RATE vs. UJB
Compare and contrast key facts about Global X Interest Rate Hedge ETF (RATE) and ProShares Ultra High Yield (UJB).
RATE and UJB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RATE is an actively managed fund by Global X. It was launched on Jul 5, 2022. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RATE or UJB.
Key characteristics
| RATE | UJB | |
|---|---|---|
| YTD Return | 8.05% | 11.53% |
| 1Y Return | -9.90% | 24.39% |
| Sharpe Ratio | -0.28 | 2.44 |
| Sortino Ratio | -0.24 | 3.61 |
| Omega Ratio | 0.97 | 1.45 |
| Calmar Ratio | -0.25 | 1.18 |
| Martin Ratio | -0.52 | 16.19 |
| Ulcer Index | 13.63% | 1.41% |
| Daily Std Dev | 25.69% | 9.36% |
| Max Drawdown | -28.48% | -40.14% |
| Current Drawdown | -18.02% | -0.08% |
Correlation
The correlation between RATE and UJB is -0.40. 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.
Performance
RATE vs. UJB - Performance Comparison
In the year-to-date period, RATE achieves a 8.05% return, which is significantly lower than UJB's 11.53% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RATE vs. UJB - Expense Ratio Comparison
RATE has a 0.50% expense ratio, which is lower than UJB's 1.27% expense ratio.
Risk-Adjusted Performance
RATE vs. UJB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Interest Rate Hedge ETF (RATE) 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.
Dividends
RATE vs. UJB - Dividend Comparison
RATE's dividend yield for the trailing twelve months is around 30.40%, more than UJB's 2.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
RATE Global X Interest Rate Hedge ETF | 30.40% | 35.06% | 15.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UJB ProShares Ultra High Yield | 2.97% | 3.92% | 0.05% | 0.31% | 2.88% | 3.95% | 3.22% | 2.67% | 2.36% | 3.62% | 0.30% |
Drawdowns
RATE vs. UJB - Drawdown Comparison
The maximum RATE drawdown since its inception was -28.48%, smaller than the maximum UJB drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for RATE and UJB. For additional features, visit the drawdowns tool.
Volatility
RATE vs. UJB - Volatility Comparison
Global X Interest Rate Hedge ETF (RATE) has a higher volatility of 9.37% compared to ProShares Ultra High Yield (UJB) at 2.06%. This indicates that RATE'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.