TBT Performance — ProShares UltraShort 20+ Year Treasury
Data updated: 2026-08-14
TBT returned +3.52% year to date and −0.63% over one year to May 2026. Annualised returns are +10.91% over 3 years and +14.96% over 5 years. The fund trailed its Trading - Leveraged category average: $100 invested three years ago grew to $136, against $173 for the category, and to $99 over one year, against $137. Volatility over the past three years was 27.49% a year. In the 12 months to May 2026 the fund took in a net $35.6M, and assets reached $332.94M.
TBT Growth of $100
What $100 invested in ProShares UltraShort 20+ Year Treasury grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Leveraged category average over the same months.
| Period | TBT | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $99 | $137 |
| 3 years (Jun 2023 – May 2026) | $136 | $173 |
| 5 years (Jun 2021 – May 2026) | $201 | $155 |
| Since data start (Sep 2019 – May 2026) | $179 | $181 |
TBT Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +3.52% |
| 1 year | −0.63% |
| 3 years (annualised) | +10.91% |
| 5 years (annualised) | +14.96% |
TBT Annual Returns
Calendar-year total returns of ProShares UltraShort 20+ Year Treasury, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +3.52% |
| 2025 | −1.76% |
| 2024 | +26.71% |
| 2023 | −2.55% |
| 2022 | +94.02% |
| 2021 | +3.16% |
| 2020 | −37.76% |
| 2019 (Sep–Dec) | +14.40% |
TBT Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.1% | −8.0% | +9.2% | +2.4% | −0.5% | — | — | — | — | — | — | — |
| 2025 | 0.0% | −10.0% | +3.2% | +2.9% | +7.2% | −4.5% | +2.8% | +0.8% | −6.3% | −2.0% | +0.1% | +5.6% |
| 2024 | +5.5% | +5.1% | −0.9% | +15.0% | −4.8% | −3.0% | −6.2% | −3.9% | −2.8% | +12.6% | −3.5% | +14.0% |
| 2023 | −14.0% | +11.0% | −9.2% | −0.3% | +6.5% | +0.4% | +5.8% | +6.9% | +18.6% | +11.5% | −17.1% | −15.0% |
| 2022 | +7.3% | +2.6% | +10.2% | +21.0% | +3.5% | +1.8% | −5.4% | +9.2% | +17.5% | +13.4% | −13.5% | +5.2% |
| 2021 | +8.0% | +14.4% | +7.6% | −5.1% | −0.8% | −8.3% | −7.7% | 0.0% | +5.5% | −5.1% | −6.4% | +3.7% |
| 2020 | −12.9% | −12.6% | −19.7% | −3.4% | +3.4% | −1.2% | −8.5% | +9.2% | −1.5% | +6.1% | −3.2% | +2.1% |
| 2019 | — | — | — | — | — | — | — | — | +5.2% | +1.9% | +0.9% | +5.8% |
TBT Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 27.49%
- 3-year Sharpe ratio: 0.23 (vs 4.5% risk-free rate)
- Best month: +18.64% (Sep 2023)
- Worst month: −17.11% (Nov 2023)
TBT Fund Flows
Monthly money in and out of ProShares UltraShort 20+ Year Treasury, from SEC Form N-PORT.
- 12-month net flow: $35.6M
- 12-month gross sales (incl. reinvestments): $253.4M
- Sales ÷ redemptions: 1.16×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $45.8M | $5.4M | $40.4M |
| Apr 2026 | $35.3M | $6.6M | $28.6M |
| Mar 2026 | $29.8M | $13.7M | $16.1M |
| Feb 2026 | $2.7M | $32.5M | −$29.8M |
| Jan 2026 | $19.9M | $6.2M | $13.7M |
| Dec 2025 | $20.7M | $6.5M | $14.1M |
| Nov 2025 | $8.6M | $35.1M | −$26.5M |
| Oct 2025 | $19.3M | $37.5M | −$18.2M |
| Sep 2025 | $33.1M | $42.5M | −$9.4M |
| Aug 2025 | $14.0M | $9.0M | $5.0M |
| Jul 2025 | $19.1M | $2.9M | $16.2M |
| Jun 2025 | $5.2M | $19.9M | −$14.8M |
TBT Assets Under Management
Net assets of ProShares UltraShort 20+ Year Treasury by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $332.94M |
| 2026-02-28 | $223.77M |
| 2025-11-30 | $232.53M |
| 2025-08-31 | $313.29M |
| 2025-05-31 | $312.57M |
| 2025-02-28 | $302.76M |
| 2024-11-30 | $291.31M |
| 2024-08-31 | $270.86M |
| 2024-05-31 | $355.36M |
| 2024-02-29 | $324.24M |
| 2023-11-30 | $422.64M |
| 2023-08-31 | $495.60M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.