ProShares Short 20+ Year Treasury (TBF)
TBF is a passive ETF by ProShares tracking the investment results of the U.S. Treasury 20+ Year Index (-100%). TBF launched on Aug 20, 2009 and has a 0.94% expense ratio.
ETF Info
| ISIN | US74347X8496 |
|---|---|
| CUSIP | 74347X849 |
| Issuer | ProShares |
| Inception Date | Aug 20, 2009 |
| Region | North America (U.S.) |
| Category | Inverse Bonds |
| Index Tracked | U.S. Treasury 20+ Year Index (-100%) |
| Asset Class | Bond |
Expense Ratio
TBF has a high expense ratio of 0.94%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: TBF vs. TMV, TBF vs. TLT, TBF vs. TTT, TBF vs. QQQ, TBF vs. UUP, TBF vs. BND, TBF vs. VOO, TBF vs. VGLT, TBF vs. EDV
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProShares Short 20+ Year Treasury, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ProShares Short 20+ Year Treasury had a return of 8.93% year-to-date (YTD) and 14.41% in the last 12 months. Over the past 10 years, ProShares Short 20+ Year Treasury had an annualized return of -1.10%, while the S&P 500 had an annualized return of 10.90%, indicating that ProShares Short 20+ Year Treasury did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.93% | 11.05% |
| 1 month | -3.74% | 4.86% |
| 6 months | -1.25% | 17.50% |
| 1 year | 14.41% | 27.37% |
| 5 years (annualized) | 3.65% | 13.14% |
| 10 years (annualized) | -1.10% | 10.90% |
Monthly Returns
The table below presents the monthly returns of TBF, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.26% | 2.50% | -0.17% | 7.55% | 8.93% | ||||||||
| 2023 | -6.88% | 5.68% | -4.42% | -0.00% | 3.55% | 0.44% | 3.18% | 3.84% | 9.19% | 6.16% | -8.80% | -7.56% | 2.43% |
| 2022 | 3.94% | 1.32% | 5.05% | 10.29% | 1.79% | 0.96% | -2.54% | 4.76% | 8.94% | 6.46% | -6.61% | 2.69% | 42.37% |
| 2021 | 3.17% | 5.71% | 5.29% | -2.37% | -0.06% | -4.52% | -3.97% | 0.06% | 2.84% | -2.76% | -2.90% | 1.52% | 1.33% |
| 2020 | -7.01% | -6.39% | -8.88% | -1.22% | 1.50% | -0.71% | -4.27% | 5.00% | -1.09% | 3.45% | -1.89% | 1.22% | -19.35% |
| 2019 | -0.13% | 1.57% | -4.99% | 2.28% | -6.18% | -0.75% | -0.10% | -9.97% | 2.85% | 1.12% | 0.47% | 3.23% | -10.96% |
| 2018 | 3.43% | 3.23% | -2.78% | 2.34% | -1.85% | -0.54% | 1.63% | -1.13% | 3.17% | 3.12% | -1.53% | -5.40% | 3.26% |
| 2017 | -0.67% | -1.60% | 0.47% | -1.53% | -1.86% | -0.84% | 0.76% | -3.31% | 2.33% | 0.04% | -0.71% | -1.75% | -8.46% |
| 2016 | -5.22% | -3.24% | -0.13% | 0.62% | -1.01% | -6.69% | -2.28% | 0.83% | 1.25% | 4.67% | 8.51% | 0.17% | -3.40% |
| 2015 | -8.93% | 6.27% | -1.44% | 3.25% | 2.06% | 3.76% | -4.65% | 0.40% | -2.35% | 0.29% | 0.69% | -0.12% | -1.67% |
| 2014 | -6.02% | -0.87% | -0.88% | -2.19% | -3.05% | -0.00% | -0.87% | -4.73% | 1.99% | -2.99% | -3.05% | -3.60% | -23.53% |
| 2013 | 3.03% | -1.42% | 0.23% | -4.78% | 7.06% | 2.92% | 2.17% | 1.03% | -1.11% | -1.51% | 2.46% | 1.76% | 11.95% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TBF is 32, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
TBF (ProShares Short 20+ Year Treasury)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProShares Short 20+ Year Treasury (TBF) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ProShares Short 20+ Year Treasury granted a 4.48% dividend yield in the last twelve months. The annual payout for that period amounted to $1.07 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $1.07 | $1.10 | $0.08 | $0.00 | $0.04 | $0.33 | $0.20 |
Dividend yield | 4.48% | 4.99% | 0.36% | 0.00% | 0.22% | 1.68% | 0.88% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Short 20+ Year Treasury. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.17 | |||||||
| 2023 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.40 | $1.10 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2019 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.33 |
| 2018 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.20 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares Short 20+ Year Treasury. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares Short 20+ Year Treasury was 70.40%, occurring on Aug 4, 2020. The portfolio has not yet recovered.
The current ProShares Short 20+ Year Treasury drawdown is 48.87%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -70.4% | Jan 12, 2010 | 2659 | Aug 4, 2020 | — | — | — |
| -6.94% | Aug 24, 2009 | 28 | Oct 1, 2009 | 57 | Dec 22, 2009 | 85 |
| -1.59% | Dec 29, 2009 | 5 | Jan 5, 2010 | 4 | Jan 11, 2010 | 9 |
Volatility
Volatility Chart
The current ProShares Short 20+ Year Treasury volatility is 2.81%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.