UJB vs. XMAR

Last updated Jun 4, 2026

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 11.49%/yr vs 11.18%/yr for XMAR. A 0.58 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

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra High Yield (UJB) and FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR). 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 lower than XMAR's 6.65% 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%

XMAR

• 1D: -0.01%
• 1M: 1.37%
• YTD: 6.65%
• 6M: 7.38%
• 1Y: 12.89%
• 3Y*: 11.18%
• 5Y*: —
• 10Y*: —

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

UJB vs. XMAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UJB ProShares Ultra High Yield	0.81%	12.22%	9.41%	18.17%
XMAR FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March	6.65%	10.30%	10.10%	10.30%

Correlation

The correlation between UJB and XMAR is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (All Time) Calculated using the full available price history since Mar 21, 2023	0.58

The correlation between UJB and XMAR shifts across timeframes, from 0.58 (3 years) to 0.68 (1 year), reflecting how their relationship changes across market environments.

UJB vs. XMAR - Sectors Allocation Comparison

Sectors	UJB	XMAR
Energy	100.0%	3.5%
Basic Materials	-	1.8%
Communication Services	-	10.9%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	4.9%
Financial Services	-	11.9%
Healthcare	-	8.4%
Industrials	-	8.1%
Real Estate	-	1.9%
Technology	-	36.2%
Utilities	-	2.3%

Return for Risk

UJB vs. XMAR — 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

XMAR

XMAR Risk / Return Rank: 97
XMAR Sharpe Ratio Rank: 96
XMAR Sortino Ratio Rank: 98
XMAR Omega Ratio Rank: 98
XMAR Calmar Ratio Rank: 96
XMAR Martin Ratio Rank: 98

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. 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.

	UJB	XMAR	Difference
Sharpe ratio: Return per unit of total volatility	1.16	4.31	-3.15
Sortino ratio: Return per unit of downside risk	1.74	7.46	-5.72
Omega ratio: Gain probability vs. loss probability	1.22	2.20	-0.98
Calmar ratio: Return relative to maximum drawdown	1.69	8.76	-7.07
Martin ratio: Return relative to average drawdown	7.20	66.63	-59.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UJB vs. XMAR - Sharpe Ratio Comparison

The current UJB Sharpe Ratio is 1.16, which is lower than the XMAR Sharpe Ratio of 4.31. The chart below compares the historical Sharpe Ratios of UJB and XMAR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UJB	XMAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	4.31	-3.15
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	2.13	-1.80

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.

Drawdown Indicators

	UJB	XMAR	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-0.85%	-0.16%	-0.69%
Average Drawdown Average peak-to-trough decline	-6.17%	-0.30%	-5.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	0.19%	+0.98%

Volatility

UJB vs. XMAR - Volatility Comparison

ProShares Ultra High Yield (UJB) has a higher volatility of 2.29% compared to FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March (XMAR) at 0.58%. 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.

Volatility by Period

	UJB	XMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.29%	0.58%	+1.71%
Volatility (6M) Calculated over the trailing 6-month period	5.76%	2.40%	+3.36%
Volatility (1Y) Calculated over the trailing 1-year period	7.29%	3.01%	+4.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.67%	5.55%	+9.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.28%	5.55%	+12.73%

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 3.35%, 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	3.35%	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

Can I hold both UJB and XMAR in my portfolio?

UJB and XMAR have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UJB or XMAR?

UJB has higher volatility (2.29%) compared to XMAR (0.58%). In terms of maximum drawdown, UJB dropped -40.14% vs XMAR's -7.29%.

Which ETF is better, UJB or XMAR?

On 3-year performance, UJB leads with 11.49% vs 11.18% for XMAR. On fees, XMAR is cheaper at 0.85% per year. On volatility, XMAR has been the lower-risk option at 0.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UJB or XMAR?

Over the 3-year period, UJB has performed better with a 11.49% return vs 11.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UJB or XMAR?

XMAR is cheaper with a 0.85% expense ratio, compared with 0.95% for UJB.

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

UJB has the higher dividend yield at 3.35%, compared with 0.00% for XMAR.

What is the main difference between UJB and 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.

Which has better risk-adjusted returns?

XMAR currently has the higher Sharpe Ratio (4.31 vs 1.16), 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.