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ETFs

ProShares Trust UltraShort Lehman 20+ Year Treasury

TBT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 29 2008
Expense Ratio
0.89%
Type
US Bonds
Fund Owner
ProShares
Volume (1m avg. daily)
$100,765,121
AUM
$549,552,918
Associated Index
ICE U.S. Treasury 20+ Year Bond Index
Inverse/Leveraged
Inverse (-2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Derivatives offset
200.65%
n/a
Net Other Assets (Liabilities)
46.97%
n/a
TREASURY BILL
13.29%
n/a
TREASURY BILL
9.09%
n/a
TREASURY BILL
9.08%
n/a
TREASURY BILL
4.52%
n/a
TREASURY BILL
4.52%
n/a
TREASURY BILL
4.47%
n/a
UNITED STATES OF AMERICA BILL ZERO CPN 14/MAR/2024 USD 100
4.43%
n/a
TREASURY BILL
3.62%
Invest with TBT

What is TBT?

ProShares UltraShort 20+ Year Treasury seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. The ICE U.S. Treasury 20+ Year Bond Index includes publicly- issued U.S. Treasury securities that have a remaining maturity greater than twenty years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. In addition, the securities in the Underlying Index must be fixed-rate and denominated in U.S. dollars. Excluded from the Underlying Index are inflation-linked securities, Treasury bills, cash management bills, any government agency debt issued with or without a government guarantee and zero-coupon issues that have been stripped from coupon-paying bonds. The Underlying Index is weighted by market capitalization, and the securities in the Underlying Index are updated on the last business day of each month.

ETFs related toTBT

ETFs correlated to TBT include TMV, TBF, TTT

TBT
Invesco Capital Management LLC - PowerShares UltraShort Lehman 20+ Year Treasury ProShares 2x Shares
TMV
Direxion Shares ETF Trust - Direxion Daily 20+ Year Treasury Bear -3X Shares
TBF
ProShares Trust - ProShares Short 20+ Year Treasury -1x Shares
TTT
ProShares Trust - ProShares UltraPro Short 20+ Year Treasury -3x Shares
PST
Invesco Capital Management LLC - PowerShares UltraShort Lehman 7-10 + Year Treasury ProShares -2X Sh
TBX
ProShares Trust - ProShares Short 7-10 Year Treasury -1x Shares
PFIX
Simplify Exchange Traded Funds - Simplify Interest Rate Hedge ETF
DBMF
Manager Directed Portfolios - iMGP DBi Managed Futures Strategy ETF
KMLM
KraneShares Trust - KFA Mount Lucas Managed Futures Index Strategy ETF
SJB
ProShares Trust - ProShares Short High Yield -1x Shares
GLL
ProShares Trust - ProShares UltraShort Gold -2x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toTBT

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with TBT using Composer

FAQ

TBT is a US Bonds ETF. ProShares UltraShort 20+ Year Treasury seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. The ICE U.S. Treasury 20+ Year Bond Index includes publicly- issued U.S. Treasury securities that have a remaining maturity greater than twenty years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. In addition, the securities in the Underlying Index must be fixed-rate and denominated in U.S. dollars. Excluded from the Underlying Index are inflation-linked securities, Treasury bills, cash management bills, any government agency debt issued with or without a government guarantee and zero-coupon issues that have been stripped from coupon-paying bonds. The Underlying Index is weighted by market capitalization, and the securities in the Underlying Index are updated on the last business day of each month.

TBT tracks the ICE U.S. Treasury 20+ Year Bond Index.

No, TBT is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, TBT is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TBT is 0.1321%. This is the percent change in the value of TBT over the most recent 1-month period. The 3-month return on TBT is 0.339%. This is the percent change in the value of TBT over the most recent 3-month period.

The standard deviation of TBT for the past year is 0.3732%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TBT include BBLB, UJB, and UST.

ETFs correlated to TBT include TMV, TBF, and TTT.

ETFs that are inversely correlated to TBT include TLT, TMF, and SPTL.

Yes, TBT is a Inverse (-2x) ETF: This means that TBT will try to match the performance of ICE U.S. Treasury 20+ Year Bond Index, but with 2x the returns.

Yes, TBT is a Inverse (-2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of ICE U.S. Treasury 20+ Year Bond Index, but move 2x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.