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UBT vs. TLT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between UBT and TLT is -0.27. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.3

Performance

UBT vs. TLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra 20+ Year Treasury (UBT) and iShares 20+ Year Treasury Bond ETF (TLT). The values are adjusted to include any dividend payments, if applicable.

10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
14.84%
47.96%
UBT
TLT

Key characteristics

Sharpe Ratio

UBT:

0.02

TLT:

0.28

Sortino Ratio

UBT:

0.23

TLT:

0.48

Omega Ratio

UBT:

1.03

TLT:

1.06

Calmar Ratio

UBT:

0.01

TLT:

0.09

Martin Ratio

UBT:

0.04

TLT:

0.53

Ulcer Index

UBT:

15.64%

TLT:

7.52%

Daily Std Dev

UBT:

28.41%

TLT:

14.42%

Max Drawdown

UBT:

-78.90%

TLT:

-48.35%

Current Drawdown

UBT:

-75.75%

TLT:

-41.08%

Returns By Period

In the year-to-date period, UBT achieves a 3.17% return, which is significantly higher than TLT's 2.84% return. Over the past 10 years, UBT has underperformed TLT with an annualized return of -6.66%, while TLT has yielded a comparatively higher -0.90% annualized return.


UBT

YTD

3.17%

1M

0.00%

6M

-6.53%

1Y

1.97%

5Y*

-23.15%

10Y*

-6.66%

TLT

YTD

2.84%

1M

0.34%

6M

-1.48%

1Y

4.94%

5Y*

-9.56%

10Y*

-0.90%

*Annualized

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UBT vs. TLT - Expense Ratio Comparison

UBT has a 0.95% expense ratio, which is higher than TLT's 0.15% expense ratio.


Expense ratio chart for UBT: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
UBT: 0.95%
Expense ratio chart for TLT: current value is 0.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TLT: 0.15%

Risk-Adjusted Performance

UBT vs. TLT — Risk-Adjusted Performance Rank

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

UBT
The Risk-Adjusted Performance Rank of UBT is 2424
Overall Rank
The Sharpe Ratio Rank of UBT is 2323
Sharpe Ratio Rank
The Sortino Ratio Rank of UBT is 2626
Sortino Ratio Rank
The Omega Ratio Rank of UBT is 2525
Omega Ratio Rank
The Calmar Ratio Rank of UBT is 2222
Calmar Ratio Rank
The Martin Ratio Rank of UBT is 2222
Martin Ratio Rank

TLT
The Risk-Adjusted Performance Rank of TLT is 3737
Overall Rank
The Sharpe Ratio Rank of TLT is 4242
Sharpe Ratio Rank
The Sortino Ratio Rank of TLT is 4141
Sortino Ratio Rank
The Omega Ratio Rank of TLT is 3737
Omega Ratio Rank
The Calmar Ratio Rank of TLT is 3030
Calmar Ratio Rank
The Martin Ratio Rank of TLT is 3434
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

UBT vs. TLT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra 20+ Year Treasury (UBT) and iShares 20+ Year Treasury Bond ETF (TLT). 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.


The chart of Sharpe ratio for UBT, currently valued at 0.02, compared to the broader market-1.000.001.002.003.004.00
UBT: 0.02
TLT: 0.28
The chart of Sortino ratio for UBT, currently valued at 0.23, compared to the broader market-2.000.002.004.006.008.00
UBT: 0.23
TLT: 0.48
The chart of Omega ratio for UBT, currently valued at 1.03, compared to the broader market0.501.001.502.002.50
UBT: 1.03
TLT: 1.06
The chart of Calmar ratio for UBT, currently valued at 0.01, compared to the broader market0.002.004.006.008.0010.0012.00
UBT: 0.01
TLT: 0.09
The chart of Martin ratio for UBT, currently valued at 0.04, compared to the broader market0.0020.0040.0060.00
UBT: 0.04
TLT: 0.53

The current UBT Sharpe Ratio is 0.02, which is lower than the TLT Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of UBT and TLT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00NovemberDecember2025FebruaryMarchApril
0.02
0.28
UBT
TLT

Dividends

UBT vs. TLT - Dividend Comparison

UBT's dividend yield for the trailing twelve months is around 4.32%, more than TLT's 4.24% yield.


TTM20242023202220212020201920182017201620152014
UBT
ProShares Ultra 20+ Year Treasury
4.32%4.50%3.53%0.30%0.00%0.26%1.50%1.55%1.37%1.04%1.56%0.79%
TLT
iShares 20+ Year Treasury Bond ETF
4.24%4.30%3.38%2.67%1.50%1.50%2.27%2.63%2.43%2.60%2.61%2.67%

Drawdowns

UBT vs. TLT - Drawdown Comparison

The maximum UBT drawdown since its inception was -78.90%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for UBT and TLT. For additional features, visit the drawdowns tool.


-80.00%-70.00%-60.00%-50.00%-40.00%NovemberDecember2025FebruaryMarchApril
-75.75%
-41.08%
UBT
TLT

Volatility

UBT vs. TLT - Volatility Comparison

ProShares Ultra 20+ Year Treasury (UBT) has a higher volatility of 11.53% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 6.00%. This indicates that UBT's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%NovemberDecember2025FebruaryMarchApril
11.53%
6.00%
UBT
TLT