TTT vs. ISTB
TTT (UltraPro Short 20+ Year Treasury) and ISTB (iShares Core 1-5 Year USD 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 ISTB is a Short-Term Bond fund tracking the BBG US Universal 1-5 Year Index (USD). Both are passively managed. Over the past 10 years, TTT returned -0.85%/yr vs 2.24%/yr for ISTB. At a correlation of -0.57, they often move in opposite directions. TTT charges 0.95%/yr vs 0.06%/yr for ISTB.
Performance
TTT vs. ISTB - Performance Comparison
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Returns By Period
In the year-to-date period, TTT achieves a 0.59% return, which is significantly higher than ISTB's 0.53% return. Over the past 10 years, TTT has underperformed ISTB with an annualized return of -0.85%, while ISTB has yielded a comparatively higher 2.24% annualized return.
TTT
- 1D
- -0.36%
- 1M
- -6.09%
- YTD
- 0.59%
- 6M
- 2.13%
- 1Y
- -4.00%
- 3Y*
- 10.12%
- 5Y*
- 18.57%
- 10Y*
- -0.85%
ISTB
- 1D
- 0.08%
- 1M
- 0.27%
- YTD
- 0.53%
- 6M
- 0.69%
- 1Y
- 3.65%
- 3Y*
- 5.01%
- 5Y*
- 1.91%
- 10Y*
- 2.24%
TTT vs. ISTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TTT UltraPro Short 20+ Year Treasury | 0.59% | -7.89% | 38.07% | -11.25% | 150.17% | 2.55% | -54.12% | -34.88% | 6.34% | -25.87% |
ISTB iShares Core 1-5 Year USD Bond ETF | 0.53% | 6.36% | 4.37% | 5.56% | -6.08% | -0.71% | 4.75% | 5.61% | 1.02% | 1.72% |
Correlation
The correlation between TTT and ISTB is -0.72, 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 | -0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2012 | -0.57 |
The correlation between TTT and ISTB shifts across timeframes, from -0.76 (3 years) to -0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TTT vs. ISTB — Risk / Return Rank
TTT
ISTB
TTT vs. ISTB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UltraPro Short 20+ Year Treasury (TTT) and iShares Core 1-5 Year USD Bond ETF (ISTB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TTT | ISTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.19 | ||
| Sortino ratioReturn per unit of downside risk | -3.15 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.39 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 2.91 | -3.09 |
| Martin ratioReturn relative to average drawdown | -0.34 | 10.69 | -11.03 |
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Drawdowns
TTT vs. ISTB - Drawdown Comparison
The maximum TTT drawdown since its inception was -94.00%, which is greater than ISTB's maximum drawdown of -9.34%. Use the drawdown chart below to compare losses from any high point for TTT and ISTB.
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Drawdown Indicators
| TTT | ISTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.00% | -9.34% | -84.66% |
Max Drawdown (1Y)Largest decline over 1 year | -22.18% | -1.26% | -20.92% |
Max Drawdown (3Y)Largest decline over 3 years | -49.69% | -1.36% | -48.33% |
Max Drawdown (5Y)Largest decline over 5 years | -49.69% | -9.34% | -40.35% |
Max Drawdown (10Y)Largest decline over 10 years | -81.76% | -9.34% | -72.42% |
Current DrawdownCurrent decline from peak | -78.91% | -0.38% | -78.53% |
Average DrawdownAverage peak-to-trough decline | -70.37% | -1.22% | -69.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.89% | 0.34% | +11.55% |
Volatility
TTT vs. ISTB - Volatility Comparison
UltraPro Short 20+ Year Treasury (TTT) has a higher volatility of 6.36% compared to iShares Core 1-5 Year USD Bond ETF (ISTB) at 0.64%. This indicates that TTT's price experiences larger fluctuations and is considered to be riskier than ISTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TTT | ISTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 0.64% | +5.72% |
Volatility (6M)Calculated over the trailing 6-month period | 19.77% | 1.36% | +18.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.33% | 1.79% | +26.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.02% | 2.80% | +44.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.32% | 2.51% | +40.81% |
TTT vs. ISTB - Expense Ratio Comparison
TTT has a 0.95% expense ratio, which is higher than ISTB's 0.06% expense ratio.
Dividends
TTT vs. ISTB - Dividend Comparison
TTT's dividend yield for the trailing twelve months is around 9.61%, more than ISTB's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISTB iShares Core 1-5 Year USD Bond ETF | 4.25% | 4.12% | 3.83% | 2.97% | 2.01% | 1.69% | 2.20% | 2.75% | 2.57% | 2.06% | 1.90% | 1.58% |
TTT UltraPro Short 20+ Year Treasury | 9.61% | 9.87% | 4.86% | 12.15% | 0.34% | 0.00% | 0.29% | 1.88% | 0.44% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TTT and ISTB have a correlation of -0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TTT has higher volatility (6.36%) compared to ISTB (0.64%). In terms of maximum drawdown, TTT dropped -94.00% vs ISTB's -9.34%.
On 10-year performance, ISTB leads with 2.24% vs -0.85% for TTT. On fees, ISTB is cheaper at 0.06% per year. On volatility, ISTB has been the lower-risk option at 0.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ISTB has performed better with a 2.24% return vs -0.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISTB is cheaper with a 0.06% expense ratio, compared with 0.95% for TTT.
TTT has the higher dividend yield at 9.61%, compared with 4.25% for ISTB.
TTT is categorized as Leveraged Bonds, while ISTB is Short-Term Bond. TTT tracks Barclays Capital U.S. 20+ Year Treasury Index (-300%), while ISTB tracks BBG US Universal 1-5 Year Index (USD). They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for TTT and 0.06% for ISTB.
ISTB currently has the higher Sharpe Ratio (2.05 vs -0.14), 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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