SJB vs. PST
SJB (ProShares Short High Yield) and PST (ProShares UltraShort 7-10 Year Treasury) are both Inverse Bonds funds from ProShares - SJB tracks the iBoxx $ Liquid High Yield Index (-100%) while PST tracks the ICE U.S. Treasury 7-10 Year Bond Index. Both are passively managed. Over the past 10 years, SJB returned -3.52%/yr vs 2.91%/yr for PST. At a 0.01 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.
Performance
SJB vs. PST - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SJB achieves a 0.90% return, which is significantly lower than PST's 6.60% return. Over the past 10 years, SJB has underperformed PST with an annualized return of -3.52%, while PST has yielded a comparatively higher 2.91% annualized return.
SJB
- 1D
- 0.32%
- 1M
- 0.38%
- 6M
- 1.09%
- YTD
- 0.90%
- 1Y
- 0.37%
- 3Y*
- -1.62%
- 5Y*
- -0.24%
- 10Y*
- -3.52%
PST
- 1D
- 0.91%
- 1M
- 1.86%
- 6M
- 6.65%
- YTD
- 6.60%
- 1Y
- 3.69%
- 3Y*
- 5.39%
- 5Y*
- 10.37%
- 10Y*
- 2.91%
SJB vs. PST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SJB ProShares Short High Yield | 0.90% | -1.87% | -0.84% | -5.63% | 9.57% | -6.69% | -9.23% | -11.42% | 2.47% | -6.17% |
PST ProShares UltraShort 7-10 Year Treasury | 6.60% | -4.42% | 12.27% | 3.17% | 38.55% | 4.01% | -18.67% | -11.03% | 1.72% | -4.52% |
Correlation
The correlation between SJB and PST is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2011 | 0.01 |
Over the past year, SJB and PST have become more correlated (0.51) than their long-term average of 0.01, meaning their price movements have been converging.
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. PST — Risk / Return Rank
SJB
PST
SJB vs. PST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short High Yield (SJB) and ProShares UltraShort 7-10 Year Treasury (PST). 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 | PST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.07 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 0.54 | -0.40 |
| Martin ratioReturn relative to average drawdown | 0.27 | 0.96 | -0.69 |
Loading charts...
Drawdowns
SJB vs. PST - Drawdown Comparison
The maximum SJB drawdown since its inception was -58.06%, smaller than the maximum PST drawdown of -79.25%. Use the drawdown chart below to compare losses from any high point for SJB and PST.
Loading charts...
Drawdown Indicators
| SJB | PST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -79.25% | +21.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -6.90% | +4.16% |
Max Drawdown (3Y)Largest decline over 3 years | -10.54% | -16.19% | +5.65% |
Max Drawdown (5Y)Largest decline over 5 years | -13.30% | -16.19% | +2.89% |
Max Drawdown (10Y)Largest decline over 10 years | -32.86% | -36.07% | +3.21% |
Current DrawdownCurrent decline from peak | -57.33% | -63.43% | +6.10% |
Average DrawdownAverage peak-to-trough decline | -42.57% | -61.48% | +18.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 3.87% | -2.48% |
Volatility
SJB vs. PST - Volatility Comparison
The current volatility for ProShares Short High Yield (SJB) is 0.93%, while ProShares UltraShort 7-10 Year Treasury (PST) has a volatility of 3.07%. This indicates that SJB experiences smaller price fluctuations and is considered to be less risky than PST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SJB | PST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 3.07% | -2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.07% | 7.14% | -4.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.85% | 9.43% | -5.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.52% | 15.59% | -8.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.45% | 13.29% | -4.84% |
SJB vs. PST - Expense Ratio Comparison
Both SJB and PST have an expense ratio of 0.95%.
Dividends
SJB vs. PST - Dividend Comparison
SJB's dividend yield for the trailing twelve months is around 3.60%, more than PST's 2.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
PST ProShares UltraShort 7-10 Year Treasury | 2.81% | 3.47% | 3.61% | 3.69% | 0.02% | 0.00% | 0.11% | 1.85% | 0.66% |
SJB ProShares Short High Yield | 3.60% | 3.86% | 5.86% | 4.10% | 0.46% | 0.00% | 0.07% | 1.27% | 0.71% |
Frequently Asked Questions
SJB and PST 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.
PST has higher volatility (3.07%) compared to SJB (0.93%). In terms of maximum drawdown, SJB dropped -58.06% vs PST's -79.25%.
On 10-year performance, PST leads with 2.91% vs -3.52% for SJB. Both ETFs have the same 0.95% expense ratio. On volatility, SJB has been the lower-risk option at 0.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PST has performed better with a 2.91% return vs -3.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SJB and PST have the same expense ratio: 0.95% per year.
SJB has the higher dividend yield at 3.60%, compared with 2.81% for PST.
SJB tracks iBoxx $ Liquid High Yield Index (-100%), while PST tracks ICE U.S. Treasury 7-10 Year Bond Index.
PST currently has the higher Sharpe Ratio (0.39 vs 0.10), 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 PST
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