SJB

ProShares Short High Yield
*Unless otherwise stated, data provided by FactSet.

SJB Fund Description

SJB provides inverse exposure, reset daily, to a modified market-value-weighted index comprising US-dollar-denominated corporate high-yield bonds with maturities between 3 and 15 years.

SJB Factset Analytics Insight

SJB offers a somewhat liquid option for betting against high-yield bonds. The fund delivers the inverse of daily returns of a high-yield US-dollar-denominated bond index that comprises issues ranging between 3 and 15 years to maturity. SJB's target index has a duration of 4, meaning that for every 1 bp parallel rise in interest rates, the fund should rise roughly 4 bps. However, the daily reset will prevent the inverse relationship from holding true for more than 1 day. Even if rates remained unchanged, the fund may also appreciate should credit spreads widen on high-yield debt. SJB charges a 95 bp management fee, in-line with other levered ETPs. Daily average trading volume may fall short of the needs of larger retail investors, and average spreads are a bit wider than we'd like, but large traders can find some cost relief by working trades through a liquidity provider.

SJB MSCI ESG Analytics Insight

ProShares Short High Yield has an MSCI ESG Fund Rating of A based on a score of 6.70 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. ProShares Short High Yield ranks in the 83th percentile within its peer group and in the 0th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

SJB CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 08/21/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SJB -0.07% -1.77% -8.18% -4.43% -5.00% -4.65% --
SJB (NAV) -0.56% -1.77% -8.59% -4.81% -5.12% -4.67% --
iBoxx $ Liquid High Yield Index 0.52% 2.13% 10.62% 6.80% 5.77% 4.31% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SJB Summary Data

ProShares
03/21/11
Open-Ended Fund
0.95%
$118.08M
0.05%

SJB Portfolio Data

1.20%
09/25/19

SJB Index Data

Market Value
Market Value
N/A

SJB Fund Structure

Yes
No
No Policy
N/A
N/A
Low
-1
Daily

SJB Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

SJB Factset Analytics Block Liquidity

As of 08/22/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of SJB. SJB is rated a N/A out of 5.

SJB Tradability

83,413
$1.79M
47,685
$1.02M
0.05%
$0.01
-0.01%
0.33% / -0.18%
None
0.00%
50,000
0.95
0.02%
--
2,804
$21.38
N/A

SJB MSCI ESG Ratings

A
6.70 / 10
--
82.96
--
--
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