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ProShares Short 7-10 Year Treasury (TBX)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US74348A6082
CUSIP
74348A608
Issuer
ProShares
Inception Date
Apr 4, 2011
Region
North America (U.S.)
Leveraged
1x (No leverage)
Index Tracked
ICE BofA US Treasury (7-10 Y) (-100%)
Distribution Policy
Distributing
Asset Class
Bond

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in ProShares Short 7-10 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.


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S&P 500 Index

Returns By Period

ProShares Short 7-10 Year Treasury (TBX) has returned 1.49% so far this year and 2.81% over the past 12 months. Over the last ten years, TBX has returned 1.72% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


ProShares Short 7-10 Year Treasury

1D
-0.16%
1M
2.80%
YTD
1.49%
6M
2.14%
1Y
2.81%
3Y*
5.08%
5Y*
5.32%
10Y*
1.72%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Apr 5, 2011, TBX's average daily return is 0.00%, while the average monthly return is -0.09%.

Historically, 48% of months were positive and 52% were negative. The best month was Sep 2022 with a return of +5.1%, while the worst month was Aug 2011 at -5.0%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 7 months.

On a daily basis, TBX closed higher 47% of trading days. The best single day was May 23, 2025 with a return of +3.9%, while the worst single day was May 27, 2025 at -4.1%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.65%-1.91%2.80%1.49%
20250.04%-2.22%-0.23%0.12%1.53%-0.97%1.18%-1.03%-0.15%-0.08%-0.55%1.28%-1.15%
20240.31%2.72%-0.10%4.03%-1.00%-0.66%-2.03%-0.79%-0.74%4.31%-0.14%2.54%8.52%
2023-2.86%3.66%-3.09%-0.29%2.03%2.06%1.29%1.44%3.90%2.67%-3.60%-2.86%3.99%
20222.08%0.24%3.90%4.14%-0.63%0.79%-3.23%4.52%5.10%1.67%-3.26%2.05%18.31%
20210.94%2.34%2.19%-1.07%-0.84%-0.93%-1.96%0.17%1.54%0.37%-1.43%0.48%1.70%

Benchmark Metrics

ProShares Short 7-10 Year Treasury has an annualized alpha of -2.01%, beta of 0.09, and R² of 0.04 versus S&P 500 Index. Calculated based on daily prices since April 06, 2011.

  • This ETF participated in 1.89% of S&P 500 Index downside but only -3.34% of its upside — more exposed to losses than it benefited from rallies.
  • Beta of 0.09 may look defensive, but with R² of 0.04 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
  • R² of 0.04 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
-2.01%
Beta
0.09
0.04
Upside Capture
-3.34%
Downside Capture
1.89%

Expense Ratio

TBX has a high expense ratio of 0.95%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

TBX ranks 18 for risk / return — in the bottom 18% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.


TBX Risk / Return Rank: 1818
Overall Rank
TBX Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
TBX Sortino Ratio Rank: 1919
Sortino Ratio Rank
TBX Omega Ratio Rank: 2020
Omega Ratio Rank
TBX Calmar Ratio Rank: 1818
Calmar Ratio Rank
TBX Martin Ratio Rank: 1515
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for ProShares Short 7-10 Year Treasury (TBX) and compare them to a chosen benchmark (S&P 500 Index).


TBXBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.33

0.90

-0.57

Sortino ratio

Return per unit of downside risk

0.53

1.39

-0.86

Omega ratio

Gain probability vs. loss probability

1.08

1.21

-0.13

Calmar ratio

Return relative to maximum drawdown

0.30

1.40

-1.10

Martin ratio

Return relative to average drawdown

0.42

6.61

-6.19

Explore TBX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

ProShares Short 7-10 Year Treasury provided a 3.09% dividend yield over the last twelve months, with an annual payout of $0.87 per share.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%7.00%$0.00$0.50$1.00$1.50$2.0020182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018
Dividend$0.87$0.96$1.91$1.16$0.12$0.00$0.02$0.41$0.20

Dividend yield

3.09%3.45%6.58%4.07%0.40%0.00%0.10%1.53%0.72%

Monthly Dividends

The table displays the monthly dividend distributions for ProShares Short 7-10 Year Treasury. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.13$0.13
2025$0.00$0.00$0.22$0.00$0.00$0.19$0.00$0.00$0.24$0.00$0.00$0.30$0.96
2024$0.00$0.00$0.21$0.00$0.00$0.36$0.00$0.00$0.32$0.00$0.00$1.02$1.91
2023$0.00$0.00$0.10$0.00$0.00$0.22$0.00$0.00$0.12$0.00$0.00$0.73$1.16
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.12$0.12
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

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 7-10 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 7-10 Year Treasury was 41.04%, occurring on Aug 4, 2020. The portfolio has not yet recovered.

The current ProShares Short 7-10 Year Treasury drawdown is 18.36%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-41.04%Apr 12, 20112344Aug 4, 2020

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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