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SJB
ProShares Short High Yield

Price: $18.38
Change: $0.01 (0.0%)
Category: Inverse Bonds
Last Updated:

Vitals

Investment Themes

Analyst Report

This ETF is designed to deliver daily inverse exposure to an index comprised of junk bonds, an asset class that generally delivers high expected returns and features considerable risk of default. As such, SJB probably isn't that useful for investors looking to build a portfolio for the long run; this ETF is more useful as a tool for implementing a tactical bet against the junk bond sector. Those looking to bet against the investment grade bond market may prefer SAGG, while IGS offers an easy way to establish a short position in investment grade corporate debt. Investors should be aware that SJB features a daily reset of exposure, meaning that it will deliver -100% returns of the underlying index for a single trading period only. This fund may still be useful for establishing a short position over a longer period of time, but investors should understand the nuances of compounding returns and be prepared to monitor / rebalance this position as necessary. It should also be noted that there are some differences between using an inverse ETF and shorting a traditional long ETF; the potential for loss and volatility will differ between these two strategies.

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $18.25
  • 52 Week Hi $22.21
  • AUM $61.6 M
  • Shares 3.4 M

Historical Trading Data

  • 1 Month Avg. Volume 67,443
  • 3 Month Avg. Volume 97,640

Alternative ETFs in the Inverse Bonds Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest DFVS 0.75% $2.5 M 1,202 26.78%
Largest (AUM) TBF 0.94% $514.1 M 1 M 12.61%
Most Liquid (Volume) TBF 0.94% $514.1 M 1 M 12.61%
Top YTD Performer DFVS 0.75% $2.5 M 1,202 26.78%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

1
Number of Holdings
100.00%
% Assets in Top 10
 
View Detailed Analysis
 
Number of Holdings
1
Rank
2 of 4
Low
DFVS (1)
High
TBF (9)
% Assets in Top 10
100.00%
Rank
3 of 4
Low
DFVS (100.00%)
High
TBF (100.00%)

 
View Summary Analysis
 

SJB Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
No Ranking Available
Rank
N/A
Low
N/A
High
N/A

SJB Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$0.01
Dividend Date
2020-03-25
Annual Dividend Rate
n/a

$0.01
Dividend
2020-03-25
Dividend Date
n/a
Annual Dividend Rate
Annual Dividend Yield
No Ranking Available
Rank
N/A
Low
N/A
High
N/A

SJB Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: -4.64 M 3 Month Net Flows: 5.63 M 6 Month Net Flows: -17.26 M 1 Year Net Flows: -135.63 M 3 Year Net Flows: -107.93 M 5 Year Net Flows: -90.18 M 10 Year Net Flows: 125.24 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for SJB on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Inverse Bonds with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Sign Up for Pro to Unlock Data Sign Up
Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A TBF
Expenses C+ DFVS
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

SJB Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.536%
ETF Wtd. Average
0.19%
Category Average
0.90%
Expense Ratio
0.95%
Rank
4 of 4
Low
DFVS (0.75%)
High
SJB (0.95%)
ESG Themes and Scores

SJB does not have an ESG score. There are no ESG themes that map to this ETF.

SJB Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

-0.04%
1 Week Return
-1.41%
4 Week Return
-1.65%
13 Week Return
-6.31%
26 Week Return
-1.54%
Year to Date Return
-13.74%
1 Year Return
-18.80%
3 Year Return
-31.26%
5 Year Return
 
View Detailed Analysis
 
1 Week Return
-0.04%
Rank
1 of 4
Low
TBF (-0.84%)
High
SJB (-0.04%)
4 Week Return
-1.41%
Rank
3 of 4
Low
TBF (-2.31%)
High
DFVS (1.95%)
13 Week Return
-1.65%
Rank
4 of 4
Low
SJB (-1.65%)
High
DFVS (18.58%)
26 Week Return
-6.31%
Rank
4 of 4
Low
SJB (-6.31%)
High
DFVS (21.81%)
Year to Date Return
-1.54%
Rank
4 of 4
Low
SJB (-1.54%)
High
DFVS (26.78%)
1 Year Return
-13.74%
Rank
4 of 4
Low
SJB (-13.74%)
High
DFVS (23.72%)
3 Year Return
-18.80%
Rank
2 of 4
Low
DFVS (-50.09%)
High
TBX (-12.11%)
5 Year Return
-31.26%
Rank
3 of 4
Low
DFVS (-33.89%)
High
TBX (-8.60%)

 
View Summary Analysis
 

SJB Price and Volume Chart

Sector Breakdown

SJB Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

 
View Detailed Analysis
 
5 Day Volatility
95.94%
Rank
2 of 4
Low
TBX (15.77%)
High
DFVS (103.62%)
20 Day Volatility
4.11%
Rank
4 of 4
Low
SJB (4.11%)
High
DFVS (27.90%)
50 Day Volatility
5.15%
Rank
4 of 4
Low
SJB (5.15%)
High
DFVS (40.19%)
200 Day Volatility
4.39%
Rank
4 of 4
Low
SJB (4.39%)
High
DFVS (32.33%)
Beta
-0.37
Rank
4 of 4
Low
SJB (-0.37)
High
DFVS (0.57)
Standard Deviation
1.03%
Rank
2 of 4
Low
TBX (0.43%)
High
DFVS (1.41%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $18.50
  • 60 Day MA $18.57
  • MACD 15 Period -0.06
  • MACD 100 Period -0.32
  • Williams % Range 10 Day 55.83
  • Williams % Range 20 Day 76.21
  • RSI 10 Day 37
  • RSI 20 Day 40
  • RSI 30 Day 41
  • Ultimate Oscillator 46

Bollinger Brands

  • Lower Bollinger (10 Day) $18.32
  • Upper Bollinger (10 Day) $18.47
  • Lower Bollinger (20 Day) $18.25
  • Upper Bollinger (20 Day) $18.76
  • Lower Bollinger (30 Day) $18.30
  • Upper Bollinger (30 Day) $18.81

Support & Resistance

  • Support Level 1 $18.35
  • Support Level 2 $18.32
  • Resistance Level 1 $18.40
  • Resistance Level 2 $18.42

Stochastic

  • Stochastic Oscillator %D (1 Day) 51.07
  • Stochastic Oscillator %D (5 Day) 49.47
  • Stochastic Oscillator %K (1 Day) 47.21
  • Stochastic Oscillator %K (5 Day) 49.04

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Download the fact sheet PDF

Disclosures

Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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