ProShares Short 20+ Year Treasury ETF
TBF NYSE Arca
ProShares Short 20+ Year Treasury seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. This short ProShares ETF seeks a return that is -1x the return of its underlying benchmark (target)...
Hover to inspectDrag to measure a move← → to step through days
- Fund size
- 191M as of Feb 2020
- Expense ratio
- 0.92% per year
- Dividend yield
- 1.28% Quarterly
- Volatility · 1Y
- 9.4% High Risk
- Beta
- -0.09 vs the market
- 52-week range
- 22.7226.98
How TBF has paid off
Price return over every period, and total return with dividends reinvested, set against price alone.
Return by period
Price · to Oct 12Total return vs price return
Price onlyOver 1 year, TBF returned +16.9% with dividends reinvested — dividends added +1.5 pts to the price move.
How bumpy is the ride?
Return only means something next to the risk taken to earn it. Volatility, drawdowns and market sensitivity over 1 year.
Volatility
Annualized · 1YA typical year sees the price swing about ±9% around its trend.
Drawdown from peak
How far below its previous high the price has been Deepest fall −5.6% on Jun 29, 2026 — 41 days after the previous high
More than 5% below a high 2% of the time.
Market sensitivity
BetaA beta of -0.09 means TBF has moved less than the market.
Trend & momentum
Where the price sits against its moving averages, and how stretched the recent move is.
Price vs moving averages
Uptrend- 12-day average26.60 +0.1%
- 26-day average26.25 +1.5%
- 50-day average25.83 +3.1%
- 200-day average24.79 +7.4%
The price is above 4 of 4 averages. The 50-day average is above the 200-day, a sign of a rising longer-term trend.
Relative strength (RSI)
OverboughtRSI compares recent gains with recent losses on a 0–100 scale. Above 70 a move is often considered stretched, below 30 washed out.
Technical indicators describe past prices. They are not a forecast.
Inside the fund
Treasuries · Inverse — tracking the ICE U.S. Treasury 20+ Year Bond Index.
- Assets under management191MUSD
- Expense ratio0.92%per year
- Holdings73
- Risk score5.2Medium
Launched August 2009. Listed options available. Fund data as of Feb 27, 2020.
What it pays you
Cash distributions over the last twelve months, and how they have grown.
About 13 USD a year for every 1,000 USD invested at today's price.
- Per share
- 0.34
- Frequency
- Quarterly
- Last paid
- Sep 23, 2026
Last 12 months
0.34 USD / shareWhere TBF shows up
Curated themes and indices that hold TBF. Open one to see it in context, or test the whole theme in a portfolio.
About ProShares Short 20+ Year Treasury ETF
ProShares Short 20+ Year Treasury seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. This short ProShares ETF seeks a return that is -1x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next.
- Featured in 3 curated themes
- 73 holdings
- Ticker
- TBF
- Exchange
- NYSE Arca
- ISIN
- US74347X8496
- CUSIP
- 74347X849
- Currency
- U.S. Dollar (USD)
- Country
- USA
- Sector
- Treasuries
- Industry
- Inverse
- Benchmark
- ICE U.S. Treasury 20+ Year Bond Index
All key statistics
Details
Shareas of Oct 12, 2026
Dataas of Feb 27, 2020
Put TBF to the test
See how it would change the return and the risk of a portfolio, with virtual money, before a single real dollar moves.
Data for information only, not investment advice. Past performance does not guarantee future results.