UBT vs. EDV
Compare and contrast key facts about ProShares Ultra 20+ Year Treasury (UBT) and Vanguard Extended Duration Treasury ETF (EDV).
UBT and EDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. EDV is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. It was launched on Dec 6, 2007. Both UBT and EDV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UBT or EDV.
Performance
UBT vs. EDV - Performance Comparison
Returns By Period
In the year-to-date period, UBT achieves a -17.08% return, which is significantly lower than EDV's -9.70% return. Over the past 10 years, UBT has underperformed EDV with an annualized return of -5.44%, while EDV has yielded a comparatively higher -1.26% annualized return.
UBT
-17.08%
-4.48%
-1.64%
-1.24%
-17.38%
-5.44%
EDV
-9.70%
-2.53%
-0.09%
2.39%
-9.09%
-1.26%
Key characteristics
| UBT | EDV | |
|---|---|---|
| Sharpe Ratio | -0.01 | 0.15 |
| Sortino Ratio | 0.19 | 0.35 |
| Omega Ratio | 1.02 | 1.04 |
| Calmar Ratio | -0.00 | 0.05 |
| Martin Ratio | -0.02 | 0.34 |
| Ulcer Index | 13.71% | 9.02% |
| Daily Std Dev | 29.01% | 20.57% |
| Max Drawdown | -78.90% | -59.96% |
| Current Drawdown | -75.07% | -52.94% |
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UBT vs. EDV - Expense Ratio Comparison
UBT has a 0.95% expense ratio, which is higher than EDV's 0.06% expense ratio.
Correlation
The correlation between UBT and EDV is 0.98, 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.
Risk-Adjusted Performance
UBT vs. EDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra 20+ Year Treasury (UBT) and Vanguard Extended Duration Treasury ETF (EDV). 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.
Dividends
UBT vs. EDV - Dividend Comparison
UBT's dividend yield for the trailing twelve months is around 4.24%, less than EDV's 4.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UBT ProShares Ultra 20+ Year Treasury | 4.24% | 3.53% | 0.30% | 0.00% | 0.26% | 1.50% | 1.55% | 1.37% | 1.04% | 1.56% | 0.79% | 0.18% |
EDV Vanguard Extended Duration Treasury ETF | 4.30% | 3.55% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% | 3.12% | 5.03% |
Drawdowns
UBT vs. EDV - Drawdown Comparison
The maximum UBT drawdown since its inception was -78.90%, which is greater than EDV's maximum drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for UBT and EDV. For additional features, visit the drawdowns tool.
Volatility
UBT vs. EDV - Volatility Comparison
ProShares Ultra 20+ Year Treasury (UBT) has a higher volatility of 8.78% compared to Vanguard Extended Duration Treasury ETF (EDV) at 6.74%. This indicates that UBT's price experiences larger fluctuations and is considered to be riskier than EDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.