PortfoliosLab logoPortfoliosLab logo
UJB vs. TTT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

UJB vs. TTT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra High Yield (UJB) and UltraPro Short 20+ Year Treasury (TTT). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, UJB achieves a 1.07% return, which is significantly higher than TTT's 0.59% return. Over the past 10 years, UJB has outperformed TTT with an annualized return of 5.51%, while TTT has yielded a comparatively lower -0.85% annualized return.


UJB

1D
-0.12%
1M
0.61%
YTD
1.07%
6M
1.41%
1Y
7.39%
3Y*
12.18%
5Y*
2.81%
10Y*
5.51%

TTT

1D
-0.36%
1M
-6.09%
YTD
0.59%
6M
2.13%
1Y
-4.00%
3Y*
10.12%
5Y*
18.57%
10Y*
-0.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UJB vs. TTT - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
UJB
ProShares Ultra High Yield
1.07%12.22%9.41%17.70%-23.27%6.96%5.19%26.68%-6.08%11.77%
TTT
UltraPro Short 20+ Year Treasury
0.59%-7.89%38.07%-11.25%150.17%2.55%-54.12%-34.88%6.34%-25.87%

Correlation

The correlation between UJB and TTT is -0.46, 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

-0.46

Correlation (3Y)
Calculated over the trailing 3-year period

-0.53

Correlation (5Y)
Calculated over the trailing 5-year period

-0.40

Correlation (10Y)
Calculated over the trailing 10-year period

-0.16

Correlation (All Time)
Calculated using the full available price history since Mar 29, 2012

-0.10

Over the past year, the inverse relationship between UJB and TTT has strengthened: their correlation has moved from -0.10 to -0.46, meaning they now move in opposite directions more often than their long-term average.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Return for Risk

UJB vs. TTT — Risk / Return Rank

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

UJB
UJB Risk / Return Rank: 3232
Overall Rank
UJB Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
UJB Sortino Ratio Rank: 2929
Sortino Ratio Rank
UJB Omega Ratio Rank: 2929
Omega Ratio Rank
UJB Calmar Ratio Rank: 3131
Calmar Ratio Rank
UJB Martin Ratio Rank: 4141
Martin Ratio Rank

TTT
TTT Risk / Return Rank: 77
Overall Rank
TTT Sharpe Ratio Rank: 77
Sharpe Ratio Rank
TTT Sortino Ratio Rank: 77
Sortino Ratio Rank
TTT Omega Ratio Rank: 77
Omega Ratio Rank
TTT Calmar Ratio Rank: 77
Calmar Ratio Rank
TTT Martin Ratio Rank: 77
Martin Ratio Rank
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. TTT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra High Yield (UJB) and UltraPro Short 20+ Year Treasury (TTT). 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.


UJBTTTDifference
Sharpe ratioReturn per unit of total volatility

+1.15

Sortino ratioReturn per unit of downside risk

+1.52

Omega ratioGain probability vs. loss probability

1.19

1.00

+0.19

Calmar ratioReturn relative to maximum drawdown

1.48

-0.18

+1.66

Martin ratioReturn relative to average drawdown

6.23

-0.34

+6.56

UJB vs. TTT - Sharpe Ratio Comparison

The current UJB Sharpe Ratio is 1.01, which is higher than the TTT Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of UJB and TTT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


Loading charts...

Drawdowns

UJB vs. TTT - Drawdown Comparison

The maximum UJB drawdown since its inception was -40.14%, smaller than the maximum TTT drawdown of -94.00%. Use the drawdown chart below to compare losses from any high point for UJB and TTT.


Loading charts...

Drawdown Indicators


UJBTTTDifference

Max Drawdown

Largest peak-to-trough decline

-40.14%

-94.00%

+53.86%

Max Drawdown (1Y)

Largest decline over 1 year

-5.01%

-22.18%

+17.17%

Max Drawdown (3Y)

Largest decline over 3 years

-9.47%

-49.69%

+40.22%

Max Drawdown (5Y)

Largest decline over 5 years

-30.14%

-49.69%

+19.55%

Max Drawdown (10Y)

Largest decline over 10 years

-40.14%

-81.76%

+41.62%

Current Drawdown

Current decline from peak

-0.59%

-78.91%

+78.32%

Average Drawdown

Average peak-to-trough decline

-6.15%

-70.37%

+64.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.19%

11.89%

-10.70%

Volatility

UJB vs. TTT - Volatility Comparison

The current volatility for ProShares Ultra High Yield (UJB) is 1.96%, while UltraPro Short 20+ Year Treasury (TTT) has a volatility of 6.36%. This indicates that UJB experiences smaller price fluctuations and is considered to be less risky than TTT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


Loading charts...

Volatility by Period


UJBTTTDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.96%

6.36%

-4.40%

Volatility (6M)

Calculated over the trailing 6-month period

5.90%

19.77%

-13.87%

Volatility (1Y)

Calculated over the trailing 1-year period

7.37%

28.33%

-20.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.69%

47.02%

-32.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.02%

43.32%

-25.30%

UJB vs. TTT - Expense Ratio Comparison

Both UJB and TTT have an expense ratio of 0.95%.


Dividends

UJB vs. TTT - Dividend Comparison

UJB's dividend yield for the trailing twelve months is around 3.34%, less than TTT's 9.61% yield.


PositionTTM20252024202320222021202020192018201720162015
TTT
UltraPro Short 20+ Year Treasury
9.61%9.87%4.86%12.15%0.34%0.00%0.29%1.88%0.44%0.00%0.00%0.00%
UJB
ProShares Ultra High Yield
3.34%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 TTT have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TTT has higher volatility (6.36%) compared to UJB (1.96%). In terms of maximum drawdown, UJB dropped -40.14% vs TTT's -94.00%.

On 10-year performance, UJB leads with 5.51% vs -0.85% for TTT. Both ETFs have the same 0.95% expense ratio. On volatility, UJB has been the lower-risk option at 1.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, UJB has performed better with a 5.51% return vs -0.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

UJB and TTT have the same expense ratio: 0.95% per year.

TTT has the higher dividend yield at 9.61%, compared with 3.34% for UJB.

UJB tracks Markit iBoxx $ Liquid High Yield Index, while TTT tracks Barclays Capital U.S. 20+ Year Treasury Index (-300%).

UJB currently has the higher Sharpe Ratio (1.01 vs -0.14), 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.

Portfolio Optimizer

Find the right allocation for UJB and TTT

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer