UJB
ProShares Ultra High Yield

Price: $78.01
Change: $0.18 (0.0%)
Category: Leveraged Bonds
Last Updated:

Vitals

Issuer ProShares
Brand ProShares
Structure ETF
Expense Ratio 1.14%
ETF Home Page Home page
Inception Apr 13, 2011

Analyst Report

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).

ETF Database Themes

Category Leveraged Bonds
Leveraged 2x
Asset Class Bond
Region (General) Developed Markets
Region (Specific) Broad
Bond Type(s) Junk
Bond Duration Intermediate-Term

FactSet Classifications

  • 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

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $66.47
  • 52 Week Hi $79.33
  • AUM $31.2 M
  • Shares 0.4 M

Historical Trading Data

  • 1 Month Avg. Volume 23,417
  • 3 Month Avg. Volume 19,065

Alternative ETFs in the ETF Database Leveraged Bonds Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SBND 0.25% $19.9 M N/A N/A
Largest (AUM) TBT 0.92% $1.5 B 5 M 11.88%
Most Liquid (Volume) TBT 0.92% $1.5 B 5 M 11.88%
Top YTD Performer TTT 0.95% $179.9 M 144,185 16.92%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

UJB ETF Database Category Average FactSet Segment Average
Number of Holdings 1 9 1
% of Assets in Top 10 100.00% 84.80% 100.00%
% of Assets in Top 15 100.00% 88.53% 100.00%
% of Assets in Top 50 100.00% 91.67% 100.00%

Size Comparison

UJB ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A 3.43% N/A
Mid (>2.7B) N/A 1.77% N/A
Small (>600M) N/A 2.99% N/A
Micro (<600M) N/A 0.15% N/A

UJB Valuation

This section compares the P/E ratio of this ETF to its peers.

UJB
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
1.66
FactSet Segment Average
P/E Ratio
N/A

UJB Dividend

This section compares the dividend yield of this ETF to its peers.

UJB ETF Database Category Average FactSet Segment Average
Dividend $ 1.73 $ 0.69 $ 1.73
Dividend Date 2020-12-23 N/A N/A
Annual Dividend Rate $ 1.73 $ 0.72 $ 1.73
Annual Dividend Yield 2.22% 1.42% 2.22%

UJB Price and Volume Chart

UJB Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 32.32 K 1 Month Net Flows: 4.07 M 3 Month Net Flows: 9.94 M 6 Month Net Flows: 11.73 M 1 Year Net Flows: 34.08 M 3 Year Net Flows: 35.95 M 5 Year Net Flows: 37.43 M 10 Year Net Flows: 35.94 M

UJB Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

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 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.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B- n/a
Expenses B+ n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

UJB Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

UJB
Expense Ratio
1.14%
ETF Database Category Average
Expense Ratio
0.91%
FactSet Segment Average
Expense Ratio
1.14%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores

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

UJB Performance

This section shows how this ETF has performed relative to its peers.

UJB ETF Database
Category Average
Factset Segment
Average
1 Month Return -0.93% 0.92% -0.93%
3 Month Return 1.15% 1.28% 1.15%
YTD Return 5.25% 1.32% 5.25%
1 Year Return 14.70% 3.78% 14.70%
3 Year Return 30.74% 1.34% 30.74%
5 Year Return 45.87% -10.12% 45.87%

Geographic Exposure

The following charts reflect the geographic spread of UJB's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of UJB's underlying holdings.

UJB Technicals

Volatility Analysis

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

5 Day Volatility
21.27%
Rank
11 of 12

20 Day Volatility
7.20%
Rank
11 of 12

50 Day Volatility
6.29%
Rank
11 of 11

200 Day Volatility
5.91%
Rank
11 of 11

Beta
0.78
Rank
4 of 11

Standard Deviation
2.71%
Rank
6 of 11

Technicals

  • 20 Day MA $78.01
  • 60 Day MA $78.05
  • MACD 15 Period 0.23
  • MACD 100 Period 0.28
  • Williams % Range 10 Day 29.74
  • Williams % Range 20 Day 53.06
  • RSI 10 Day 51
  • RSI 20 Day 50
  • RSI 30 Day 51
  • Ultimate Oscillator 44

Bollinger Bands

  • Lower Bollinger (10 Day) $76.84
  • Upper Bollinger (10 Day) $78.45
  • Lower Bollinger (20 Day) $76.91
  • Upper Bollinger (20 Day) $79.18
  • Lower Bollinger (30 Day) $77.07
  • Upper Bollinger (30 Day) $79.57

Support & Resistance

  • Support Level 1 $77.90
  • Support Level 2 $77.80
  • Resistance Level 1 $78.06
  • Resistance Level 2 $78.11

Stochastic

  • Stochastic Oscillator %D (1 Day) 58.09
  • Stochastic Oscillator %D (5 Day) 59.54
  • Stochastic Oscillator %K (1 Day) 48.12
  • Stochastic Oscillator %K (5 Day) 48.58

Financial Advisor Report

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 Sheet

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.

Data Lineage

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Analyst Report Authors

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.

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