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ETFs

ProShares Short High Yield

SJB
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Today’s Change
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Snapshot
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Inception Date
Mar 21, 2011
Expense Ratio
0.95%
Type
US Bonds
Fund Owner
ProShares
Volume (1m avg. daily)
$4,173,615
AUM
$185,555,180
Associated Index
Markit iBoxx $ Liquid High Yield Index
Inverse/Leveraged
Inverse (-1)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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Derivatives offset
99.67%
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Net Other Assets (Liabilities)
60.65%
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TREASURY BILL
39.35%
Invest with SJB
Trade SJB Options

What is SJB?

ProShares Short High Yield seeks daily investment results, before fees and expenses, that correspond to the inverse (opposite) of the daily performance of the Markit iBoxx $ Liquid High Yield Index. Markit iBoxx $ Liquid High Yield Index is a modified market-value weighted index designed to provide a balanced representation of U.S. dollar-denominated high yield corporate bonds for sale within the United States.

1M
3M
6M
YTD
1Y
3Y
Max
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SJB
Performance Measures**

for the time period Mar 22, 2011 to Dec 4, 2025

Returns

1M Trailing Return: -0.7%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 0.3%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -58.1%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 8.6%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: -0.59

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.09

The annualized return divided by the max drawdown for the selected time period.

ETFs related toSJB

ETFs correlated to SJB include SPXU, SPXS, SDS

SJB
ProShares Trust - ProShares Short High Yield -1x Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
SRTY
ProShares Trust - ProShares UltraPro Short Russell2000 -3x Shares
EFZ
ProShares Trust - ProShares Short MSCI EAFE -1X Shares
TZA
Direxion Shares ETF Trust - Direxion Daily Small Cap Bear 3X Shares
EPV
ProShares Trust - ProShares UltraShort FTSE Europe -2X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toSJB

Protected Leverage v2.4c 3x S&P 500 / NASDAQ v1.1 + Blend: V4 & V5 CFS + BBD, BHFEAR | BIL - K-1 Free

Category

Leveraged equity timing, risk-on/risk-off, momentum/RSI, buy-the-dip, volatility targeting, bonds, currencies, commodities, defensive hedges

OOS Cumulative Return

199.9%

Protected Leverage v2.5a + V1e Fund Surfing - K-1 Free

Category

Tactical allocation, risk-on/risk-off, leveraged ETFs, mean reversion, momentum, defensive hedges, currencies & commodities, K‑1 free, daily rebalance

OOS Cumulative Return

190.74%

Create your own algorithmic trading strategy with SJB using Composer

FAQ

SJB is a US Bonds ETF. ProShares Short High Yield seeks daily investment results, before fees and expenses, that correspond to the inverse (opposite) of the daily performance of the Markit iBoxx $ Liquid High Yield Index. Markit iBoxx $ Liquid High Yield Index is a modified market-value weighted index designed to provide a balanced representation of U.S. dollar-denominated high yield corporate bonds for sale within the United States.

SJB tracks the Markit iBoxx $ Liquid High Yield Index.

No, SJB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SJB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SJB is 0.0047%. This is the percent change in the value of SJB over the most recent 1-month period. The 3-month return on SJB is 0.0036%. This is the percent change in the value of SJB over the most recent 3-month period.

The standard deviation of SJB for the past year is 0.0975%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SJB include PST, TMV, and TTT.

ETFs correlated to SJB include SPXU, SPXS, and SDS.

ETFs that are inversely correlated to SJB include HYG, JNK, and HYLB.

No, SJB is not a leveraged ETF.

Yes, SJB is a Inverse (-1) leveraged ETF: This means that SJB will try to match the performance of Markit iBoxx $ Liquid High Yield Index, but move 1x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.