SJB vs UJB: Leverage, Returns & Decay
SJB returns -1 times Markit iBoxx $ Liquid High Yield each day and UJB +2 times, and they share no window yet. Net assets on Oct 21, 2026: $54m for ProShares Short High Yield and $6m for ProShares Ultra High Yield.
Both cost 0.95% a year; their one-year returns differ by 6.3 points; SJB is 9.1 times larger.
| SJB | UJB | |
|---|---|---|
| Expense ratio | 0.95% | 0.95% |
| Net assets | $54m | $6m |
| Total return, 1 year | +3.9% | −2.4% |
| What it tracks | Markit iBoxx $ Liquid High Yield | Markit iBoxx $ Liquid High Yield |
| Holdings in common | not published | |
| Volatility, annualized | 4% | 7% |
Performance, window by window
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | SJB | UJB | SJB | UJB | SJB | UJB |
| 1 month | +2.2% | −3.6% | not meaningful | not meaningful | not meaningful | not meaningful |
| 3 months | +3.0% | −4.6% | not meaningful | not meaningful | not meaningful | not meaningful |
| 6 months | +3.5% | −5.2% | not meaningful | not meaningful | not meaningful | not meaningful |
| 1 year | +3.9% | −2.4% | not meaningful | not meaningful | not meaningful | not meaningful |
| 3 years | −6.3% | +39.0% | not meaningful | not meaningful | not meaningful | not meaningful |
Source: ETFIQ. Open this comparison in the app →
On the same fields
As of Oct 21, 2026. Source: ETFIQ.
About SJB
SJB aims to return -1 times Markit iBoxx $ Liquid High Yield's move each day, then resets. Over one day it does that. Over longer periods the daily results compound, so the total is not -1 times the period's move: it is lower after a fall and recovery, and can be higher in a steady run. SJB itself moved at 4% annualized over that window. Its prospectus names the Markit iBoxx $ Liquid High Yield Index, which no listed fund tracks (HYG tracks the iBoxx USD Liquid High Yield Index, a different index), so ETFIQ has no daily series to measure the fund against. Its own return is shown and no achieved multiple is computed.
Over the three months to Oct 21, 2026, SJB returned 3.0%.
About UJB
UJB aims to return +2 times Markit iBoxx $ Liquid High Yield's move each day, then resets. Over longer periods the daily results compound, so the total is not +2 times the period's move: it is lower after a fall and recovery, and can be higher in a steady run. UJB itself moved at 7% annualized over that window.
Over the three months to Oct 21, 2026, UJB lost 4.6%.
Questions people ask
- Can I hold SJB or UJB for a year?
- Both reset every day, so the multiple in the name applies to a single day, and daily results compound. Over a year the total is not the multiple times the year’s move; after a fall and recovery it is lower.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Every figure is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, SJB against UJB, data as of Oct 21, 2026. https://etfiq.com/compare/leverage/sjb-vs-ujb
ETFIQ. (Oct 21, 2026). SJB against UJB. Retrieved from https://etfiq.com/compare/leverage/sjb-vs-ujb
[SJB against UJB (ETFIQ, Oct 21, 2026)](https://etfiq.com/compare/leverage/sjb-vs-ujb)
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