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).
The 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 ETFdb 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 ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.
This ETF is not currently available for commission free trading on any platforms.
There are 5 other ETFs in the Leveraged Bonds ETFdb.com Category that are also eligible for commission free trading:
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 peer group ETFdb.com Category.
This section compares the fund flows of this ETF to peers in the same ETFdb.com Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of UJB relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.