ProShares Short 7-10 Year Treasury

Price: $29.97
Change: $0.06 (0.0%)
Category: Inverse Bonds
Last Updated:


Brand ProShares
Structure ETF
Expense Ratio 0.95%
ETF Home Page Home page
Inception Apr 04, 2011

Analyst Report

This inverse ETF offers short exposure to a specific corner of the Treasury market, giving investors with a bearish outlook on government bonds a tool to fine tune their portfolios. Given this focus, TBX probably doesn’t make very much sense for any investor building a long-term portfolio; this fund is more useful for those looking to establish a relatively short term position against Treasuries. The daily reset feature of TBX is an important attribute that may have a significant impact on the risk/return profile of this fund. This ETF is designed to offer -100% exposure over a single holding period only; if held for longer or shorter than that time frame, the effective leverage delivered may differ, depending on volatility in markets. That doesn’t mean that TBX can’t be held for multiple sessions, but simply that investors considering a position should understand the nuances of compounding returns and be willing / able to monitor and potentially rebalance this position. Those seeking to short longer-dated Treasuries may prefer TYBS, while SAGG offers a tool for shorting the broader investment grade bond market (including Treasuries and corporate debt). For those looking to dial up inverse exposure to this slice of the Treasury market, PST can deliver amplified daily returns.

ETF Database Themes

Category Inverse Bonds
Inverse Yes
Leveraged -1x
Asset Class Bond
Region (General) North America
Region (Specific) U.S.
Bond Type(s) Treasuries
Bond Duration Intermediate-Term

FactSet Classifications

Segment Inverse Fixed Income: U.S. - Government, Treasury Investment Grade Intermediate
Category Government, Treasury
Focus Investment Grade
Niche Intermediate
Strategy Vanilla
Weighting Scheme Market Value

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $27.05
  • 52 Week Hi $30.52
  • AUM $20.9 M
  • Shares 0.7 M

Historical Trading Data

  • 1 Month Avg. Volume 28,318
  • 3 Month Avg. Volume 26,006

Alternative ETFs in the ETF Database Inverse Bonds Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest TBT 0.90% $338.9 M 712,903 18.95%
Largest (AUM) TBT 0.90% $338.9 M 712,903 18.95%
Most Liquid (Volume) TMV 1.01% $249.0 M 2 M 27.61%
Top YTD Performer TMV 1.01% $249.0 M 2 M 27.61%

Alternative ETFs in the FactSet Inverse Fixed Income: U.S. - Government, Treasury Investment Grade Intermediate Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest PST 0.95% $18.1 M 37,005 9.93%
Largest (AUM) PST 0.95% $18.1 M 37,005 9.93%
Most Liquid (Volume) PST 0.95% $18.1 M 37,005 9.93%
Top YTD Performer TYO 1.09% $16.1 M 22,070 14.37%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

TBX ETF Database Category Average FactSet Segment Average
Number of Holdings 2 2 1
% of Assets in Top 10 100.00% 100.00% 100.00%
% of Assets in Top 15 100.00% 100.00% 100.00%
% of Assets in Top 50 100.00% 100.00% 100.00%

Size Comparison

TBX ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

TBX Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

TBX Dividend

This section compares the dividend yield of this ETF to its peers.

TBX ETF Database Category Average FactSet Segment Average
Dividend $ 0.21 $ 1.07 $ 0.22
Dividend Date 2024-03-20 N/A N/A
Annual Dividend Rate $ 1.28 $ 1.83 $ 0.92
Annual Dividend Yield 4.28% 4.79% 4.00%

TBX Price and Volume Charts

View charts featuring TBX price and volume data.

TBX Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 4.51 M 3 Month Net Flows: 3.07 M 6 Month Net Flows: -7.68 M 1 Year Net Flows: -8.02 M 3 Year Net Flows: -89.86 M 5 Year Net Flows: -18.69 M 10 Year Net Flows: -59.76 M

TBX Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: -101.43 K
1 Month Net AUM Change: 4.35 M
3 Month Net AUM Change: 2.44 M
6 Month Net AUM Change: -6.59 M
1 Year Net AUM Change: -9.31 M
3 Year Net AUM Change: -73.77 M
5 Year Net AUM Change: -4.72 M
10 Year Net AUM Change: -53.35 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for TBX on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Inverse Bonds with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- TBT
Expenses C TBT

A+ Overall Rated ETF:

TBX Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

Expense Ratio
ETF Database Category Average
Expense Ratio
FactSet Segment Average
Expense Ratio

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
ESG Themes and Scores

TBX does not have an ESG score. There are no ESG themes that map to this ETF.

TBX Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

TBX ETF Database
Category Average
Factset Segment
1 Month Return -0.96% -3.39% -2.26%
3 Month Return 2.07% 3.21% 3.01%
YTD Return 5.45% 14.14% 9.92%
1 Year Return 10.14% 15.97% 15.81%
3 Year Return 8.08% 15.61% 13.79%
5 Year Return 2.85% 1.99% 3.91%

Geographic Exposure

The following charts reflect the geographic spread of TBX's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of TBX's underlying holdings.

TBX Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 42.09%
20 Day Volatility 5.57%
50 Day Volatility 6.75%
200 Day Volatility 7.07%
Beta -0.06
Standard Deviation 0.88%
5 Day Volatility
8 of 8

20 Day Volatility
7 of 8

50 Day Volatility
7 of 8

200 Day Volatility
7 of 8

2 of 8

Standard Deviation
7 of 8


  • 20 Day MA $30.10
  • 60 Day MA $29.73
  • MACD 15 Period -0.06
  • MACD 100 Period 0.60
  • Williams % Range 10 Day 28.17
  • Williams % Range 20 Day 68.86
  • RSI 10 Day 48
  • RSI 20 Day 52
  • RSI 30 Day 53
  • Ultimate Oscillator 51

Bollinger Bands

  • Lower Bollinger (10 Day) $29.76
  • Upper Bollinger (10 Day) $30.12
  • Lower Bollinger (20 Day) $29.69
  • Upper Bollinger (20 Day) $30.52
  • Lower Bollinger (30 Day) $29.72
  • Upper Bollinger (30 Day) $30.52

Support & Resistance

  • Support Level 1 $29.95
  • Support Level 2 $29.92
  • Resistance Level 1 $29.99
  • Resistance Level 2 $30.00


  • Stochastic Oscillator %D (1 Day) 73.76
  • Stochastic Oscillator %D (5 Day) 55.87
  • Stochastic Oscillator %K (1 Day) 65.17
  • Stochastic Oscillator %K (5 Day) 44.36


  • Tracking Difference Median (%) 11.16
  • Tracking Difference Max Upside (%) 21.92
  • Tracking Difference Max Downside (%) -1.04
  • Median Premium Discount (%) n/a
  • Maximum Premium Discount (%) 0.36
  • Average Spread (%) 1.29
  • Average Spread ($) 1.29

Financial Advisor Report

ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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