UJBProShares Ultra High Yield
Seeks daily investment results of 200% of the daily performance of the Markit iBoxx $ Liquid High Yield Index.
By ProShares · Launched 2011
0.95%
#4,684 of 5,562 · expensive
$9M
#4,812 of 5,562 · small
+8.1%
15 years
#875 of 5,562 · established
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaStrategy
Leveraged
Index tracked
Markit iBoxx USD Liquid High Yield Index
What it actually holds
By weightConcentration
Top 10 holdings = 81.5% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Bond profile
Credit ratings
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks daily investment results of 200% of the daily performance of the Markit iBoxx $ Liquid High Yield Index.
- Strategy
- Invests primarily in financial instruments to achieve 2x daily exposure to the Markit iBoxx $ Liquid High Yield Index, which measures U.S. dollar high yield corporate debt. The Fund rebalances daily to maintain its target exposure, using derivatives and other instruments.
- Inception date
- April 13, 2011
- Fund family
- ProShares
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged ETF — not a long-term hold
This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.
Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Why we flagged this: strategy=leveraged + leveraged_name_or_strategy
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 2026-06-19