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ETFs

ProShares Ultra 20+ Year Treasury

UBT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 19 2010
Expense Ratio
0.95%
Type
US Bonds
Fund Owner
ProShares
Volume (1m avg. daily)
$1,124,952
AUM
$57,404,640
Associated Index
ICE U.S. Treasury 20+ Year Bond Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Net Other Assets (Liabilities)
100.00%
n/a
Derivatives offset
-200.68%
Invest with UBT

What is UBT?

ProShares Ultra 20+ Year Treasury seeks daily investment results, before fees and expenses, that correspond to two times (2x) 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 toUBT

ETFs correlated to UBT include TMF, TLT, SPTL

UBT
ProShares Trust - ProShares Ultra 20+ Year Treasury 2x Shares
TMF
Direxion Shares ETF Trust - Direxion Daily 20+ Year Treasury Bull 3X Shares
TLT
BlackRock Institutional Trust Company N.A. - iShares 20+ Year Treasury Bond ETF
SPTL
SSgA Active Trust - SPDR Portfolio Long Term Treasury ETF
SCHQ
Schwab Strategic Trust - Schwab US Long-Term U.S. Treasury ETF
VGLT
Vanguard Group, Inc. - Vanguard Long-Term Treasury ETF
EDV
Vanguard Group, Inc. - Vanguard Extended Duration Treasury ETF
ZROZ
Pimco Exchange Traded Fund - PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund
TLH
BlackRock Institutional Trust Company N.A. - iShares 10-20 Year Treasury Bond ETF
GOVI
Invesco Capital Management LLC - Invesco Equal Weight 0-30 Year Treasury ETF
BLV
Vanguard Group, Inc. - Vanguard Long-Term Bond ETF

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 toUBT

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with UBT using Composer

FAQ

UBT is a US Bonds ETF. ProShares Ultra 20+ Year Treasury seeks daily investment results, before fees and expenses, that correspond to two times (2x) 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.

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

No, UBT 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, UBT 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 UBT is -0.1192%. This is the percent change in the value of UBT over the most recent 1-month period. The 3-month return on UBT is -0.2557%. This is the percent change in the value of UBT over the most recent 3-month period.

The standard deviation of UBT for the past year is 0.3726%. 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 UBT include BBLB, UJB, and UST.

ETFs correlated to UBT include TMF, TLT, and SPTL.

ETFs that are inversely correlated to UBT include TTT, TMV, and TBT.

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

Yes, UBT is a Leveraged (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

*

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.