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Beacon

UBTProShares Ultra 20+ Year Treasury

Take a bet16y track recordRanked #185 of 949 in this goal

Seeks daily investment results that correspond to 2x the daily performance of the ICE U.S. Treasury 20+ Year Bond Index.

By ProShares · Launched 2010

Annual Cost

0.95%

#4,876 of 5,854 · expensive

Fund Size

$61M

#3,433 of 5,854 · mid-size

Return (1Y)Goal

-7.1%

Track Record

16 years

#730 of 5,854 · established

Performance

Total-return NAV · USD
Growth of $10,000
$8,066-19.3%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Leveraged

Index tracked

ICE US Treasury 20+ Year Bond Index

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

ProShares GENIUS Money Market ETF
74.7%
Repurchase Agreement
4.7%
Repurchase Agreement
2.3%
Repurchase Agreement
2.3%
N/A
1.4%
Repurchase Agreement
1.4%
Repurchase Agreement
1.4%
Repurchase Agreement
1.2%
N/A
1.1%
N/A
1.0%

Asset allocation

Cash
102.1%
Other
3.4%
Bonds
0.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
18.5%Moderate

Year-on-year price swings

Max drawdown
-78.9%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.47Below average
Sortino (3Y)
-0.64Moderate downside risk

Bond profile

Credit ratings

US Government
97.6%

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results that correspond to 2x the daily performance of the ICE U.S. Treasury 20+ Year Bond Index.
Strategy
Invests in U.S. dollar denominated sovereign debt issued by the U.S. government, aiming for 2x daily returns via derivatives like swaps and futures. The Fund rebalances daily to maintain leveraged exposure to the Index.
Inception date
January 19, 2010
Fund family
ProShares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04