TTT vs. BGRN
TTT (UltraPro Short 20+ Year Treasury) and BGRN (iShares USD Green Bond ETF) are both exchange-traded funds - TTT is a Leveraged Bonds fund tracking the Barclays Capital U.S. 20+ Year Treasury Index (-300%), while BGRN is a Global Bonds fund tracking the Bloomberg MSCI USD Green Bond Select Index. Both are passively managed. Over the past 5 years, TTT returned 16.11%/yr vs 0.63%/yr for BGRN. At a correlation of -0.79, they often move in opposite directions. TTT charges 0.95%/yr vs 0.20%/yr for BGRN.
Performance
TTT vs. BGRN - Performance Comparison
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Returns By Period
In the year-to-date period, TTT achieves a 2.52% return, which is significantly higher than BGRN's 0.64% return.
TTT
- 1D
- -0.75%
- 1M
- -0.84%
- YTD
- 2.52%
- 6M
- 8.18%
- 1Y
- -7.12%
- 3Y*
- 9.61%
- 5Y*
- 16.11%
- 10Y*
- -1.30%
BGRN
- 1D
- 0.11%
- 1M
- 0.30%
- YTD
- 0.64%
- 6M
- 0.83%
- 1Y
- 5.42%
- 3Y*
- 4.82%
- 5Y*
- 0.63%
- 10Y*
- —
TTT vs. BGRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TTT UltraPro Short 20+ Year Treasury | 2.52% | -7.89% | 38.07% | -11.25% | 150.17% | 2.55% | -54.12% | -34.88% | -15.60% |
BGRN iShares USD Green Bond ETF | 0.64% | 7.27% | 2.77% | 6.50% | -13.06% | -2.80% | 6.86% | 9.70% | 1.14% |
Correlation
The correlation between TTT and BGRN is -0.83, 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 | -0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.83 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2018 | -0.79 |
The correlation between TTT and BGRN has been stable across timeframes, ranging from -0.86 to -0.79 - a consistent structural relationship.
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Return for Risk
TTT vs. BGRN — Risk / Return Rank
TTT
BGRN
TTT vs. BGRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UltraPro Short 20+ Year Treasury (TTT) and iShares USD Green Bond ETF (BGRN). 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 | BGRN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.24 | 1.84 | -2.08 |
Sortino ratioReturn per unit of downside risk | -0.15 | 2.82 | -2.97 |
Omega ratioGain probability vs. loss probability | 0.98 | 1.34 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | -0.21 | 2.33 | -2.54 |
Martin ratioReturn relative to average drawdown | -0.40 | 7.86 | -8.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TTT | BGRN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.24 | 1.84 | -2.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.12 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.23 | 0.46 | -0.69 |
Drawdowns
TTT vs. BGRN - Drawdown Comparison
The maximum TTT drawdown since its inception was -94.00%, which is greater than BGRN's maximum drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for TTT and BGRN.
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Drawdown Indicators
| TTT | BGRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.00% | -19.16% | -74.84% |
Max Drawdown (1Y)Largest decline over 1 year | -22.51% | -2.23% | -20.28% |
Max Drawdown (3Y)Largest decline over 3 years | -49.69% | -4.55% | -45.14% |
Max Drawdown (5Y)Largest decline over 5 years | -49.69% | -18.73% | -30.96% |
Max Drawdown (10Y)Largest decline over 10 years | -81.76% | — | — |
Current DrawdownCurrent decline from peak | -78.50% | -0.63% | -77.87% |
Average DrawdownAverage peak-to-trough decline | -70.36% | -5.79% | -64.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.12% | 0.66% | +11.46% |
Volatility
TTT vs. BGRN - Volatility Comparison
UltraPro Short 20+ Year Treasury (TTT) has a higher volatility of 8.87% compared to iShares USD Green Bond ETF (BGRN) at 1.06%. This indicates that TTT's price experiences larger fluctuations and is considered to be riskier than BGRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TTT | BGRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.87% | 1.06% | +7.81% |
Volatility (6M)Calculated over the trailing 6-month period | 19.79% | 2.26% | +17.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.35% | 2.97% | +26.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.18% | 5.46% | +41.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.39% | 5.00% | +38.39% |
TTT vs. BGRN - Expense Ratio Comparison
TTT has a 0.95% expense ratio, which is higher than BGRN's 0.20% expense ratio.
Dividends
TTT vs. BGRN - Dividend Comparison
TTT's dividend yield for the trailing twelve months is around 9.43%, more than BGRN's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BGRN iShares USD Green Bond ETF | 4.28% | 4.21% | 4.07% | 3.52% | 2.66% | 0.78% | 1.82% | 3.66% | 0.21% |
TTT UltraPro Short 20+ Year Treasury | 9.43% | 9.87% | 4.86% | 12.15% | 0.34% | 0.00% | 0.29% | 1.88% | 0.44% |
Frequently Asked Questions
TTT and BGRN have a correlation of -0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TTT has higher volatility (8.87%) compared to BGRN (1.06%). In terms of maximum drawdown, TTT dropped -94.00% vs BGRN's -19.16%.
On 5-year performance, TTT leads with 16.11% vs 0.63% for BGRN. On fees, BGRN is cheaper at 0.20% per year. On volatility, BGRN has been the lower-risk option at 1.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, TTT has performed better with a 16.11% return vs 0.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BGRN is cheaper with a 0.20% expense ratio, compared with 0.95% for TTT.
TTT has the higher dividend yield at 9.43%, compared with 4.28% for BGRN.
TTT is categorized as Leveraged Bonds, while BGRN is Global Bonds. TTT tracks Barclays Capital U.S. 20+ Year Treasury Index (-300%), while BGRN tracks Bloomberg MSCI USD Green Bond Select Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for TTT and 0.20% for BGRN.
BGRN currently has the higher Sharpe Ratio (1.84 vs -0.24), 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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