This leveraged ETF is designed to amplify daily exposure to junk bonds, a corner of the fixed income market that generally offers the greatest expected yields and the most significant risk (and can be subject to big swings over a short period of time). Given the risks associated with daily resets of leverage, UJB is not a tool for those building a long-term, buy-and-hold portfolio. Any investors seeking to add junk bond exposure for the long run should see the many options available in the High Yield Bonds ETFdb Category, including JNK and HYG. This product is more appropriate for use by risk tolerant investors looking to implement a short-term tactical tilt towards high yield corporate debt—a position that can result in big gains or big losses depending on a number of different factors. It should be noted and understood that UJB features a daily reset of leverage; this product is designed to deliver 200% exposure to the underlying index over a single trading period. When held for longer than one session (or a shorter period), the returns generated can depend on a number of different factors, and can be greater or less than the daily target multiple (sometimes by a wide margin). UJB can be used quite effectively for extended periods of time; investors wishing to hold this position open longer should simply be aware of how compounding returns can shift the risk profile and be willing and able to monitor regularly (and perhaps rebalance as needed).
| Segment | Leveraged Fixed Income: U.S. - Corporate, Broad-based High Yield |
| Category | Corporate, Broad-based |
| Focus | High Yield |
| Niche | Broad Maturities |
| Strategy | Vanilla |
| Weighting Scheme | Market Value |
This section compares how balanced and deep this ETF is relative to its peers.
| UJB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 1 | 2 | 1 |
| % of Assets in Top 10 | 100.00% | 85.71% | 100.00% |
| % of Assets in Top 15 | 100.00% | 85.71% | 100.00% |
| % of Assets in Top 50 | 100.00% | 85.71% | 100.00% |
| UJB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | N/A | N/A |
| Mid (>2.7B) | N/A | N/A | N/A |
| Small (>600M) | N/A | N/A | N/A |
| Micro (<600M) | N/A | N/A | N/A |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| UJB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 1.73 | $ 1.12 | $ 1.73 |
| Dividend Date | 2020-12-23 | N/A | N/A |
| Annual Dividend Rate | $ 1.73 | $ 1.21 | $ 1.73 |
| Annual Dividend Yield | 2.23% | 2.33% | 2.23% |
View charts featuring UJB price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 653.02 K 1 Month Net Flows: 47.76 K 3 Month Net Flows: -13.75 M 6 Month Net Flows: -2.84 M 1 Year Net Flows: 10.86 M 3 Year Net Flows: 7.36 M 5 Year Net Flows: 9.1 M 10 Year Net Flows: 6.91 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: 816.8 KThe adjacent table gives investors an individual Realtime Rating for UJB 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 ETF Database Pro members, shows the ETF in the Leveraged 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 ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Ordinary income |
| Distributes K1 | No |
UJB does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peers.
| UJB |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | 2.44% | -0.53% | 2.44% |
| 3 Month Return | 10.98% | 13.67% | 10.98% |
| YTD Return | 7.55% | 6.64% | 7.55% |
| 1 Year Return | -11.41% | -25.56% | -11.41% |
| 3 Year Return | -8.40% | -26.87% | -8.40% |
| 5 Year Return | 11.88% | -12.06% | 11.88% |
The following charts reflect the geographic spread of UJB's underlying holdings.
The following charts reflect the allocation of UJB's underlying holdings.
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 173.74% |
| 20 Day Volatility | 16.50% |
| 50 Day Volatility | 20.28% |
| 200 Day Volatility | 24.35% |
| Beta | 0.76 |
| Standard Deviation | 4.61% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
Here is a look at the 25 best and 25 worst ETFs from the past trading week. Traders can use this...
Here is a look at the 25 best and 25 worst ETFs from the past trading week. Traders can use this...
Here is a look at the 25 best and 25 worst ETFs from the past trading week. Traders can use this...
ETF Trends and ETF Database , the preeminent digital platforms for ETF news, research, tools, video, webcasts, native content channels, and more. The ETF Trends and ETF Database brands have been trusted amongst advisors, institutional investors, and individual investors for a combined 25 years. The firms are uniquely positioned to aid advisor’s education, adoption, and usage of ETFs, as well as the asset management community’s transition from traditionally analog to digital interactions with the advisor community.
Our team at ETF Database is committed to making our website the premier source of information on ETF investing with the world’s highest quality ETF tools, content, and resources.
ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.
Copyright © 2023 FactSet Research Systems Inc. All rights reserved.
A long-running debate in asset allocation circles is how much of a portfolio an investor should...
In a digital age where information moves in milliseconds and millions of participants can transact...