ProShares UltraShort 7-10 Year Treasury
DThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$25.12−0.11 (−0.42%)
- 1.40%
- $11M
- +18.3%
- 2.38%
- 0M sh
- $25.23
- low $21.39high $25.57
The ETF.net PST Grade
D
Score 37 out of 100
- 6 of 7
Score 37 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F24 out of 100Rank 6 of 7Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B63 out of 100Rank 2 of 7Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D34 out of 100Rank 6 of 7Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C46 out of 100Rank 5 of 7Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C41 out of 100Rank 6 of 7
Our read on PST
DMost inverse Treasury funds swing at the 20+ year long bond. PST aims at the belly instead: two times the inverse of the daily move in the ICE U.S. Treasury 7-10 Year Bond Index, reset every single day since 2008.
The Fund seeks daily investment results, before fees and expenses, corresponding to approximately two times the inverse of the daily performance of the ICE U.S. Treasury 7-10 Year Bond Index. It does not seek this -2x target for periods other than a day.
Why people hold it
- Points at the intermediate curve rather than the long end. Its reference is the ICE U.S. Treasury 7-10 Year Bond Index, while most inverse Treasury peers key off 20+ year bonds.
- Two times, not three. A milder dose than 3x bear funds like TMV, and less rate sensitivity than the 20+ year shorts TBT and TBF.
- The leverage lives inside the fund. You buy shares in an ordinary brokerage account instead of running a futures position or a short bond trade yourself.
- Launched in 2008 and still trading, so it has been through a full round trip of rate cuts and rate hikes.
Worth knowing
- The daily reset is the whole story. Hold past one day and the result depends on the path rates take, and can differ from -2x the index's move over that stretch.
- At 1.40% a year, the fee sits above the typical charge in its inverse-Treasury peer group, and it is taken whether rates move or not.
- Small and lightly traded next to the headline long-bond inverse funds, which can mean wider bid-ask spreads on the way in and out.
PST Holdings
- Bonds
- 2
- 100%
- IQMM
Sectors
- Financials100.0%
Geography
- United States100.00%
PST Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
PST$11,828
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PST |
|---|---|
| Year to date | +15.9% |
| 1 month | +3.6% |
| 3 months | +9.7% |
| 1 year | +18.3% |
| 3 years | +3.4% |
| 5 years | +11.8% |
| 10 years | +3.6% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PST |
|---|---|---|
| 2026 YTD | +15.9% | |
| 2025 | −4.4% | |
| 2024 | +12.2% | |
| 2023 | +3.2% | |
| 2022 | +38.6% | |
| 2021 | +4.0% | |
| 2020 | −18.7% |
PST in the news
PST Dividends
- 2.38%
- $0.60
- $0.15 per share
- Quarterly
Distribution history
PST Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 13.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.04
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −16.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −2.34
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PST Cost
1.40%
PST1.40%
- The middle half of Inverse Treasury funds
- Median 1.13%
5 of the 7 Inverse Treasury funds charge less.
Other funds in Inverse Treasury
- BTBFProShares - Short 20+ Year TreasuryExpense ratio 1.00%1 year return +16.6%
- BTMVDirexion Daily 20+ Year Treasury Bear 3X ETFExpense ratio 0.97%1 year return +50.8%
- CTTTProShares UltraPro Short 20+ Year TreasuryExpense ratio 1.13%1 year return +47.0%
- CTBXProShares - Short 7-10 Year TreasuryExpense ratio 1.46%1 year return +8.0%
- DTYODirexion Daily 7-10 Year Treasury Bear 3X ETFExpense ratio 1.15%1 year return +30.2%