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TBFvsQBULETF Comparison

ETF 1
TBF

ProShares Short 20+ Year Treasury ETF

This fund is part of
Inverse Fixed Income
-0.17%
VS
ETF 2
QBUL

TrueShares Quarterly Bull Hedge ETF

This fund is part of
Options Strategies
+0.3%

ProShares Short 20+ Year Treasury ETF (TBF) belongs to the Inverse Fixed Income segment. TrueShares Quarterly Bull Hedge ETF (QBUL) is part of the Options Strategies segment. TBF's top 1 sector exposures are Sovereign. In contrast, QBUL'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 QBUL. TBF is up 6.3% year-to-date (YTD) with +$46M in YTD flows. QBUL performs worse with 1.55% YTD performance, and -$5M in YTD flows. Run a side-by-side ETF comparison of TBF and QBUL 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 QBUL performance and flow charts

Performance

-1.0-0.50.00.51.0%Aug 3Aug 10Aug 17Aug 24Aug 31

Cumulative Flows

-20 M-15 M-10 M-5 M0 M5 M10 M15 MAug 3Aug 10Aug 17Aug 24Aug 31

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Historic performance and flows
Data as of 09/02/2026
1M3MYTD1Y3Y5Y
Perf.
TBF
QBUL
+0.34%-0.07%
+3.98%-1.53%
+6.30%+1.55%
+4.60%+2.45%
+18.44%n/a
+80.48%n/a
Flows
TBF
QBUL
+$11M-$19M
-$16M-$16M
+$46M-$5M
+$43M-$2M
-$86M-
-$715M-
Volatility and drawdown
3M1Y3Y5Y
Volatility
TBF
QBUL
+10.09%+4.33%
+9.44%+3.52%
+13.36%n/a
+15.53%n/a
Max drawdown
TBF
QBUL
-3.53%-1.97%
-6.60%-2.47%
-17.72%n/a
-17.72%n/a
Max drawdown duration
TBF
QBUL
32d92d
198d188d
579dn/a
579dn/a
Trading data

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TBF
QBUL
Last sale
9/3/2026 at 1:30 PM
$25.48
$24.11
Previous close
09/02/2026
$25.49
$24.05
Consolidated volume
09/02/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of September 3, 2026
1-year trailing difference

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QBUL
is actively managed and doesn’t replicate an index

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TBF
QBUL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 9/3/2026 at 1:30 PM
Live
Closed
TBF
QBUL
Last price
$25.48
$24.11
1D performance
-0.04%
+0.23%
AuM$116.38 M$8.67 M
E/R1%0.79%
Characteristics
TBF
QBUL
Management strategyPassiveActive
ProviderProSharesTrueShares
BenchmarkICE U.S. Treasury 20+ Year Index-
N° of holdings114
Asset classBonds-
Trailing 12m distribution yield
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Inception dateAugust 18, 2009June 28, 2024
ESGNoNo
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Exposure

Countries

TBF
USA
74.17%
Other
25.83%
QBUL
USA
99.17%
Other
0.83%

Sectors

TBF
Sovereign
74.17%
Other
25.83%
QBUL
Sovereign
99.1%
Other
0.9%
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Diversification

TBF

Total weight of top 11 holdings out of 11

74.17%
QBUL

Total weight of top 4 holdings out of 4

99.17%

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%
QBUL
USA, Bills 0% 20aug2026, USD (182D)
33.13%
USA, Bills 0% 17sep2026, USD (182D)
33.03%
USA, Bills 0% 15oct2026, USD (182D)
32.94%
State Street Institutional US Government Money Market Fund
0.08%
Frequently asked questions about TBF and QBUL

How have the TBF and QBUL ETFs performed in 2026?

As of September 2, 2026, TBF is up 6.3% year-to-date (YTD), while QBUL has returned 1.55%. That puts TBF better performer ahead so far this year.

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

Year-to-date, the TBF ETF saw +$46M in flows, compared to -$5M for QBUL.

Which ETF is more volatile: TBF or QBUL?

Over the past year, TBF had a volatility of 9.44%, while QBUL experienced 3.52%.

Which ETF is bigger: TBF or QBUL?

As of September 2, 2026, TBF holds $116.38 M in assets under management (AUM), while QBUL manages $8.67 M.

What sectors do the TBF and QBUL ETFs invest in?

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

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

TBF top holdings include USA, Bills 0% 3sep2026, USD (364D), USA, Bills 0% 17sep2026, USD (182D) and USA, Bills 0% 13aug2026, USD (182D). QBUL holds in its top three: USA, Bills 0% 20aug2026, USD (182D), USA, Bills 0% 17sep2026, USD (182D) and USA, Bills 0% 15oct2026, USD (182D).

Which ETF is more diversified: TBF or QBUL?

TBF has 11 securities and QBUL has 4 securities.

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