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 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 04/17/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SJB -1.42% -3.64% -7.20% -4.60% -7.00% -4.93% --
SJB (NAV) -1.28% -3.68% -7.24% -4.64% -7.00% -4.96% --
iBoxx $ Liquid High Yield Index 1.75% 4.73% 8.66% 6.38% 7.63% 4.35% --
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%
$110.77M
0.05%

SJB Portfolio Data

1.01%
06/25/19

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 04/19/19
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 5 out of 5.

SJB Tradability

87,370
$1.93M
63,136
$1.41M
0.05%
$0.01
0.00%
0.33% / -0.18%
None
0.00%
50,000
1.26
0.02%
--
5,101
$21.77
5