UJB vs. BITU
UJB (ProShares Ultra High Yield) and BITU (Proshares Ultra Bitcoin ETF) are both exchange-traded funds - UJB is a Leveraged Bonds fund tracking the Markit iBoxx $ Liquid High Yield Index, while BITU is a Cryptocurrency fund tracking the Bloomberg Bitcoin Index - Benchmark TR Gross. Both are passively managed. Over the past year, UJB returned 6.23% vs -80.42% for BITU. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.
Performance
UJB vs. BITU - Performance Comparison
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Returns By Period
In the year-to-date period, UJB achieves a 0.83% return, which is significantly higher than BITU's -58.86% return.
UJB
- 1D
- -0.46%
- 1M
- -0.38%
- 6M
- 0.04%
- YTD
- 0.83%
- 1Y
- 6.23%
- 3Y*
- 10.82%
- 5Y*
- 2.64%
- 10Y*
- 5.85%
BITU
- 1D
- -5.16%
- 1M
- -6.57%
- 6M
- -62.01%
- YTD
- -58.86%
- 1Y
- -80.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UJB vs. BITU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UJB ProShares Ultra High Yield | 0.83% | 12.22% | 8.71% |
BITU Proshares Ultra Bitcoin ETF | -58.86% | -37.07% | 41.85% |
Correlation
The correlation between UJB and BITU is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | 0.38 |
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Return for Risk
UJB vs. BITU — Risk / Return Rank
UJB
BITU
UJB vs. BITU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra High Yield (UJB) and Proshares Ultra Bitcoin ETF (BITU). 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.
| UJB | BITU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.77 | ||
| Sortino ratioReturn per unit of downside risk | +3.16 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.80 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | -0.97 | +2.21 |
| Martin ratioReturn relative to average drawdown | 5.27 | -1.43 | +6.70 |
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Drawdowns
UJB vs. BITU - Drawdown Comparison
The maximum UJB drawdown since its inception was -40.14%, smaller than the maximum BITU drawdown of -83.45%. Use the drawdown chart below to compare losses from any high point for UJB and BITU.
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Drawdown Indicators
| UJB | BITU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.14% | -83.45% | +43.31% |
Max Drawdown (1Y)Largest decline over 1 year | -5.01% | -83.45% | +78.44% |
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 | -0.93% | -81.60% | +80.67% |
Average DrawdownAverage peak-to-trough decline | -6.13% | -36.56% | +30.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 56.22% | -55.04% |
Volatility
UJB vs. BITU - Volatility Comparison
The current volatility for ProShares Ultra High Yield (UJB) is 1.59%, while Proshares Ultra Bitcoin ETF (BITU) has a volatility of 22.54%. This indicates that UJB experiences smaller price fluctuations and is considered to be less risky than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UJB | BITU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 22.54% | -20.95% |
Volatility (6M)Calculated over the trailing 6-month period | 5.91% | 70.09% | -64.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.28% | 88.23% | -80.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.68% | 96.86% | -82.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.69% | 96.86% | -79.17% |
UJB vs. BITU - Expense Ratio Comparison
Both UJB and BITU have an expense ratio of 0.95%.
Dividends
UJB vs. BITU - Dividend Comparison
UJB's dividend yield for the trailing twelve months is around 3.20%, less than BITU's 93.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 93.76% | 50.23% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UJB ProShares Ultra High Yield | 3.20% | 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
UJB and BITU have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITU has higher volatility (22.54%) compared to UJB (1.59%). In terms of maximum drawdown, UJB dropped -40.14% vs BITU's -83.45%.
On 1-year performance, UJB leads with 6.23% vs -80.42% for BITU. Both ETFs have the same 0.95% expense ratio. On volatility, UJB has been the lower-risk option at 1.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UJB has performed better with a 6.23% return vs -80.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UJB and BITU have the same expense ratio: 0.95% per year.
BITU has the higher dividend yield at 93.76%, compared with 3.20% for UJB.
UJB is categorized as Leveraged Bonds, while BITU is Cryptocurrency. UJB tracks Markit iBoxx $ Liquid High Yield Index, while BITU tracks Bloomberg Bitcoin Index - Benchmark TR Gross.
UJB currently has the higher Sharpe Ratio (0.86 vs -0.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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