UJB vs. USD
Compare and contrast key facts about ProShares Ultra High Yield (UJB) and ProShares Ultra Semiconductors (USD).
UJB and USD 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. USD is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (200%). It was launched on Jan 30, 2007. Both UJB and USD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UJB vs. USD - Performance Comparison
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UJB vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UJB ProShares Ultra High Yield | -1.29% | 12.22% | 9.41% | 17.70% | -23.27% | 6.96% | 5.19% | 26.68% | -6.08% | 11.77% |
USD ProShares Ultra Semiconductors | -4.90% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
Returns By Period
In the year-to-date period, UJB achieves a -1.29% return, which is significantly higher than USD's -4.90% return. Over the past 10 years, UJB has underperformed USD with an annualized return of 6.78%, while USD has yielded a comparatively higher 50.62% annualized return.
UJB
- 1D
- 0.42%
- 1M
- -1.73%
- YTD
- -1.29%
- 6M
- -0.22%
- 1Y
- 8.83%
- 3Y*
- 10.38%
- 5Y*
- 2.91%
- 10Y*
- 6.78%
USD
- 1D
- 4.03%
- 1M
- -7.90%
- YTD
- -4.90%
- 6M
- -1.21%
- 1Y
- 145.25%
- 3Y*
- 90.90%
- 5Y*
- 44.58%
- 10Y*
- 50.62%
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UJB vs. USD - Expense Ratio Comparison
UJB has a 1.27% expense ratio, which is higher than USD's 0.95% expense ratio.
Return for Risk
UJB vs. USD — Risk / Return Rank
UJB
USD
UJB vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra High Yield (UJB) and ProShares Ultra Semiconductors (USD). 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 | USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.82 | 1.90 | -1.08 |
Sortino ratioReturn per unit of downside risk | 1.26 | 2.44 | -1.18 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.34 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 4.67 | -3.48 |
Martin ratioReturn relative to average drawdown | 5.92 | 12.81 | -6.89 |
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 | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 1.90 | -1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.59 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.74 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.41 | -0.08 |
Correlation
The correlation between UJB and USD is 0.36, 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.
Dividends
UJB vs. USD - Dividend Comparison
UJB's dividend yield for the trailing twelve months is around 3.42%, more than USD's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UJB ProShares Ultra High Yield | 3.42% | 2.61% | 3.02% | 3.92% | 0.05% | 0.63% | 2.88% | 3.95% | 3.22% | 2.67% | 2.35% | 3.62% |
USD ProShares Ultra Semiconductors | 0.48% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Drawdowns
UJB vs. USD - Drawdown Comparison
The maximum UJB drawdown since its inception was -40.14%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for UJB and USD.
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Drawdown Indicators
| UJB | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.14% | -88.63% | +48.49% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -31.80% | +23.94% |
Max Drawdown (5Y)Largest decline over 5 years | -30.14% | -77.85% | +47.71% |
Max Drawdown (10Y)Largest decline over 10 years | -40.14% | -77.85% | +37.71% |
Current DrawdownCurrent decline from peak | -2.52% | -21.24% | +18.72% |
Average DrawdownAverage peak-to-trough decline | -6.23% | -32.60% | +26.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 11.60% | -10.02% |
Volatility
UJB vs. USD - Volatility Comparison
The current volatility for ProShares Ultra High Yield (UJB) is 4.41%, while ProShares Ultra Semiconductors (USD) has a volatility of 21.67%. This indicates that UJB experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UJB | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 21.67% | -17.26% |
Volatility (6M)Calculated over the trailing 6-month period | 5.65% | 48.73% | -43.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.88% | 77.08% | -66.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.63% | 76.24% | -61.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.52% | 68.85% | -50.33% |