- ISIN
- US74347R1804
- CUSIP
- 74347R180
- Issuer
- ProShares
- Inception Date
- Jan 19, 2010
- Region
- North America (U.S.)
- Category
- Leveraged Bonds
- Leveraged
- 2x
- Index Tracked
- Barclays Capital U.S. 7-10 Year Treasury Index (200%)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $15M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
UST Performance Chart
ProShares Ultra 7-10 Year Treasury (UST) is down 2.7% since the beginning of the year. UST is currently trading at $42 per share. Investors who bought $1,000 worth of UST shares 5 years ago would now be looking at an investment worth $697.
Loading charts...
Returns By Period
ProShares Ultra 7-10 Year Treasury (UST) has returned -2.66% so far this year and 3.24% over the past 12 months. Over the last ten years, UST has returned -2.25% per year, falling short of the S&P 500 Index benchmark, which averaged 13.61% annually.
ProShares Ultra 7-10 Year Treasury
- 1D
- -0.42%
- 1M
- 1.78%
- YTD
- -2.66%
- 6M
- -2.37%
- 1Y
- 3.24%
- 3Y*
- 0.27%
- 5Y*
- -6.96%
- 10Y*
- -2.25%
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- 0.31%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 24.33%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
UST Monthly Returns History
Based on dividend-adjusted daily data since Feb 2, 2010, UST's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, an investment would double in approximately 21.4 years.
Historically, 52% of months were positive and 48% were negative. The best month was Aug 2011 with a return of +9.8%, while the worst month was Sep 2022 at -9.7%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 6 months.
On a daily basis, UST closed higher 51% of trading days. The best single day was Nov 10, 2022 with a return of +4.5%, while the worst single day was Mar 17, 2020 at -3.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.55% | 4.50% | -4.94% | -0.76% | -0.30% | -0.42% | -2.66% | ||||||
| 2025 | -0.19% | 5.13% | 0.66% | 1.90% | -3.42% | 2.89% | -1.44% | 2.92% | 0.97% | 1.05% | 1.69% | -2.04% | 10.26% |
| 2024 | 0.43% | -6.17% | 1.61% | -6.65% | 2.84% | 2.44% | 4.92% | 2.54% | 2.07% | -6.79% | 1.19% | -3.83% | -6.19% |
| 2023 | 6.33% | -6.75% | 6.73% | 1.04% | -3.21% | -3.39% | -1.76% | -1.97% | -6.56% | -4.28% | 8.22% | 7.47% | 0.16% |
| 2022 | -3.85% | -0.90% | -8.33% | -8.15% | 1.10% | -1.93% | 6.09% | -8.50% | -9.73% | -2.80% | 6.62% | -3.36% | -30.19% |
| 2021 | -2.22% | -4.74% | -4.74% | 2.14% | 0.63% | 1.92% | 4.37% | -1.77% | -2.87% | -0.76% | 2.15% | -1.76% | -7.81% |
Benchmark Metrics
ProShares Ultra 7-10 Year Treasury has an annualized alpha of 6.11%, beta of -0.20, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since February 02, 2010.
- This ETF captured 3.91% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -10.84%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.20 may look defensive, but with R2 of 0.07 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.07 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 6.11%
- Beta
- -0.20
- R²
- 0.07
- Upside Capture
- 3.91%
- Downside Capture
- -10.84%
Expense Ratio
UST has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
UST ranks 13 for risk / return — in the bottom 13% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Ultra 7-10 Year Treasury (UST) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UST | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.34 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 2.53 | -2.25 |
| Martin ratioReturn relative to average drawdown | 0.77 | 11.37 | -10.60 |
Dividends
Dividend History
ProShares Ultra 7-10 Year Treasury provided a 3.48% dividend yield over the last twelve months, with an annual payout of $1.47 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.47 | $1.59 | $1.68 | $1.59 | $0.22 | $0.19 | $0.39 | $0.88 | $0.95 | $0.48 | $0.36 | $0.42 |
Dividend yield | 3.48% | 3.65% | 4.09% | 3.49% | 0.47% | 0.27% | 0.53% | 1.42% | 1.71% | 0.84% | 0.64% | 0.75% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Ultra 7-10 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.00 | $0.19 | ||||||
| 2025 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.57 | $1.59 |
| 2024 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.59 | $1.68 |
| 2023 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.40 | $1.59 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2021 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.19 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares Ultra 7-10 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 7-10 Year Treasury was 47.99%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current ProShares Ultra 7-10 Year Treasury drawdown is 38.19%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -47.99%Oct 2023 | 3y 2mo | — | 5y 10moAug 2020 - now |
Rate-hike selloffLate 2018 | -20.06%Oct 2018 | 2y 2mo | 10mo | 3y 21dJul 2016 - Aug 2019 |
2013 correction2013 | -17.55%Sep 2013 | 4mo 5d | 1y 3mo | 1y 7moMay 2013 - Dec 2014 |
2011 correction2011 | -15.50%Feb 2011 | 3mo 2d | 5mo 21d | 8mo 23dNov 2010 - Jul 2011 |
2015 correction2015 | -10.71%Jun 2015 | 4mo 8d | 7mo 27d | 1yFeb 2015 - Feb 2016 |
Drawdown Indicators
| UST | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.99% | -56.78% | +8.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -9.10% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -16.66% | -18.90% | +2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -43.97% | -25.43% | -18.54% |
Max Drawdown (10Y)Largest decline over 10 years | -47.99% | -33.92% | -14.07% |
Current DrawdownCurrent decline from peak | -38.19% | -2.34% | -35.85% |
Average DrawdownAverage peak-to-trough decline | -15.16% | -10.72% | -4.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 2.02% | +1.20% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with UST
Add ProShares Ultra 7-10 Year Treasury to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with UST