ProShares UltraShort 20+ Year Treasury (TBT) 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 TBT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TBT
TBT charges 0.93% annually. There is 1 ETF in the Inverse Bonds category with a lower expense ratio, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Interest Rate Hedge ETF | 0.50% | 182.81M | May 2021 | TBT vs PFIX | |
| ProShares Short 20+ Year Treasury | 0.94% | 105.18M | Aug 2009 | TBT vs TBF | |
| ProShares UltraShort 7-10 Year Treasury | 0.95% | 10.62M | Apr 2008 | TBT vs PST | |
| ProShares Short High Yield | 0.95% | 47.96M | Mar 2011 | TBT vs SJB | |
| ProShares Short 7-10 Year Treasury | 0.95% | 20.91M | Apr 2011 | TBT vs TBX |
Best Risk-Adjusted Alternatives to TBT
TBT has a PortfoliosLab risk / return rank of 23. There are 3 ETFs in the Inverse Bonds category with higher risk-adjusted ranks, going as high as 39.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short 7-10 Year Treasury | 39 | 20.91M | Apr 2011 | TBT vs TBX | |
| ProShares Short 20+ Year Treasury | 28 | 105.18M | Aug 2009 | TBT vs TBF | |
| ProShares UltraShort 7-10 Year Treasury | 27 | 10.62M | Apr 2008 | TBT vs PST | |
| ProShares Short High Yield | 14 | 47.96M | Mar 2011 | TBT vs SJB | |
| Simplify Interest Rate Hedge ETF | 13 | 182.81M | May 2021 | TBT vs PFIX |
Top Performing TBT Alternatives (YTD)
TBT is at 11.24% YTD. No ETFs in the Inverse Bonds category have higher YTD returns; the top-performing alternatives shown here go as high as 10.66%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Interest Rate Hedge ETF | 10.66% | 182.81M | May 2021 | TBT vs PFIX | |
| ProShares UltraShort 7-10 Year Treasury | 7.74% | 10.62M | Apr 2008 | TBT vs PST | |
| ProShares Short 20+ Year Treasury | 6.75% | 105.18M | Aug 2009 | TBT vs TBF | |
| ProShares Short 7-10 Year Treasury | 4.71% | 20.91M | Apr 2011 | TBT vs TBX | |
| ProShares Short High Yield | 1.17% | 47.96M | Mar 2011 | TBT vs SJB |
Lowest Volatility Alternatives to TBT
TBT has 18.92% 1-year volatility. There are 4 ETFs in the Inverse Bonds category with lower 1-year volatility, going as low as 3.94%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Short High Yield | 3.94% | 47.96M | Mar 2011 | TBT vs SJB | |
| ProShares Short 7-10 Year Treasury | 4.69% | 20.91M | Apr 2011 | TBT vs TBX | |
| ProShares Short 20+ Year Treasury | 9.18% | 105.18M | Aug 2009 | TBT vs TBF | |
| ProShares UltraShort 7-10 Year Treasury | 9.39% | 10.62M | Apr 2008 | TBT vs PST | |
| Simplify Interest Rate Hedge ETF | 29.31% | 182.81M | May 2021 | TBT vs PFIX |
Lowest Drawdown Alternatives to TBT
TBT has a 1-year max drawdown of -13.23%. There are 4 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 | TBT vs TBX | |
| ProShares Short High Yield | -2.74% | 47.96M | Mar 2011 | TBT vs SJB | |
| ProShares UltraShort 7-10 Year Treasury | -4.73% | 10.62M | Apr 2008 | TBT vs PST | |
| ProShares Short 20+ Year Treasury | -6.52% | 105.18M | Aug 2009 | TBT vs TBF | |
| Simplify Interest Rate Hedge ETF | -23.71% | 182.81M | May 2021 | TBT 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 | 36 | 23.06% | 32.83B | Feb 2010 | TBT vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 39 | 18.94% | 12.76B | Jun 2006 | TBT vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 1 | -29.42% | 1.41B | Oct 2021 | TBT vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 50 | 21.72% | 5.15B | Jun 2009 | TBT vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 54 | 16.14% | 7.81B | Jun 2006 | TBT vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 47 | 10.84% | 11.68B | Oct 2013 | TBT vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 52 | 50.25% | 2.47B | Jan 2007 | TBT vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 2 | -34.61% | 2.00B | Feb 2010 | TBT vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 44 | 10.08% | 394.37M | Mar 2024 | TBT vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 2 | -35.24% | 244.68M | Oct 2011 | TBT vs UVXY |
Often Compared With TBT
Investors most often compare TBT with TLT, TMF, TMV. These 19 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare TBT with Any Fund or Stock
Compare TBT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TBT with funds that move differently
ProShares UltraShort 20+ Year Treasury alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TBT.
Explore TBT Diversifiers