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UBT vs TBT

ProShares Ultra 20+ Year Treasury vs ProShares UltraShort 20+ Year Treasury

UBT

ProShares Ultra 20+ Year Treasury

Annual cost

0.95%

Fund size

$64M

TBT

ProShares UltraShort 20+ Year Treasury

Annual cost

0.93%

Fund size

$333M

Key differences

Both UBT and TBT are fixed income ETFs. UBT charges 0.95% a year and TBT 0.93%. The main difference: UBT follows a leveraged strategy; TBT uses inverse.

  • UBT follows a leveraged strategy; TBT uses inverse.
  • TBT is much larger than UBT. Larger funds are usually more liquid and less likely to close.
  • Over the last three years, TBT has delivered higher annualized returns.

Side-by-side comparison

UBTTBT
Annual cost (TER)0.95%0.93%
Fund size (AUM)$64M$333M
Since20102008
Dividend yield3.98%2.90%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyleveragedinverse
CAGR 1Y-0.4%+2.5%
CAGR 3Y-11.4%+12.0%
CAGR 5Y-17.9%+15.4%
Sharpe 3Y-0.440.42
Volatility 1Y19.17%19.58%
Max drawdown-78.90%-65.09%

Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.

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