UJB vs. FALN
Compare and contrast key facts about ProShares Ultra High Yield (UJB) and iShares Fallen Angels USD Bond ETF (FALN).
UJB and FALN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UJB is a passively managed fund by ProShares that tracks the performance of the iBoxx $ Liquid High Yield Index (200%). It was launched on Apr 13, 2011. FALN is a passively managed fund by iShares that tracks the performance of the Bloomberg US High Yield Fallen Angel 3% Capped Index. It was launched on Jun 14, 2016. Both UJB and FALN 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
UJB vs. FALN - Performance Comparison
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UJB vs. FALN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UJB ProShares Ultra High Yield | -1.70% | 12.22% | 9.41% | 17.70% | -23.27% | 6.96% | 5.19% | 26.68% | -6.08% | 11.77% |
FALN iShares Fallen Angels USD Bond ETF | -1.06% | 8.92% | 7.68% | 13.47% | -13.79% | 5.40% | 14.85% | 17.42% | -4.97% | 8.70% |
Returns By Period
In the year-to-date period, UJB achieves a -1.70% return, which is significantly lower than FALN's -1.06% return.
UJB
- 1D
- 1.90%
- 1M
- -2.13%
- YTD
- -1.70%
- 6M
- -0.35%
- 1Y
- 8.89%
- 3Y*
- 10.23%
- 5Y*
- 2.83%
- 10Y*
- 6.73%
FALN
- 1D
- 1.04%
- 1M
- -2.55%
- YTD
- -1.06%
- 6M
- -0.67%
- 1Y
- 6.34%
- 3Y*
- 8.32%
- 5Y*
- 3.59%
- 10Y*
- —
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UJB vs. FALN - Expense Ratio Comparison
UJB has a 1.27% expense ratio, which is higher than FALN's 0.25% expense ratio.
Return for Risk
UJB vs. FALN — Risk / Return Rank
UJB
FALN
UJB vs. FALN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra High Yield (UJB) and iShares Fallen Angels USD Bond ETF (FALN). 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.
| UJB | FALN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 0.92 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.31 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.15 | +0.02 |
Martin ratioReturn relative to average drawdown | 5.81 | 4.96 | +0.85 |
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
| UJB | FALN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 0.92 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.50 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.72 | -0.39 |
Correlation
The correlation between UJB and FALN is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
UJB vs. FALN - Dividend Comparison
UJB's dividend yield for the trailing twelve months is around 3.44%, less than FALN's 6.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UJB ProShares Ultra High Yield | 3.44% | 2.61% | 3.02% | 3.92% | 0.05% | 0.63% | 2.88% | 3.95% | 3.22% | 2.67% | 2.35% | 3.62% |
FALN iShares Fallen Angels USD Bond ETF | 6.51% | 6.31% | 6.24% | 5.37% | 5.08% | 3.40% | 5.14% | 5.35% | 5.97% | 6.98% | 3.55% | 0.00% |
Drawdowns
UJB vs. FALN - Drawdown Comparison
The maximum UJB drawdown since its inception was -40.14%, which is greater than FALN's maximum drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for UJB and FALN.
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Drawdown Indicators
| UJB | FALN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.14% | -29.22% | -10.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -5.57% | -2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -30.14% | -18.78% | -11.36% |
Max Drawdown (10Y)Largest decline over 10 years | -40.14% | — | — |
Current DrawdownCurrent decline from peak | -2.92% | -2.83% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -6.23% | -3.37% | -2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 1.29% | +0.28% |
Volatility
UJB vs. FALN - Volatility Comparison
ProShares Ultra High Yield (UJB) has a higher volatility of 4.39% compared to iShares Fallen Angels USD Bond ETF (FALN) at 2.77%. This indicates that UJB's price experiences larger fluctuations and is considered to be riskier than FALN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UJB | FALN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 2.77% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 5.63% | 3.53% | +2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.87% | 6.90% | +3.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.63% | 7.28% | +7.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.52% | 9.01% | +9.51% |