JMM vs UBT

Comparison between Nuveen Multi-Market Income Fund (JMM, ETF) and PROSHARES ULTRA 20+ YEAR TREASURY (UBT, ETF).

5-Year PerformanceJMM has outperformed UBT, delivering a return of +0.3% compared to -20.7%

JMM vs UBT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JMM(ETF)	UBT(ETF)
Net Assets	$62M	$62M
Max Drawdown	49.78%	80.57%
Sharpe Ratio	-0.58	-0.24
5Y Beta	0.14	0.08
5Y Dividends CAGR	2.92%	N/A

Net Assets

JMM

$62M

UBT

$62M

Max Drawdown

Winner

JMM

49.78%

UBT

80.57%

Sharpe Ratio

JMM

-0.58

Winner

UBT

-0.24

5Y Beta

JMM

0.14

Winner

UBT

0.08

5Y Dividends CAGR

JMM

2.92%

UBT

N/A

JMM vs UBT - Historical Returns

Returns include dividend reinvestment.

Period	JMM	UBT
1 month	-0.71%	-6.67%
3 months	-1.07%	-6.84%
6 months	-4.65%	-8.76%
1 year	-3.75%	-2.67%
5 years(CAGR)	+0.25%	-20.69%
10 years(CAGR)	+2.85%	-9.47%
Max(CAGR)	+5.62%	+0.30%

Winner

JMM

-0.71%

UBT

-6.67%

Winner

JMM

-1.07%

UBT

-6.84%

Winner

JMM

-4.65%

UBT

-8.76%

JMM

-3.75%

Winner

UBT

-2.67%

5Y(CAGR)

Winner

JMM

+0.25%

UBT

-20.69%

10Y(CAGR)

Winner

JMM

+2.85%

UBT

-9.47%

Max(CAGR)

Winner

JMM

+5.62%

UBT

+0.30%

JMM vs UBT - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	JMM	UBT
2026	-1.57%	-7.11%
2025	+4.90%	+1.44%
2024	+8.06%	-20.52%
2023	+6.54%	-6.93%
2022	-16.62%	-53.46%
2021	+10.98%	-11.80%
2020	+1.98%	+28.52%
2019	+13.39%	+23.49%
2018	-5.12%	-4.46%
2017	+10.38%	+14.90%
2016	+10.05%	-1.93%
2015	-3.73%	-9.46%
2014	+11.14%	+59.04%
2013	-7.11%	-24.72%
2012	+16.97%	+5.92%
2011	-0.76%	+75.00%
2010	+22.86%	+10.12%
2009	+41.47%	N/A
2008	-18.30%	N/A
2007	+4.19%	N/A
2006	+14.18%	N/A
2005	-1.18%	N/A
2004	+3.56%	N/A
2003	+8.27%	N/A
2002	+10.28%	N/A
2001	+10.71%	N/A
2000	+20.84%	N/A
1999	-5.79%	N/A

JMM vs UBT Drawdown Comparison

The maximum drawdown for JMM was -40.49%, occurring on Oct 10, 2008. Recovery took 376 trading sessions.

The maximum drawdown for UBT was -78.91%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

The current JMM drawdown is -6.60%. The current UBT drawdown is -77.75%.

Rank	JMM	UBT
#1	-40.49% Jan 31, 2008 - Jul 29, 2009	-78.91% Mar 9, 2020 - Oct 19, 2023
#2	-26.45% Feb 21, 2020 - Nov 19, 2020	-38.31% Jul 25, 2012 - Dec 12, 2014
#3	-24.18% Dec 31, 2021 - Mar 3, 2025	-36.37% Jul 8, 2016 - Aug 6, 2019
#4	-17.65% Oct 13, 2010 - Jul 25, 2012	-32.20% Aug 26, 2010 - Aug 8, 2011
#5	-16.18% May 9, 2013 - Feb 6, 2015	-30.26% Jan 30, 2015 - Jun 27, 2016
#6	-13.65% May 7, 2007 - Jan 31, 2008	-20.74% Oct 3, 2011 - Dec 19, 2011
#7	-10.41% Nov 5, 1999 - Jul 6, 2000	-20.35% Dec 19, 2011 - May 17, 2012
#8	-10.02% Jan 26, 2018 - May 21, 2019	-16.53% Aug 28, 2019 - Feb 21, 2020
#9	-9.92% Mar 27, 2025 - Jul 11, 2025	-9.70% Sep 22, 2011 - Oct 3, 2011
#10	-9.88% Sep 9, 2005 - Jul 27, 2006	-9.59% Aug 10, 2011 - Aug 18, 2011
#11	-9.81% Feb 27, 2004 - Oct 7, 2004	-8.97% Jun 1, 2012 - Jul 23, 2012
#12	-9.39% Feb 6, 2015 - Apr 4, 2016	-8.75% Aug 19, 2011 - Sep 2, 2011
#13	-8.67% Mar 2, 2005 - Jun 23, 2005	-8.71% Feb 8, 2010 - Apr 30, 2010
#14	-8.27% Feb 27, 2026 - Mar 27, 2026	-8.25% May 6, 2010 - May 20, 2010
#15	-7.77% Oct 28, 2009 - Dec 24, 2009	-6.40% Jul 1, 2010 - Jul 21, 2010

Correlation

Correlation between JMM and UBT is 0.20 which considered as a very weak or no correlation - the stocks move independently of each other.

0.20

-101

Dividend Comparison (2000 - 2026)

JMM vs UBT dividend yield comparison.

Year	JMM	UBT
2026	3.54%	1.26%
2025	5.76%	4.26%
2024	5.48%	4.50%
2023	5.58%	3.54%
2022	6.13%	0.30%
2021	4.60%	0.00%
2020	4.49%	0.26%
2019	4.86%	1.50%
2018	5.34%	1.55%
2017	5.63%	1.37%
2016	6.19%	0.75%
2015	6.76%	1.56%
2014	5.74%	0.79%
2013	7.23%	0.18%
2012	7.11%	0.07%
2011	8.19%	0.51%
2010	8.77%	0.69%
2009	9.31%	0.00%
2008	9.42%	0.00%
2007	6.46%	0.00%
2006	6.36%	0.00%
2005	6.97%	0.00%
2004	7.75%	0.00%
2003	7.79%	0.00%
2002	7.98%	0.00%
2001	7.81%	0.00%
2000	3.56%	0.00%