PST vs. TSYW

Last updated Jun 24, 2026

PST (ProShares UltraShort 7-10 Year Treasury) and TSYW (Roundhill Treasury Bond WeeklyPay ETF) are both exchange-traded funds - PST is a Inverse Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index, while TSYW is a Leveraged Bonds fund actively managed by Roundhill. PST is passively managed, while TSYW is actively managed. At a correlation of -0.88, they often move in opposite directions. PST charges 0.95%/yr vs 0.99%/yr for TSYW.

Performance

PST vs. TSYW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort 7-10 Year Treasury (PST) and Roundhill Treasury Bond WeeklyPay ETF (TSYW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PST achieves a 4.69% return, which is significantly higher than TSYW's -1.07% return.

PST

• 1D: -0.27%
• 1M: -0.60%
• YTD: 4.69%
• 6M: 5.06%
• 1Y: 3.06%
• 3Y*: 5.23%
• 5Y*: 9.44%
• 10Y*: 2.73%

TSYW

• 1D: 0.18%
• 1M: 2.49%
• YTD: -1.07%
• 6M: -1.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PST vs. TSYW - Yearly Performance Comparison

	2026 (YTD)	2025
PST ProShares UltraShort 7-10 Year Treasury	4.69%	1.74%
TSYW Roundhill Treasury Bond WeeklyPay ETF	-1.07%	-3.37%

Correlation

The correlation between PST and TSYW is -0.88, 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 (All Time) Calculated using the full available price history since Nov 13, 2025	-0.88

Return for Risk

PST vs. TSYW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PST

PST Risk / Return Rank: 13
PST Sharpe Ratio Rank: 13
PST Sortino Ratio Rank: 12
PST Omega Ratio Rank: 12
PST Calmar Ratio Rank: 14
PST Martin Ratio Rank: 12

TSYW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PST vs. TSYW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort 7-10 Year Treasury (PST) and Roundhill Treasury Bond WeeklyPay ETF (TSYW). 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.

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.

	PST	TSYW	Difference
Sharpe ratio: Return per unit of total volatility	0.32	—	—
Sortino ratio: Return per unit of downside risk	0.52	—	—
Omega ratio: Gain probability vs. loss probability	1.06	—	—
Calmar ratio: Return relative to maximum drawdown	0.45	—	—
Martin ratio: Return relative to average drawdown	0.80	—	—

Drawdowns

PST vs. TSYW - Drawdown Comparison

The maximum PST drawdown since its inception was -79.25%, which is greater than TSYW's maximum drawdown of -9.79%. Use the drawdown chart below to compare losses from any high point for PST and TSYW.

Drawdown Indicators

	PST	TSYW	Difference
Max Drawdown Largest peak-to-trough decline	-79.25%	-9.79%	-69.46%
Max Drawdown (1Y) Largest decline over 1 year	-6.90%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.19%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.19%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.07%	—	—
Current Drawdown Current decline from peak	-64.08%	-5.48%	-58.60%
Average Drawdown Average peak-to-trough decline	-61.48%	-4.18%	-57.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.83%	—	—

Volatility

Volatility by Period

	PST	TSYW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.49%	10.73%	-1.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.59%	10.73%	+4.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.30%	10.73%	+2.57%

PST vs. TSYW - Expense Ratio Comparison

PST has a 0.95% expense ratio, which is lower than TSYW's 0.99% expense ratio.

Dividends

PST vs. TSYW - Dividend Comparison

PST's dividend yield for the trailing twelve months is around 3.08%, less than TSYW's 8.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
TSYW Roundhill Treasury Bond WeeklyPay ETF	8.18%	1.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PST and TSYW in my portfolio?

PST and TSYW have a correlation of -0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PST or TSYW?

On fees, PST is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PST or TSYW?

PST is cheaper with a 0.95% expense ratio, compared with 0.99% for TSYW.

Which ETF pays a higher dividend yield, PST or TSYW?

TSYW has the higher dividend yield at 8.18%, compared with 3.08% for PST.

What is the main difference between PST and TSYW?

PST is categorized as Inverse Bonds, while TSYW is Leveraged Bonds. They also come from different issuers: ProShares and Roundhill. Their fees differ too: 0.95% for PST and 0.99% for TSYW.