ProShares UltraShort 7-10 Year Treasury
$24.89+0.57 (+2.35%)
- Expense ratio
- 1.40%
- Fund size
- $11M
- 1Y return
- +12.8%
- Yield · Last 12 months
- 2.69%
- Holdings
- 8
- Volume · 30D
- 0M sh
- NAV per share
- $24.65
- 52W range
The ETF.net PST Grade
Score 38 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 24Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 71Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 29Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 47Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 41Category rank
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
- 8
- 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.
Returns run to the Sep 22, 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 | +11.7% |
| 1 month | +3.6% |
| 3 months | +6.4% |
| 1 year | +12.8% |
| 3 years | +3.6% |
| 5 years | +11.8% |
| 10 years | +3.4% |
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 | +11.7% | |
| 2025 | −4.4% | |
| 2024 | +12.2% | |
| 2023 | +3.2% | |
| 2022 | +38.6% | |
| 2021 | +4.0% | |
| 2020 | −18.7% |
PST in the news
ETF.net Research hasn’t filed on PST yet — coverage lands here as it’s written.
PST Dividends
- 2.69%
- $0.66
- $0.14 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 24, 2026 | Jun 30, 2026 | $0.14 |
| Mar 25, 2026 | Mar 31, 2026 | $0.11 |
| Dec 24, 2025 | Dec 31, 2025 | $0.20 |
| Sep 24, 2025 | Sep 30, 2025 | $0.21 |
| Jun 25, 2025 | Jul 1, 2025 | $0.19 |
| Mar 26, 2025 | Apr 1, 2025 | $0.17 |
| Dec 23, 2024 | Dec 31, 2024 | $0.24 |
| Sep 25, 2024 | Oct 2, 2024 | $0.22 |
| Jun 26, 2024 | Jul 3, 2024 | $0.24 |
| Mar 20, 2024 | Mar 27, 2024 | $0.16 |
| Dec 20, 2023 | Dec 28, 2023 | $0.29 |
| Sep 20, 2023 | Sep 27, 2023 | $0.21 |
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.
- 13.2%
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.
- 0.03
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
- The middle half of Inverse Treasury funds
- Median 1.13%
5 of the 7 Inverse Treasury funds charge less.