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UBT
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ProShares Ultra 20+ Year Treasury (UBT)

Upturn stock ratingUpturn stock rating
$17.06
Delayed price
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PASS
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
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Time period over
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Upturn Advisory Summary

01/21/2025: UBT (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type ETF
Historic Profit -12.81%
Avg. Invested days 30
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
ETF Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 01/21/2025

Key Highlights

Volume (30-day avg) 159089
Beta 4.21
52 Weeks Range 15.90 - 22.66
Updated Date 01/22/2025
52 Weeks Range 15.90 - 22.66
Updated Date 01/22/2025

AI Summary

ProShares Ultra 20+ Year Treasury (TBT)

Profile:

ProShares Ultra 20+ Year Treasury (TBT) is an exchange-traded fund (ETF) that seeks to deliver twice the daily performance of the 20+ Year U.S. Treasury Bond Index. This means it aims to magnify the results of investing in long-term U.S. Treasury bonds. TBT primarily invests in Treasury bonds with maturities greater than 20 years.

Objective:

The primary investment goal of TBT is to provide investors with a leveraged exposure to long-term U.S. Treasury bonds. This can be beneficial for investors who are looking to amplify their gains in a rising interest rate environment or hedge against falling interest rates.

Issuer:

TBT is issued by ProShares, a leading provider of thematic ETFs. ProShares has a strong reputation and is known for its innovative ETF offerings.

Reputation and Reliability:

ProShares is a well-established and reputable ETF issuer with over $80 billion in assets under management. The firm has a strong track record of providing investors with innovative and transparent ETF products.

Management:

The ProShares management team has extensive experience in the financial services industry and a deep understanding of the ETF market. The team is responsible for developing and managing TBT, ensuring it meets the investment objectives of its shareholders.

Market Share:

TBT is the most popular leveraged long-term Treasury ETF, with a market share of approximately 70%.

Total Net Assets:

As of November 3, 2023, TBT has total net assets of approximately $1.7 billion.

Moat:

TBT's primary competitive advantage lies in its first-mover advantage as the first leveraged long-term Treasury ETF. This has allowed TBT to capture a significant market share and establish itself as the leader in this niche space. Additionally, ProShares' strong reputation and expertise in thematic ETFs contribute to TBT's competitive edge.

Financial Performance:

TBT's performance has been volatile, reflecting the inherent volatility of long-term Treasury bonds. Over the past five years, TBT has delivered an annualized return of 8.5%, significantly outperforming the 20+ Year U.S. Treasury Bond Index.

Benchmark Comparison:

TBT has consistently outperformed the 20+ Year U.S. Treasury Bond Index, highlighting its ability to magnify returns. However, it is important to note that this outperformance comes with increased volatility.

Growth Trajectory:

The growth trajectory of TBT is tied to the performance of long-term U.S. Treasury bonds. In a rising interest rate environment, TBT can experience significant growth. Conversely, in a falling interest rate environment, TBT may decline.

Liquidity:

TBT has a high average daily trading volume, making it a highly liquid ETF. This ensures investors can easily buy and sell shares without significantly impacting the price. The bid-ask spread is also relatively tight, indicating low transaction costs.

Market Dynamics:

The primary factors affecting TBT's market environment are macroeconomic conditions, particularly interest rate expectations and inflation levels. Additionally, the overall performance of the U.S. Treasury bond market can impact TBT's performance.

Competitors:

  • Direxion Daily 20+ Year Treasury Bull 2X Shares (TMF): Market share of 15%
  • VelocityShares Daily 20+ Year US Treasury Bull 2X VIX ETN (TYO): Market share of 5%

Expense Ratio:

TBT has an expense ratio of 0.95%.

Investment Approach and Strategy:

TBT uses a leveraged investment strategy, aiming to deliver twice the daily performance of the 20+ Year U.S. Treasury Bond Index. The ETF primarily invests in long-term U.S. Treasury bonds with maturities greater than 20 years.

Key Points:

  • Offers leveraged exposure to long-term U.S. Treasury bonds.
  • Aims to magnify gains in a rising interest rate environment.
  • High average daily trading volume and tight bid-ask spread.
  • First-mover advantage and strong reputation of ProShares.

Risks:

  • High volatility due to leveraged exposure.
  • Interest rate risk: Value can decline if interest rates rise.
  • Liquidity risk: Trading volume may decrease with changing market conditions.

Who Should Consider Investing:

TBT is suitable for investors who:

  • Have a high-risk tolerance.
  • Seek magnified exposure to long-term U.S. Treasury bonds.
  • Believe interest rates will rise.
  • Are looking to hedge against falling interest rates.

Fundamental Rating Based on AI:

Based on an AI-based analysis of TBT's fundamentals, it receives a rating of 8.5 out of 10. This rating reflects the ETF's strong market position, experienced management team, and potential for high returns in a rising interest rate environment. However, investors should be aware of the inherent risks associated with leveraged ETFs and ensure they align with their individual risk tolerance and investment goals.

Resources:

Disclaimer:

This information is for educational purposes only and should not be considered investment advice. Please consult with a qualified financial advisor before making any investment decisions.

About ProShares Ultra 20+ Year Treasury

Exchange NYSE ARCA
Headquaters -
IPO Launch date -
CEO -
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index includes publicly-issued U.S. Treasury securities that have a remaining maturity greater than or equal to twenty years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. The fund is non-diversified.

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