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Launched · SEC filings

ProShares Ultra High Yield

UJBNYSE ArcaProSharesBThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$74.44−0.17 (−0.22%)

At close: Nov 2, 2026, 4:00 PM ET

B65/ 100

Rank 7 of 99 in Leveraged Long (2x & Other)

B65/100Rank 7 of 99inLeveraged Long (2x & Other)
Intraday session: down, 73 prints from 74.61 to 74.44. Range 74.44 to 74.76. Use the arrow keys to read each point.74.5074.5574.6574.7074.7510 AM12 PM2 PM4 PM
Expense ratio
0.95%*
Fund size
$10M
1Y total return
−1.2%
Yield · Last 12 months
3.35%
Holdings
2
Avg volume · 30D
13.7K sh
52W range
low $73.20high $80.09
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 30, 2027. Without it: 1.63%.

The ETF.net UJB Grade

Based on 5 of 6 pillars

B

Score 65 out of 100

Category
Leveraged Long (2x & Other)⁠
Rank
7 of 99
Six-pillar profile for UJB. Scores out of 100: Cost 51, Risk 82, Mission not scored, Tradability 82, Holdings 66, Durability 63. Strongest: Risk (82). Weakest: Cost (51). Based on 5 of 6 pillars.

Score 65 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C51 out of 100
    Rank 32 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A82 out of 100
    Rank 7 of 98

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A82 out of 100
    Rank 9 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B66 out of 100
    Rank 10 of 27

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B63 out of 100
    Rank 29 of 99

Our read on UJB

ETF.net Research

In short

BLeverage, but on junk bonds instead of stocks. UJB aims for twice the daily move of the Markit iBoxx $ Liquid High Yield Index, a credit trade sitting in a category stuffed with 2x Nasdaq and 2x tech.

Stated mandate

UJB seeks daily investment results, before fees and expenses, corresponding to twice the daily performance of the Markit iBoxx $ Liquid High Yield Index.

Why people hold it

  • The rare leveraged credit play: 2x the daily move of an index of dollar-denominated high yield corporate bonds, in a peer group dominated by stock-index leverage.proshares.com
  • Trading since 2011, a long run for a leveraged bond fund, and coupons flow through on a quarterly distribution schedule.
  • Fee is 0.95% net of a waiver through September 30, 2027, near the category median and level with stablemate DDM (0.95%), just above QLD (0.89%, net of a waiver through September 30, 2027).
  • The index behind it holds only bonds rated BB+/Ba1 or lower and caps any single issuer at 3%, so the exposure is broad junk credit, not a handful of borrowers.proshares.com

Worth knowing

  • Leverage resets every day. Hold longer and returns compound, so results over a stretch can differ from 2x the index's move over that same stretch, especially in choppy markets.proshares.com
  • Gross expenses are 1.63%; the 0.95% net rate rests on a waiver running through September 30, 2027.
  • Small fund, light trading next to the big equity Ultras, so spreads and order size carry more weight here.

UJB Performance

Launched Apr 13, 2011

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

UJB$9,877
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. UJB $9,877. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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.

Trailing total return for UJB. Periods over one year show the average yearly return.
PeriodUJB
Year to date−3.0%
1 month+0.9%
3 months−3.5%
1 year−1.2%
3 yearsper year+9.9%
5 yearsper year+1.8%
10 yearsper year+4.8%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for UJB
YearReturn barUJB
2026 YTD−3.0%
2025+12.2%
2024+9.4%
2023+17.7%
2022−23.3%
2021+6.6%
2020+5.1%

UJB in the news

UJB Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
3.35%Last 12 months
Payout per share
$2.49Last 12 months
Last payment
$0.81 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 32 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.25; Jun 21, 2017 $0.46; Sep 27, 2017 $0.44; Dec 26, 2017 $0.59; Mar 21, 2018 $0.32; Jun 20, 2018 $0.47; Sep 26, 2018 $0.47; Dec 26, 2018 $0.65; Mar 20, 2019 $0.33; Jun 25, 2019 $0.30; Sep 25, 2019 $0.75; Dec 24, 2019 $1.48; Mar 25, 2020 $0.18; Jun 24, 2020 $0.22; Dec 23, 2020 $1.73; Dec 23, 2021 $0.25; Dec 22, 2022 $0.03; Mar 22, 2023 $1.55; Jun 21, 2023 $0.16; Sep 20, 2023 $0.39; Dec 20, 2023 $0.57; Mar 20, 2024 $0.42; Jun 26, 2024 $0.46; Sep 25, 2024 $0.75; Dec 23, 2024 $0.55; Mar 26, 2025 $0.54; Jun 25, 2025 $0.39; Sep 24, 2025 $0.82; Dec 24, 2025 $0.31; Mar 25, 2026 $1.11; Jun 24, 2026 $0.27; Sep 23, 2026 $0.81. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 23, 2026Sep 29, 2026$0.81
Jun 24, 2026Jun 30, 2026$0.27
Mar 25, 2026Mar 31, 2026$1.11
Dec 24, 2025Dec 31, 2025$0.31
Sep 24, 2025Sep 30, 2025$0.82
Jun 25, 2025Jul 1, 2025$0.39
Mar 26, 2025Apr 1, 2025$0.54
Dec 23, 2024Dec 31, 2024$0.55
Sep 25, 2024Oct 2, 2024$0.75
Jun 26, 2024Jul 3, 2024$0.46
Mar 20, 2024Mar 27, 2024$0.42
Dec 20, 2023Dec 28, 2023$0.57

See all 43 payments⁠

$10,000 in UJB 10 years ago paid $3,009 in dividends.⁠

UJB Risk

Risk pillarA82 out of 100Rank 7 of 98 in Leveraged Long (2x & Other)

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.

How much the fund’s monthly returns vary, scaled to a year.
9.2%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.75
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−30.1%
Trough Sep 2022
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.

How strongly the fund’s returns move with its asset-class index.
1.39
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

UJB Cost

Compare UJB and WX

Overpaying vs WX, cheapest in Leveraged Long (2x & Other)

$13,714

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • UJB 0.95%

    $17,869

  • WX 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • UJB 0.95%
  • WX 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530UJB $17,869WX $4,155

Year by year

YearUJBWXOverpaying
10$1,678$365$1,313
20$6,322$1,421$4,901
30$17,869$4,155$13,714
How the 0.95% is worked out

Full fee 1.63%− waiver 0.68%= you pay 0.95%

The waiver ends Sep 30, 2027. After that the fee is 1.63% unless ProShares renews it. Source: prospectus, Sep 2026.

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