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ETFs

ProShares Ultra High Yield

UJB
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Today’s Change
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Snapshot
*

Inception Date
Apr 13 2011
Expense Ratio
0.96%
Type
US Bonds
Fund Owner
ProShares
Volume (1m avg. daily)
$1,744,974
AUM
$14,093,388
Associated Index
Markit iBoxx $ Liquid High Yield Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Net Other Assets (Liabilities)
100.00%
n/a
Derivatives offset
-199.92%
Invest with UJB

What is UJB?

ProShares Ultra High Yield seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the Markit iBoxx $ Liquid High Yield Index.

ETFs related toUJB

ETFs correlated to UJB include HYG, HYLB, JNK

UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF
SHYG
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year High Yield Corporate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toUJB

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

Create your own algorithmic trading strategy with UJB using Composer

FAQ

UJB is a US Bonds ETF. ProShares Ultra High Yield seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the Markit iBoxx $ Liquid High Yield Index.

UJB tracks the Markit iBoxx $ Liquid High Yield Index.

No, UJB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, UJB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on UJB is -0.0034%. This is the percent change in the value of UJB over the most recent 1-month period. The 3-month return on UJB is 0.0088%. This is the percent change in the value of UJB over the most recent 3-month period.

The standard deviation of UJB for the past year is 0.1935%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to UJB include PST, TMV, and TTT.

ETFs correlated to UJB include HYG, HYLB, and JNK.

ETFs that are inversely correlated to UJB include SJB, HIBS, and SPXU.

Yes, UJB is a Leveraged (2x) ETF: This means that UJB will try to match the performance of Markit iBoxx $ Liquid High Yield Index, but with 2x the returns.

Yes, UJB is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Markit iBoxx $ Liquid High Yield Index, but move 2x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.