ProShares Short 20+ Year Treasury (TBF) belongs to the Inverse Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with TBF. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TBF
TBF charges 0.94% annually. There are 2 ETFs in the Inverse Bonds category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Interest Rate Hedge ETF | 0.50% | 182.81M | May 2021 | TBF vs PFIX | |
| ProShares UltraShort 20+ Year Treasury | 0.93% | 317.44M | Apr 2008 | TBF vs TBT | |
| ProShares Short 7-10 Year Treasury | 0.95% | 20.91M | Apr 2011 | TBF vs TBX | |
| ProShares UltraShort 7-10 Year Treasury | 0.95% | 10.62M | Apr 2008 | TBF vs PST | |
| ProShares Short High Yield | 0.95% | 47.96M | Mar 2011 | TBF vs SJB |
Best Risk-Adjusted Alternatives to TBF
TBF has a PortfoliosLab risk / return rank of 29. There are 2 ETFs in the Inverse Bonds category with higher risk-adjusted ranks, going as high as 40.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short 7-10 Year Treasury | 40 | 20.91M | Apr 2011 | TBF vs TBX | |
| ProShares UltraShort 7-10 Year Treasury | 29 | 10.62M | Apr 2008 | TBF vs PST | |
| ProShares UltraShort 20+ Year Treasury | 23 | 317.44M | Apr 2008 | TBF vs TBT | |
| Simplify Interest Rate Hedge ETF | 12 | 182.81M | May 2021 | TBF vs PFIX | |
| ProShares Short High Yield | 12 | 47.96M | Mar 2011 | TBF vs SJB |
Top Performing TBF Alternatives (YTD)
TBF is at 5.32% YTD. There are 3 ETFs in the Inverse Bonds category with higher YTD returns, going as high as 8.55%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares UltraShort 20+ Year Treasury | 8.55% | 317.44M | Apr 2008 | TBF vs TBT | |
| ProShares UltraShort 7-10 Year Treasury | 6.51% | 10.62M | Apr 2008 | TBF vs PST | |
| Simplify Interest Rate Hedge ETF | 5.83% | 182.81M | May 2021 | TBF vs PFIX | |
| ProShares Short 7-10 Year Treasury | 4.13% | 20.91M | Apr 2011 | TBF vs TBX | |
| ProShares Short High Yield | 0.71% | 47.96M | Mar 2011 | TBF vs SJB |
Lowest Volatility Alternatives to TBF
TBF has 9.11% 1-year volatility. There are 2 ETFs in the Inverse Bonds category with lower 1-year volatility, going as low as 3.95%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short High Yield | 3.95% | 47.96M | Mar 2011 | TBF vs SJB | |
| ProShares Short 7-10 Year Treasury | 4.58% | 20.91M | Apr 2011 | TBF vs TBX | |
| ProShares UltraShort 7-10 Year Treasury | 9.18% | 10.62M | Apr 2008 | TBF vs PST | |
| ProShares UltraShort 20+ Year Treasury | 18.76% | 317.44M | Apr 2008 | TBF vs TBT | |
| Simplify Interest Rate Hedge ETF | 29.10% | 182.81M | May 2021 | TBF vs PFIX |
Lowest Drawdown Alternatives to TBF
TBF has a 1-year max drawdown of -6.52%. There are 3 ETFs in the Inverse Bonds category with shallower 1-year drawdowns, going as shallow as -2.21%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short 7-10 Year Treasury | -2.21% | 20.91M | Apr 2011 | TBF vs TBX | |
| ProShares Short High Yield | -2.74% | 47.96M | Mar 2011 | TBF vs SJB | |
| ProShares UltraShort 7-10 Year Treasury | -4.73% | 10.62M | Apr 2008 | TBF vs PST | |
| ProShares UltraShort 20+ Year Treasury | -13.23% | 317.44M | Apr 2008 | TBF vs TBT | |
| Simplify Interest Rate Hedge ETF | -23.71% | 182.81M | May 2021 | TBF vs PFIX |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 10 categories. AUM among these funds goes as high as $33B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 43 | 38.71% | 32.83B | Feb 2010 | TBF vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 46 | 29.07% | 12.76B | Jun 2006 | TBF vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -27.23% | 1.41B | Oct 2021 | TBF vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 59 | 32.97% | 5.15B | Jun 2009 | TBF vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 61 | 23.30% | 7.81B | Jun 2006 | TBF vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 57 | 73.03% | 2.47B | Jan 2007 | TBF vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 45 | 13.23% | 11.68B | Oct 2013 | TBF vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -42.75% | 2.00B | Feb 2010 | TBF vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 48 | 13.55% | 394.37M | Mar 2024 | TBF vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -38.60% | 244.68M | Oct 2011 | TBF vs UVXY |
Often Compared With TBF
Investors most often compare TBF with TLT, TMV, TTT. These 20 comparison targets span 17 categories, based on PortfoliosLab usage data.
Compare TBF with Any Fund or Stock
Compare TBF with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TBF with funds that move differently
ProShares Short 20+ Year Treasury alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TBF.
Explore TBF Diversifiers