ProShares Ultra High Yield (UJB) Performance
UJB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −3.9% since Dec 31, 2025
- 1 year
- −2.3% total return
- 5 years
- +1.7% a year
- 10 years
- +4.5% a year
- Since first price
- +6.2% a year since 2011
UJB trailing returns vs SPY, QQQ, AGG
| Period | UJB total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.3% | −2.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.8% | −4.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −4.8% | −6.1% | +7.8% | +8.4% | −1.5% |
| YTD | −3.9% | −6.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −2.3% | −5.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +38.1%+11.4%/yr | +25.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +8.9%+1.7%/yr | −4.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +55.6%+4.5%/yr | +19.0% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +165.9%+6.7%/yr | +93.1% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionApr 14, 2011 | +155.4%+6.2%/yr | +85.5% | — | — | — |
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: UJB vs SPY
From Apr 14, 2011: UJB grew to $25,544, SPY to $75,772.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
UJB returns by calendar year
11 of 14 full years positive. Best 2016 (+29.2%), worst 2022 (−23.3%). 2026 is year to date.
UJB annual returns table
| Year | UJB | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −3.9% | −6.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +12.2% | −9.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +9.4% | −4.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +17.7% | −10.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −23.3% | −29.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +6.6% | −4.8% | +28.7% | +27.4% | −1.8% |
| 2020 | +5.2% | −40.1% | +18.3% | +48.6% | +7.5% |
| 2019 | +26.7% | −5.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −6.1% | −12.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +11.8% | −5.3% | +21.7% | +32.7% | +3.6% |
| 2016 | +29.2% | −14.7% | +12.0% | +7.1% | +2.4% |
| 2015 | −12.8% | −23.0% | +1.2% | +9.4% | +0.5% |
| 2014 | +2.7% | −13.7% | +13.5% | +19.2% | +6.0% |
| 2013 | +9.8% | −12.6% | +32.3% | +36.6% | −2.0% |
| 2012 | +24.4% | −8.3% | +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.
UJB largest drawdowns
Now 6.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 13, 2020 | −40.1% | Mar 23, 2020 | Dec 1, 2020 | 39 days | 10 months |
| Dec 23, 2021 | −30.1% | Sep 27, 2022 | Sep 20, 2024 | 9 months | 2.7 years |
| May 5, 2015 | −28.6% | Jan 21, 2016 | Jul 13, 2016 | 9 months | 1.2 years |
| Jul 22, 2011 | −25.2% | Oct 4, 2011 | Jan 4, 2012 | 2 months | 5 months |
| Jul 8, 2014 | −13.7% | Dec 16, 2014 | Apr 29, 2015 | 5 months | 10 months |
| Aug 20, 2018 | −12.6% | Jan 2, 2019 | Feb 28, 2019 | 4 months | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
UJB risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2011 |
|---|---|---|---|---|
| Annualized return | +10.1% | +1.5% | +4.7% | +6.2% |
| Volatility (annualized) | 9.4% | 15.2% | 15.0% | 15.3% |
| Sharpe ratio | 0.61 | -0.06 | 0.23 | 0.37 |
| Sortino ratio | 1.06 | -0.09 | 0.32 | 0.55 |
| Best month | +9.2% | +13.5% | +13.5% | +15.5% |
| Worst month | −5.5% | −14.1% | −20.6% | −20.6% |
| Best 12 months | +26.2% | +26.2% | +39.0% | +39.0% |
| Worst 12 months | −2.6% | −28.7% | −28.7% | −28.7% |
| Positive months | 58% | 50% | 56% | 58% |
| Beta vs S&P 500 | 0.54 | 0.80 | 0.78 | — |
| Correlation with S&P 500 | 0.72 | 0.82 | 0.80 | — |
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.
UJB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 175 | −28.7% | +9.1% | +39.0% | 79% |
| 3-year (a year) | 151 | −6.2% | +6.3% | +19.0% | 81% |
| 5-year (a year) | 127 | −1.2% | +5.7% | +13.2% | 99% |
| 10-year (a year) | 67 | +3.1% | +5.2% | +10.6% | 100% |
Every holding period starting at a month-end since 2011. Returns for 3 years and longer are annualized.
UJB performance overview
ProShares Ultra High Yield (UJB) returned −2.3% over the past year and +4.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2011 it has returned +6.2% a year, turning $10,000 into about $25,544. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −40.1%, from Feb 13, 2020 to Mar 23, 2020, and it took 8 months to get back to the old high. UJB finished 11 of its 14 full calendar years with a gain; the best year was 2016 (+29.2%) and the worst 2022 (−23.3%). Volatility has been 15.3% a year.
Related: UJB chart, UJB dividends. See the UJB overview for the latest quote and fund facts.
UJB performance FAQ
What is the UJB return over the past year?
UJB returned −2.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.4%.
What is the average annual return of UJB?
UJB has returned +1.7% a year over 5 years, +4.5% a year over 10 years, +6.2% a year since April 14, 2011 (total return, distributions reinvested).
How much would $10,000 invested in UJB be worth?
$10,000 invested in UJB at its first recorded close on April 14, 2011 would be worth about $25,544 on October 23, 2026 with distributions reinvested.
What was the worst year for UJB?
The worst calendar year was 2022, with a total return of −23.3%. The best was 2016 at +29.2%.
What is the biggest drawdown of UJB?
The largest peak-to-trough decline was −40.1% between February 13, 2020 and March 23, 2020. It recovered to the old high on December 1, 2020, 8 months after the bottom.
How volatile is UJB?
Over the past 3 years UJB had an annualized volatility of 9.4% and a Sharpe ratio of 0.61 (excess return over 1–3 month T-bills per unit of risk).