NVDQ vs. UJB
NVDQ (T-Rex 2X Inverse NVIDIA Daily Target ETF) and UJB (ProShares Ultra High Yield) are both exchange-traded funds - NVDQ is a Inverse Equities fund actively managed by T-Rex, while UJB is a Leveraged Bonds fund tracking the Markit iBoxx $ Liquid High Yield Index. NVDQ is actively managed, while UJB is passively managed. Over the past year, NVDQ returned -56.35% vs 6.78% for UJB. At a correlation of -0.33, they often move in opposite directions. NVDQ charges 1.05%/yr vs 0.95%/yr for UJB.
Performance
NVDQ vs. UJB - Performance Comparison
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Returns By Period
In the year-to-date period, NVDQ achieves a -25.89% return, which is significantly lower than UJB's 1.03% return.
NVDQ
- 1D
- 3.06%
- 1M
- 14.12%
- YTD
- -25.89%
- 6M
- -24.18%
- 1Y
- -56.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UJB
- 1D
- 0.05%
- 1M
- -0.05%
- YTD
- 1.03%
- 6M
- 1.02%
- 1Y
- 6.78%
- 3Y*
- 12.05%
- 5Y*
- 2.74%
- 10Y*
- 5.57%
NVDQ vs. UJB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF | -25.89% | -74.63% | -93.80% | -28.84% |
UJB ProShares Ultra High Yield | 1.03% | 12.22% | 9.41% | 17.59% |
Correlation
The correlation between NVDQ and UJB is -0.30, 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 | -0.30 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | -0.33 |
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Return for Risk
NVDQ vs. UJB — Risk / Return Rank
NVDQ
UJB
NVDQ vs. UJB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) 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.
| NVDQ | UJB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.17 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 1.36 | -2.19 |
| Martin ratioReturn relative to average drawdown | -1.35 | 5.71 | -7.06 |
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Drawdowns
NVDQ vs. UJB - Drawdown Comparison
The maximum NVDQ drawdown since its inception was -99.45%, which is greater than UJB's maximum drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for NVDQ and UJB.
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Drawdown Indicators
| NVDQ | UJB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.45% | -40.14% | -59.31% |
Max Drawdown (1Y)Largest decline over 1 year | -68.07% | -5.01% | -63.06% |
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 | -99.25% | -0.63% | -98.62% |
Average DrawdownAverage peak-to-trough decline | -88.32% | -6.15% | -82.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.70% | 1.19% | +40.51% |
Volatility
NVDQ vs. UJB - Volatility Comparison
T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) has a higher volatility of 26.21% compared to ProShares Ultra High Yield (UJB) at 1.86%. This indicates that NVDQ'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
| NVDQ | UJB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.21% | 1.86% | +24.35% |
Volatility (6M)Calculated over the trailing 6-month period | 53.68% | 5.90% | +47.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.34% | 7.34% | +63.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.32% | 14.69% | +80.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.32% | 18.01% | +77.31% |
NVDQ vs. UJB - Expense Ratio Comparison
NVDQ has a 1.05% expense ratio, which is higher than UJB's 0.95% expense ratio.
Dividends
NVDQ vs. UJB - Dividend Comparison
NVDQ's dividend yield for the trailing twelve months is around 0.35%, less than UJB's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF | 0.35% | 0.26% | 4.59% | 11.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UJB ProShares Ultra High Yield | 3.20% | 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
NVDQ 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.
NVDQ has higher volatility (26.21%) compared to UJB (1.86%). In terms of maximum drawdown, NVDQ dropped -99.45% vs UJB's -40.14%.
On 1-year performance, UJB leads with 6.78% vs -56.35% for NVDQ. On fees, UJB is cheaper at 0.95% per year. On volatility, UJB has been the lower-risk option at 1.86%. 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 6.78% return vs -56.35%. 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 1.05% for NVDQ.
UJB has the higher dividend yield at 3.20%, compared with 0.35% for NVDQ.
NVDQ is categorized as Inverse Equities, while UJB is Leveraged Bonds. They also come from different issuers: T-Rex and ProShares. Their fees differ too: 1.05% for NVDQ and 0.95% for UJB.
UJB currently has the higher Sharpe Ratio (0.93 vs -0.81), 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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