TTT vs. ^TYX

Last updated Apr 2, 2026

Compare and contrast key facts about UltraPro Short 20+ Year Treasury (TTT) and Treasury Yield 30 Years (^TYX).

TTT is a passively managed fund by ProShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Index (-300%). It was launched on Mar 27, 2012.

Performance

TTT vs. ^TYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UltraPro Short 20+ Year Treasury (TTT) and Treasury Yield 30 Years (^TYX). The values are adjusted to include any dividend payments, if applicable.

TTT vs. ^TYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TTT UltraPro Short 20+ Year Treasury	1.05%	-7.89%	38.07%	-11.25%	150.17%	2.55%	-54.12%	-34.88%	6.34%	-25.87%
^TYX Treasury Yield 30 Years	1.24%	1.13%	19.08%	1.11%	108.66%	15.74%	-31.10%	-20.89%	10.26%	-10.58%

Returns By Period

In the year-to-date period, TTT achieves a 1.05% return, which is significantly lower than ^TYX's 1.24% return. Over the past 10 years, TTT has underperformed ^TYX with an annualized return of -2.26%, while ^TYX has yielded a comparatively higher 6.46% annualized return.

TTT

• 1D: -0.01%
• 1M: 10.63%
• YTD: 1.05%
• 6M: 7.36%
• 1Y: 10.71%
• 3Y*: 12.82%
• 5Y*: 15.06%
• 10Y*: -2.26%

^TYX

• 1D: 0.18%
• 1M: 4.30%
• YTD: 1.24%
• 6M: 3.92%
• 1Y: 8.50%
• 3Y*: 9.92%
• 5Y*: 15.93%
• 10Y*: 6.46%

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

Return for Risk

TTT vs. ^TYX — Risk / Return Rank

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

TTT

TTT Risk / Return Rank: 19
TTT Sharpe Ratio Rank: 20
TTT Sortino Ratio Rank: 23
TTT Omega Ratio Rank: 20
TTT Calmar Ratio Rank: 18
TTT Martin Ratio Rank: 15

^TYX

^TYX Risk / Return Rank: 28
^TYX Sharpe Ratio Rank: 35
^TYX Sortino Ratio Rank: 33
^TYX Omega Ratio Rank: 31
^TYX Calmar Ratio Rank: 21
^TYX Martin Ratio Rank: 21

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.

TTT vs. ^TYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UltraPro Short 20+ Year Treasury (TTT) and Treasury Yield 30 Years (^TYX). 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.

	TTT	^TYX	Difference
Sharpe ratio Return per unit of total volatility	0.31	0.57	-0.26
Sortino ratio Return per unit of downside risk	0.72	0.95	-0.23
Omega ratio Gain probability vs. loss probability	1.08	1.11	-0.03
Calmar ratio Return relative to maximum drawdown	0.28	0.20	+0.09
Martin ratio Return relative to average drawdown	0.49	0.38	+0.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TTT vs. ^TYX - Sharpe Ratio Comparison

The current TTT Sharpe Ratio is 0.31, which is lower than the ^TYX Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of TTT and ^TYX, 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

	TTT	^TYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	0.57	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.61	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.05	0.19	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	-0.24	-0.03	-0.21

Correlation

The correlation between TTT and ^TYX is 0.93, 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.

Drawdowns

TTT vs. ^TYX - Drawdown Comparison

The maximum TTT drawdown since its inception was -94.00%, which is greater than ^TYX's maximum drawdown of -88.52%. Use the drawdown chart below to compare losses from any high point for TTT and ^TYX.

Drawdown Indicators

	TTT	^TYX	Difference
Max Drawdown Largest peak-to-trough decline	-94.00%	-88.52%	-5.48%
Max Drawdown (1Y) Largest decline over 1 year	-25.97%	-10.83%	-15.14%
Max Drawdown (5Y) Largest decline over 5 years	-49.69%	-30.52%	-19.17%
Max Drawdown (10Y) Largest decline over 10 years	-81.76%	-72.86%	-8.90%
Current Drawdown Current decline from peak	-78.81%	-39.94%	-38.87%
Average Drawdown Average peak-to-trough decline	-70.26%	-46.00%	-24.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.08%	5.64%	+9.44%

Volatility

TTT vs. ^TYX - Volatility Comparison

UltraPro Short 20+ Year Treasury (TTT) has a higher volatility of 10.82% compared to Treasury Yield 30 Years (^TYX) at 4.20%. This indicates that TTT's price experiences larger fluctuations and is considered to be riskier than ^TYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TTT	^TYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.82%	4.20%	+6.62%
Volatility (6M) Calculated over the trailing 6-month period	19.71%	8.18%	+11.53%
Volatility (1Y) Calculated over the trailing 1-year period	34.30%	14.52%	+19.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.21%	25.36%	+21.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.46%	33.22%	+10.24%