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PST vs. VTIP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PST vs. VTIP

Last updated Jun 4, 2026

PST (ProShares UltraShort 7-10 Year Treasury) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both exchange-traded funds - PST is a Inverse Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index, while VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. Both are passively managed. Over the past 10 years, PST returned 2.47%/yr vs 3.14%/yr for VTIP. At a correlation of -0.53, they often move in opposite directions. PST charges 0.95%/yr vs 0.03%/yr for VTIP.

Performance

PST vs. VTIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort 7-10 Year Treasury (PST) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PST achieves a 4.57% return, which is significantly higher than VTIP's 2.05% return. Over the past 10 years, PST has underperformed VTIP with an annualized return of 2.47%, while VTIP has yielded a comparatively higher 3.14% 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%

VTIP

1D
0.00%
1M
0.04%
YTD
2.05%
6M
2.03%
1Y
4.70%
3Y*
5.26%
5Y*
3.37%
10Y*
3.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PST vs. VTIP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
VTIP
Vanguard Short-Term Inflation-Protected Securities ETF		2.05%6.07%4.74%4.62%-2.94%5.36%4.95%4.86%0.56%0.82%

Correlation

The correlation between PST and VTIP is -0.57, 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

-0.57

Correlation (3Y)
Calculated over the trailing 3-year period

-0.69

Correlation (5Y)
Calculated over the trailing 5-year period

-0.60

Correlation (10Y)
Calculated over the trailing 10-year period

-0.54

Correlation (All Time)
Calculated using the full available price history since Oct 17, 2012

-0.53

The correlation between PST and VTIP shifts across timeframes, from -0.69 (3 years) to -0.53 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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ProShares UltraShort 7-10 Year Treasury

Vanguard Short-Term Inflation-Protected Securities ETF

Often compared with PST:
PST vs. ^TYXPST vs. TYOPST vs. TBIIXPST vs. SGOVPST vs. UBTPST vs. FXAIXPST vs. TMV
Often compared with VTIP:
VTIP vs. SCHPVTIP vs. TIPVTIP vs. VGSHVTIP vs. STIPVTIP vs. VGITVTIP vs. BNDVTIP vs. VTAPX

Return for Risk

PST vs. VTIP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PST
PST Risk / Return Rank: 1010
Overall Rank
PST Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
PST Sortino Ratio Rank: 99
Sortino Ratio Rank
PST Omega Ratio Rank: 99
Omega Ratio Rank
PST Calmar Ratio Rank: 1010
Calmar Ratio Rank
PST Martin Ratio Rank: 1010
Martin Ratio Rank
VTIP
VTIP Risk / Return Rank: 9393
Overall Rank
VTIP Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
VTIP Sortino Ratio Rank: 9595
Sortino Ratio Rank
VTIP Omega Ratio Rank: 9393
Omega Ratio Rank
VTIP Calmar Ratio Rank: 9393
Calmar Ratio Rank
VTIP Martin Ratio Rank: 9393
Martin Ratio Rank
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. VTIP - 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 Inflation-Protected Securities ETF (VTIP). 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.

PSTVTIPDifference
Sharpe ratioReturn per unit of total volatility
0.11
3.15

-3.04

Sortino ratioReturn per unit of downside risk
0.23
5.36

-5.13

Omega ratioGain probability vs. loss probability

1.03

1.67

-0.64

Calmar ratioReturn relative to maximum drawdown

0.15

6.75

-6.60

Martin ratioReturn relative to average drawdown

0.26

26.06

-25.80

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PST vs. VTIP - Sharpe Ratio Comparison

The current PST Sharpe Ratio is 0.11, which is lower than the VTIP Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of PST and VTIP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

PSTVTIPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.11

3.15

-3.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.59

1.22

-0.63

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.19

1.15

-0.97

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.37

0.89

-1.27

Drawdowns

PST vs. VTIP - Drawdown Comparison

The maximum PST drawdown since its inception was -79.25%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for PST and VTIP.

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Drawdown Indicators

PSTVTIPDifference

Max Drawdown

Largest peak-to-trough decline

-79.25%

-6.27%

-72.98%

Max Drawdown (1Y)

Largest decline over 1 year

-7.25%

-0.70%

-6.55%

Max Drawdown (3Y)

Largest decline over 3 years

-16.19%

-0.98%

-15.21%

Max Drawdown (5Y)

Largest decline over 5 years

-16.19%

-5.50%

-10.69%

Max Drawdown (10Y)

Largest decline over 10 years

-36.07%

-6.27%

-29.80%

Current Drawdown

Current decline from peak

-64.13%

-0.02%

-64.11%

Average Drawdown

Average peak-to-trough decline

-61.48%

-1.04%

-60.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.16%

0.18%

+3.98%

Volatility

PST vs. VTIP - Volatility Comparison

ProShares UltraShort 7-10 Year Treasury (PST) has a higher volatility of 3.19% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.43%. This indicates that PST's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PSTVTIPDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.19%

0.43%

+2.76%

Volatility (6M)

Calculated over the trailing 6-month period

6.75%

1.02%

+5.73%

Volatility (1Y)

Calculated over the trailing 1-year period

9.62%

1.50%

+8.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.60%

2.77%

+12.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.32%

2.74%

+10.58%

PST vs. VTIP - Expense Ratio Comparison

PST has a 0.95% expense ratio, which is higher than VTIP's 0.03% expense ratio.

Dividends

PST vs. VTIP - Dividend Comparison

PST's dividend yield for the trailing twelve months is around 3.08%, less than VTIP's 3.58% yield.

PositionTTM2025202420232022202120202019201820172016
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%
VTIP
Vanguard Short-Term Inflation-Protected Securities ETF		3.58%3.81%2.70%2.86%6.84%4.68%1.20%1.95%2.45%1.52%0.76%

Frequently Asked Questions

PST and VTIP have a correlation of -0.57, 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 VTIP (0.43%). In terms of maximum drawdown, PST dropped -79.25% vs VTIP's -6.27%.

On 10-year performance, VTIP leads with 3.14% vs 2.47% for PST. On fees, VTIP is cheaper at 0.03% per year. On volatility, VTIP has been the lower-risk option at 0.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VTIP has performed better with a 3.14% return vs 2.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VTIP is cheaper with a 0.03% expense ratio, compared with 0.95% for PST.

VTIP has the higher dividend yield at 3.58%, compared with 3.08% for PST.

PST is categorized as Inverse Bonds, while VTIP is Inflation-Protected Bonds. PST tracks ICE U.S. Treasury 7-10 Year Bond Index, while VTIP tracks Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. They also come from different issuers: ProShares and Vanguard. Their fees differ too: 0.95% for PST and 0.03% for VTIP.

VTIP currently has the higher Sharpe Ratio (3.15 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.

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