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ProShares Ultra 20+ Year Treasury (UBT)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISINUS74347R1721
CUSIP74347R172
IssuerProShares
Inception DateJan 19, 2010
RegionNorth America (U.S.)
CategoryLeveraged Bonds, Leveraged
Leveraged2x
Index TrackedBarclays Capital U.S. 20+ Year Treasury Index (200%)
Home Pagewww.proshares.com
Asset ClassBond

Expense Ratio

UBT has a high expense ratio of 0.95%, indicating higher-than-average management fees.


Expense ratio chart for UBT: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


ProShares Ultra 20+ Year Treasury

Popular comparisons: UBT vs. TLT, UBT vs. TMF, UBT vs. SPLG, UBT vs. EDV, UBT vs. VT, UBT vs. PDBC, UBT vs. LTPZ, UBT vs. KMLM, UBT vs. QLD, UBT vs. SPY

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in ProShares Ultra 20+ 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.


-20.00%-10.00%0.00%10.00%20.00%2024FebruaryMarchAprilMayJune
-5.76%
15.76%
UBT (ProShares Ultra 20+ Year Treasury)
Benchmark (^GSPC)

S&P 500

Returns By Period

ProShares Ultra 20+ Year Treasury had a return of -13.99% year-to-date (YTD) and -20.31% in the last 12 months. Over the past 10 years, ProShares Ultra 20+ Year Treasury had an annualized return of -3.63%, while the S&P 500 had an annualized return of 10.77%, indicating that ProShares Ultra 20+ Year Treasury did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date-13.99%12.69%
1 month4.07%2.92%
6 months-5.76%15.76%
1 year-20.31%23.89%
5 years (annualized)-14.61%13.23%
10 years (annualized)-3.63%10.77%

Monthly Returns

The table below presents the monthly returns of UBT, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-5.65%-4.91%0.97%-13.07%5.24%-13.99%
202314.42%-9.70%9.06%0.04%-6.54%-0.66%-5.46%-6.67%-16.01%-11.60%19.38%17.69%-3.68%
2022-7.07%-3.81%-11.63%-17.88%-4.70%-2.85%4.10%-9.29%-16.42%-12.83%14.45%-5.96%-55.54%
2021-7.36%-11.27%-10.33%4.53%-0.06%8.68%7.48%-0.72%-5.93%4.50%5.37%-5.01%-12.14%
202015.90%13.80%9.74%2.04%-4.16%0.41%8.78%-10.11%1.58%-7.00%2.85%-2.33%31.87%
20190.08%-2.91%10.98%-4.16%13.90%1.65%0.21%22.72%-5.77%-2.55%-1.23%-6.75%24.46%
2018-6.62%-6.34%5.52%-4.43%3.48%1.00%-2.97%2.22%-5.84%-6.21%3.08%12.30%-6.54%
20171.27%3.22%-1.60%2.88%3.56%1.56%-1.69%6.77%-4.80%-0.16%1.11%3.42%16.12%
201612.03%5.95%0.48%-2.11%1.35%13.74%4.34%-2.46%-2.41%-9.58%-15.69%-1.34%0.54%
201520.06%-12.47%2.05%-6.90%-4.94%-8.47%9.23%-1.42%3.28%-1.43%-1.43%-1.91%-7.93%
201413.08%0.90%1.28%4.20%5.67%-0.57%1.47%8.71%-3.88%5.76%5.86%6.80%60.42%
2013-6.80%2.55%-1.07%9.63%-13.12%-6.92%-4.90%-2.35%0.81%2.90%-5.33%-4.22%-26.78%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of UBT is 4, indicating that it is in the bottom 4% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of UBT is 44
UBT (ProShares Ultra 20+ Year Treasury)
The Sharpe Ratio Rank of UBT is 33Sharpe Ratio Rank
The Sortino Ratio Rank of UBT is 44Sortino Ratio Rank
The Omega Ratio Rank of UBT is 44Omega Ratio Rank
The Calmar Ratio Rank of UBT is 44Calmar Ratio Rank
The Martin Ratio Rank of UBT is 33Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for ProShares Ultra 20+ Year Treasury (UBT) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


UBT
Sharpe ratio
The chart of Sharpe ratio for UBT, currently valued at -0.61, compared to the broader market0.002.004.006.00-0.61
Sortino ratio
The chart of Sortino ratio for UBT, currently valued at -0.70, compared to the broader market0.005.0010.00-0.70
Omega ratio
The chart of Omega ratio for UBT, currently valued at 0.92, compared to the broader market0.501.001.502.002.503.000.92
Calmar ratio
The chart of Calmar ratio for UBT, currently valued at -0.25, compared to the broader market0.005.0010.0015.0020.00-0.25
Martin ratio
The chart of Martin ratio for UBT, currently valued at -0.96, compared to the broader market0.0020.0040.0060.0080.00100.00-0.96
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.21, compared to the broader market0.002.004.006.002.21
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.13, compared to the broader market0.005.0010.003.13
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.39, compared to the broader market0.501.001.502.002.503.001.39
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.77, compared to the broader market0.005.0010.0015.0020.001.77
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 8.30, compared to the broader market0.0020.0040.0060.0080.00100.008.30

Sharpe Ratio

The current ProShares Ultra 20+ Year Treasury Sharpe ratio is -0.61. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of ProShares Ultra 20+ Year Treasury with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.002024FebruaryMarchAprilMayJune
-0.61
2.21
UBT (ProShares Ultra 20+ Year Treasury)
Benchmark (^GSPC)

Dividends

Dividend History

ProShares Ultra 20+ Year Treasury granted a 4.21% dividend yield in the last twelve months. The annual payout for that period amounted to $0.81 per share.


PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.81$0.80$0.07$0.00$0.16$0.71$0.60$0.57$0.27$0.57$0.32$0.04

Dividend yield

4.21%3.54%0.30%0.00%0.26%1.50%1.55%1.37%0.75%1.56%0.79%0.17%

Monthly Dividends

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.15$0.00$0.00$0.00$0.15
2023$0.00$0.00$0.14$0.00$0.00$0.24$0.00$0.00$0.20$0.00$0.00$0.22$0.80
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.07$0.07
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
2020$0.00$0.00$0.16$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.16
2019$0.00$0.00$0.13$0.00$0.00$0.24$0.00$0.00$0.12$0.00$0.00$0.23$0.71
2018$0.00$0.00$0.11$0.00$0.00$0.18$0.00$0.00$0.14$0.00$0.00$0.17$0.60
2017$0.00$0.00$0.17$0.00$0.00$0.12$0.00$0.00$0.13$0.00$0.00$0.15$0.57
2016$0.00$0.00$0.10$0.00$0.00$0.11$0.00$0.00$0.06$0.00$0.00$0.00$0.27
2015$0.00$0.00$0.09$0.00$0.00$0.17$0.00$0.00$0.16$0.00$0.00$0.16$0.57
2014$0.00$0.00$0.00$0.00$0.00$0.10$0.00$0.00$0.13$0.00$0.00$0.10$0.32
2013$0.01$0.00$0.00$0.03$0.00$0.00$0.00$0.00$0.00$0.00$0.04

Drawdowns

Drawdowns Chart

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


-80.00%-60.00%-40.00%-20.00%0.00%2024FebruaryMarchAprilMayJune
-74.14%
0
UBT (ProShares Ultra 20+ Year Treasury)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the ProShares Ultra 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 ProShares Ultra 20+ Year Treasury was 78.90%, occurring on Oct 19, 2023. The portfolio has not yet recovered.

The current ProShares Ultra 20+ Year Treasury drawdown is 74.14%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-78.9%Mar 10, 2020911Oct 19, 2023
-38.31%Jul 26, 2012269Aug 21, 2013331Dec 12, 2014600
-36.38%Jul 11, 2016586Nov 2, 2018188Aug 6, 2019774
-32.2%Aug 27, 2010116Feb 10, 2011123Aug 8, 2011239
-30.26%Feb 2, 2015102Jun 26, 2015244Jun 16, 2016346

Volatility

Volatility Chart

The current ProShares Ultra 20+ Year Treasury volatility is 8.53%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%2024FebruaryMarchAprilMayJune
8.53%
2.41%
UBT (ProShares Ultra 20+ Year Treasury)
Benchmark (^GSPC)