SJB vs. TLT
Compare and contrast key facts about ProShares Short High Yield (SJB) and iShares 20+ Year Treasury Bond ETF (TLT).
SJB and TLT 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. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002. Both SJB and TLT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SJB or TLT.
Correlation
The correlation between SJB and TLT is 0.05, 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. TLT - Performance Comparison
Key characteristics
SJB:
-0.65
TLT:
-0.04
SJB:
-0.92
TLT:
0.04
SJB:
0.90
TLT:
1.00
SJB:
-0.05
TLT:
-0.01
SJB:
-0.86
TLT:
-0.09
SJB:
3.16%
TLT:
6.82%
SJB:
4.19%
TLT:
13.76%
SJB:
-58.06%
TLT:
-48.35%
SJB:
-57.33%
TLT:
-41.71%
Returns By Period
In the year-to-date period, SJB achieves a -0.99% return, which is significantly lower than TLT's 1.75% return. Over the past 10 years, SJB has underperformed TLT with an annualized return of -4.04%, while TLT has yielded a comparatively higher -1.15% annualized return.
SJB
-0.99%
-0.06%
-0.61%
-2.72%
-2.79%
-4.04%
TLT
1.75%
1.01%
-7.53%
0.03%
-7.42%
-1.15%
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SJB vs. TLT - Expense Ratio Comparison
SJB has a 0.95% expense ratio, which is higher than TLT's 0.15% expense ratio.
Risk-Adjusted Performance
SJB vs. TLT — Risk-Adjusted Performance Rank
SJB
TLT
SJB vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short High Yield (SJB) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
SJB's dividend yield for the trailing twelve months is around 5.92%, more than TLT's 4.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SJB ProShares Short High Yield | 5.92% | 5.86% | 4.10% | 0.46% | 0.00% | 0.07% | 1.27% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.24% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% |
Drawdowns
SJB vs. TLT - Drawdown Comparison
The maximum SJB drawdown since its inception was -58.06%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for SJB and TLT. For additional features, visit the drawdowns tool.
Volatility
SJB vs. TLT - Volatility Comparison
The current volatility for ProShares Short High Yield (SJB) is 0.90%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.81%. This indicates that SJB experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.