TBFProShares Short 20+ Year Treasury
Seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index.
By ProShares · Launched 2009
Annual Cost
0.95%
#5,033 of 6,040 · expensive
Fund Size
$116M
#2,946 of 6,040 · mid-size
Return (1Y)
+11.2%
Track Record
17 years
#688 of 6,040 · established
Performance
Total-return NAV · USDGrowth of $10,000
$11,328+13.3%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaStrategy
Inverse
Index tracked
ICE US Treasury 20+ Year Bond Index
Holdings
By weightConcentration
synthetic exposure — holdings shown are derivatives collateral, not the fund's positions
ProShares GENIUS Money Market ETF
81.1%
Repurchase Agreement
4.1%
Repurchase Agreement
2.0%
Repurchase Agreement
2.0%
Repurchase Agreement
1.2%
Repurchase Agreement
1.2%
Repurchase Agreement
1.0%
Repurchase Agreement
0.8%
Repurchase Agreement
0.8%
Repurchase Agreement
0.4%
Asset allocation
Cash
172.8%
Bonds
7.3%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
9.1%Low
Year-on-year price swings
Max drawdown
-38.4%Severe
Worst peak-to-trough loss
Sharpe (3Y)
0.24Below average
Sortino (3Y)
0.34Moderate downside risk
Bond profile
Credit ratings
US Government
7.9%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index.
- Strategy
- Invests in derivatives to gain inverse exposure to U.S. dollar denominated sovereign debt publicly issued by the U.S. government, specifically targeting fixed rate securities with maturities greater than 20 years. Aims for daily investment results consistent with the inverse of the Index's performance.
- Inception date
- August 18, 2009
- Fund family
- ProShares
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Data updated on 2026-09-18