PST vs. UBT
Compare and contrast key facts about ProShares UltraShort 7-10 Year Treasury (PST) and ProShares Ultra 20+ Year Treasury (UBT).
PST and UBT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PST is a passively managed fund by ProShares that tracks the performance of the ICE BofA US Treasury (7-10 Y) (-200%). It was launched on May 1, 2008. UBT is a passively managed fund by ProShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Index (200%). It was launched on Jan 19, 2010. Both PST and UBT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PST or UBT.
Performance
PST vs. UBT - Performance Comparison
Returns By Period
In the year-to-date period, PST achieves a 10.77% return, which is significantly higher than UBT's -16.90% return. Over the past 10 years, PST has outperformed UBT with an annualized return of 0.27%, while UBT has yielded a comparatively lower -5.43% annualized return.
PST
10.77%
3.59%
0.96%
2.71%
6.48%
0.27%
UBT
-16.90%
-4.06%
-2.65%
-0.08%
-17.36%
-5.43%
Key characteristics
| PST | UBT | |
|---|---|---|
| Sharpe Ratio | 0.18 | -0.02 |
| Sortino Ratio | 0.36 | 0.17 |
| Omega Ratio | 1.04 | 1.02 |
| Calmar Ratio | 0.04 | -0.01 |
| Martin Ratio | 0.38 | -0.05 |
| Ulcer Index | 6.63% | 13.65% |
| Daily Std Dev | 14.28% | 29.02% |
| Max Drawdown | -79.25% | -78.90% |
| Current Drawdown | -64.59% | -75.01% |
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PST vs. UBT - Expense Ratio Comparison
Both PST and UBT have an expense ratio of 0.95%.
Correlation
The correlation between PST and UBT is -0.91. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
PST vs. UBT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort 7-10 Year Treasury (PST) and ProShares Ultra 20+ Year Treasury (UBT). 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.
Dividends
PST vs. UBT - Dividend Comparison
PST's dividend yield for the trailing twelve months is around 3.81%, less than UBT's 4.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PST ProShares UltraShort 7-10 Year Treasury | 3.81% | 3.70% | 0.02% | 0.00% | 0.11% | 1.86% | 0.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UBT ProShares Ultra 20+ Year Treasury | 4.23% | 3.53% | 0.30% | 0.00% | 0.26% | 1.50% | 1.55% | 1.37% | 1.04% | 1.56% | 0.79% | 0.18% |
Drawdowns
PST vs. UBT - Drawdown Comparison
The maximum PST drawdown since its inception was -79.25%, roughly equal to the maximum UBT drawdown of -78.90%. Use the drawdown chart below to compare losses from any high point for PST and UBT. For additional features, visit the drawdowns tool.
Volatility
PST vs. UBT - Volatility Comparison
The current volatility for ProShares UltraShort 7-10 Year Treasury (PST) is 3.98%, while ProShares Ultra 20+ Year Treasury (UBT) has a volatility of 8.78%. This indicates that PST experiences smaller price fluctuations and is considered to be less risky than UBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.