UST vs. VTI

Last updated Jun 4, 2026

UST (ProShares Ultra 7-10 Year Treasury) and VTI (Vanguard Total Stock Market ETF) are both exchange-traded funds - UST is a Leveraged Bonds fund tracking the Barclays Capital U.S. 7-10 Year Treasury Index (200%), while VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Both are passively managed. Over the past 10 years, UST returned -2.13%/yr vs 15.05%/yr for VTI. At a correlation of -0.23, they often move in opposite directions. UST charges 0.95%/yr vs 0.03%/yr for VTI.

Performance

UST vs. VTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra 7-10 Year Treasury (UST) and Vanguard Total Stock Market ETF (VTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UST achieves a -2.88% return, which is significantly lower than VTI's 11.20% return. Over the past 10 years, UST has underperformed VTI with an annualized return of -2.13%, while VTI has yielded a comparatively higher 15.05% annualized return.

UST

• 1D: -0.56%
• 1M: -0.51%
• YTD: -2.88%
• 6M: -4.24%
• 1Y: 3.81%
• 3Y*: -0.51%
• 5Y*: -6.75%
• 10Y*: -2.13%

VTI

• 1D: -0.72%
• 1M: 4.99%
• YTD: 11.20%
• 6M: 11.09%
• 1Y: 28.18%
• 3Y*: 22.07%
• 5Y*: 12.69%
• 10Y*: 15.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UST vs. VTI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UST ProShares Ultra 7-10 Year Treasury	-2.88%	10.26%	-6.19%	0.16%	-30.19%	-7.81%	18.83%	13.34%	-1.09%	3.21%
VTI Vanguard Total Stock Market ETF	11.20%	17.10%	23.81%	26.05%	-19.52%	25.68%	21.08%	30.67%	-5.23%	21.21%

Correlation

The correlation between UST and VTI is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	-0.09
Correlation (All Time) Calculated using the full available price history since Feb 3, 2010	-0.23

The correlation between UST and VTI shifts across timeframes, from -0.23 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.

UST vs. VTI - Sectors Allocation Comparison

Sectors	UST	VTI
Financial Services	97.4%	12.0%
Basic Materials	-	2.0%
Communication Services	-	10.3%
Consumer Cyclical	-	10.0%
Consumer Defensive	-	4.7%
Energy	-	3.7%
Healthcare	-	9.2%
Industrials	-	9.8%
Real Estate	-	2.4%
Technology	-	33.5%
Utilities	-	2.3%

Return for Risk

UST vs. VTI — Risk / Return Rank

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

UST

UST Risk / Return Rank: 14
UST Sharpe Ratio Rank: 15
UST Sortino Ratio Rank: 13
UST Omega Ratio Rank: 13
UST Calmar Ratio Rank: 14
UST Martin Ratio Rank: 15

VTI

VTI Risk / Return Rank: 68
VTI Sharpe Ratio Rank: 69
VTI Sortino Ratio Rank: 68
VTI Omega Ratio Rank: 67
VTI Calmar Ratio Rank: 62
VTI Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UST vs. VTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra 7-10 Year Treasury (UST) and Vanguard Total Stock Market ETF (VTI). 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.

	UST	VTI	Difference
Sharpe ratio: Return per unit of total volatility	0.40	2.33	-1.93
Sortino ratio: Return per unit of downside risk	0.64	3.18	-2.54
Omega ratio: Gain probability vs. loss probability	1.07	1.42	-0.34
Calmar ratio: Return relative to maximum drawdown	0.44	3.17	-2.74
Martin ratio: Return relative to average drawdown	1.26	14.62	-13.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UST vs. VTI - Sharpe Ratio Comparison

The current UST Sharpe Ratio is 0.40, which is lower than the VTI Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of UST and VTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UST	VTI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.40	2.33	-1.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.44	0.73	-1.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.16	0.82	-0.99
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.51	-0.31

Drawdowns

UST vs. VTI - Drawdown Comparison

The maximum UST drawdown since its inception was -47.99%, smaller than the maximum VTI drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for UST and VTI.

Drawdown Indicators

	UST	VTI	Difference
Max Drawdown Largest peak-to-trough decline	-47.99%	-55.45%	+7.46%
Max Drawdown (1Y) Largest decline over 1 year	-8.75%	-8.92%	+0.17%
Max Drawdown (3Y) Largest decline over 3 years	-16.87%	-19.30%	+2.43%
Max Drawdown (5Y) Largest decline over 5 years	-43.97%	-25.36%	-18.61%
Max Drawdown (10Y) Largest decline over 10 years	-47.99%	-35.00%	-12.99%
Current Drawdown Current decline from peak	-38.33%	-0.72%	-37.61%
Average Drawdown Average peak-to-trough decline	-15.13%	-8.03%	-7.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	1.93%	+1.10%

Volatility

UST vs. VTI - Volatility Comparison

ProShares Ultra 7-10 Year Treasury (UST) and Vanguard Total Stock Market ETF (VTI) have volatilities of 3.10% and 2.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UST	VTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.10%	2.96%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	6.58%	9.13%	-2.55%
Volatility (1Y) Calculated over the trailing 1-year period	9.50%	12.17%	-2.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.47%	17.40%	-1.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.18%	18.30%	-5.12%

UST vs. VTI - Expense Ratio Comparison

UST has a 0.95% expense ratio, which is higher than VTI's 0.03% expense ratio.

Dividends

UST vs. VTI - Dividend Comparison

UST's dividend yield for the trailing twelve months is around 3.49%, more than VTI's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UST ProShares Ultra 7-10 Year Treasury	3.49%	3.65%	4.09%	3.49%	0.47%	0.27%	0.53%	1.42%	1.71%	0.84%	0.64%	0.75%
VTI Vanguard Total Stock Market ETF	1.01%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%

Frequently Asked Questions

Can I hold both UST and VTI in my portfolio?

UST and VTI have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UST or VTI?

UST has higher volatility (3.10%) compared to VTI (2.96%). In terms of maximum drawdown, UST dropped -47.99% vs VTI's -55.45%.

Which ETF is better, UST or VTI?

On 10-year performance, VTI leads with 15.05% vs -2.13% for UST. On fees, VTI is cheaper at 0.03% per year. On volatility, VTI has been the lower-risk option at 2.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UST or VTI?

Over the 10-year period, VTI has performed better with a 15.05% return vs -2.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UST or VTI?

VTI is cheaper with a 0.03% expense ratio, compared with 0.95% for UST.

Which ETF pays a higher dividend yield, UST or VTI?

UST has the higher dividend yield at 3.49%, compared with 1.01% for VTI.

What is the main difference between UST and VTI?

UST is categorized as Leveraged Bonds, while VTI is Large Cap Blend Equities. UST tracks Barclays Capital U.S. 7-10 Year Treasury Index (200%), while VTI tracks CRSP US Total Market Index. They also come from different issuers: ProShares and Vanguard. Their fees differ too: 0.95% for UST and 0.03% for VTI.

Which has better risk-adjusted returns?

VTI currently has the higher Sharpe Ratio (2.33 vs 0.40), 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.