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UPW vs TBT

ProShares Ultra Utilities vs ProShares UltraShort 20+ Year Treasury

UPW

ProShares Ultra Utilities

Annual cost

0.95%

Fund size

$19M

TBT

ProShares UltraShort 20+ Year Treasury

Annual cost

0.93%

Fund size

$333M

Key differences

UPW is an equity ETF, while TBT is a fixed income ETF. UPW charges 0.95% a year and TBT 0.93%.

  • UPW is an equity fund, while TBT is a fixed income fund. They carry different risk/return profiles.
  • UPW follows a leveraged strategy; TBT uses inverse.
  • TBT is much larger than UPW. Larger funds are usually more liquid and less likely to close.
  • Over the last three years, UPW has delivered higher annualized returns.

Side-by-side comparison

UPWTBT
Annual cost (TER)0.95%0.93%
Fund size (AUM)$19M$333M
Since20072008
Dividend yield1.51%2.90%
Asset classequityfixed income
Regionnorth americanorth america
Strategyleveragedinverse
CAGR 1Y+13.4%+2.5%
CAGR 3Y+18.0%+12.0%
CAGR 5Y+9.7%+15.4%
Sharpe 3Y0.560.42
Volatility 1Y29.20%19.58%
Max drawdown-62.67%-65.09%

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

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