TSYW vs. UJB

Last updated Jun 4, 2026

TSYW (Roundhill Treasury Bond WeeklyPay ETF) and UJB (ProShares Ultra High Yield) are both Leveraged Bonds funds. TSYW is actively managed, while UJB is passively managed. A 0.57 correlation means they provide meaningful diversification when combined. TSYW charges 0.99%/yr vs 0.95%/yr for UJB.

Performance

TSYW vs. UJB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Treasury Bond WeeklyPay ETF (TSYW) and ProShares Ultra High Yield (UJB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSYW achieves a -2.14% return, which is significantly lower than UJB's 0.81% return.

TSYW

• 1D: -0.50%
• 1M: 0.63%
• YTD: -2.14%
• 6M: -4.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UJB

• 1D: -0.45%
• 1M: 0.33%
• YTD: 0.81%
• 6M: 1.28%
• 1Y: 8.44%
• 3Y*: 11.49%
• 5Y*: 3.01%
• 10Y*: 6.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TSYW vs. UJB - Yearly Performance Comparison

	2026 (YTD)	2025
TSYW Roundhill Treasury Bond WeeklyPay ETF	-2.14%	-2.56%
UJB ProShares Ultra High Yield	0.81%	2.45%

Correlation

The correlation between TSYW and UJB is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 14, 2025	0.57

Return for Risk

TSYW vs. UJB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UJB

UJB Risk / Return Rank: 35
UJB Sharpe Ratio Rank: 32
UJB Sortino Ratio Rank: 32
UJB Omega Ratio Rank: 32
UJB Calmar Ratio Rank: 34
UJB Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSYW vs. UJB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Treasury Bond WeeklyPay ETF (TSYW) and ProShares Ultra High Yield (UJB). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TSYW	UJB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.16	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.21	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.78	0.33	-1.11

Drawdowns

TSYW vs. UJB - Drawdown Comparison

The maximum TSYW drawdown since its inception was -9.79%, smaller than the maximum UJB drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for TSYW and UJB.

Drawdown Indicators

	TSYW	UJB	Difference
Max Drawdown Largest peak-to-trough decline	-9.79%	-40.14%	+30.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-9.47%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.14%	—
Current Drawdown Current decline from peak	-6.51%	-0.85%	-5.66%
Average Drawdown Average peak-to-trough decline	-3.99%	-6.17%	+2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.17%	—

Volatility

Volatility by Period

	TSYW	UJB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.76%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.78%	7.29%	+3.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.78%	14.67%	-3.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.78%	18.28%	-7.50%

TSYW vs. UJB - Expense Ratio Comparison

TSYW has a 0.99% expense ratio, which is higher than UJB's 0.95% expense ratio.

Dividends

TSYW vs. UJB - Dividend Comparison

TSYW's dividend yield for the trailing twelve months is around 7.44%, more than UJB's 3.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TSYW Roundhill Treasury Bond WeeklyPay ETF	7.44%	1.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UJB ProShares Ultra High Yield	3.35%	2.61%	3.02%	3.92%	0.05%	0.63%	2.88%	3.95%	3.22%	2.67%	2.35%	3.62%

Frequently Asked Questions

Can I hold both TSYW and UJB in my portfolio?

TSYW and UJB have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSYW or UJB?

On fees, UJB is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSYW or UJB?

UJB is cheaper with a 0.95% expense ratio, compared with 0.99% for TSYW.

Which ETF pays a higher dividend yield, TSYW or UJB?

TSYW has the higher dividend yield at 7.44%, compared with 3.35% for UJB.

What is the main difference between TSYW and UJB?

They also come from different issuers: Roundhill and ProShares. Their fees differ too: 0.99% for TSYW and 0.95% for UJB.