PST vs. BSV
PST (ProShares UltraShort 7-10 Year Treasury) and BSV (Vanguard Short-Term Bond Index Fund ETF Shares) are both exchange-traded funds - PST is a Inverse Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index, while BSV is a Short-Term Bond fund tracking the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. Both are passively managed. Over the past 10 years, PST returned 2.47%/yr vs 1.95%/yr for BSV. At a correlation of -0.77, they often move in opposite directions. PST charges 0.95%/yr vs 0.03%/yr for BSV.
Performance
PST vs. BSV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PST achieves a 4.57% return, which is significantly higher than BSV's 0.29% return. Over the past 10 years, PST has outperformed BSV with an annualized return of 2.47%, while BSV has yielded a comparatively lower 1.95% annualized return.
PST
- 1D
- 0.51%
- 1M
- 0.80%
- YTD
- 4.57%
- 6M
- 6.73%
- 1Y
- 1.08%
- 3Y*
- 5.59%
- 5Y*
- 9.21%
- 10Y*
- 2.47%
BSV
- 1D
- -0.08%
- 1M
- 0.06%
- YTD
- 0.29%
- 6M
- 0.52%
- 1Y
- 3.68%
- 3Y*
- 4.41%
- 5Y*
- 1.62%
- 10Y*
- 1.95%
PST vs. BSV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PST ProShares UltraShort 7-10 Year Treasury | 4.57% | -4.42% | 12.27% | 3.17% | 38.55% | 4.01% | -18.67% | -11.03% | 1.72% | -4.52% |
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 0.29% | 6.00% | 3.78% | 4.90% | -5.49% | -1.09% | 4.70% | 4.98% | 1.34% | 1.20% |
Correlation
The correlation between PST and BSV is -0.92, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.84 |
Correlation (All Time) Calculated using the full available price history since May 2, 2008 | -0.77 |
The correlation between PST and BSV shifts across timeframes, from -0.92 (1 year) to -0.77 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PST vs. BSV — Risk / Return Rank
PST
BSV
PST vs. BSV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort 7-10 Year Treasury (PST) and Vanguard Short-Term Bond Index Fund ETF Shares (BSV). 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.
| PST | BSV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.93 | ||
| Sortino ratioReturn per unit of downside risk | -3.06 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.39 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 2.87 | -2.72 |
| Martin ratioReturn relative to average drawdown | 0.26 | 10.07 | -9.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| PST | BSV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | 2.05 | -1.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.60 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.83 | -0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.37 | 0.85 | -1.23 |
Drawdowns
PST vs. BSV - Drawdown Comparison
The maximum PST drawdown since its inception was -79.25%, which is greater than BSV's maximum drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for PST and BSV.
Loading charts...
Drawdown Indicators
| PST | BSV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.25% | -8.54% | -70.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.25% | -1.29% | -5.96% |
Max Drawdown (3Y)Largest decline over 3 years | -16.19% | -1.53% | -14.66% |
Max Drawdown (5Y)Largest decline over 5 years | -16.19% | -8.54% | -7.65% |
Max Drawdown (10Y)Largest decline over 10 years | -36.07% | -8.54% | -27.53% |
Current DrawdownCurrent decline from peak | -64.13% | -0.63% | -63.50% |
Average DrawdownAverage peak-to-trough decline | -61.48% | -0.97% | -60.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 0.37% | +3.79% |
Volatility
PST vs. BSV - Volatility Comparison
ProShares UltraShort 7-10 Year Treasury (PST) has a higher volatility of 3.19% compared to Vanguard Short-Term Bond Index Fund ETF Shares (BSV) at 0.52%. This indicates that PST's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PST | BSV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 0.52% | +2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 6.75% | 1.26% | +5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.62% | 1.81% | +7.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.60% | 2.72% | +12.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.32% | 2.37% | +10.95% |
PST vs. BSV - Expense Ratio Comparison
PST has a 0.95% expense ratio, which is higher than BSV's 0.03% expense ratio.
Dividends
PST vs. BSV - Dividend Comparison
PST's dividend yield for the trailing twelve months is around 3.08%, less than BSV's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSV Vanguard Short-Term Bond Index Fund ETF Shares | 4.00% | 3.83% | 3.38% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.48% | 1.40% |
PST ProShares UltraShort 7-10 Year Treasury | 3.08% | 3.47% | 3.61% | 3.69% | 0.02% | 0.00% | 0.11% | 1.85% | 0.66% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PST and BSV have a correlation of -0.92, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PST has higher volatility (3.19%) compared to BSV (0.52%). In terms of maximum drawdown, PST dropped -79.25% vs BSV's -8.54%.
On 10-year performance, PST leads with 2.47% vs 1.95% for BSV. On fees, BSV is cheaper at 0.03% per year. On volatility, BSV has been the lower-risk option at 0.52%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PST has performed better with a 2.47% return vs 1.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSV is cheaper with a 0.03% expense ratio, compared with 0.95% for PST.
BSV has the higher dividend yield at 4.00%, compared with 3.08% for PST.
PST is categorized as Inverse Bonds, while BSV is Short-Term Bond. PST tracks ICE U.S. Treasury 7-10 Year Bond Index, while BSV tracks Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index. They also come from different issuers: ProShares and Vanguard. Their fees differ too: 0.95% for PST and 0.03% for BSV.
BSV currently has the higher Sharpe Ratio (2.05 vs 0.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for PST and BSV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer