SJB vs. USD
Compare and contrast key facts about ProShares Short High Yield (SJB) and ProShares Ultra Semiconductors (USD).
SJB and USD 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. USD is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (200%). It was launched on Jan 30, 2007. Both SJB and USD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SJB vs. USD - Performance Comparison
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SJB vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SJB ProShares Short High Yield | 1.66% | -1.87% | -0.84% | -5.63% | 9.57% | -6.69% | -9.23% | -11.42% | 2.47% | -6.17% |
USD ProShares Ultra Semiconductors | -4.90% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
Returns By Period
In the year-to-date period, SJB achieves a 1.66% return, which is significantly higher than USD's -4.90% return. Over the past 10 years, SJB has underperformed USD with an annualized return of -4.14%, while USD has yielded a comparatively higher 50.62% annualized return.
SJB
- 1D
- -0.10%
- 1M
- 1.13%
- YTD
- 1.66%
- 6M
- 2.17%
- 1Y
- -0.41%
- 3Y*
- -1.32%
- 5Y*
- -0.66%
- 10Y*
- -4.14%
USD
- 1D
- 4.03%
- 1M
- -7.90%
- YTD
- -4.90%
- 6M
- -1.21%
- 1Y
- 145.25%
- 3Y*
- 90.90%
- 5Y*
- 44.58%
- 10Y*
- 50.62%
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SJB vs. USD - Expense Ratio Comparison
Both SJB and USD have an expense ratio of 0.95%.
Return for Risk
SJB vs. USD — Risk / Return Rank
SJB
USD
SJB vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short High Yield (SJB) and ProShares Ultra Semiconductors (USD). 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.
| SJB | USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.07 | 1.90 | -1.97 |
Sortino ratioReturn per unit of downside risk | -0.06 | 2.44 | -2.50 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.34 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | -0.10 | 4.67 | -4.77 |
Martin ratioReturn relative to average drawdown | -0.13 | 12.81 | -12.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SJB | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | 1.90 | -1.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.59 | -0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.49 | 0.74 | -1.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.60 | 0.41 | -1.01 |
Correlation
The correlation between SJB and USD is -0.53. 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.
Dividends
SJB vs. USD - Dividend Comparison
SJB's dividend yield for the trailing twelve months is around 3.40%, more than USD's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SJB ProShares Short High Yield | 3.40% | 3.86% | 5.86% | 4.10% | 0.46% | 0.00% | 0.07% | 1.27% | 0.71% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.48% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Drawdowns
SJB vs. USD - Drawdown Comparison
The maximum SJB drawdown since its inception was -58.06%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for SJB and USD.
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Drawdown Indicators
| SJB | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.06% | -88.63% | +30.57% |
Max Drawdown (1Y)Largest decline over 1 year | -6.35% | -31.80% | +25.45% |
Max Drawdown (5Y)Largest decline over 5 years | -13.30% | -77.85% | +64.55% |
Max Drawdown (10Y)Largest decline over 10 years | -36.52% | -77.85% | +41.33% |
Current DrawdownCurrent decline from peak | -57.01% | -21.24% | -35.77% |
Average DrawdownAverage peak-to-trough decline | -42.30% | -32.60% | -9.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 11.60% | -6.44% |
Volatility
SJB vs. USD - Volatility Comparison
The current volatility for ProShares Short High Yield (SJB) is 2.25%, while ProShares Ultra Semiconductors (USD) has a volatility of 21.67%. This indicates that SJB experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SJB | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 21.67% | -19.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.90% | 48.73% | -45.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.69% | 77.08% | -71.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.50% | 76.24% | -68.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.54% | 68.85% | -60.31% |