ProShares Ultra 7-10 Year Treasury
The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index includes publicly-issued U.S. Treasury securities that have a remaining maturity of greater than or equal to seven years and less than or equal to ten years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. The fund is non-diversified.
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 3Y SHOWN · NET +$7M OVER THIS RANGE
Money is leaving — −$1M walked out over the past month, about 8.4% of the fund's asset base, while the price has returned -5.7% so far this year. At 0.95% a year it is not the cheapest way in — LQD runs the same ground at 0.14%.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
| 1 week | -0.3% |
| 1 month | +0.0% |
| 3 months | -1.8% |
| 6 months | -7.9% |
| YTD | -5.7% |
| 1 year | -5.8% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
| 1 week | +$820K |
| 1 month | −$1M |
| 3 months | −$460K |
| YTD | −$2M |
| 1 year | −$5M |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Due diligence cuts both ways. These funds sit on the same shelf and beat UST on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| GOVT iShares U.S. Treasury Bond ETF | 0.05% | $43.8B | +$304M | -90bp on fee · 3008× the assets · +$304M in over the month | Head-to-head |
| SGOV iShares 0-3 Month Treasury Bond ETF | 0.07% | $103.2B | +$4.7B | -88bp on fee · 7081× the assets · +$4.7B in over the month | Head-to-head |
| IBTH iShares iBonds Dec 2027 Term Treasury ETF | 0.07% | $2.3B | +$91M | -88bp on fee · 161× the assets · +$91M in over the month | Head-to-head |
| IBTI iShares iBonds Dec 2028 Term Treasury ETF | 0.07% | $2B | +$107M | -88bp on fee · 136× the assets · +$107M in over the month | Head-to-head |
| IBTJ iShares iBonds Dec 2029 Term Treasury ETF | 0.07% | $1.4B | +$45M | -88bp on fee · 94× the assets · +$45M in over the month | Head-to-head |