UBT vs. RSBA
Compare and contrast key facts about ProShares Ultra 20+ Year Treasury (UBT) and Return Stacked Bonds & Merger Arbitrage ETF (RSBA).
UBT and RSBA 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. RSBA is an actively managed fund by Return Stacked. It was launched on Dec 17, 2024.
Performance
UBT vs. RSBA - Performance Comparison
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UBT vs. RSBA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UBT ProShares Ultra 20+ Year Treasury | -1.06% | 2.03% | -4.44% |
RSBA Return Stacked Bonds & Merger Arbitrage ETF | -0.50% | 7.73% | -0.04% |
Returns By Period
In the year-to-date period, UBT achieves a -1.06% return, which is significantly lower than RSBA's -0.50% return.
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%
RSBA
- 1D
- 0.26%
- 1M
- -1.77%
- YTD
- -0.50%
- 6M
- 0.52%
- 1Y
- 4.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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UBT vs. RSBA - Expense Ratio Comparison
UBT has a 0.95% expense ratio, which is lower than RSBA's 0.96% expense ratio.
Return for Risk
UBT vs. RSBA — Risk / Return Rank
UBT
RSBA
UBT vs. RSBA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra 20+ Year Treasury (UBT) and Return Stacked Bonds & Merger Arbitrage ETF (RSBA). 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.
| UBT | RSBA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.30 | 0.77 | -1.07 |
Sortino ratioReturn per unit of downside risk | -0.27 | 1.11 | -1.38 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.14 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | -0.28 | 1.47 | -1.75 |
Martin ratioReturn relative to average drawdown | -0.52 | 4.02 | -4.53 |
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
| UBT | RSBA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.30 | 0.77 | -1.07 |
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 | 0.02 | 1.08 | -1.06 |
Correlation
The correlation between UBT and RSBA is 0.83, 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
UBT vs. RSBA - Dividend Comparison
UBT's dividend yield for the trailing twelve months is around 3.93%, more than RSBA's 3.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RSBA Return Stacked Bonds & Merger Arbitrage ETF | 3.39% | 3.37% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UBT vs. RSBA - Drawdown Comparison
The maximum UBT drawdown since its inception was -78.90%, which is greater than RSBA's maximum drawdown of -2.83%. Use the drawdown chart below to compare losses from any high point for UBT and RSBA.
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Drawdown Indicators
| UBT | RSBA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.90% | -2.83% | -76.07% |
Max Drawdown (1Y)Largest decline over 1 year | -18.64% | -2.83% | -15.81% |
Max Drawdown (5Y)Largest decline over 5 years | -72.49% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -78.90% | — | — |
Current DrawdownCurrent decline from peak | -76.27% | -1.81% | -74.46% |
Average DrawdownAverage peak-to-trough decline | -31.82% | -0.70% | -31.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.11% | 1.03% | +9.08% |
Volatility
UBT vs. RSBA - Volatility Comparison
ProShares Ultra 20+ Year Treasury (UBT) has a higher volatility of 7.28% compared to Return Stacked Bonds & Merger Arbitrage ETF (RSBA) at 2.18%. This indicates that UBT's price experiences larger fluctuations and is considered to be riskier than RSBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UBT | RSBA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.28% | 2.18% | +5.10% |
Volatility (6M)Calculated over the trailing 6-month period | 13.23% | 3.17% | +10.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.59% | 5.25% | +17.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.38% | 5.18% | +26.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.38% | 5.18% | +24.20% |