UJB vs. NVDQ
UJB (ProShares Ultra High Yield) and NVDQ (T-Rex 2X Inverse NVIDIA Daily Target ETF) are both exchange-traded funds - UJB is a Leveraged Bonds fund tracking the Markit iBoxx $ Liquid High Yield Index, while NVDQ is a Inverse Equities fund actively managed by T-Rex. UJB is passively managed, while NVDQ is actively managed. Over the past year, UJB returned 8.44% vs -68.82% for NVDQ. At a correlation of -0.32, they often move in opposite directions. UJB charges 0.95%/yr vs 1.05%/yr for NVDQ.
Performance
UJB vs. NVDQ - Performance Comparison
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Returns By Period
In the year-to-date period, UJB achieves a 0.81% return, which is significantly higher than NVDQ's -36.13% return.
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%
NVDQ
- 1D
- 7.09%
- 1M
- -18.40%
- YTD
- -36.13%
- 6M
- -41.91%
- 1Y
- -68.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UJB vs. NVDQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UJB ProShares Ultra High Yield | 0.81% | 12.22% | 9.41% | 18.36% |
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF | -36.13% | -74.63% | -93.80% | -30.70% |
Correlation
The correlation between UJB and NVDQ is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2023 | -0.32 |
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Return for Risk
UJB vs. NVDQ — Risk / Return Rank
UJB
NVDQ
UJB vs. NVDQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra High Yield (UJB) and T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ). 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 | NVDQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.18 | ||
| Sortino ratioReturn per unit of downside risk | +3.56 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.80 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | -0.94 | +2.63 |
| Martin ratioReturn relative to average drawdown | 7.20 | -1.42 | +8.62 |
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 | NVDQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | -1.02 | +2.18 |
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 | 0.33 | -0.89 | +1.22 |
Drawdowns
UJB vs. NVDQ - Drawdown Comparison
The maximum UJB drawdown since its inception was -40.14%, smaller than the maximum NVDQ drawdown of -99.45%. Use the drawdown chart below to compare losses from any high point for UJB and NVDQ.
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Drawdown Indicators
| UJB | NVDQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.14% | -99.45% | +59.31% |
Max Drawdown (1Y)Largest decline over 1 year | -5.01% | -73.67% | +68.66% |
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 | -0.85% | -99.35% | +98.50% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -88.21% | +82.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 48.57% | -47.40% |
Volatility
UJB vs. NVDQ - Volatility Comparison
The current volatility for ProShares Ultra High Yield (UJB) is 2.29%, while T-Rex 2X Inverse NVIDIA Daily Target ETF (NVDQ) has a volatility of 25.84%. This indicates that UJB experiences smaller price fluctuations and is considered to be less risky than NVDQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UJB | NVDQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.29% | 25.84% | -23.55% |
Volatility (6M)Calculated over the trailing 6-month period | 5.76% | 51.78% | -46.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.29% | 67.86% | -60.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.67% | 95.52% | -80.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.28% | 95.52% | -77.24% |
UJB vs. NVDQ - Expense Ratio Comparison
UJB has a 0.95% expense ratio, which is lower than NVDQ's 1.05% expense ratio.
Dividends
UJB vs. NVDQ - Dividend Comparison
UJB's dividend yield for the trailing twelve months is around 3.35%, more than NVDQ's 0.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDQ T-Rex 2X Inverse NVIDIA Daily Target ETF | 0.41% | 0.26% | 4.59% | 11.60% | 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
UJB and NVDQ have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDQ has higher volatility (25.84%) compared to UJB (2.29%). In terms of maximum drawdown, UJB dropped -40.14% vs NVDQ's -99.45%.
On 1-year performance, UJB leads with 8.44% vs -68.82% for NVDQ. On fees, UJB is cheaper at 0.95% per year. On volatility, UJB has been the lower-risk option at 2.29%. 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 8.44% return vs -68.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UJB is cheaper with a 0.95% expense ratio, compared with 1.05% for NVDQ.
UJB has the higher dividend yield at 3.35%, compared with 0.41% for NVDQ.
UJB is categorized as Leveraged Bonds, while NVDQ is Inverse Equities. They also come from different issuers: ProShares and T-Rex. Their fees differ too: 0.95% for UJB and 1.05% for NVDQ.
UJB currently has the higher Sharpe Ratio (1.16 vs -1.02), 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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