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TBFvsTBTETF Comparison

ETF 1
TBF

ProShares Short 20+ Year Treasury ETF

This fund is part of
Inverse Fixed Income
+0.02%
VS
ETF 2
TBT

ProShares UltraShort 20+ YEAR TREASURY ETF

This fund is part of
Inverse Fixed Income
+0.02%

The ETFs ProShares Short 20+ Year Treasury ETF (TBF) and ProShares UltraShort 20+ YEAR TREASURY ETF (TBT) track the ICE U.S. Treasury 20+ Year Total Return Index - USD and belong to the same industry segment: Inverse Fixed Income. TBF is more expensive with a Total Expense Ratio (TER) of 1%, versus 0.93% for TBT. TBF is up 9.11% year-to-date (YTD) with +$54M in YTD flows. TBT performs better with 16.48% YTD performance, and +$37M in YTD flows. Run a side-by-side ETF comparison of TBF and TBT 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 TBT performance and flow charts

Performance

-20246810%Sep 16Sep 23Sep 30Oct 7Oct 14

Cumulative Flows

-10 M0 M10 M20 MSep 16Sep 23Sep 30Oct 7Oct 14

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

Historic performance and flows
Data as of 10/16/2026
1M3MYTD1Y3Y5Y
Perf.
TBF
TBT
+1.14%+1.88%
+5.34%+9.90%
+9.11%+16.48%
+14.17%+26.55%
+11.74%+8.72%
+81.43%+158.85%
Flows
TBF
TBT
+$722K+$10M
+$32M+$21M
+$54M+$37M
+$49M+$9M
-$92M-$268M
-$857M-$2.06B
Volatility and drawdown
3M1Y3Y5Y
Volatility
TBF
TBT
+10.43%+20.88%
+9.43%+18.72%
+12.89%+25.71%
+15.47%+30.85%
Max drawdown
TBF
TBT
-3.51%-7.01%
-5.50%-10.44%
-17.72%-33.91%
-17.72%-33.91%
Max drawdown duration
TBF
TBT
11d11d
72d72d
579d1070d
579d1070d
Trading data

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TBF
TBT
Last sale
10/16/2026 at 1:30 PM
$26.01
$39.92
Previous close
10/15/2026
$25.97
$39.98
Consolidated volume
10/15/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of October 19, 2026
1-year trailing difference

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TBF
TBT
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
TBF
TBT
Last price
$26.01
$39.92
1D performance
+0.15%
-0.15%
AuM$126.42 M$332.94 M
E/R1%0.93%
Characteristics
TBF
TBT
Management strategyPassivePassive
ProviderProSharesProShares
BenchmarkICE U.S. Treasury 20+ Year IndexICE U.S. Treasury 20+ Year Index
N° of holdings--
Asset classBondsBonds
Trailing 12m distribution yield
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Inception dateAugust 18, 2009April 29, 2008
ESGNoNo
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Exposure

Countries

TBF
Data will be available soon
TBT
Data will be available soon

Sectors

TBF
Data will be available soon
TBT
Data will be available soon
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Diversification

TBF
Data will be available soon
TBT
Data will be available soon

Top 15 holdings

Data as of January 1, 1970
TBF
Data will be available soon
TBT
Data will be available soon
Frequently asked questions about TBF and TBT

How have the TBF and TBT ETFs performed in 2026?

As of October 16, 2026, TBF is up 9.11% year-to-date (YTD), while TBT has returned 16.48%. That puts TBT better performer ahead so far this year.

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

Year-to-date, the TBF ETF saw +$54M in flows, compared to +$37M for TBT.

Which ETF is more volatile: TBF or TBT?

Over the past year, TBF had a volatility of 9.43%, while TBT experienced 18.72%.

Which ETF is bigger: TBF or TBT?

As of October 16, 2026, TBF holds $126.42 M in assets under management (AUM), while TBT manages $332.94 M.

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Latest news about TBF & TBT
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