What is the expense ratio for TBF?

TBF (ProShares Short 20+ Year Treasury) has an annual expense ratio of 0.95%, issued by ProShares. This means for every $10,000 invested, you pay $95 per year in fund fees.

Is TBF a good ETF to buy?

ProShares Short 20+ Year Treasury suits investors seeking exposure to Bonds & Fixed Income. View the full analysis including performance score, tracking quality, diversification, and macro regime fit on Fisclear.

TBF — ProShares Short 20+ Year Treasury | Fisclear

Today

+0.57%

3 Month

+4.42%

YTD

+3.08%

1 Year

+1.93%

Price Chart

251 trading days · Use "Compare" tab to overlay other ETFs + regimes

Price History

Compare — add ETFs, toggle regime overlay

Base 100 = start of period

TBF

Technical Analysis

Technical Signals

Daily closes · 1-year data

ETF Structural Score

ETF Score evaluates fund wrapper quality, historical performance, and macro regime fit. Not financial advice.

Key Statistics

AUM

—

Expense Ratio

0.95%

Trailing Yield

—

Equity

—

Fixed Income

—

Issuer

ProShares

vs S&P 500 (SPY) — 1 Year

Beta

-0.14

TBF moves 114% less than the S&P 500. Lower market sensitivity — more defensive.

Correlation to SPY

-0.18

Low correlation — moves more independently. Adding this alongside SPY reduces portfolio volatility.

Annualised Volatility

9.5%

Standard deviation of daily returns annualised. S&P 500 long-run avg ≈ 15%. At 10%, TBF is more stable than the broad market — typical of bond/defensive ETFs.

Relative Performance — TBF vs SPY (base 100)

Base: 100 (day 1)

TBF: 101.9

SPY: 124.7

Alpha: -22.75 (underperformed)

About TBF

−1× inverse long-term Treasuries. Profits when TLT falls (rates rise).

Macro Regime Alignment

Historical analysis of which macro regimes have favoured TBF. Based on the regime's characteristic interest rate environment, growth conditions, and sector rotation patterns.

Rate Hike Cycle

Fed Funds ↑↑ · Tightening

The Fed is raising rates aggressively. Duration gets crushed. Leveraged assets and growth stocks suffer most. Short-term bonds and cash finally earn yield.

Inflationary Boom

Growth ↑ · Inflation ↑

Active now

The economy is growing but prices are running hot. Real assets and commodities shine. Growth stocks suffer as discount rates rise. The Fed is typically tightening.

Stagflation

Growth ↓ · Inflation ↑

The most damaging regime: slowing growth while prices keep rising. The Fed faces a cruel dilemma. Gold and short bonds are the few safe havens.

Disclaimer: All data sourced from Yahoo Finance and is for informational purposes only. Holdings, sector weights, and AUM update daily but may lag official fund disclosures. Performance figures are price-based and do not include dividends. Regime alignment reflects historical observations and does not guarantee future returns. Nothing on this page constitutes investment advice. Always consult a qualified financial adviser before making investment decisions.