ProShares - Ultra High Yield
CThis 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.
$74.410.00 (0.00%)
- 1.66%
- $5M
- +0.5%
- 3.35%
- 0M sh
- $74.42
- low $73.20high $80.09
The ETF.net UJB Grade
C
Score 48 out of 100
- 24 of 99
Score 48 of 100 falls in the C 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.F14 out of 100Rank 85 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A80 out of 100Rank 7 of 96Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A81 out of 100Rank 9 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B58 out of 100Rank 10 of 23Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B60 out of 100Rank 38 of 99
Our read on UJB
CNearly every leveraged ETF is a bet on stocks. UJB is the odd one out: 2x the daily move of a liquid junk-bond index, a corner of the market that usually creeps rather than lurches.
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
- A rare instrument. It targets twice the daily performance of the Markit iBoxx $ Liquid High Yield Index, giving credit exposure a gear that almost every other leveraged ETF aims at equities.proshares.com
- High yield bonds step where stocks jump. Even doubled, UJB's measured volatility sits on the calmer end of the leveraged shelf.
- Trading since 2011, from ProShares, whose leveraged funds fill much of the category's top tier.
- Unlike most daily-leveraged products, it distributes on a quarterly schedule.
Worth knowing
- The 1.66% expense ratio runs well above what the typical leveraged ETF charges, including cheaper ProShares siblings like QLD and DDM.
- The 2x target resets every day. Over longer stretches, compounding means results can diverge from twice the index's move for that period.
- A small fund that trades lightly, so bid-ask spreads tend to be wider than on the headline leveraged names.
UJB Holdings
- Bonds
- 2
- 100%
- IQMM
Sectors
- Energy100.0%
Geography
- United States100.00%
UJB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
UJB$10,047
Returns run to the Oct 12, 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 | UJB |
|---|---|
| Year to date | −3.1% |
| 1 month | −2.9% |
| 3 months | −4.3% |
| 1 year | +0.5% |
| 3 years | +11.0% |
| 5 years | +2.0% |
| 10 years | +4.4% |
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 | UJB |
|---|---|---|
| 2026 YTD | −3.1% | |
| 2025 | +12.2% | |
| 2024 | +9.4% | |
| 2023 | +17.7% | |
| 2022 | −23.3% | |
| 2021 | +6.6% | |
| 2020 | +5.1% |
UJB in the news
UJB Dividends
- 3.35%
- $2.49
- $0.81 per share
- Quarterly
Distribution history
UJB 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.
- 9.4%
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.
- 0.60
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.
- −30.1%
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.
- 1.39
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
UJB Cost
1.66%
UJB1.66%
- The middle half of Leveraged Long (2x & Other) funds
- Median 1.00%
84 of the 95 Leveraged Long (2x & Other) funds charge less.
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