- ISIN
- US74348A4913
- CUSIP
- 74348A491
- Issuer
- ProShares
- Inception Date
- Mar 27, 2012
- Region
- North America (U.S.)
- Category
- Leveraged Bonds
- Leveraged
- 3x
- Index Tracked
- Barclays Capital U.S. 20+ Year Treasury Index (-300%)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $19M
Highlights
- Avg. Volume (1M)
- 4K
- Avg. Volume Value (1M)
- $307.25K
Share Price Chart
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Performance
TTT Performance Chart
UltraPro Short 20+ Year Treasury (TTT) is up 16.2% since the beginning of the year. TTT is currently trading at $77 per share. Investors who bought $1,000 worth of TTT shares 5 years ago would now be looking at an investment worth $3,126.
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Compare this symbol against anything
Returns By Period
UltraPro Short 20+ Year Treasury (TTT) has returned 16.17% so far this year and 16.61% over the past 12 months. Over the last ten years, TTT has returned 1.47% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
UltraPro Short 20+ Year Treasury
- 1D
- 2.51%
- 1M
- 13.81%
- 6M
- 14.99%
- YTD
- 16.17%
- 1Y
- 16.61%
- 3Y*
- 10.12%
- 5Y*
- 25.60%
- 10Y*
- 1.47%
- ALL TIME*
- -8.89%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
TTT Monthly Returns History
Based on dividend-adjusted daily data since Mar 29, 2012, TTT's average daily return is 0.00%, while the average monthly return is -0.12%.
Historically, 51% of months were positive and 49% were negative. The best month was Apr 2022 with a return of +32.9%, while the worst month was Mar 2020 at -30.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, TTT closed higher 48% of trading days. The best single day was Mar 17, 2020 with a return of +17.9%, while the worst single day was Mar 20, 2020 at -16.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.03% | -12.37% | 14.15% | 3.52% | -0.71% | -3.93% | 16.42% | 16.17% | |||||
| 2025 | -2.54% | -14.93% | 4.56% | 2.87% | 11.27% | -7.50% | 4.06% | 0.86% | -9.38% | -3.44% | 0.01% | 9.27% | -7.89% |
| 2024 | 8.35% | 6.96% | -1.83% | 22.64% | -7.39% | -4.90% | -9.67% | -6.56% | -4.43% | 18.83% | -5.32% | 23.80% | 38.07% |
| 2023 | -19.85% | 15.50% | -14.23% | -0.94% | 9.34% | 0.16% | 8.50% | 9.99% | 27.95% | 16.64% | -25.21% | -22.66% | -11.25% |
| 2022 | 10.71% | 3.59% | 14.72% | 32.87% | 4.66% | 2.09% | -8.30% | 13.39% | 26.62% | 19.67% | -20.12% | 6.41% | 150.17% |
| 2021 | 10.75% | 17.77% | 16.43% | -7.56% | -0.28% | -12.94% | -11.71% | 0.03% | 8.23% | -7.97% | -9.38% | 5.57% | 2.55% |
Benchmark Metrics
UltraPro Short 20+ Year Treasury has an annualized alpha of -7.08%, beta of 0.53, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since March 29, 2012.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -1.90%), but participation in market rallies was also limited (-28.81%) - a profile typical of counter-cyclical assets.
- Beta of 0.53 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
- -7.08%
- Beta
- 0.53
- R²
- 0.04
- Upside Capture
- -28.81%
- Downside Capture
- -1.90%
Expense Ratio
TTT has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TTT ranks 21 for risk / return — above 21% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for UltraPro Short 20+ Year Treasury (TTT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TTT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.25 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 2.00 | -1.38 |
| Martin ratioReturn relative to average drawdown | 1.24 | 8.49 | -7.25 |
Dividends
Dividend History
UltraPro Short 20+ Year Treasury provided a 8.35% dividend yield over the last twelve months, with an annual payout of $6.42 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $6.42 | $6.61 | $3.88 | $7.41 | $0.26 | $0.00 | $0.09 | $1.24 | $0.46 |
Dividend yield | 8.35% | 9.87% | 4.86% | 12.15% | 0.34% | 0.00% | 0.29% | 1.88% | 0.44% |
Monthly Dividends
The table displays the monthly dividend distributions for UltraPro 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.40 | $0.00 | $0.73 | |||||
| 2025 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $5.21 | $6.61 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $3.48 | $3.88 |
| 2023 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $6.69 | $7.41 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 | $0.26 |
| 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 UltraPro 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 UltraPro Short 20+ Year Treasury was 94.00%, occurring on Aug 4, 2020. The portfolio has not yet recovered.
The current UltraPro Short 20+ Year Treasury drawdown is 75.64%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-94.00%Aug 2020 | 8y 4mo | — | 14y 4moApr 2012 - now | — |
-0.43%Apr 2012 | 1d | 1d | 1dApr 2012 - Apr 2012 | — |
-0.14%Mar 2012 | 1d | 1d | 1dMar 2012 - Mar 2012 | — |
Drawdown Indicators
| TTT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.00% | -56.78% | -37.22% |
Max Drawdown (1Y)Largest decline over 1 year | -19.51% | -9.10% | -10.41% |
Max Drawdown (3Y)Largest decline over 3 years | -49.69% | -18.90% | -30.79% |
Max Drawdown (5Y)Largest decline over 5 years | -49.69% | -25.43% | -24.26% |
Max Drawdown (10Y)Largest decline over 10 years | -81.76% | -33.92% | -47.84% |
Current DrawdownCurrent decline from peak | -75.64% | -1.58% | -74.06% |
Average DrawdownAverage peak-to-trough decline | -70.43% | -10.70% | -59.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.78% | 2.14% | +7.64% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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