---
ticker: "TBT"
name: "ProShares - UltraShort 20+ Year Treasury"
url: "https://etf.net/etf/TBT"
grade: "B"
score: 69
graded_at: "2026-10-12"
category: "Inverse Treasury"
category_rank: "1 of 7"
methodology: "https://etf.net/methodology"
---

# TBT: ProShares - UltraShort 20+ Year Treasury

Grade **B**, Score 69 of 100. Rank 1 of 7 in Inverse Treasury.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 89 | 1 of 7 |
| Mission | Not scored | — |
| Risk | 49 | 5 of 7 |
| Tradability | 62 | 3 of 7 |
| Holdings | 59 | 3 of 7 |
| Durability | 65 | 1 of 7 |

## Top holdings

The fund holds 3 positions. These are the largest 3, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | IQMM | Proshares Genius Mny Mkt Etf | 66.72% |
| 2 | — | Net Other Assets (Liabilities) | 26.10% |
| 3 | — | TREASURY BILL, 0%, due 2026-12-29 | 7.18% |

Source: etf.net, https://etf.net/etf/TBT. Please cite the page URL.