ProShares Ultra 20+ Year Treasury

Price: $20.03
Change: $0.22 (-0.01%)
Category: Leveraged Bonds
Last Updated:


Brand ProShares
Structure ETF
Expense Ratio 0.95%
ETF Home Page Home page
Inception Jan 19, 2010

Analyst Report

This ETF offers 2x long leveraged exposure to the broad-based Barclays Capital U.S. 20+ Year Treasury Index, making it a powerful tool for investors with a bullish short-term outlook for U.S. long-term treasuries. An investment in leveraged debt can be a very risky one, as there are numerous factors that can converge to drastically change the returns of these products. Investing in leveraged bond ETFs requires a careful understand of the specific economy, in this case the US, and what kind of policies and regulations are currently in place and are set to be enforced in the future. UBT can be a powerful tool for sophisticated investors, but should be avoided by those with a low risk tolerance or a buy-and-hold strategy. For those who feel educated enough on the specific economy and its inner workings, this ETF can be a great addition to an investment portfolio.

ETF Database Themes

Category Leveraged Bonds
Leveraged 2x
Asset Class Bond
Region (General) North America
Region (Specific) U.S.
Bond Type(s) Treasuries
Bond Duration Long-Term

FactSet Classifications

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

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $15.46
  • 52 Week Hi $24.82
  • AUM $104.4 M
  • Shares 5.2 M

Historical Trading Data

  • 1 Month Avg. Volume 92,923
  • 3 Month Avg. Volume 90,495

Alternative ETFs in the ETF Database Leveraged Bonds Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SBND 0.25% $53.1 M 3,158 1.55%
Largest (AUM) TMF 1.04% $5.5 B 6 M -17.95%
Most Liquid (Volume) TMF 1.04% $5.5 B 6 M -17.95%
Top YTD Performer UJB 0.96% $13.2 M 14,555 2.10%

Alternative ETFs in the FactSet Leveraged Fixed Income: U.S. - Government, Treasury Investment Grade Long-Term Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest TMF 1.04% $5.5 B 6 M -17.95%
Largest (AUM) TMF 1.04% $5.5 B 6 M -17.95%
Most Liquid (Volume) TMF 1.04% $5.5 B 6 M -17.95%
Top YTD Performer TMF 1.04% $5.5 B 6 M -17.95%

Top 15 Holdings

Concentration Analysis

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

Holdings Comparison

UBT ETF Database Category Average FactSet Segment Average
Number of Holdings 2 1 2
% of Assets in Top 10 100.00% 83.33% 100.00%
% of Assets in Top 15 100.00% 83.33% 100.00%
% of Assets in Top 50 100.00% 83.33% 100.00%

Size Comparison

UBT 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

UBT 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

UBT Dividend

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

UBT ETF Database Category Average FactSet Segment Average
Dividend $ 0.15 $ 0.24 $ 0.24
Dividend Date 2024-03-20 N/A N/A
Annual Dividend Rate $ 0.81 $ 1.17 $ 1.09
Annual Dividend Yield 3.98% 3.32% 3.26%

UBT Price and Volume Charts

View charts featuring UBT price and volume data.

UBT Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 2.39 M 1 Month Net Flows: 1.12 M 3 Month Net Flows: 16.62 M 6 Month Net Flows: 23.39 M 1 Year Net Flows: 52.95 M 3 Year Net Flows: 100.53 M 5 Year Net Flows: 153.96 M 10 Year Net Flows: 141.27 M

UBT 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: 10.15 M
1 Month Net AUM Change: 6.29 M
3 Month Net AUM Change: 21.09 M
6 Month Net AUM Change: 14.77 M
1 Year Net AUM Change: 48.75 M
3 Year Net AUM Change: 72.24 M
5 Year Net AUM Change: 77.34 M
10 Year Net AUM Change: 73.32 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for UBT 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 Leveraged 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 B+ UST
Expenses B+ UST

A+ Overall Rated ETF:

UBT 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

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

UBT Performance

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

UBT ETF Database
Category Average
Factset Segment
1 Month Return 5.59% 3.42% 6.65%
3 Month Return 2.60% 1.41% 2.02%
YTD Return -10.18% -6.20% -14.07%
1 Year Return -18.87% -7.16% -22.99%
3 Year Return -26.58% -16.87% -33.14%
5 Year Return -14.20% -8.79% -19.30%

Geographic Exposure

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

Holdings Analysis

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

UBT Technicals

Volatility Analysis

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

5 Day Volatility 216.99%
20 Day Volatility 31.20%
50 Day Volatility 28.13%
200 Day Volatility 27.87%
Beta 0.1
Standard Deviation 2.00%
5 Day Volatility
2 of 6

20 Day Volatility
2 of 6

50 Day Volatility
2 of 6

200 Day Volatility
2 of 6

5 of 6

Standard Deviation
3 of 6


  • 20 Day MA $19.23
  • 60 Day MA $18.79
  • MACD 15 Period 0.59
  • MACD 100 Period 0.72
  • Williams % Range 10 Day 20.71
  • Williams % Range 20 Day 13.62
  • RSI 10 Day 60
  • RSI 20 Day 58
  • RSI 30 Day 55
  • Ultimate Oscillator 66

Bollinger Bands

  • Lower Bollinger (10 Day) $18.64
  • Upper Bollinger (10 Day) $20.60
  • Lower Bollinger (20 Day) $17.90
  • Upper Bollinger (20 Day) $20.50
  • Lower Bollinger (30 Day) $17.89
  • Upper Bollinger (30 Day) $20.24

Support & Resistance

  • Support Level 1 $19.84
  • Support Level 2 $19.65
  • Resistance Level 1 $20.13
  • Resistance Level 2 $20.23


  • Stochastic Oscillator %D (1 Day) 85.85
  • Stochastic Oscillator %D (5 Day) 72.08
  • Stochastic Oscillator %K (1 Day) 74.82
  • Stochastic Oscillator %K (5 Day) 72.00


  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) 0.06
  • Maximum Premium Discount (%) 4.12
  • Average Spread (%) 5.48
  • Average Spread ($) 5.48

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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