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
US74347X8496
74347X849
Aug 20, 2009
North America (U.S.)
1x
U.S. Treasury 20+ Year Index (-100%)
Expense Ratio
TBF has a high expense ratio of 0.94%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
ProShares Short 20+ Year Treasury (TBF) returned 4.32% year-to-date (YTD) and 10.85% over the past 12 months. Over the past 10 years, TBF returned 1.20% annually, underperforming the S&P 500 benchmark at 10.64%.
TBF
4.32%
2.45%
8.03%
10.85%
13.10%
12.94%
1.20%
^GSPC (Benchmark)
-0.63%
13.31%
-1.23%
9.83%
14.42%
14.61%
10.64%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -0.08% | -4.79% | 1.57% | 1.74% | 6.12% | 4.32% | |||||||
| 2024 | 3.26% | 2.50% | -0.17% | 7.55% | -2.25% | -1.30% | -2.86% | -1.73% | -1.22% | 6.37% | -1.66% | 7.58% | 16.33% |
| 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% | -4.53% | -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% | -5.00% | 2.28% | -6.18% | -0.75% | -0.10% | -9.97% | 2.85% | 1.12% | 0.47% | 3.23% | -10.97% |
| 2018 | 3.43% | 3.23% | -2.78% | 2.33% | -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% | 6.26% | -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% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TBF is 58, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
ProShares Short 20+ Year Treasury provided a 4.07% dividend yield over the last twelve months, with an annual payout of $1.04 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.04 | $1.00 | $1.10 | $0.08 | $0.00 | $0.04 | $0.33 | $0.20 |
Dividend yield | 4.07% | 4.06% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.21 | |||||||
| 2024 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.26 | $1.00 |
| 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 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $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. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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 43.05%.
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 chart below shows the rolling one-month volatility.
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