ProShares Ultra 7-10 Year Treasury (UST)

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The chart shows the growth of an initial investment of $10,000 in ProShares Ultra 7-10 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.

ProShares Ultra 7-10 Year Treasury (UST) has returned -1.20% so far this year and 3.14% over the past 12 months. Over the last ten years, UST has returned -1.81% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Feb 2, 2010, UST's average daily return is +0.01%, while the average monthly return is +0.28%. At this rate, your investment would double in approximately 20.7 years.

Historically, 53% of months were positive and 47% 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%.

ProShares Ultra 7-10 Year Treasury has an annualized alpha of 6.16%, beta of -0.20, and R² of 0.07 versus S&P 500 Index. Calculated based on daily prices since February 03, 2010.

• This ETF captured 4.29% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -11.18%) — 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.

UST has a high expense ratio of 0.95%, indicating above-average management fees.

UST ranks 19 for risk / return — in the bottom 19% 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.

The table below present risk-adjusted performance metrics for ProShares Ultra 7-10 Year Treasury (UST) and compare them to a chosen benchmark (S&P 500 Index).

ProShares Ultra 7-10 Year Treasury provided a 3.43% dividend yield over the last twelve months, with an annual payout of $1.47 per share.

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.

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.

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 37.26%.

The chart below shows the rolling one-month volatility.