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SJBProShares Short High Yield

Take a bet15y track recordRanked #164 of 949 in this goal

Seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the Markit iBoxx $ Liquid High Yield Index.

By ProShares · Launched 2011

Annual Cost

0.95%

#4,882 of 5,861 · expensive

Fund Size

$56M

#3,537 of 5,861 · mid-size

Return (1Y)Goal

+0.8%

Track Record

15 years

#852 of 5,861 · established

Performance

Total-return NAV · USD
Growth of $10,000
$10,182+1.8%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Inverse

Index tracked

Markit iBoxx USD Liquid High Yield Index

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

ProShares GENIUS Money Market ETF
71.3%
Repurchase Agreement
4.2%
Repurchase Agreement
2.1%
Repurchase Agreement
2.1%
Repurchase Agreement
1.2%
Repurchase Agreement
1.2%
Repurchase Agreement
1.0%
Repurchase Agreement
0.8%
Repurchase Agreement
0.8%
N/A
0.4%

Asset allocation

Cash
166.3%
Other
29.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
3.9%Low

Year-on-year price swings

Max drawdown
-32.8%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.96Below average
Sortino (3Y)
-1.28Moderate downside risk

Bond profile

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the Markit iBoxx $ Liquid High Yield Index.
Strategy
Invests in derivatives to gain inverse exposure to high yield corporate debt, primarily through swap agreements. Targets daily investment results consistent with the inverse performance of the Markit iBoxx $ Liquid High Yield Index, which includes bonds issued by companies in developed countries rated BB+ or lower.
Inception date
March 21, 2011
Fund family
ProShares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Inverse
Warning

You can be right and still lose

This fund returns the opposite of its benchmark's daily move, then resets. Hold it longer and the daily compounding takes over: the market can move your way over a week and you still finish down. It works as a one-day hedge and nothing beyond that.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04