ProShares Ultra 20+ Year Treasury (UBT)
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.
ETF Info
US74347R1721
74347R172
Jan 19, 2010
North America (U.S.)
2x
Barclays Capital U.S. 20+ Year Treasury Index (200%)
Expense Ratio
UBT has a high expense ratio of 0.95%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
ProShares Ultra 20+ Year Treasury (UBT) returned -2.74% year-to-date (YTD) and -10.61% over the past 12 months. Over the past 10 years, UBT returned -6.38% annually, underperforming the S&P 500 benchmark at 10.86%.
UBT
-2.74%
-2.63%
-8.03%
-10.61%
-20.15%
-23.32%
-6.38%
^GSPC (Benchmark)
1.39%
12.89%
1.19%
12.45%
15.19%
14.95%
10.86%
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.18% | 10.75% | -2.39% | -3.41% | -7.01% | -2.74% | |||||||
| 2024 | -5.65% | -4.91% | 0.97% | -13.07% | 5.24% | 2.94% | 6.69% | 4.03% | 3.12% | -11.28% | 3.06% | -12.41% | -21.81% |
| 2023 | 14.42% | -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% | -3.82% | -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% |
| 2020 | 15.90% | 13.80% | 9.74% | 2.04% | -4.16% | 0.41% | 8.78% | -10.11% | 1.58% | -7.00% | 2.85% | -2.33% | 31.87% |
| 2019 | 0.08% | -2.91% | 10.98% | -4.16% | 13.90% | 1.65% | 0.21% | 22.72% | -5.77% | -2.55% | -1.23% | -6.75% | 24.45% |
| 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% |
| 2017 | 1.27% | 3.22% | -1.60% | 2.88% | 3.56% | 1.56% | -1.69% | 6.77% | -4.80% | -0.16% | 1.11% | 3.42% | 16.12% |
| 2016 | 12.03% | 5.95% | 0.48% | -2.11% | 1.35% | 13.74% | 4.34% | -2.46% | -2.41% | -9.58% | -15.69% | -1.34% | 0.54% |
| 2015 | 20.06% | -12.47% | 2.05% | -6.90% | -4.94% | -8.47% | 9.23% | -1.42% | 3.28% | -1.43% | -1.43% | -1.91% | -7.93% |
| 2014 | 13.08% | 0.90% | 1.28% | 4.20% | 5.67% | -0.57% | 1.47% | 8.71% | -3.88% | 5.76% | 5.86% | 6.80% | 60.41% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of UBT is 7, meaning it’s performing worse than 93% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
ProShares Ultra 20+ Year Treasury provided a 4.59% dividend yield over the last twelve months, with an annual payout of $0.75 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.75 | $0.76 | $0.79 | $0.07 | $0.00 | $0.16 | $0.71 | $0.60 | $0.57 | $0.38 | $0.57 | $0.32 |
Dividend yield | 4.59% | 4.50% | 3.53% | 0.30% | 0.00% | 0.26% | 1.50% | 1.55% | 1.37% | 1.04% | 1.56% | 0.79% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | |||||||
| 2024 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.21 | $0.76 |
| 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 | $0.79 |
| 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 | $0.14 | $0.00 | $0.00 | $0.15 | $0.57 |
| 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 | $0.38 |
| 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 | $0.10 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.10 | $0.32 |
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 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 77.13%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -78.9% | Mar 10, 2020 | 911 | Oct 19, 2023 | — | — | — |
| -38.31% | Jul 26, 2012 | 269 | Aug 21, 2013 | 331 | Dec 12, 2014 | 600 |
| -36.38% | Jul 11, 2016 | 586 | Nov 2, 2018 | 188 | Aug 6, 2019 | 774 |
| -32.2% | Aug 27, 2010 | 116 | Feb 10, 2011 | 123 | Aug 8, 2011 | 239 |
| -30.26% | Feb 2, 2015 | 102 | Jun 26, 2015 | 244 | Jun 16, 2016 | 346 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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