ProShares - Short 7-10 Year Treasury
$29.59+0.34 (+1.17%)
- Expense ratio
- 1.46%
- Fund size
- $24M
- 1Y return
- +7.8%
- Yield · Last 12 months
- 2.78%
- Holdings
- 7
- Volume · 30D
- 0M sh
- NAV per share
- $29.53
- 52W range
The ETF.net TBX Grade
Score 44 of 100 sits in the C 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 12Category 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 77Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 66Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 63Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 50Category rank
Our read on TBX
CMost bear Treasury ETFs swing at the 20+ year long end. TBX aims at the 7-10 year belly instead, at a straight -1x daily, with no leverage multiplier stacked on top.
TBX seeks daily pre-fee, pre-expense returns equal to the inverse (-1x) of the daily performance of the ICE U.S. Treasury 7-10 Year Bond Index. It uses financial instruments to pursue that daily target.
Why people hold it
- Single-dose short: it targets the inverse of the ICE U.S. Treasury 7-10 Year Bond Index for a single day, without amplifying the move.proshares.com
- Aimed at the belly of the curve. The better-known bear Treasury funds (TBT, TBF, TMV, TTT) all sit on 20+ year bonds, a very different rate sensitivity.
- The unleveraged way to short that index: PST and TYO run off the same 7-10 Year benchmark, TBX is the -1x version.
- Open since 2011 as a registered 1940 Act fund, so holders get a 1099 rather than a partnership K-1.proshares.com
Worth knowing
- The target resets daily. Held through a choppy stretch, the result can drift from -1x the index's move over that full period.
- At 1.46% a year, it costs more than the typical daily-inverse Treasury fund, including long-end siblings TBT and TBF.
- One of the smaller and thinner-trading names in the bear Treasury group, which can show up as wider spreads getting in and out.
TBX Holdings
- Bonds
- 7
- 100%
- Net Other Assets (Liabilities)
Sectors
- Financials100.0%
Geography
- United States100.00%
TBX 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 | TBX |
|---|---|
| Year to date | +7.0% |
| 1 month | +2.0% |
| 3 months | +3.6% |
| 1 year | +7.8% |
| 3 years | +3.7% |
| 5 years | +7.4% |
| 10 years | +2.5% |
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 | TBX |
|---|---|---|
| 2026 YTD | +7.0% | |
| 2025 | −1.2% | |
| 2024 | +8.5% | |
| 2023 | +4.0% | |
| 2022 | +18.3% | |
| 2021 | +1.7% | |
| 2020 | −10.0% |
TBX in the news
ETF.net Research hasn’t filed on TBX yet — coverage lands here as it’s written.
TBX Dividends
- 2.78%
- $0.82
- $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 | $0.13 |
| Dec 24, 2025 | Dec 31, 2025 | $0.30 |
| Sep 24, 2025 | Sep 30, 2025 | $0.24 |
| Jun 25, 2025 | Jul 1, 2025 | $0.19 |
| Mar 26, 2025 | Apr 1, 2025 | $0.22 |
| Dec 23, 2024 | Dec 31, 2024 | $1.02 |
| Sep 25, 2024 | Oct 2, 2024 | $0.32 |
| Jun 26, 2024 | Jul 3, 2024 | $0.36 |
| Mar 20, 2024 | Mar 27, 2024 | $0.21 |
| Dec 20, 2023 | Dec 28, 2023 | $0.73 |
| Sep 20, 2023 | Sep 27, 2023 | $0.12 |
TBX 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.
- 6.5%
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.
- −0.05
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.
- −7.7%
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.
- −1.17
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TBX Cost
- The middle half of Inverse Treasury funds
- Median 1.13%
Every other Inverse Treasury fund charges less.