TSYW vs. UBT

Last updated Apr 1, 2026

Compare and contrast key facts about Roundhill Treasury Bond WeeklyPay ETF (TSYW) and ProShares Ultra 20+ Year Treasury (UBT).

TSYW and UBT 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. 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.

Performance

TSYW vs. UBT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Treasury Bond WeeklyPay ETF (TSYW) and ProShares Ultra 20+ Year Treasury (UBT). The values are adjusted to include any dividend payments, if applicable.

TSYW vs. UBT - Yearly Performance Comparison

	2026 (YTD)	2025
TSYW Roundhill Treasury Bond WeeklyPay ETF	-0.81%	-2.56%
UBT ProShares Ultra 20+ Year Treasury	-1.06%	-4.06%

Returns By Period

In the year-to-date period, TSYW achieves a -0.81% return, which is significantly higher than UBT's -1.06% return.

TSYW

• 1D: 0.04%
• 1M: -5.24%
• YTD: -0.81%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UBT

• 1D: -0.31%
• 1M: -8.62%
• YTD: -1.06%
• 6M: -4.20%
• 1Y: -6.78%
• 3Y*: -12.29%
• 5Y*: -17.12%
• 10Y*: -7.69%

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

TSYW vs. UBT - Expense Ratio Comparison

TSYW has a 0.99% expense ratio, which is higher than UBT's 0.95% expense ratio.

TSYW

Roundhill Treasury Bond WeeklyPay ETF

UBT

ProShares Ultra 20+ Year Treasury

Return for Risk

TSYW vs. UBT — Risk / Return Rank

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

UBT

UBT Risk / Return Rank: 7
UBT Sharpe Ratio Rank: 7
UBT Sortino Ratio Rank: 6
UBT Omega Ratio Rank: 7
UBT Calmar Ratio Rank: 8
UBT Martin Ratio Rank: 8

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.

TSYW vs. UBT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Treasury Bond WeeklyPay ETF (TSYW) 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.

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

Sharpe Ratios by Period

	TSYW	UBT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.30	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.55	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.80	0.02	-0.82

Correlation

The correlation between TSYW and UBT is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TSYW vs. UBT - Dividend Comparison

TSYW's dividend yield for the trailing twelve months is around 4.88%, more than UBT's 3.93% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TSYW Roundhill Treasury Bond WeeklyPay ETF	4.88%	1.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UBT ProShares Ultra 20+ Year Treasury	3.93%	4.26%	4.50%	3.54%	0.30%	0.00%	0.26%	1.50%	1.55%	1.37%	0.75%	1.56%

Drawdowns

TSYW vs. UBT - Drawdown Comparison

The maximum TSYW drawdown since its inception was -6.69%, smaller than the maximum UBT drawdown of -78.90%. Use the drawdown chart below to compare losses from any high point for TSYW and UBT.

Drawdown Indicators

	TSYW	UBT	Difference
Max Drawdown Largest peak-to-trough decline	-6.69%	-78.90%	+72.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.64%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-72.49%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-78.90%	—
Current Drawdown Current decline from peak	-5.24%	-76.27%	+71.03%
Average Drawdown Average peak-to-trough decline	-2.94%	-31.82%	+28.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.11%	—

Volatility

Volatility by Period

	TSYW	UBT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.16%	22.59%	-11.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.16%	31.38%	-20.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.16%	29.38%	-18.22%