ProShares Short High Yield (SJB) Performance
SJB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +3.8% since Dec 31, 2025
- 1 year
- +3.7% total return
- 5 years
- +0.5% a year
- 10 years
- −2.9% a year
- Since first price
- −4.8% a year since 2011
SJB trailing returns vs SPY, QQQ, AGG
| Period | SJB total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.3% | +1.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.4% | +1.6% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.3% | +1.3% | +7.8% | +8.4% | −1.5% |
| YTD | +3.8% | +1.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +3.7% | +0.4% | +14.4% | +15.9% | −1.1% |
| 3 years | −6.0%−2.0%/yr | −17.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +2.4%+0.5%/yr | −12.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −25.3%−2.9%/yr | −37.6% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −52.2%−4.8%/yr | −60.1% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionMar 22, 2011 | −53.6%−4.8%/yr | −61.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SJB vs SPY
From Mar 22, 2011: SJB grew to $4,640, SPY to $77,102.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SJB returns by calendar year
3 of 14 full years positive. Best 2022 (+9.6%), worst 2016 (−14.0%). 2026 is year to date.
SJB annual returns table
| Year | SJB | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +3.8% | −2.7% | +12.3% | +15.1% | −1.0% |
| 2025 | −1.9% | −6.4% | +17.7% | +20.8% | +7.2% |
| 2024 | −0.8% | −5.1% | +24.9% | +25.6% | +1.3% |
| 2023 | −5.6% | −8.3% | +26.2% | +54.9% | +5.7% |
| 2022 | +9.6% | −8.5% | −18.2% | −32.6% | −13.0% |
| 2021 | −6.7% | −7.4% | +28.7% | +27.4% | −1.8% |
| 2020 | −9.2% | −27.9% | +18.3% | +48.6% | +7.5% |
| 2019 | −11.4% | −11.8% | +31.2% | +39.0% | +8.5% |
| 2018 | +2.5% | −4.7% | −4.6% | −0.1% | +0.1% |
| 2017 | −6.2% | −6.4% | +21.7% | +32.7% | +3.6% |
| 2016 | −14.0% | −18.7% | +12.0% | +7.1% | +2.4% |
| 2015 | +2.4% | −5.7% | +1.2% | +9.4% | +0.5% |
| 2014 | −4.6% | −6.7% | +13.5% | +19.2% | +6.0% |
| 2013 | −8.8% | −9.9% | +32.3% | +36.6% | −2.0% |
| 2012 | −13.4% | −14.0% | +16.0% | +18.1% | +3.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SJB largest drawdowns
Now 56.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 4, 2011 | −58.1% | Dec 28, 2021 | not yet | 10.2 years | 15.1 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SJB risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2011 |
|---|---|---|---|---|
| Annualized return | −1.5% | +0.5% | −3.0% | −4.8% |
| Volatility (annualized) | 4.5% | 7.5% | 7.2% | 7.3% |
| Sharpe ratio | -1.26 | -0.37 | -0.70 | -0.85 |
| Sortino ratio | -1.36 | -0.51 | -0.91 | -1.04 |
| Best month | +3.0% | +7.1% | +9.2% | +9.2% |
| Worst month | −4.2% | −6.6% | −6.6% | −8.4% |
| Best 12 months | +4.0% | +12.9% | +12.9% | +12.9% |
| Worst 12 months | −7.7% | −7.7% | −19.4% | −19.6% |
| Positive months | 42% | 48% | 38% | 37% |
| Beta vs S&P 500 | -0.27 | -0.39 | -0.39 | — |
| Correlation with S&P 500 | -0.74 | -0.82 | -0.82 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SJB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 176 | −19.6% | −4.8% | +12.9% | 17% |
| 3-year (a year) | 152 | −12.4% | −5.1% | +0.8% | 3% |
| 5-year (a year) | 128 | −9.7% | −4.8% | +0.5% | 2% |
| 10-year (a year) | 68 | −8.0% | −4.6% | −3.0% | 0% |
Every holding period starting at a month-end since 2011. Returns for 3 years and longer are annualized.
SJB performance overview
ProShares Short High Yield (SJB) returned +3.7% over the past year and −2.9% a year over ten years, with distributions reinvested. Since its first recorded price in 2011 it has returned −4.8% a year, turning $10,000 into about $4,640. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −58.1%, from Oct 4, 2011 to Dec 28, 2021; the fund has not yet regained that high. SJB finished 3 of its 14 full calendar years with a gain; the best year was 2022 (+9.6%) and the worst 2016 (−14.0%). Volatility has been 7.3% a year.
Related: SJB chart, SJB dividends. See the SJB overview for the latest quote and fund facts.
SJB performance FAQ
What is the SJB return over the past year?
SJB returned +3.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 0.4%.
What is the average annual return of SJB?
SJB has returned +0.5% a year over 5 years, −2.9% a year over 10 years, −4.8% a year since March 22, 2011 (total return, distributions reinvested).
How much would $10,000 invested in SJB be worth?
$10,000 invested in SJB at its first recorded close on March 22, 2011 would be worth about $4,640 on October 23, 2026 with distributions reinvested.
What was the worst year for SJB?
The worst calendar year was 2016, with a total return of −14.0%. The best was 2022 at +9.6%.
What is the biggest drawdown of SJB?
The largest peak-to-trough decline was −58.1% between October 4, 2011 and December 28, 2021. It has not yet recovered to that high; it is 56.1% below its peak.
How volatile is SJB?
Over the past 3 years SJB had an annualized volatility of 4.5% and a Sharpe ratio of -1.26 (excess return over 1–3 month T-bills per unit of risk).