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ProShares UltraShort 20+ YEAR TREASURY ETF
TBT performance and flow charts
Performance
Flows
Historic performance and flows
Data as of April 27, 2026| 1M | 3M | YTD | 1Y | 3Y | 5Y | |
|---|---|---|---|---|---|---|
| Perf. | -1.72% | +2.73% | +2.33% | +5.42% | +39.37% | +96.92% |
| Flows | +$13M | +$7M | +$16M | -$16M | -$370M | -$1.56B |
Characteristics
The ProShares UltraShort 20+ YEAR TREASURY ETF is built to track the ICE U.S. Treasury 20+ Year Total Return Index - USD. This ETF provides synthetic exposure - by owning its shares you earn the return of the index indirectly through the use of derivatives or a swap. This share class generates a stream of income by distributing dividends.
| Management strategy | Passive |
| Strategy | Inverse |
| Provider | ProShares |
| N° of holdings | |
| Replication method | Indirect |
| Asset class | Fixed Income |
| Dividend policy | Distributing |
Trailing 12m distribution yield | Join for free |
| Inception date | April 29, 2008 |
| ESG | No |
More data and info about TBT on Trackinsight
TBT's exposure
This ETF provides synthetic exposure. It does not hold the securities of the index directly so we cannot display its exposure breakdown.
Latest news about TBT
Trading data
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Volatility | +19.55% | +20.13% | +28.02% | +31.35% |
Max drawdown | -8.72% | -17.38% | -33.91% | -33.91% |
Max drawdown duration | 43d | 341d | 921d | 921d |
Time to recover | 21d | N/A | N/A | N/A |
Replication quality
Data as of April 29, 2026Create an account to view replication metrics
1 year cumulative return difference | |
|---|---|
| Best | Join for free |
| Worst | Join for free |
| daily return difference | |
|---|---|
| Average | Join for free |
| Worst | Join for free |
What type of ETF is TBT?
TBT is a Passive ETF that provides exposure to Fixed Income assets. It is managed by ProShares.
What index does TBT track?
TBT tracks the ICE U.S. Treasury 20+ Year Total Return Index - USD, aiming to replicate its performance through unfunded swap.
What does TBT invest in?
This ETF provides inverse exposure (-2x) to US Investment Grade Government Bonds. It is part of the segment: Inverse Fixed Income.
What is the expense ratio of TBT?
The total expense ratio (TER) of TBT is 0.93%, representing the annual fee charged by the fund manager.
When was TBT launched?
TBT was launched on April 29, 2008, marking its entry into the ETF market.
Who is the issuer of TBT?
TBT is issued by ProShares.
What is the AUM of TBT?
As of April 27, 2026, TBT manages $277.19 M, reflecting the total assets held in the fund.
How has TBT performed recently?
As of April 27, 2026, TBT delivered a return of -1.72% over the past month (1M performance), 2.73% over the past three months (3M), and 2.33% year-to-date (YTD).
What are the recent fund flows for TBT?
As of April 27, 2026, TBT has seen net flows of +$13M in the past month (1M flow) and +$16M year-to-date (YTD).
Does TBT pay dividends?
As of April 27, 2026, TBT has a trailing 12-month distribution yield of 2.94%.
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