UJB vs. XMAR
UJB (ProShares Ultra High Yield) and XMAR (FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March) are both exchange-traded funds - UJB is a Leveraged Bonds fund tracking the Markit iBoxx $ Liquid High Yield Index, while XMAR is a Options Trading fund actively managed by FT Vest. UJB is passively managed, while XMAR is actively managed. Over the past 3 years, UJB returned 12.18%/yr vs 10.80%/yr for XMAR. A 0.59 correlation means they provide meaningful diversification when combined. UJB charges 0.95%/yr vs 0.85%/yr for XMAR.
Performance
UJB vs. XMAR - Performance Comparison
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Returns By Period
In the year-to-date period, UJB achieves a 1.07% return, which is significantly lower than XMAR's 6.44% 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%
XMAR
- 1D
- -0.19%
- 1M
- 0.12%
- YTD
- 6.44%
- 6M
- 6.54%
- 1Y
- 12.10%
- 3Y*
- 10.80%
- 5Y*
- —
- 10Y*
- —
UJB vs. XMAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UJB ProShares Ultra High Yield | 1.07% | 12.22% | 9.41% | 17.50% |
XMAR FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March | 6.44% | 10.30% | 10.10% | 10.71% |
Correlation
The correlation between UJB and XMAR is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2023 | 0.59 |
The correlation between UJB and XMAR shifts across timeframes, from 0.59 (all time) to 0.69 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UJB vs. XMAR — Risk / Return Rank
UJB
XMAR
UJB vs. XMAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra High Yield (UJB) and FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR). 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 | XMAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.97 | ||
| Sortino ratioReturn per unit of downside risk | -5.17 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 2.06 | -0.88 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 8.22 | -6.74 |
| Martin ratioReturn relative to average drawdown | 6.23 | 56.87 | -50.64 |
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Drawdowns
UJB vs. XMAR - Drawdown Comparison
The maximum UJB drawdown since its inception was -40.14%, which is greater than XMAR's maximum drawdown of -7.29%. Use the drawdown chart below to compare losses from any high point for UJB and XMAR.
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Drawdown Indicators
| UJB | XMAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.14% | -7.29% | -32.85% |
Max Drawdown (1Y)Largest decline over 1 year | -5.01% | -1.48% | -3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -9.47% | -7.29% | -2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -30.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.14% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -0.42% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -0.30% | -5.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 0.21% | +0.98% |
Volatility
UJB vs. XMAR - Volatility Comparison
ProShares Ultra High Yield (UJB) has a higher volatility of 1.96% compared to FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR) at 1.08%. This indicates that UJB's price experiences larger fluctuations and is considered to be riskier than XMAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UJB | XMAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 1.08% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 5.90% | 2.61% | +3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.37% | 3.07% | +4.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.69% | 5.54% | +9.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.02% | 5.54% | +12.48% |
UJB vs. XMAR - Expense Ratio Comparison
UJB has a 0.95% expense ratio, which is higher than XMAR's 0.85% expense ratio.
Dividends
UJB vs. XMAR - Dividend Comparison
UJB's dividend yield for the trailing twelve months is around 3.34%, while XMAR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XMAR FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UJB and XMAR have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UJB has higher volatility (1.96%) compared to XMAR (1.08%). In terms of maximum drawdown, UJB dropped -40.14% vs XMAR's -7.29%.
On 3-year performance, UJB leads with 12.18% vs 10.80% for XMAR. On fees, XMAR is cheaper at 0.85% per year. On volatility, XMAR has been the lower-risk option at 1.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UJB has performed better with a 12.18% return vs 10.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XMAR is cheaper with a 0.85% expense ratio, compared with 0.95% for UJB.
UJB has the higher dividend yield at 3.34%, compared with 0.00% for XMAR.
UJB is categorized as Leveraged Bonds, while XMAR is Options Trading. They also come from different issuers: ProShares and FT Vest. Their fees differ too: 0.95% for UJB and 0.85% for XMAR.
XMAR currently has the higher Sharpe Ratio (3.98 vs 1.01), 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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