UJB vs. TMF
Compare and contrast key facts about ProShares Ultra High Yield (UJB) and Direxion Daily 20-Year Treasury Bull 3X (TMF).
UJB and TMF 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. TMF is a passively managed fund by Direxion that tracks the performance of the NYSE 20 Year Plus Treasury Bond Index (300%). It was launched on Apr 16, 2009. Both UJB and TMF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UJB or TMF.
Key characteristics
| UJB | TMF | |
|---|---|---|
| YTD Return | 10.46% | -30.21% |
| 1Y Return | 19.89% | -7.52% |
| 3Y Return (Ann) | 0.36% | -44.93% |
| 5Y Return (Ann) | 3.03% | -29.68% |
| 10Y Return (Ann) | 7.57% | -12.43% |
| Sharpe Ratio | 2.42 | -0.02 |
| Sortino Ratio | 3.59 | 0.28 |
| Omega Ratio | 1.44 | 1.03 |
| Calmar Ratio | 1.26 | -0.01 |
| Martin Ratio | 15.87 | -0.05 |
| Ulcer Index | 1.42% | 21.14% |
| Daily Std Dev | 9.28% | 44.41% |
| Max Drawdown | -40.14% | -92.18% |
| Current Drawdown | -1.04% | -90.87% |
Correlation
The correlation between UJB and TMF is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
UJB vs. TMF - Performance Comparison
In the year-to-date period, UJB achieves a 10.46% return, which is significantly higher than TMF's -30.21% return. Over the past 10 years, UJB has outperformed TMF with an annualized return of 7.57%, while TMF has yielded a comparatively lower -12.43% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UJB vs. TMF - Expense Ratio Comparison
UJB has a 1.27% expense ratio, which is higher than TMF's 1.09% expense ratio.
Risk-Adjusted Performance
UJB vs. TMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra High Yield (UJB) and Direxion Daily 20-Year Treasury Bull 3X (TMF). 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.
Dividends
UJB vs. TMF - Dividend Comparison
UJB's dividend yield for the trailing twelve months is around 2.99%, less than TMF's 3.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UJB ProShares Ultra High Yield | 2.99% | 3.92% | 0.05% | 0.31% | 2.88% | 3.95% | 3.22% | 2.67% | 2.36% | 3.62% | 0.30% | 0.00% |
TMF Direxion Daily 20-Year Treasury Bull 3X | 3.83% | 2.82% | 1.62% | 0.13% | 0.48% | 0.94% | 1.49% | 0.41% | 0.00% | 0.00% | 0.00% | 0.57% |
Drawdowns
UJB vs. TMF - Drawdown Comparison
The maximum UJB drawdown since its inception was -40.14%, smaller than the maximum TMF drawdown of -92.18%. Use the drawdown chart below to compare losses from any high point for UJB and TMF. For additional features, visit the drawdowns tool.
Volatility
UJB vs. TMF - Volatility Comparison
The current volatility for ProShares Ultra High Yield (UJB) is 2.25%, while Direxion Daily 20-Year Treasury Bull 3X (TMF) has a volatility of 14.97%. This indicates that UJB experiences smaller price fluctuations and is considered to be less risky than TMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.