UBT Performance — ProShares Ultra 20+ Year Treasury
Data updated: 2026-08-14
UBT returned −2.99% year to date and +2.18% over one year to May 2026. Annualised returns are −10.62% over 3 years and −17.65% over 5 years. The fund trailed its Trading - Leveraged category average: $100 invested three years ago grew to $71, against $173 for the category, and to $102 over one year, against $137. Volatility over the past three years was 27.42% a year. In the 12 months to May 2026 the fund lost a net $70.7M, and assets reached $63.95M.
UBT Growth of $100
What $100 invested in ProShares Ultra 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 | UBT | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $102 | $137 |
| 3 years (Jun 2023 – May 2026) | $71 | $173 |
| 5 years (Jun 2021 – May 2026) | $38 | $155 |
| Since data start (Sep 2019 – May 2026) | $33 | $181 |
UBT Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −2.99% |
| 1 year | +2.18% |
| 3 years (annualised) | −10.62% |
| 5 years (annualised) | −17.65% |
UBT Annual Returns
Calendar-year total returns of ProShares Ultra 20+ Year Treasury, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | −2.99% |
| 2025 | +2.18% |
| 2024 | −21.12% |
| 2023 | −3.64% |
| 2022 | −55.99% |
| 2021 | −11.68% |
| 2020 | +30.96% |
| 2019 (Sep–Dec) | −14.36% |
UBT 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 | −1.0% | +8.8% | −8.6% | −2.1% | +0.6% | — | — | — | — | — | — | — |
| 2025 | +0.1% | +10.9% | −3.0% | −3.5% | −6.6% | +4.8% | −2.6% | −0.5% | +6.8% | +2.3% | +0.1% | −5.1% |
| 2024 | −5.1% | −5.2% | +1.2% | −13.1% | +5.3% | +2.9% | +6.7% | +3.8% | +3.2% | −11.1% | +3.1% | −12.2% |
| 2023 | +15.3% | −10.2% | +8.8% | +0.2% | −6.6% | −0.3% | −5.4% | −7.0% | −16.0% | −11.5% | +19.6% | +17.1% |
| 2022 | −7.8% | −3.5% | −11.1% | −18.3% | −4.9% | −3.3% | +4.8% | −9.4% | −16.3% | −12.8% | +14.2% | −6.3% |
| 2021 | −8.1% | −13.2% | −7.8% | +4.7% | +0.4% | +8.1% | +7.3% | −0.7% | −6.0% | +4.5% | +5.5% | −4.3% |
| 2020 | +14.2% | +13.9% | +11.1% | +1.9% | −4.4% | 0.0% | +8.8% | −9.1% | +0.8% | −6.3% | +2.2% | −2.7% |
| 2019 | — | — | — | — | — | — | — | — | −5.6% | −2.2% | −1.3% | −6.1% |
UBT Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 27.42%
- 3-year Sharpe ratio: -0.55 (vs 4.5% risk-free rate)
- Best month: +19.61% (Nov 2023)
- Worst month: −15.95% (Sep 2023)
UBT Fund Flows
Monthly money in and out of ProShares Ultra 20+ Year Treasury, from SEC Form N-PORT.
- 12-month net flow: −$70.7M
- 12-month gross sales (incl. reinvestments): $100.4M
- Sales ÷ redemptions: 0.59×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $0 | $2.8M | −$2.8M |
| Apr 2026 | $0 | $4.1M | −$4.1M |
| Mar 2026 | $15.7M | $16.8M | −$1.1M |
| Feb 2026 | $0 | $11.7M | −$11.7M |
| Jan 2026 | $0 | $3.8M | −$3.8M |
| Dec 2025 | $0 | $1.7M | −$1.7M |
| Nov 2025 | $0 | $8.8M | −$8.8M |
| Oct 2025 | $7.5M | $1.3M | $6.2M |
| Sep 2025 | $0 | $32.8M | −$32.8M |
| Aug 2025 | $27.6M | $3.0M | $24.6M |
| Jul 2025 | $48.9M | $47.5M | $1.4M |
| Jun 2025 | $826K | $37.0M | −$36.2M |
UBT Assets Under Management
Net assets of ProShares Ultra 20+ Year Treasury by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $63.95M |
| 2026-02-28 | $80.37M |
| 2025-11-30 | $97.11M |
| 2025-08-31 | $124.68M |
| 2025-05-31 | $134.91M |
| 2025-02-28 | $114.15M |
| 2024-11-30 | $137.65M |
| 2024-08-31 | $124.81M |
| 2024-05-31 | $91.72M |
| 2024-02-29 | $82.14M |
| 2023-11-30 | $80.67M |
| 2023-08-31 | $61.98M |
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.