ProShares - Short High Yield
$15.29−0.01 (−0.10%)
- Expense ratio
- 1.06%
- Fund size
- $46M
- 1Y return
- +2.4%
- Yield · Last 12 months
- 3.57%
- Holdings
- 8
- Volume · 30D
- 0.2M sh
- NAV per share
- $15.33
- 52W range
The ETF.net SJB Grade
Score 69 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 63Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 76Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 76Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 100Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 64Category rank
Our read on SJB
BMost inverse ETFs bet against stocks. SJB bets against credit, aiming to deliver -1x the daily move of a liquid high yield bond index. It has been running that single trade since 2011.
The fund seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Markit iBoxx $ Liquid High Yield Index.
Why people hold it
- A straight -1x, no leverage stacked on top: a dollar of daily short exposure to the Markit iBoxx $ Liquid High Yield Index per dollar invested.proshares.com
- Shorting junk bonds outright means margin, borrow and swap paperwork. This packages the same directional exposure into an ordinary ETF share.proshares.com
- Charges 1.06% a year, below the typical expense ratio among leveraged and inverse bear funds.
- Trading since 2011, it is one of the longer-lived inverse credit funds and rates among the stronger builds in its bear-fund peer group.
Worth knowing
- The -1x target resets daily. Hold longer, especially through choppy markets, and results can drift from the inverse of the index move over that stretch.
- A small fund with moderate trading, so spreads and order size matter more here than with a headline index ETF.
- Being short a bond index means the coupon income that index earns works against the position rather than for it.
SJB Holdings
- Bonds
- 8
- 100%
- IQMM
Sectors
- Financials100.0%
Geography
- United States100.00%
SJB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SJB |
|---|---|
| Year to date | +1.7% |
| 1 month | +1.0% |
| 3 months | +1.1% |
| 1 year | +2.4% |
| 3 years | −1.9% |
| 5 years | +0.2% |
| 10 years | −3.2% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SJB |
|---|---|---|
| 2026 YTD | +1.7% | |
| 2025 | −1.9% | |
| 2024 | −0.8% | |
| 2023 | −5.6% | |
| 2022 | +9.6% | |
| 2021 | −6.7% | |
| 2020 | −9.2% |
SJB in the news
ETF.net Research hasn’t filed on SJB yet — coverage lands here as it’s written.
SJB Dividends
- 3.57%
- $0.55
- $0.18 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.18 |
| Mar 25, 2026 | Mar 31, 2026 | $0.03 |
| Dec 24, 2025 | Dec 31, 2025 | $0.17 |
| Sep 24, 2025 | Sep 30, 2025 | $0.17 |
| Jun 25, 2025 | Jul 1, 2025 | $0.16 |
| Mar 26, 2025 | Apr 1, 2025 | $0.10 |
| Dec 23, 2024 | Dec 31, 2024 | $0.34 |
| Sep 25, 2024 | Oct 2, 2024 | $0.20 |
| Jun 26, 2024 | Jul 3, 2024 | $0.24 |
| Mar 20, 2024 | Mar 27, 2024 | $0.17 |
| Dec 20, 2023 | Dec 28, 2023 | $0.26 |
| Sep 20, 2023 | Sep 27, 2023 | $0.18 |
SJB Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 4.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −1.44
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −13.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −0.68
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SJB Cost
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
18 of the 53 Leveraged Inverse (2x & Other) funds charge less.