TBFvsNOVZETF Comparison
TrueShares Structured Outcome November ETF - USD
ProShares Short 20+ Year Treasury ETF (TBF) belongs to the Inverse Fixed Income segment. TrueShares Structured Outcome November ETF - USD (NOVZ) is part of the Options Strategies segment. TBF's top 1 sector exposures are Sovereign. In contrast, NOVZ's top sector exposures are Sovereign and Non-Corporate. TBF is more expensive with a Total Expense Ratio (TER) of 1%, versus 0.79% for NOVZ. TBF is up 6.15% year-to-date (YTD) with +$46M in YTD flows. NOVZ performs better with 9.53% YTD performance, and +$17M in YTD flows. Run a side-by-side ETF comparison of TBF and NOVZ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
TBF vs NOVZ performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TBF NOVZ | +0.21%+1.36% | +3.45%+1.46% | +6.15%+9.53% | +5.60%+15.17% | +18.28%+54.15% | +78.57%+62.04% |
| Flows | TBF NOVZ | +$11M+$2M | -$16M+$6M | +$46M+$17M | +$43M+$15M | -$86M+$21M | -$715M+$27M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TBF NOVZ | +10.07%+10.22% | +9.38%+9.64% | +13.35%+11.58% | +15.53%+12.98% |
| Max drawdown | TBF NOVZ | -3.53%-3.11% | -5.58%-6.65% | -17.72%-14.50% | -17.72%-17.00% |
| Max drawdown duration | TBF NOVZ | 32d60d | 135d92d | 579d126d | 579d548d |
TBF | NOVZ | |
Last sale 9/4/2026 at 1:30 PM | $25.42 | $47.92 |
| Previous close 09/03/2026 | $25.48 | $48.08 |
| Consolidated volume 09/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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TBF | NOVZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
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TBF | NOVZ | |
|---|---|---|
| Last price | $25.42 | $47.92 |
| 1D performance | -0.24% | -0.33% |
| AuM | $116.22 M | $37.51 M |
| E/R | 1% | 0.79% |
TBF | NOVZ | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | ProShares | TrueShares |
| Benchmark | ICE U.S. Treasury 20+ Year Index | - |
| N° of holdings | 11 | 2 |
| Asset class | Bonds | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 18, 2009 | November 1, 2020 |
| ESG | No | No |
Countries
Sectors
Diversification
Total weight of top 11 holdings out of 11
Total weight of top 2 holdings out of 2
