UJB vs. TSYW

Last updated Jun 4, 2026

UJB (ProShares Ultra High Yield) and TSYW (Roundhill Treasury Bond WeeklyPay ETF) are both Leveraged Bonds funds. UJB is passively managed, while TSYW is actively managed. A 0.57 correlation means they provide meaningful diversification when combined. UJB charges 0.95%/yr vs 0.99%/yr for TSYW.

Performance

UJB vs. TSYW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra High Yield (UJB) and Roundhill Treasury Bond WeeklyPay ETF (TSYW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UJB achieves a 0.81% return, which is significantly higher than TSYW's -2.14% 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%

TSYW

• 1D: -0.50%
• 1M: 0.63%
• YTD: -2.14%
• 6M: -4.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UJB vs. TSYW - Yearly Performance Comparison

	2026 (YTD)	2025
UJB ProShares Ultra High Yield	0.81%	2.45%
TSYW Roundhill Treasury Bond WeeklyPay ETF	-2.14%	-2.56%

Correlation

The correlation between UJB and TSYW is 0.57, 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 14, 2025	0.57

Return for Risk

UJB vs. TSYW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UJB

UJB Risk / Return Rank: 35
UJB Sharpe Ratio Rank: 32
UJB Sortino Ratio Rank: 32
UJB Omega Ratio Rank: 32
UJB Calmar Ratio Rank: 34
UJB Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UJB vs. TSYW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra High Yield (UJB) and Roundhill Treasury Bond WeeklyPay ETF (TSYW). 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	TSYW	Difference
Sharpe ratio Return per unit of total volatility	1.16	—	—
Sortino ratio Return per unit of downside risk	1.74	—	—
Omega ratio Gain probability vs. loss probability	1.22	—	—
Calmar ratio Return relative to maximum drawdown	1.69	—	—
Martin ratio Return relative to average drawdown	7.20	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	UJB	TSYW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	—	—
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	-0.78	+1.11

Drawdowns

UJB vs. TSYW - Drawdown Comparison

The maximum UJB drawdown since its inception was -40.14%, which is greater than TSYW's maximum drawdown of -9.79%. Use the drawdown chart below to compare losses from any high point for UJB and TSYW.

Drawdown Indicators

	UJB	TSYW	Difference
Max Drawdown Largest peak-to-trough decline	-40.14%	-9.79%	-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 Drawdown Current decline from peak	-0.85%	-6.51%	+5.66%
Average Drawdown Average peak-to-trough decline	-6.17%	-3.99%	-2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	—	—

Volatility

Volatility by Period

	UJB	TSYW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.29%	10.78%	-3.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.67%	10.78%	+3.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.28%	10.78%	+7.50%

UJB vs. TSYW - Expense Ratio Comparison

UJB has a 0.95% expense ratio, which is lower than TSYW's 0.99% expense ratio.

Dividends

UJB vs. TSYW - Dividend Comparison

UJB's dividend yield for the trailing twelve months is around 3.35%, less than TSYW's 7.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TSYW Roundhill Treasury Bond WeeklyPay ETF	7.44%	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	3.35%	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

Can I hold both UJB and TSYW in my portfolio?

UJB and TSYW have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UJB or TSYW?

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.

Which ETF is cheaper, UJB or TSYW?

UJB is cheaper with a 0.95% expense ratio, compared with 0.99% for TSYW.

Which ETF pays a higher dividend yield, UJB or TSYW?

TSYW has the higher dividend yield at 7.44%, compared with 3.35% for UJB.

What is the main difference between UJB and TSYW?

They also come from different issuers: ProShares and Roundhill. Their fees differ too: 0.95% for UJB and 0.99% for TSYW.