SJB vs. TAIL
Compare and contrast key facts about ProShares Short High Yield (SJB) and Cambria Tail Risk ETF (TAIL).
SJB and TAIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SJB is a passively managed fund by ProShares that tracks the performance of the iBoxx $ Liquid High Yield Index (-100%). It was launched on Mar 21, 2011. TAIL is an actively managed fund by Cambria. It was launched on Apr 6, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SJB or TAIL.
Correlation
The correlation between SJB and TAIL is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SJB vs. TAIL - Performance Comparison
Key characteristics
SJB:
-0.65
TAIL:
-0.58
SJB:
-0.92
TAIL:
-0.81
SJB:
0.90
TAIL:
0.90
SJB:
-0.05
TAIL:
-0.13
SJB:
-0.86
TAIL:
-0.79
SJB:
3.16%
TAIL:
8.79%
SJB:
4.19%
TAIL:
11.98%
SJB:
-58.06%
TAIL:
-52.37%
SJB:
-57.33%
TAIL:
-51.85%
Returns By Period
In the year-to-date period, SJB achieves a -0.99% return, which is significantly higher than TAIL's -1.61% return.
SJB
-0.99%
-0.06%
-0.61%
-2.72%
-2.79%
-4.04%
TAIL
-1.61%
0.18%
-8.08%
-7.01%
-9.40%
N/A
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SJB vs. TAIL - Expense Ratio Comparison
SJB has a 0.95% expense ratio, which is higher than TAIL's 0.59% expense ratio.
Risk-Adjusted Performance
SJB vs. TAIL — Risk-Adjusted Performance Rank
SJB
TAIL
SJB vs. TAIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short High Yield (SJB) and Cambria Tail Risk ETF (TAIL). 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
SJB vs. TAIL - Dividend Comparison
SJB's dividend yield for the trailing twelve months is around 5.92%, more than TAIL's 3.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
SJB ProShares Short High Yield | 5.92% | 5.86% | 4.10% | 0.46% | 0.00% | 0.07% | 1.27% | 0.72% | 0.00% |
TAIL Cambria Tail Risk ETF | 3.53% | 3.47% | 3.73% | 1.50% | 0.49% | 0.36% | 1.58% | 1.52% | 0.91% |
Drawdowns
SJB vs. TAIL - Drawdown Comparison
The maximum SJB drawdown since its inception was -58.06%, which is greater than TAIL's maximum drawdown of -52.37%. Use the drawdown chart below to compare losses from any high point for SJB and TAIL. For additional features, visit the drawdowns tool.
Volatility
SJB vs. TAIL - Volatility Comparison
The current volatility for ProShares Short High Yield (SJB) is 0.90%, while Cambria Tail Risk ETF (TAIL) has a volatility of 2.49%. This indicates that SJB experiences smaller price fluctuations and is considered to be less risky than TAIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.