UBT vs JMM

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

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

UBT vs JMM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

UBT

$62M

JMM

$62M

Max Drawdown

UBT

80.57%

Winner

JMM

49.78%

Sharpe Ratio

Winner

UBT

-0.24

JMM

-0.58

5Y Beta

Winner

UBT

0.08

JMM

0.14

5Y Dividends CAGR

UBT

N/A

JMM

2.92%

UBT vs JMM - Historical Returns

Returns include dividend reinvestment.

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

UBT

-6.67%

Winner

JMM

-0.71%

UBT

-6.84%

Winner

JMM

-1.07%

UBT

-8.76%

Winner

JMM

-4.65%

Winner

UBT

-2.67%

JMM

-3.75%

5Y(CAGR)

UBT

-20.69%

Winner

JMM

+0.25%

10Y(CAGR)

UBT

-9.47%

Winner

JMM

+2.85%

Max(CAGR)

UBT

+0.30%

Winner

JMM

+5.62%

UBT vs JMM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

UBT vs JMM Drawdown Comparison

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

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

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

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

Correlation

Correlation between UBT and JMM 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)

UBT vs JMM dividend yield comparison.

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