KBAB's dividend yield for the trailing twelve months is around 116.67%, more than UJB's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBAB KraneShares 2x Long BABA Daily ETF | 116.67% | 59.88% | 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 | 3.19% | 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
KBAB and UJB have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBAB has higher volatility (27.84%) compared to UJB (1.56%). In terms of maximum drawdown, KBAB dropped -78.98% vs UJB's -40.14%.
On 1-year performance, UJB leads with 6.72% vs -15.86% for KBAB. On fees, UJB is cheaper at 0.95% per year. On volatility, UJB has been the lower-risk option at 1.56%. 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 6.72% return vs -15.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UJB is cheaper with a 0.95% expense ratio, compared with 1.00% for KBAB.
KBAB has the higher dividend yield at 116.67%, compared with 3.19% for UJB.
KBAB is categorized as Leveraged Equities, while UJB is Leveraged Bonds. They also come from different issuers: KraneShares and ProShares. Their fees differ too: 1.00% for KBAB and 0.95% for UJB.
UJB currently has the higher Sharpe Ratio (0.88 vs -0.18), 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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