SJB vs. VOO
Compare and contrast key facts about ProShares Short High Yield (SJB) and Vanguard S&P 500 ETF (VOO).
SJB and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both SJB and VOO 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 VOO.
Correlation
The correlation between SJB and VOO is -0.69. 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.
Performance
SJB vs. VOO - Performance Comparison
Key characteristics
SJB:
-0.55
VOO:
1.88
SJB:
-0.78
VOO:
2.53
SJB:
0.92
VOO:
1.35
SJB:
-0.04
VOO:
2.81
SJB:
-0.74
VOO:
11.78
SJB:
3.15%
VOO:
2.02%
SJB:
4.19%
VOO:
12.67%
SJB:
-58.06%
VOO:
-33.99%
SJB:
-57.27%
VOO:
0.00%
Returns By Period
In the year-to-date period, SJB achieves a -0.87% return, which is significantly lower than VOO's 4.61% return. Over the past 10 years, SJB has underperformed VOO with an annualized return of -4.04%, while VOO has yielded a comparatively higher 13.30% annualized return.
SJB
-0.87%
-0.19%
-0.34%
-2.43%
-2.77%
-4.04%
VOO
4.61%
2.59%
10.08%
25.10%
14.79%
13.30%
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SJB vs. VOO - Expense Ratio Comparison
SJB has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
SJB vs. VOO — Risk-Adjusted Performance Rank
SJB
VOO
SJB vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short High Yield (SJB) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
SJB's dividend yield for the trailing twelve months is around 5.92%, more than VOO's 1.19% 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% |
VOO Vanguard S&P 500 ETF | 1.19% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
SJB vs. VOO - Drawdown Comparison
The maximum SJB drawdown since its inception was -58.06%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SJB and VOO. For additional features, visit the drawdowns tool.
Volatility
SJB vs. VOO - Volatility Comparison
The current volatility for ProShares Short High Yield (SJB) is 0.93%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.01%. This indicates that SJB experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.