TSYW vs. UJB
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 0.56 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
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Returns By Period
In the year-to-date period, TSYW achieves a -3.24% return, which is significantly lower than UJB's 1.30% return.
TSYW
- 1D
- -0.09%
- 1M
- -1.54%
- 6M
- -3.84%
- YTD
- -3.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UJB
- 1D
- -0.15%
- 1M
- 0.09%
- 6M
- 0.53%
- YTD
- 1.30%
- 1Y
- 6.72%
- 3Y*
- 11.48%
- 5Y*
- 2.66%
- 10Y*
- 5.63%
TSYW vs. UJB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSYW Roundhill Treasury Bond WeeklyPay ETF | -3.24% | -3.37% |
UJB ProShares Ultra High Yield | 1.30% | 1.55% |
Correlation
The correlation between TSYW and UJB is 0.56, 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 13, 2025 | 0.56 |
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Return for Risk
TSYW vs. UJB — Risk / Return Rank
TSYW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UJB
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TSYW | UJB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.27 | — |
| Martin ratioReturn relative to average drawdown | — | 5.38 | — |
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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.
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Drawdown Indicators
| TSYW | UJB | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -7.56% | -0.47% | -7.09% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -6.13% | +1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.18% | — |
Volatility
TSYW vs. UJB - Volatility Comparison
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Volatility by Period
| TSYW | UJB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.56% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.89% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.90% | 7.27% | +3.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.90% | 14.68% | -3.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.90% | 17.84% | -6.94% |
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 8.92%, more than UJB's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSYW Roundhill Treasury Bond WeeklyPay ETF | 8.92% | 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 | 3.19% | 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
TSYW and UJB have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
UJB is cheaper with a 0.95% expense ratio, compared with 0.99% for TSYW.
TSYW has the higher dividend yield at 8.92%, compared with 3.19% for UJB.
They also come from different issuers: Roundhill and ProShares. Their fees differ too: 0.99% for TSYW and 0.95% for UJB.
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