TSYW vs. TBT
Compare and contrast key facts about Roundhill Treasury Bond WeeklyPay ETF (TSYW) and ProShares UltraShort 20+ Year Treasury (TBT).
TSYW and TBT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSYW is an actively managed fund by Roundhill. It was launched on Nov 12, 2025. TBT is a passively managed fund by ProShares that tracks the performance of the U.S. Treasury 20+ Year Index (-200%). It was launched on May 1, 2008.
Performance
TSYW vs. TBT - Performance Comparison
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TSYW vs. TBT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSYW Roundhill Treasury Bond WeeklyPay ETF | -0.81% | -2.56% |
TBT ProShares UltraShort 20+ Year Treasury | 1.08% | 4.85% |
Returns By Period
In the year-to-date period, TSYW achieves a -0.81% return, which is significantly lower than TBT's 1.08% return.
TSYW
- 1D
- 0.04%
- 1M
- -5.24%
- YTD
- -0.81%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TBT
- 1D
- 0.03%
- 1M
- 7.25%
- YTD
- 1.08%
- 6M
- 5.73%
- 1Y
- 9.66%
- 3Y*
- 12.56%
- 5Y*
- 13.91%
- 10Y*
- 1.35%
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TSYW vs. TBT - Expense Ratio Comparison
TSYW has a 0.99% expense ratio, which is higher than TBT's 0.92% expense ratio.
Return for Risk
TSYW vs. TBT — Risk / Return Rank
TSYW
TBT
TSYW vs. TBT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Treasury Bond WeeklyPay ETF (TSYW) and ProShares UltraShort 20+ Year Treasury (TBT). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| TSYW | TBT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.43 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.44 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.80 | -0.33 | -0.46 |
Correlation
The correlation between TSYW and TBT is -0.97. 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
TSYW vs. TBT - Dividend Comparison
TSYW's dividend yield for the trailing twelve months is around 4.88%, more than TBT's 2.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TSYW Roundhill Treasury Bond WeeklyPay ETF | 4.88% | 1.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TBT ProShares UltraShort 20+ Year Treasury | 2.95% | 3.21% | 4.64% | 4.98% | 0.42% | 0.00% | 0.32% | 2.12% | 0.99% |
Drawdowns
TSYW vs. TBT - Drawdown Comparison
The maximum TSYW drawdown since its inception was -6.69%, smaller than the maximum TBT drawdown of -94.99%. Use the drawdown chart below to compare losses from any high point for TSYW and TBT.
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Drawdown Indicators
| TSYW | TBT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.69% | -94.99% | +88.30% |
Max Drawdown (1Y)Largest decline over 1 year | — | -17.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.83% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -65.09% | — |
Current DrawdownCurrent decline from peak | -5.24% | -85.92% | +80.68% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -77.25% | +74.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.57% | — |
Volatility
TSYW vs. TBT - Volatility Comparison
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Volatility by Period
| TSYW | TBT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.56% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.27% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.16% | 22.86% | -11.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.16% | 31.44% | -20.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.16% | 28.83% | -17.67% |