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
| ISIN | US74347R1721 |
|---|---|
| CUSIP | 74347R172 |
| Issuer | ProShares |
| Inception Date | Jan 19, 2010 |
| Region | North America (U.S.) |
| Category | Leveraged Bonds, Leveraged |
| Leveraged | 2x |
| Index Tracked | Barclays Capital U.S. 20+ Year Treasury Index (200%) |
| ETF Home Page | www.proshares.com |
| Asset Class | Bond |
Expense Ratio
The ProShares Ultra 20+ Year Treasury has a high expense ratio of 0.95%, indicating higher-than-average management fees.
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.
Compare to other instruments
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.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -12.13% | 19.92% |
| 1 month | 11.59% | 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
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
UBT ProShares Ultra 20+ Year Treasury | -0.75 | ||||
^GSPC S&P 500 | 1.25 |
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.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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, 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 | 251 | Jun 27, 2016 | 353 |
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.
Portfolios with ProShares Ultra 20+ Year Treasury
| Portfolio Name | YTD Return | 10Y Return | Div. Yield | 10Y Volatility | Max. Drawdown | Expense Ratio | Sharpe Ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Ray Dalio All Weather Portfolio 2x Leveraged | 5.81% | 8.51% | 1.85% | 16.99% | -42.81% | 0.94% | -0.07 |