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

ETF Info

ISIN

US74347R1721

CUSIP

74347R172

Issuer

ProShares

Inception Date

Jan 19, 2010

Region

North America (U.S.)

Leveraged

2x

Index Tracked

Barclays Capital U.S. 20+ Year Treasury Index (200%)

Asset Class

Bond

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.


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


-10.00%-5.00%0.00%5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
-13.60%
9.23%
UBT (ProShares Ultra 20+ Year Treasury)
Benchmark (^GSPC)

Returns By Period

ProShares Ultra 20+ Year Treasury had a return of -21.53% year-to-date (YTD) and -21.04% in the last 12 months. Over the past 10 years, ProShares Ultra 20+ Year Treasury had an annualized return of -6.70%, while the S&P 500 had an annualized return of 11.11%, indicating that ProShares Ultra 20+ Year Treasury did not perform as well as the benchmark.


UBT

YTD

-21.53%

1M

-5.78%

6M

-13.09%

1Y

-21.04%

5Y*

-17.57%

10Y*

-6.70%

^GSPC (Benchmark)

YTD

25.25%

1M

0.08%

6M

9.66%

1Y

25.65%

5Y*

13.17%

10Y*

11.11%

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%2.94%6.69%4.03%3.11%-11.28%3.06%-21.53%
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%9.22%-1.42%3.28%-1.43%-1.43%-1.91%-7.93%
201413.08%0.90%1.28%4.21%5.67%-0.57%1.47%8.72%-3.88%5.76%5.86%6.80%60.41%
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 3, meaning it’s performing worse than 97% 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.


The Risk-Adjusted Performance Rank of UBT is 33
Overall Rank
The Sharpe Ratio Rank of UBT is 22
Sharpe Ratio Rank
The Sortino Ratio Rank of UBT is 22
Sortino Ratio Rank
The Omega Ratio Rank of UBT is 33
Omega Ratio Rank
The Calmar Ratio Rank of UBT is 44
Calmar Ratio Rank
The Martin Ratio Rank of UBT is 22
Martin 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.


Sharpe ratio
The chart of Sharpe ratio for UBT, currently valued at -0.77, compared to the broader market0.002.004.00-0.772.07
The chart of Sortino ratio for UBT, currently valued at -0.97, compared to the broader market-2.000.002.004.006.008.0010.00-0.972.76
The chart of Omega ratio for UBT, currently valued at 0.89, compared to the broader market0.501.001.502.002.503.000.891.39
The chart of Calmar ratio for UBT, currently valued at -0.28, compared to the broader market0.005.0010.0015.00-0.283.05
The chart of Martin ratio for UBT, currently valued at -1.47, compared to the broader market0.0020.0040.0060.0080.00100.00-1.4713.27
UBT
^GSPC

The current ProShares Ultra 20+ Year Treasury Sharpe ratio is -0.77. 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-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
-0.77
2.07
UBT (ProShares Ultra 20+ Year Treasury)
Benchmark (^GSPC)

Dividends

Dividend History

ProShares Ultra 20+ Year Treasury provided a 4.48% dividend yield over the last twelve months, with an annual payout of $0.76 per share.


0.00%1.00%2.00%3.00%4.00%$0.00$0.20$0.40$0.60$0.8020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.76$0.79$0.07$0.00$0.16$0.71$0.60$0.57$0.38$0.57$0.32$0.04

Dividend yield

4.48%3.53%0.30%0.00%0.26%1.50%1.55%1.37%1.04%1.56%0.79%0.18%

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$0.21$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$0.00$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. Drawdowns are calculated considering price movements and all distributions paid, if any.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-76.41%
-1.91%
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 76.41%.


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 8.84%, 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%JulyAugustSeptemberOctoberNovemberDecember
8.84%
3.82%
UBT (ProShares Ultra 20+ Year Treasury)
Benchmark (^GSPC)
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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