Inverse or short fund (-1x, by its name). The stated multiple applies to one day. It resets daily, so returns over longer periods can differ a lot from the multiple, and the figures below describe the past only.
This fund is also covered on our sister site ETFWinner.com, which has screener, overlap and comparison tools for ETFs.
Issuer and category are assigned by StocksXray rules from the fund name. Expense ratio and net assets come from SEC filings; where a fund does not file them (for example grantor trusts) the field stays empty.
Returns and risk
1 month
−0.1%
3 months
+1.9%
6 months
+6.3%
Year to date
+7.1%
1 year
+13.0%
3 years a year
+2.0%
5 years a year
+12.0%
10 years a year
+3.4%
Volatility (1 year)
9.6%
Largest drop, last year
−5.7%
Largest drop in our data
−70.4%
Total return includes distributions, from end-of-day prices adjusted for splits and distributions, to 22 Oct 2026. Periods of 3 years and longer are annualised and shown only when the fund's history is long enough. Volatility is the standard deviation of daily returns over the last year, annualised. Past performance does not guarantee future results.
Cost: expense ratio
We could not match an expense ratio for TBF in the SEC prospectus data we read. Funds structured as trusts or notes, and very new funds, are often missing. We show nothing rather than a guess; the issuer's fact sheet has the figure.
Cash paid per current share (restated for share splits), before tax, from EODHD.
TBF top holdings
#
Holding
Weight
1
ProShares GENIUS Money Market ETF
49.00%
2
Repurchase Agreement
19.98%
3
Repurchase Agreement
12.57%
4
Repurchase Agreement
9.43%
5
Repurchase Agreement
6.91%
6
N/A
0.51%
7
N/A
0.14%
8
N/A
0.09%
9
N/A
0.06%
10
N/A
0.02%
The top 10 make up 98.7% of the fund, out of 12 holdings.
Positions as of 31 May 2026, from the fund's Form N-PORT filed with the SEC. Public N-PORT holdings are quarter-end positions published about 60 days later, so they can be months old and the fund may have changed since.
Funds of the same category, nearest in trading size. Similar does not mean equivalent: check holdings and costs.
TBF: frequently asked questions
What is TBF?
TBF is the ProShares Short 20+ Year Treasury ETF, issued by ProShares, listed on NYSE ARCA. By our rules it is classed as "Inverse". Its latest SEC filing lists 12 holdings.
Does TBF pay dividends?
Yes. TBF paid 0.59 per share over the last 12 months, quarterly, a trailing yield of 2.31% on today's price. The latest ex-dividend date was 23 Sep 2026.
What does TBF hold?
The largest holdings in the latest SEC filing are ProShares GENIUS Money Market ETF (49.0%), Repurchase Agreement (20.0%), Repurchase Agreement (12.6%). The top 10 together make up 98.7% of the fund.
How has TBF performed?
Total return including distributions to 22 Oct 2026: 1 year +13.0%, 3 years +2.0% a year, 5 years +12.0% a year. Past performance does not guarantee future results.
Is TBF leveraged?
By its name TBF aims for -1x the daily return of its target. The multiple resets every day, so returns over weeks or months can differ a lot from the stated multiple, and losses can compound. Funds like this are designed for short holding periods.
Where the numbers come from
Prices and distributions end-of-day data from EODHD; returns are our own calculations from it.
Expense ratio and holdings SEC filings (prospectus risk/return data and Form N-PORT).
Category, issuer and leverage assigned by StocksXray rules from the fund name.
X-Ray look-through our scores applied to the SEC holdings.
StocksXray is for education only and is not financial advice or a recommendation to buy or sell anything. Past performance does not guarantee future results; funds can lose value.
