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UJBProShares Ultra High Yield

Take a bet15y track recordRanked #411 of 949 in this goal

Seeks daily investment results that correspond to 2x 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

$19M

#4,509 of 5,861 · small

Return (1Y)Goal

+5.2%

Track Record

15 years

#859 of 5,861 · established

Performance

Total-return NAV · USD
Growth of $10,000
$10,810+8.1%

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

Leveraged

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
58.2%
Repurchase Agreement
6.6%
Repurchase Agreement
3.3%
Repurchase Agreement
3.3%
Repurchase Agreement
2.0%
Repurchase Agreement
2.0%
Repurchase Agreement
1.6%
N/A
1.3%
Repurchase Agreement
1.3%
Repurchase Agreement
1.3%

Asset allocation

Cash
60.9%
Other
42.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
7.3%Low

Year-on-year price swings

Max drawdown
-35.6%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.67Decent risk-adjusted returns
Sortino (3Y)
1.00Moderate downside risk

Bond profile

Credit ratings

US Government
43.2%

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results that correspond to 2x the daily performance of the Markit iBoxx $ Liquid High Yield Index.
Strategy
Invests in financial instruments to achieve daily returns consistent with the Daily Target, obtaining leveraged exposure to at least 80% of its total assets in U.S. dollar denominated high yield corporate debt. Uses derivatives like swap agreements to gain this exposure, rebalancing daily to maintain alignment with the Index's performance.
Inception date
April 13, 2011
Fund family
ProShares

Our take

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

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

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