UJB vs. TYD
UJB (ProShares Ultra High Yield) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both Leveraged Bonds funds - UJB tracks the Markit iBoxx $ Liquid High Yield Index while TYD tracks the NYSE 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 10 years, UJB returned 5.79%/yr vs -5.67%/yr for TYD. Their 0.10 correlation means their historical movements had little consistent relationship. UJB charges 0.95%/yr vs 1.09%/yr for TYD.
Performance
UJB vs. TYD - Performance Comparison
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Returns By Period
In the year-to-date period, UJB achieves a 1.03% return, which is significantly higher than TYD's -9.55% return. Over the past 10 years, UJB has outperformed TYD with an annualized return of 5.79%, while TYD has yielded a comparatively lower -5.67% annualized return.
UJB
- 1D
- 0.58%
- 1M
- -0.40%
- 6M
- 0.07%
- YTD
- 1.03%
- 1Y
- 5.82%
- 3Y*
- 11.10%
- 5Y*
- 2.79%
- 10Y*
- 5.79%
- ALL TIME*
- 6.66%
TYD
- 1D
- 0.53%
- 1M
- -4.13%
- 6M
- -7.55%
- YTD
- -9.55%
- 1Y
- -8.36%
- 3Y*
- -3.71%
- 5Y*
- -15.05%
- 10Y*
- -5.67%
- ALL TIME*
- 0.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $422.10K | $413.29K | $510.67K | |
| $319.40K | $2.11M | $1.46M |
UJB vs. TYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UJB ProShares Ultra High Yield | 1.03% | 12.22% | 9.41% | 17.70% | -23.27% | 6.96% | 5.19% | 26.68% | -6.08% | 11.77% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -9.55% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
Correlation
The correlation between UJB and TYD is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2011 | 0.10 |
Over the past year, UJB and TYD have become more correlated (0.52) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
UJB vs. TYD — Risk / Return Rank
UJB
TYD
UJB vs. TYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra High Yield (UJB) and Direxion Daily 7-10 Year Treasury Bull 3X (TYD). 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.
| UJB | TYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.91 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | -0.58 | +1.75 |
| Martin ratioReturn relative to average drawdown | 4.79 | -1.24 | +6.03 |
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Drawdowns
UJB vs. TYD - Drawdown Comparison
The maximum UJB drawdown since its inception was -40.14%, smaller than the maximum TYD drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for UJB and TYD.
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Drawdown Indicators
| UJB | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.14% | -64.28% | +24.14% |
Max Drawdown (1Y)Largest decline over 1 year | -5.01% | -14.41% | +9.40% |
Max Drawdown (3Y)Largest decline over 3 years | -9.47% | -22.32% | +12.85% |
Max Drawdown (5Y)Largest decline over 5 years | -30.14% | -59.35% | +29.21% |
Max Drawdown (10Y)Largest decline over 10 years | -40.14% | -64.28% | +24.14% |
Current DrawdownCurrent decline from peak | -0.73% | -60.69% | +59.96% |
Average DrawdownAverage peak-to-trough decline | -6.11% | -22.30% | +16.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 6.75% | -5.53% |
Volatility
UJB vs. TYD - Volatility Comparison
The current volatility for ProShares Ultra High Yield (UJB) is 1.67%, while Direxion Daily 7-10 Year Treasury Bull 3X (TYD) has a volatility of 3.51%. This indicates that UJB experiences smaller price fluctuations and is considered to be less risky than TYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UJB | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 3.51% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 6.03% | 10.39% | -4.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.37% | 13.25% | -5.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.67% | 22.92% | -8.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.58% | 20.17% | -2.59% |
UJB vs. TYD - Expense Ratio Comparison
UJB has a 0.95% expense ratio, which is lower than TYD's 1.09% expense ratio.
Dividends
UJB vs. TYD - Dividend Comparison
UJB's dividend yield for the trailing twelve months is around 3.20%, less than TYD's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.41% | 2.97% | 3.10% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.65% |
UJB ProShares Ultra High Yield | 3.20% | 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 TYD have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TYD has higher volatility (3.51%) compared to UJB (1.67%). In terms of maximum drawdown, UJB dropped -40.14% vs TYD's -64.28%.
On 10-year performance, UJB leads with 5.79% vs -5.67% for TYD. On fees, UJB is cheaper at 0.95% per year. On volatility, UJB has been the lower-risk option at 1.67%. 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 5.79% return vs -5.67%. 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 1.09% for TYD.
TYD has the higher dividend yield at 3.41%, compared with 3.20% for UJB.
UJB tracks Markit iBoxx $ Liquid High Yield Index, while TYD tracks NYSE 7-10 Year Treasury Bond Index. They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for UJB and 1.09% for TYD.
UJB currently has the higher Sharpe Ratio (0.80 vs -0.63), 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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