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TBFvsBILZETF Comparison

ETF 1

TBF

ProShares Short 20+ Year Treasury ETF

This fund is part of

Inverse Fixed Income

+0.84%

Full TBF fund page

VS

ETF 2

BILZ

PIMCO Ultra Short Government Active ETF

This fund is part of

Money Market Bonds

-0%

Full BILZ fund page

ProShares Short 20+ Year Treasury ETF (TBF) belongs to the Inverse Fixed Income segment. PIMCO Ultra Short Government Active ETF (BILZ) is part of the Money Market Bonds segment. Both ETFs have the same top 1 sector exposures: Sovereign. TBF is more expensive with a Total Expense Ratio (TER) of 1%, versus 0.14% for BILZ. TBF is up 6.38% year-to-date (YTD) with +$46M in YTD flows. BILZ performs worse with 1.75% YTD performance, and +$107M in YTD flows. Run a side-by-side ETF comparison of TBF and BILZ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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TBF vs BILZ performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/01/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	TBF BILZ	+0.42%-0.02%	+3.85%+0.31%	+6.38%+1.75%	+4.69%+3.04%	+20.22%+13.57%	+79.84%n/a
Flows	TBF BILZ	+$11M-$58M	-$20M-$147M	+$46M+$107M	+$43M+$72M	-$82M+$923M	-$713M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	TBF BILZ	+10.10%+0.89%	+9.46%+0.47%	+13.39%+0.32%	+15.54%n/a
Max drawdown	TBF BILZ	-3.53%-0.32%	-6.60%-0.32%	-17.72%-0.32%	-17.72%n/a
Max drawdown duration	TBF BILZ	32d30d	198d30d	579d30d	579dn/a

Trading data

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	TBF	BILZ
Last sale 9/2/2026 at 1:30 PM	$25.49	$100.65
Previous close 09/01/2026	$25.52	$100.64
Consolidated volume 09/01/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 2, 2026

1-year trailing difference

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BILZ

is actively managed and doesn’t replicate an index

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	TBF	BILZ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/2/2026 at 1:30 PM

Live

Closed

	TBF	BILZ
Last price	$25.49	$100.65
1D performance	-0.12%	+0.01%
AuM	$116.47 M	$944.06 M
E/R	1%	0.14%

Characteristics

	TBF	BILZ
Management strategy	Passive	Active
Provider	ProShares	PIMCO
Benchmark	ICE U.S. Treasury 20+ Year Index	-
N° of holdings	11	5
Asset class	Bonds	-
Trailing 12m distribution yield	Join	Join
Inception date	August 18, 2009	June 22, 2023
ESG	No	No

More TBF data on Trackinsight

More BILZ data on Trackinsight

Exposure

Countries

TBF

USA

74.17%

Other

25.83%

BILZ

USA

100%

Other

-0%

Sectors

TBF

Sovereign

74.17%

Other

25.83%

BILZ

Sovereign

100%

Other

-0%

Diversification

TBF

Total weight of top 11 holdings out of 11

74.17%

BILZ

Total weight of top 5 holdings out of 5

100%

Top 15 holdings

Data as of July 31, 2026

TBF

USA, Bills 0% 3sep2026, USD (364D)

26.14%

USA, Bills 0% 17sep2026, USD (182D)

8.89%

USA, Bills 0% 13aug2026, USD (182D)

6.54%

USA, Bills 0% 10sep2026, USD (182D)

6.00%

USA, Bills 0% 22oct2026, USD (182D)

5.41%

USA, Bills 0% 24sep2026, USD (182D)

4.95%

USA, Bills 0% 1oct2026, USD (364D)

4.64%

USA, Bills 0% 8oct2026, USD (182D)

3.77%

USA, Bills 0% 6oct2026, USD (119D)

3.31%

USA, Bills 0% 15oct2026, USD (182D)

3.09%

USA, Bills 0% 29sep2026, USD (119D)

1.44%

BILZ

USA, Bills 0% 27oct2026, USD (119D)

43.97%

USA, Bills 0% 22sep2026, USD (119D)

42.81%

USA, Bills 0% 18aug2026, USD (119D)

7.76%

USA, Bills 0% 15oct2026, USD (182D)

4.67%

USA, Bills 0% 22oct2026, USD (182D)

0.79%

Frequently asked questions about TBF and BILZ

How have the TBF and BILZ ETFs performed in 2026?

As of September 1, 2026, TBF is up 6.38% year-to-date (YTD), while BILZ has returned 1.75%. That puts TBF better performer ahead so far this year.

Which ETF is attracting more investor money: TBF or BILZ?

Year-to-date, the TBF ETF saw +$46M in flows, compared to +$107M for BILZ.

Which ETF is more volatile: TBF or BILZ?

Over the past year, TBF had a volatility of 9.46%, while BILZ experienced 0.47%.

Which ETF is bigger: TBF or BILZ?

As of September 1, 2026, TBF holds $116.47 M in assets under management (AUM), while BILZ manages $944.06 M.

What sectors do the TBF and BILZ ETFs invest in?

TBF leans toward sectors like Sovereign. Meanwhile, BILZ focuses on Sovereign.

What are the top holdings of the TBF ETF and BILZ ETF?

TBF top holdings include USA, Bills 0% 3sep2026, USD (364D), USA, Bills 0% 17sep2026, USD (182D) and USA, Bills 0% 13aug2026, USD (182D). BILZ holds in its top three: USA, Bills 0% 27oct2026, USD (119D), USA, Bills 0% 22sep2026, USD (119D) and USA, Bills 0% 18aug2026, USD (119D).

TBFvsBILZETF Comparison

ProShares Short 20+ Year Treasury ETF

PIMCO Ultra Short Government Active ETF

TBF vs BILZ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the TBF and BILZ ETFs performed in 2026?

As of September 1, 2026, TBF is up 6.38% year-to-date (YTD), while BILZ has returned 1.75%. That puts TBF better performer ahead so far this year.

Which ETF is attracting more investor money: TBF or BILZ?

Year-to-date, the TBF ETF saw +$46M in flows, compared to +$107M for BILZ.

Which ETF is more volatile: TBF or BILZ?

Over the past year, TBF had a volatility of 9.46%, while BILZ experienced 0.47%.

Which ETF is bigger: TBF or BILZ?

As of September 1, 2026, TBF holds $116.47 M in assets under management (AUM), while BILZ manages $944.06 M.

What sectors do the TBF and BILZ ETFs invest in?

TBF leans toward sectors like Sovereign. Meanwhile, BILZ focuses on Sovereign.

What are the top holdings of the TBF ETF and BILZ ETF?

TBF top holdings include USA, Bills 0% 3sep2026, USD (364D), USA, Bills 0% 17sep2026, USD (182D) and USA, Bills 0% 13aug2026, USD (182D). BILZ holds in its top three: USA, Bills 0% 27oct2026, USD (119D), USA, Bills 0% 22sep2026, USD (119D) and USA, Bills 0% 18aug2026, USD (119D).

Which ETF is more diversified: TBF or BILZ?

TBF has 11 securities and BILZ has 5 securities.

The US labor market continues to hold up

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