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 -16.96% vs 5.21% for UJB. Their 0.30 correlation means their historical movements had little consistent relationship. 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 -39.99% return, which is significantly lower than UJB's 0.45% return.
KBAB
- 1D
- 10.58%
- 1M
- 57.00%
- 6M
- -53.74%
- YTD
- -39.99%
- 1Y
- -16.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -34.14%
UJB
- 1D
- -0.01%
- 1M
- -0.97%
- 6M
- -0.35%
- YTD
- 0.45%
- 1Y
- 5.21%
- 3Y*
- 10.75%
- 5Y*
- 2.55%
- 10Y*
- 5.73%
- ALL TIME*
- 6.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $69.43K | $174.57K | $194.23K | |
| $1.43M | $2.11M | $1.51M |
KBAB vs. UJB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KBAB KraneShares 2x Long BABA Daily ETF | -39.99% | -6.56% |
UJB ProShares Ultra High Yield | 0.45% | 10.48% |
Correlation
The correlation between KBAB and UJB is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2025 | 0.30 |
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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 | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.13 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 1.04 | -1.32 |
| Martin ratioReturn relative to average drawdown | -0.47 | 4.28 | -4.75 |
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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 | -66.20% | -1.30% | -64.90% |
Average DrawdownAverage peak-to-trough decline | -41.21% | -6.11% | -35.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.15% | 1.22% | +44.93% |
Volatility
KBAB vs. UJB - Volatility Comparison
KraneShares 2x Long BABA Daily ETF (KBAB) has a higher volatility of 27.65% compared to ProShares Ultra High Yield (UJB) at 1.57%. 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 | 27.65% | 1.57% | +26.08% |
Volatility (6M)Calculated over the trailing 6-month period | 57.86% | 6.01% | +51.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 90.35% | 7.33% | +83.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.76% | 14.67% | +76.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.76% | 17.58% | +73.18% |
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 99.78%, more than UJB's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBAB KraneShares 2x Long BABA Daily ETF | 99.78% | 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 | 3.21% | 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 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBAB has higher volatility (27.65%) compared to UJB (1.57%). In terms of maximum drawdown, KBAB dropped -78.98% vs UJB's -40.14%.
On 1-year performance, UJB leads with 5.21% vs -16.96% for KBAB. On fees, UJB is cheaper at 0.95% per year. On volatility, UJB has been the lower-risk option at 1.57%. 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 5.21% return vs -16.96%. 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 99.78%, compared with 3.21% 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 (0.71 vs -0.24), 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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