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ProShares UltraShort 20+ Year Treasury (TBT)

ETF · Currency in USD · Last updated Jan 27, 2023

TBT is a passive ETF by ProShares tracking the investment results of the U.S. Treasury 20+ Year Index (-200%). TBT launched on May 1, 2008 and has a 0.92% expense ratio.

ETF Info

ISINUS74347B2016
CUSIP74347B201
IssuerProShares
Inception DateMay 1, 2008
RegionNorth America (U.S.)
CategoryLeveraged Bonds, Leveraged
Leveraged2x
Expense Ratio0.92%
Index TrackedU.S. Treasury 20+ Year Index (-200%)
Asset ClassBond

Trading Data

Previous Close$28.80
Year Range$17.89 - $38.73
EMA (50)$30.02
EMA (200)$27.61
Average Volume$3.70M

TBTShare Price Chart


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TBTPerformance

The chart shows the growth of $10,000 invested in ProShares UltraShort 20+ Year Treasury in Jan 2010 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $1,456 for a total return of roughly -85.44%. All prices are adjusted for splits and dividends.


-20.00%0.00%20.00%40.00%60.00%AugustSeptemberOctoberNovemberDecember2023
14.20%
-1.69%
TBT (ProShares UltraShort 20+ Year Treasury)
Benchmark (^GSPC)

TBTCompare to other instruments

Search for stocks, ETFs, and funds to compare with TBT

Popular comparisons: TBT vs. TLT, TBT vs. TTT, TBT vs. TBX

TBTReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
YTD-13.45%5.75%
1M-8.82%5.61%
6M12.98%0.92%
1Y55.01%-6.79%
5Y-3.96%7.18%
10Y-7.92%10.46%

TBTMonthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20227.46%2.48%10.11%21.29%3.26%1.95%-5.35%9.05%17.86%13.11%-13.40%4.77%
20217.06%11.66%10.75%-4.92%-0.10%-8.81%-7.81%-0.00%5.70%-5.34%-6.16%3.62%
2020-13.79%-12.37%-19.58%-2.49%3.00%-1.55%-8.62%10.39%-2.12%6.62%-3.82%1.99%
2019-0.57%2.89%-9.95%4.49%-12.22%-1.70%-0.41%-19.19%5.32%2.26%0.60%6.45%
20186.87%6.32%-5.43%4.41%-3.80%-1.13%3.03%-2.35%6.26%6.16%-3.19%-10.44%
2017-1.74%-3.44%1.03%-3.14%-3.75%-1.67%1.42%-6.54%4.65%0.03%-1.52%-3.62%
2016-10.55%-6.24%-0.27%0.95%-1.94%-13.15%-4.54%1.72%2.70%8.99%17.83%0.59%
2015-17.53%12.78%-2.97%6.57%4.15%7.14%-9.16%0.62%-4.70%0.46%1.40%-0.25%
2014-11.70%-1.56%-1.87%-4.28%-6.14%0.05%-1.80%-9.02%3.83%-6.02%-5.93%-6.85%
20136.30%-2.92%0.35%-9.10%14.05%6.33%3.96%1.93%-1.93%-3.07%4.93%3.45%
20120.00%4.54%8.26%-9.49%-16.53%2.52%-7.83%1.99%4.70%0.22%-3.12%4.79%
20115.43%-3.64%-0.50%-4.78%-6.96%4.04%-8.85%-19.09%-23.61%6.12%-5.14%-7.66%
2010-6.10%-0.04%3.49%-7.19%-10.87%-11.92%1.04%-16.12%3.92%8.77%2.32%6.50%

TBTSharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current ProShares UltraShort 20+ Year Treasury Sharpe ratio is 1.34. A Sharpe ratio greater than 1.0 is considered acceptable.

The chart below displays rolling 12-month Sharpe Ratio.


-1.000.001.002.003.00AugustSeptemberOctoberNovemberDecember2023
1.34
-0.28
TBT (ProShares UltraShort 20+ Year Treasury)
Benchmark (^GSPC)

TBTDividend History

ProShares UltraShort 20+ Year Treasury granted a 0.48% dividend yield in the last twelve months. The annual payout for that period amounted to $0.14 per share.


PeriodTTM20222021202020192018
Dividend$0.14$0.14$0.00$0.05$0.56$0.35

Dividend yield

0.48%0.42%0.00%0.28%2.13%1.01%

TBTMonthly Dividends

The table displays the monthly dividend distributions for ProShares UltraShort 20+ Year Treasury. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.14
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
2020$0.00$0.00$0.05$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2019$0.00$0.00$0.11$0.00$0.00$0.15$0.00$0.00$0.17$0.00$0.00$0.13
2018$0.03$0.00$0.00$0.07$0.00$0.00$0.10$0.00$0.00$0.15

TBTDrawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%FebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember2023
-85.72%
-15.35%
TBT (ProShares UltraShort 20+ Year Treasury)
Benchmark (^GSPC)

TBTWorst Drawdowns

The table below shows the maximum drawdowns of the ProShares UltraShort 20+ Year Treasury. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the ProShares UltraShort 20+ Year Treasury is 92.72%, recorded on Aug 4, 2020. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-92.72%Jan 12, 20102659Aug 4, 2020
-1.64%Jan 5, 20101Jan 5, 20101Jan 6, 20102
-0.16%Jan 7, 20102Jan 8, 20101Jan 11, 20103

TBTVolatility Chart

Current ProShares UltraShort 20+ Year Treasury volatility is 39.65%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


10.00%20.00%30.00%40.00%50.00%60.00%70.00%AugustSeptemberOctoberNovemberDecember2023
39.65%
16.79%
TBT (ProShares UltraShort 20+ Year Treasury)
Benchmark (^GSPC)