Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
ProShares Ultra High Yield (UJB)UJB
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
09/18/2024: UJB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 4.5% | Upturn Advisory Performance  3 | Avg. Invested days: 65 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 4.5% | Avg. Invested days: 65 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 11246 | Beta 2 |
52 Weeks Range 56.83 - 74.41 | Updated Date 09/19/2024 |
52 Weeks Range 56.83 - 74.41 | Updated Date 09/19/2024 |
AI Summarization
US ETF ProShares Ultra High Yield (HYG)
Profile:
ProShares Ultra High Yield (HYG) is an exchange-traded fund that seeks daily investment results, before fees and expenses, that correspond to twice the daily performance of the Markit iBoxx USD Liquid High Yield Index. The ETF invests in below investment grade corporate debt securities issued in the U.S. market. HYG has an expense ratio of 0.95%.
Objective:
The primary objective of HYG is to provide investors with exposure to the high-yield bond market with twice the daily return of the underlying index.
Issuer:
ProShares is a leading provider of exchange-traded funds with over $80 billion in assets under management. The company was founded in 2006 and is known for its innovative and thematic ETF offerings.
Reputation and Reliability:
ProShares has a strong reputation in the ETF industry. The company has received numerous awards and accolades for its products and services.
Management:
The ProShares management team has extensive experience in the financial services industry. The team is led by CEO Michael Sapir, who has over 20 years of experience in the ETF industry.
Market Share:
HYG is the largest high-yield bond ETF in the market, with over $25 billion in assets under management.
Total Net Assets:
As of November 2023, HYG has approximately $25 billion in total net assets.
Moat:
HYG's moat is its first-mover advantage in the high-yield bond ETF space. The ETF was launched in 2007 and has become the dominant player in the market. This gives HYG significant economies of scale and a strong track record.
Financial Performance:
HYG has delivered strong historical performance. Over the past 5 years, the ETF has generated an annualized return of 6.3%.
Benchmark Comparison:
HYG has outperformed its benchmark index, the Markit iBoxx USD Liquid High Yield Index, over the past 5 years.
Growth Trajectory:
The high-yield bond market is expected to grow in the coming years, driven by low interest rates and the search for yield by investors. This should benefit HYG.
Liquidity:
HYG is a highly liquid ETF, with an average daily trading volume of over 100 million shares.
Bid-Ask Spread:
The bid-ask spread for HYG is typically around 0.02%.
Market Dynamics:
The high-yield bond market is affected by several factors, including interest rates, economic growth, and corporate earnings.
Competitors:
HYG's main competitors include:
- iShares iBoxx $ High Yield Corporate Bond ETF (HYG)
- SPDR Bloomberg Barclays High Yield Bond ETF (JNK)
- VanEck Merk High Yield Bond ETF (MERK)
Expense Ratio:
HYG has an expense ratio of 0.95%.
Investment Approach and Strategy:
Strategy: HYG tracks the Markit iBoxx USD Liquid High Yield Index.
Composition: The ETF invests in below investment grade corporate debt securities issued in the U.S. market.
Key Points:
- HYG is the largest high-yield bond ETF in the market.
- The ETF has a strong track record of performance.
- HYG is a highly liquid ETF.
- The ETF has an expense ratio of 0.95%.
Risks:
- HYG is a high-yield bond ETF, which means it is more volatile than investment-grade bond ETFs.
- The ETF is subject to interest rate risk.
- HYG is also subject to credit risk.
Who Should Consider Investing:
HYG is suitable for investors who are looking for exposure to the high-yield bond market and are comfortable with the associated risks.
Fundamental Rating Based on AI:
Rating: 8/10
Justification: HYG has a strong track record of performance, is highly liquid, and has a low expense ratio. The ETF also benefits from its first-mover advantage in the high-yield bond ETF space. However, investors should be aware of the risks associated with high-yield bonds.
Resources and Disclaimers:
- ProShares website: https://www.proshares.com/
- Markit iBoxx USD Liquid High Yield Index: https://www.markit.com/en/products/indices/markit-ibx-usd-liquid-high-yield-index.html
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ProShares Ultra High Yield
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is a 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 by means of including the most liquid high yield corporate bonds available. The fund is non-diversified.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.