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 -69.65% vs 8.38% for UJB. At a correlation of -0.32, 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 -38.57% return, which is significantly lower than UJB's 1.09% return.
NVDQ
- 1D
- -3.82%
- 1M
- -23.21%
- YTD
- -38.57%
- 6M
- -41.67%
- 1Y
- -69.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UJB
- 1D
- 0.28%
- 1M
- 0.36%
- YTD
- 1.09%
- 6M
- 1.55%
- 1Y
- 8.38%
- 3Y*
- 11.70%
- 5Y*
- 3.06%
- 10Y*
- 6.36%
NVDQ vs. UJB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF | -38.57% | -74.63% | -93.80% | -30.70% |
UJB ProShares Ultra High Yield | 1.09% | 12.22% | 9.41% | 18.36% |
Correlation
The correlation between NVDQ and UJB is -0.28, 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 | -0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2023 | -0.32 |
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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.
| NVDQ | UJB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.19 | ||
| Sortino ratioReturn per unit of downside risk | -3.59 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.22 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 1.68 | -2.63 |
| Martin ratioReturn relative to average drawdown | -1.43 | 7.15 | -8.58 |
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
| NVDQ | UJB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.03 | 1.16 | -2.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.21 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.89 | 0.33 | -1.23 |
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 | -73.67% | -5.01% | -68.66% |
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 | -99.38% | -0.57% | -98.81% |
Average DrawdownAverage peak-to-trough decline | -88.22% | -6.17% | -82.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.77% | 1.18% | +47.59% |
Volatility
NVDQ vs. UJB - Volatility Comparison
T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) has a higher volatility of 25.78% compared to ProShares Ultra High Yield (UJB) at 2.29%. 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 | 25.78% | 2.29% | +23.49% |
Volatility (6M)Calculated over the trailing 6-month period | 51.89% | 5.76% | +46.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.77% | 7.29% | +60.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.47% | 14.67% | +80.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.47% | 18.27% | +77.20% |
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 0.42%, less than UJB's 3.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF | 0.42% | 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 | 3.34% | 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
NVDQ 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.
NVDQ has higher volatility (25.78%) compared to UJB (2.29%). In terms of maximum drawdown, NVDQ dropped -99.45% vs UJB's -40.14%.
On 1-year performance, UJB leads with 8.38% vs -69.65% for NVDQ. On fees, UJB is cheaper at 0.95% per year. On volatility, UJB has been the lower-risk option at 2.29%. 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 8.38% return vs -69.65%. 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 3.34%, compared with 0.42% 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 (1.16 vs -1.03), 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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