ProSharesLeveraged#57 of 232 by YTD

ProShares - Short 20+ Year TreasuryTBF

1D 1M 3M YTD 1Y 3Y 5Y MAX

S&P 500 Compare

$25.350.0%

$0.00 · Nov 6 close

Buy

AUM: $114M
Fee: 1.00%
Yield: 2.3%

Bumpy · 1Y: 0.7×S&P
Volume: 284K
NAV: $25.38

What's insideAll 10 →

IQMM 79.8%

52-week range7% below the high

$23.24$27.21

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	0.0%	−5.0%	0.0%	+6.7%	+9.3%	+8.3%	+80.6%	−38.8%
Peer average	−1.8%	+13.0%	+6.3%	−15.8%	−20.2%	−55.4%	−37.9%	—
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

TBF in One Breath

TBF Among An Index ETFs

YTD

#1ZSLProShares+571.3%$60.7M

#2YANGDirexion+18.9%$82.1M

#3TYODirexion+16.3%$10.0M

#4TMVDirexion+16.0%$185M

#5EUOProShares+15.7%$39.3M

#6FXPProShares+14.5%$5.3M

#7TTTProShares+13.2%$15.2M

#8TBTProShares+10.6%$270M

#12TBFProShares+6.7%$114M

End-of-day Nov 8, 2026 · 106 An index ETFs by YTD

$10,000 in TBF

$10,000 in TBF became

$18,056

In the S&P 500 (VOO)

$17,177

Total return, dividends in · Oct 29, 2021 – Nov 6, 2026 · S&P 500 uses VOO

TBF’s Top Holdings

Today

IQMMProshares Genius Mny Mkt Etf79.8%10 more

IQMMProshares Genius Mny Mkt Etf79.8%Other

Financial Services

ProShares TBF · 11 holdings · tile size = share of the fund · as of Nov 6, 2026

What TBF Holds

Today

Financial Services79.8%

IQMM 79.8

Other holdings20.2%

[…]

ProShares TBF · share of the fund by sector · as of Nov 6, 2026

Proshares’ Share of TBF

Today

79.8%

$798 of every $1,000 in TBF is Proshares

Proshares held by TBF

$91.2M

Most Proshares per dollar

IQQQ16.2%

ISPY13.7%

CSM3.2%

ProShares TBF · each square = $10 of $1,000 · as of Nov 6, 2026

TBF’s Share of An Index ETFs

Today

0.1%

of the $120B in 404 An index ETFs

TBF$114M0.1%

TQQQ$29.1B24.1%

SOXL$13.6B11.3%

401 others$77.7B64.5%

An index ETF AUM · Nov 8, 2026

TBF Fee per $100 vs Peers

Today

$1.00a year
per $100

$100 a year on $10,000

SH$0.88

SQQQ$0.94

SCO$0.95

PSQ$0.96

TBF$1.00

SOXS$1.00

Expense ratio · An index peers · Nov 8, 2026

Inside TBF

11 holdings · as of Nov 6, 2026

TBF

ProShares - Short 20+ Year Treasury

Today

Financial Services79.8%IQMMProshares Genius MNY MKT ETF79.8%Other20.2%

#	Ticker	Company		Weight ▼
1	IQMM	Proshares Genius MNY MKT ETF		79.82%

See all 10 holdings ↓

Financial ServicesOther

ProShares TBF · current holdings by weight · as of Nov 6, 2026 · each tile is one holding

All TBF Holdings

10 holdings · as of Nov 6, 2026

TBF

TBF’s Holdings

Today

#
1	IQMMProshares Genius MNY MKT ETF	Financial Services	79.82%	$7,982.32	910K	$91.1M
2	—TREASURY BILL, 0%, due 2026-12-29	—	17.42%	$1,742.22	20.0M	$19.9M
3	—Net Other Assets (Liabilities)	—	2.75%	$275.46	3.1M	$3.1M
4	—ICE 20+ Year U.s. Treasury Index Swap Bank OF America NA	swap	0.00%	$0.00	-174K	$0
5	—ICE 20+ Year U.s. Treasury Index Swap Goldman Sachs International	swap	0.00%	$0.00	-278K	$0
6	—ICE 20+ Year U.S. Treasury Index SWAP Barclays Capital	swap	0.00%	$0.00	-98K	$0
7	—ICE 20+ Year U.s. Treasury Index Swap Morgan Stanley & International	swap	0.00%	$0.00	-292K	$0
8	—US Long Bond(cbt) Bond 21/dec/2026 Usz6 Comdty	—	0.00%	$0.00	-9	$0
9	—ICE 20+ Year U.s. Treasury Index Swap Societe Generale	swap	0.00%	$0.00	-61K	$0
10	—ICE 20+ Year U.s. Treasury Index Swap Citibank NA	swap	0.00%	$0.00	-306K	$0

ProShares TBF · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 6, 2026

How It Compares

TBF

ProShares - Short 20+ Year Treasury’s Peers

YTD


SOXS	DirexionRead Desk	1.00%	−88.3%	−88.8%	$5.5B
SQQQ	ProSharesRead Desk	0.94%	−27.7%	−25.0%	$2.1B
SH	ProSharesRead Desk	0.88%	−4.1%	−4.2%	$979M
SCO	ProSharesRead Desk	0.95%	−76.1%	−74.5%	$875M
PSQ	ProSharesRead Desk	0.96%	−5.2%	−3.3%	$688M
TBF	ProSharesThis fundRead Desk	1.00%	+6.7%	+9.3%	$114M

An index peers · YTD and past-year returns · as of Nov 9, 2026 · sorted by AUM

Head to Head

Put TBF head to head with SOXS →

SOXS vs TBF

YTD

SOXSDirexion · An indexTBFProShares · An index

Year to date

−88.3%

+6.7%

TBF wins+95.0 pts

Past year

−88.8%

+9.3%

TBF wins+98.1 pts

Fee

1.00%

Level

Yield

16.7%

2.3%

SOXS wins+14.4 pts

AUM

$5.5B

$114M

SOXS48.3× more

2–1TBF wins

Direxion SOXS and ProShares TBF · year-to-date · as of Nov 9, 2026 · AUM not scored

TBF vs VOO

YTD

TBF · ProShares - Short 20+ Year Treasury

+6.7%

VOO · S&P 500

+8.7%

Gap

2.0 pts

ProShares TBF and Vanguard VOO · YTD total return · as of Nov 9, 2026

TBF vs Its Peer Average

YTD

TBFAvsBPeer average

1D0.0%−1.8%

1M−5.0%+13.0%

3M0.0%+6.3%

YTD+6.7%−15.8%

1Y+9.3%−20.2%

3Y+8.3%−55.4%

5Y+80.6%−37.9%

5–2TBF wins

123 An index peers · each row scaled to its leader

How Bumpy Is TBF?

View

TBF

How Bumpy

0.7×the S&P 500’s swings

CalmerBumpierS&P 1×TBF

S&P 500 swings · 1Y13.6%

ProShares TBF · daily swings over the past year vs the S&P 500

TBF

Worst Drop

−6.0%from its Oct 5 high

Still below the high−6.0%

$10,000 at the high is now$9,400

ProShares TBF · fall from the highest close, past year

TBF

On a Bad Day

−0.3×rose, on average, when the S&P 500 fell

TBF’s worst day: Thursday, Oct 22

TBF

−2.0%

S&P 500

−1.2%

Up days48 of every 100

S&P 500 up days52 of every 100

ProShares TBF · average move on days the S&P 500 fell

TBF

Return for the Bumps

1Y#1 of 7 index funds

#1TBFProShares · −1×

most for the bumps

#2PSQProShares · −1×

lost money

#3SQQQProShares · −3×

lost money

#4SHProShares · −1×

lost money

#5SPXUProShares · −3×

lost money

#6SOXSDirexion · −3×

lost money

#7SCOProShares · −2×

lost money

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

TBF

Cost

Today

$100a year per $10,000

$88

SPXU

$90

SQQQ

$94

SCO

$95

PSQ

$96

SOXS

$100

TBF

$100

Expense ratio 1.00%, taken from the fund’s value

TBF

Volatility & Beta

9.6%annual volatility

S&P 500 volatility13.6%

Downside volatility6.5%

Beta vs SPY−0.18

Correlation vs SPY−0.25

Beta rank, lowest first, of 7#6

Daily total returns × √252 · past 254 trading days

TBF

Max Drawdown

−6.0%peak to trough

Peak closeOct 5, 2026

Current drawdown−6.0%

Worst day−1.96% · Oct 22

Closing prices, dividends in

TBF

Up / Down Capture

−31%down capture vs SPY

Down days

−31%

Up days

−16%

S&P 500

100%

Up ÷ down capture[…]

Up days48.0% (S&P 52.0%)

Average daily move on SPY up days and down days

TBF

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
TBF −1×	0.65	0.96	9.6%	−6.0%	−0.18	$100
PSQ −1×	−0.27	−0.40	21.2%	−26.0%	−1.45	$96
SQQQ −3×	−0.41	−0.60	63.5%	−63.3%	−4.35	$94
SH −1×	−0.53	−0.78	13.5%	−17.5%	−0.99	$88
SPXU −3×	−0.57	−0.84	40.5%	−46.3%	−2.98	$90
SOXS −3×	−0.63	−0.92	147.8%	−96.7%	−8.09	$100
SCO −2×	−1.24	−1.67	62.7%	−81.4%	1.52	$95

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

TBF

Trading

Today

−0.12%below its holdings’ value

Close$25.35

NAV$25.38

Fee per $10,000$100 a year

Avg. volume 30D319K shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 6

The Details

TBF

Fund Facts

Today

2009launched Aug 18

Tracks[…]

Exchange · CUSIPAMEX · 74347X849

StructureETF

Leverage-1x

Cost on $10,000$100 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

ProShares TBF · fund facts · as of Nov 9, 2026

TBF

Payouts by Year

$0.13per share, Sep 2026

Distribution yield2.3%

PaidEvery quarter

Latest ex-date · paidSep 23 · Sep 29, 2026

12 payouts added up$2.58 a share

ProShares TBF · distributions by ex-date · 2018–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-08-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-05-31 ↗SEC reported portfolio · 2026-02-28 ↗SEC reported portfolio · 2025-11-30 ↗SEC reported portfolio · 2025-08-31 ↗

Trading & Liquidity

Net asset value$25.38

Premium / discount[…]

Median spread · 30D[…]

Volume today284K

Average volume · 30D319K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio1.00%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$100.00

Our risk indicator5/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Sep 23, 2026	Sep 29, 2026	$0.13
Jun 24, 2026	Jun 30, 2026	$0.15
Mar 25, 2026	Mar 31, 2026	$0.0931
Dec 24, 2025	Dec 31, 2025	$0.22
Sep 24, 2025	Sep 30, 2025	$0.22
Jun 25, 2025	Jul 1, 2025	$0.17
Mar 26, 2025	Apr 1, 2025	$0.21
Dec 23, 2024	Dec 31, 2024	$0.26
Sep 25, 2024	Oct 2, 2024	$0.25
Jun 26, 2024	Jul 3, 2024	$0.31
Mar 20, 2024	Mar 27, 2024	$0.17
Dec 20, 2023	Dec 28, 2023	$0.40

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