SJB vs. ASEA
SJB (ProShares Short High Yield) and ASEA (Global X FTSE Southeast Asia ETF) are both exchange-traded funds - SJB is a Inverse Bonds fund tracking the iBoxx $ Liquid High Yield Index (-100%), while ASEA is a Asia Pacific Equities fund tracking the FTSE/ASEAN 40 Index. Both are passively managed. Over the past 10 years, SJB returned -3.97%/yr vs 7.65%/yr for ASEA. At a correlation of -0.50, they often move in opposite directions. SJB charges 0.95%/yr vs 0.65%/yr for ASEA.
Performance
SJB vs. ASEA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SJB achieves a -0.44% return, which is significantly lower than ASEA's 8.57% return. Over the past 10 years, SJB has underperformed ASEA with an annualized return of -3.97%, while ASEA has yielded a comparatively higher 7.65% annualized return.
SJB
- 1D
- -1.17%
- 1M
- -1.33%
- YTD
- -0.44%
- 6M
- -0.44%
- 1Y
- -0.99%
- 3Y*
- -2.61%
- 5Y*
- -0.59%
- 10Y*
- -3.97%
ASEA
- 1D
- -0.75%
- 1M
- -0.10%
- YTD
- 8.57%
- 6M
- 7.87%
- 1Y
- 26.09%
- 3Y*
- 14.86%
- 5Y*
- 10.26%
- 10Y*
- 7.65%
SJB vs. ASEA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SJB ProShares Short High Yield | -0.44% | -1.87% | -0.84% | -5.63% | 9.57% | -6.69% | -9.23% | -11.42% | 2.47% | -6.17% |
ASEA Global X FTSE Southeast Asia ETF | 8.57% | 19.80% | 9.82% | 4.88% | 5.24% | 4.66% | -7.88% | 8.34% | -7.58% | 35.06% |
Correlation
The correlation between SJB and ASEA is -0.51, 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 | -0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.48 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2011 | -0.50 |
The correlation between SJB and ASEA has been stable across timeframes, ranging from -0.51 to -0.48 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SJB vs. ASEA — Risk / Return Rank
SJB
ASEA
SJB vs. ASEA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short High Yield (SJB) and Global X FTSE Southeast Asia ETF (ASEA). 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.
| SJB | ASEA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.07 | ||
| Sortino ratioReturn per unit of downside risk | -2.96 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.33 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 3.16 | -3.46 |
| Martin ratioReturn relative to average drawdown | -0.76 | 8.48 | -9.23 |
Loading charts...
Drawdowns
SJB vs. ASEA - Drawdown Comparison
The maximum SJB drawdown since its inception was -58.06%, which is greater than ASEA's maximum drawdown of -44.16%. Use the drawdown chart below to compare losses from any high point for SJB and ASEA.
Loading charts...
Drawdown Indicators
| SJB | ASEA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -44.16% | -13.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | -8.28% | +4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -10.54% | -22.20% | +11.66% |
Max Drawdown (5Y)Largest decline over 5 years | -13.30% | -22.20% | +8.90% |
Max Drawdown (10Y)Largest decline over 10 years | -34.57% | -44.16% | +9.59% |
Current DrawdownCurrent decline from peak | -57.90% | -3.63% | -54.27% |
Average DrawdownAverage peak-to-trough decline | -42.52% | -10.63% | -31.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 3.09% | -1.78% |
Volatility
SJB vs. ASEA - Volatility Comparison
The current volatility for ProShares Short High Yield (SJB) is 1.58%, while Global X FTSE Southeast Asia ETF (ASEA) has a volatility of 4.56%. This indicates that SJB experiences smaller price fluctuations and is considered to be less risky than ASEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SJB | ASEA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 4.56% | -2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 3.25% | 11.64% | -8.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 14.40% | -10.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.54% | 14.73% | -7.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.50% | 17.53% | -9.03% |
SJB vs. ASEA - Expense Ratio Comparison
SJB has a 0.95% expense ratio, which is higher than ASEA's 0.65% expense ratio.
Dividends
SJB vs. ASEA - Dividend Comparison
SJB's dividend yield for the trailing twelve months is around 3.47%, less than ASEA's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASEA Global X FTSE Southeast Asia ETF | 3.64% | 3.95% | 3.61% | 3.76% | 2.23% | 4.19% | 2.27% | 2.51% | 3.08% | 1.59% | 2.78% | 3.64% |
SJB ProShares Short High Yield | 3.47% | 3.86% | 5.86% | 4.10% | 0.46% | 0.00% | 0.07% | 1.27% | 0.71% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SJB and ASEA have a correlation of -0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASEA has higher volatility (4.56%) compared to SJB (1.58%). In terms of maximum drawdown, SJB dropped -58.06% vs ASEA's -44.16%.
On 10-year performance, ASEA leads with 7.65% vs -3.97% for SJB. On fees, ASEA is cheaper at 0.65% per year. On volatility, SJB has been the lower-risk option at 1.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ASEA has performed better with a 7.65% return vs -3.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ASEA is cheaper with a 0.65% expense ratio, compared with 0.95% for SJB.
ASEA has the higher dividend yield at 3.64%, compared with 3.47% for SJB.
SJB is categorized as Inverse Bonds, while ASEA is Asia Pacific Equities. SJB tracks iBoxx $ Liquid High Yield Index (-100%), while ASEA tracks FTSE/ASEAN 40 Index. They also come from different issuers: ProShares and Global X. Their fees differ too: 0.95% for SJB and 0.65% for ASEA.
ASEA currently has the higher Sharpe Ratio (1.83 vs -0.25), 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.
Find the right allocation for SJB and ASEA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer