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ProShares Ultra 20+ Year Treasury (UBT)

ETF · Currency in USD · Last updated Dec 9, 2023

UBT is a passive ETF by ProShares tracking the investment results of the Barclays Capital U.S. 20+ Year Treasury Index (200%). UBT launched on Jan 19, 2010 and has a 0.95% expense ratio.

Summary

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%)
ETF Home Pagewww.proshares.com
Asset ClassBond

Expense Ratio

The ProShares Ultra 20+ Year Treasury has a high expense ratio of 0.95%, indicating higher-than-average management fees.


0.95%
0.00%2.15%

Share Price Chart


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Performance

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.


-30.00%-20.00%-10.00%0.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
-15.13%
7.11%
UBT (ProShares Ultra 20+ Year Treasury)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

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

ProShares Ultra 20+ Year Treasury

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

Return

ProShares Ultra 20+ Year Treasury had a return of -12.13% year-to-date (YTD) and -26.88% in the last 12 months. Over the past 10 years, ProShares Ultra 20+ Year Treasury had an annualized return of -1.33%, while the S&P 500 had an annualized return of 9.85%, indicating that ProShares Ultra 20+ Year Treasury did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date-12.13%19.92%
1 month11.59%5.06%
6 months-15.13%7.11%
1 year-26.88%16.17%
5 years (annualized)-9.82%11.84%
10 years (annualized)-1.33%9.85%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2023-6.54%-0.66%-5.46%-6.67%-16.01%-11.60%19.38%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra 20+ Year Treasury (UBT) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
UBT
ProShares Ultra 20+ Year Treasury
-0.75
^GSPC
S&P 500
1.25

Sharpe Ratio

The current ProShares Ultra 20+ Year Treasury Sharpe ratio is -0.75. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00JulyAugustSeptemberOctoberNovemberDecember
-0.75
1.25
UBT (ProShares Ultra 20+ Year Treasury)
Benchmark (^GSPC)

Dividend History

ProShares Ultra 20+ Year Treasury granted a 3.13% dividend yield in the last twelve months. The annual payout for that period amounted to $0.65 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.65$0.07$0.00$0.16$0.71$0.60$0.57$0.38$0.57$0.32$0.04$0.02

Dividend yield

3.13%0.30%0.00%0.26%1.50%1.55%1.37%1.04%1.56%0.79%0.17%0.07%

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.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.00$0.00$0.14$0.00$0.00$0.24$0.00$0.00$0.20$0.00$0.00
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
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$0.16$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
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
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
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
2016$0.00$0.00$0.21$0.00$0.00$0.11$0.00$0.00$0.06$0.00$0.00$0.00
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
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
2013$0.00$0.00$0.01$0.00$0.00$0.03$0.00$0.00$0.00$0.00$0.00$0.00
2012$0.02$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00

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%JulyAugustSeptemberOctoberNovemberDecember
-72.57%
-4.01%
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.


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, 2015251Jun 27, 2016353

Volatility Chart

The current ProShares Ultra 20+ Year Treasury volatility is 10.63%, 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%14.00%JulyAugustSeptemberOctoberNovemberDecember
10.63%
2.77%
UBT (ProShares Ultra 20+ Year Treasury)
Benchmark (^GSPC)

Portfolios with ProShares Ultra 20+ Year Treasury


Portfolio NameYTD Return10Y ReturnDiv. Yield10Y VolatilityMax. DrawdownExpense RatioSharpe RatioSortino ratioOmega ratioCalmar ratioUlcer Index
Ray Dalio All Weather Portfolio 2x Leveraged5.81%8.51%1.85%16.99%-42.81%0.94%-0.07