TBX vs. VGIT

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Short 7-10 Year Treasury (TBX) and Vanguard Intermediate-Term Treasury ETF (VGIT).

TBX and VGIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBX is a passively managed fund by ProShares that tracks the performance of the ICE BofA US Treasury (7-10 Y) (-100%). It was launched on Apr 4, 2011. VGIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 3-10 Year Government Float Adjusted Index. It was launched on Nov 19, 2009. Both TBX and VGIT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TBX vs. VGIT - Performance Comparison

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

TBX vs. VGIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TBX ProShares Short 7-10 Year Treasury	1.57%	-1.15%	8.52%	3.99%	18.31%	1.70%	-9.96%	-5.20%	1.25%	-2.61%
VGIT Vanguard Intermediate-Term Treasury ETF	-0.10%	7.34%	1.39%	4.28%	-10.53%	-2.64%	7.71%	6.19%	1.35%	1.70%

Returns By Period

In the year-to-date period, TBX achieves a 1.57% return, which is significantly higher than VGIT's -0.10% return. Over the past 10 years, TBX has outperformed VGIT with an annualized return of 1.73%, while VGIT has yielded a comparatively lower 1.31% annualized return.

TBX

• 1D: 0.08%
• 1M: 2.27%
• YTD: 1.57%
• 6M: 2.49%
• 1Y: 4.06%
• 3Y*: 5.11%
• 5Y*: 5.34%
• 10Y*: 1.73%

VGIT

• 1D: -0.07%
• 1M: -1.27%
• YTD: -0.10%
• 6M: 0.70%
• 1Y: 3.83%
• 3Y*: 3.27%
• 5Y*: 0.31%
• 10Y*: 1.31%

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

TBX vs. VGIT - Expense Ratio Comparison

TBX has a 0.95% expense ratio, which is higher than VGIT's 0.04% expense ratio.

TBX

ProShares Short 7-10 Year Treasury

VGIT

Vanguard Intermediate-Term Treasury ETF

Return for Risk

TBX vs. VGIT — Risk / Return Rank

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

TBX

TBX Risk / Return Rank: 23
TBX Sharpe Ratio Rank: 25
TBX Sortino Ratio Rank: 25
TBX Omega Ratio Rank: 26
TBX Calmar Ratio Rank: 21
TBX Martin Ratio Rank: 16

VGIT

VGIT Risk / Return Rank: 54
VGIT Sharpe Ratio Rank: 54
VGIT Sortino Ratio Rank: 57
VGIT Omega Ratio Rank: 44
VGIT Calmar Ratio Rank: 64
VGIT Martin Ratio Rank: 51

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.

TBX vs. VGIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Short 7-10 Year Treasury (TBX) and Vanguard Intermediate-Term Treasury ETF (VGIT). 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.

	TBX	VGIT	Difference
Sharpe ratio Return per unit of total volatility	0.48	1.01	-0.54
Sortino ratio Return per unit of downside risk	0.75	1.52	-0.77
Omega ratio Gain probability vs. loss probability	1.11	1.18	-0.06
Calmar ratio Return relative to maximum drawdown	0.43	1.68	-1.25
Martin ratio Return relative to average drawdown	0.60	5.15	-4.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TBX vs. VGIT - Sharpe Ratio Comparison

The current TBX Sharpe Ratio is 0.48, which is lower than the VGIT Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of TBX and VGIT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TBX	VGIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.48	1.01	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.06	+0.58
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.29	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	-0.17	0.50	-0.67

Correlation

The correlation between TBX and VGIT is -0.87. 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.

Dividends

TBX vs. VGIT - Dividend Comparison

TBX's dividend yield for the trailing twelve months is around 3.09%, less than VGIT's 3.83% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TBX ProShares Short 7-10 Year Treasury	3.09%	3.45%	6.58%	4.07%	0.40%	0.00%	0.10%	1.53%	0.72%	0.00%	0.00%	0.00%
VGIT Vanguard Intermediate-Term Treasury ETF	3.83%	3.79%	3.67%	2.73%	1.74%	1.69%	2.23%	2.24%	2.05%	1.67%	1.69%	1.69%

Drawdowns

TBX vs. VGIT - Drawdown Comparison

The maximum TBX drawdown since its inception was -41.04%, which is greater than VGIT's maximum drawdown of -16.05%. Use the drawdown chart below to compare losses from any high point for TBX and VGIT.

Drawdown Indicators

	TBX	VGIT	Difference
Max Drawdown Largest peak-to-trough decline	-41.04%	-16.05%	-24.99%
Max Drawdown (1Y) Largest decline over 1 year	-6.77%	-2.42%	-4.35%
Max Drawdown (5Y) Largest decline over 5 years	-7.77%	-15.02%	+7.25%
Max Drawdown (10Y) Largest decline over 10 years	-19.46%	-16.05%	-3.41%
Current Drawdown Current decline from peak	-18.30%	-2.04%	-16.26%
Average Drawdown Average peak-to-trough decline	-26.74%	-3.53%	-23.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.84%	0.79%	+4.05%

Volatility

TBX vs. VGIT - Volatility Comparison

ProShares Short 7-10 Year Treasury (TBX) has a higher volatility of 1.92% compared to Vanguard Intermediate-Term Treasury ETF (VGIT) at 1.33%. This indicates that TBX's price experiences larger fluctuations and is considered to be riskier than VGIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TBX	VGIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.92%	1.33%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	3.22%	2.28%	+0.94%
Volatility (1Y) Calculated over the trailing 1-year period	8.65%	3.81%	+4.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.43%	5.36%	+3.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.14%	4.50%	+2.64%