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ProShares Short 20+ Year Treasury ETF

TBF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 18 2009
Expense Ratio
0.92%
Type
US Bonds
Fund Owner
ProShares
Volume (1m avg. daily)
$44,905,947
AUM
$269,477,460
Associated Index
ICE U.S. Treasury 20+ Year Bond Index
Inverse/Leveraged
Inverse (-1)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

n/a
Derivatives offset
102.10%
B 0 05/18/23
TREASURY BILL
36.85%
n/a
Net Other Assets (Liabilities)
26.09%
B 0 03/30/23
TREASURY BILL
18.54%
B 0 04/06/23
TREASURY BILL
18.52%
Invest with TBF

What is TBF?

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. 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 toTBF

ETFs correlated to TBF include TBT, TTT, TMV

TBF
ProShares Trust - ProShares Short 20+ Year Treasury -1x Shares
TBT
Invesco Capital Management LLC - PowerShares UltraShort Lehman 20+ Year Treasury ProShares 2x Shares
TTT
ProShares Trust - ProShares UltraPro Short 20+ Year Treasury -3x Shares
TMV
Direxion Shares ETF Trust - Direxion Daily 20+ Year Treasury Bear -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
TYO
Direxion Shares ETF Trust - Direxion Daily 7-10 Year Treasury Bear -3X 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
RISR
Tidal ETF Trust - FolioBeyond Rising Rates 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 toTBF

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

Create your own algorithmic trading strategy with TBF using Composer

FAQ

TBF is a US Bonds 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. 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.

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

No, TBF 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, TBF 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 TBF is -0.0257%. This is the percent change in the value of TBF over the most recent 1-month period. The 3-month return on TBF is 0.0256%. This is the percent change in the value of TBF over the most recent 3-month period.

The standard deviation of TBF for the past year is 0.2064%. 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 TBF include SH, PSQ, and SPXL.

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

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

Yes, TBF is a Inverse (-1) ETF: This means that TBF will try to match the performance of ICE U.S. Treasury 20+ Year Bond Index, but with 1x the returns.

Yes, TBF is a Inverse (-1) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of ICE U.S. Treasury 20+ Year Bond Index, but move 1x 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.