ProShares - Ultra 7-10 Year Treasury
CThis 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.
$38.23+0.14 (+0.37%)
- 1.18%
- $15M
- −11.7%
- 3.67%
- 0M sh
- $38.08
- low $37.51high $45.43
The ETF.net UST Grade
C
Score 48 out of 100
- 24 of 99
Score 48 of 100 falls in the C 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.D32 out of 100Rank 66 of 99Mission
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 28 of 96Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B63 out of 100Rank 29 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D38 out of 100Rank 17 of 23Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B65 out of 100Rank 27 of 99
Our read on UST
CMost leveraged ETFs bet on stocks. UST bets on duration: twice the daily move of a 7-10 year Treasury index, in a plain brokerage-account wrapper. It has been running since 2010.
UST seeks daily investment results before fees and expenses that correspond to twice the daily performance of the ICE U.S. Treasury 7-10 Year Bond Index.
Why people hold it
- Rare pure rate exposure on the leveraged shelf, which is dominated by stock-index products: 2x the daily move of the ICE U.S. Treasury 7-10 Year Bond Index.proshares.com
- The leverage lives inside the fund, so a duration view needs no margin account and no futures paperwork, just one ticker.proshares.com
- Launched January 2010, so it has traded through a full sweep of rate regimes, from near-zero yields to a hiking cycle.
- Run by ProShares, one of the largest sponsors of leveraged and inverse ETFs, with a deep bench of daily-reset funds.
Worth knowing
- Leverage resets daily. Hold it for weeks and compounding takes over; results can differ a lot from 2x the index move over that stretch.
- At 1.18% a year it costs more than the typical leveraged fund, and it is a small, lightly traded product, so spreads and limit orders matter.
- Direxion's TYD targets the same index at 3x daily. UST is the milder dose, which also means less movement per dollar committed.
UST Holdings
- Bonds
- 2
- 100%
- IQMM
Sectors
- Financials100.0%
Geography
- United States100.00%
UST Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
UST$8,831
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 | UST |
|---|---|
| Year to date | −11.0% |
| 1 month | −3.2% |
| 3 months | −7.8% |
| 1 year | −11.7% |
| 3 years | +1.4% |
| 5 years | −8.4% |
| 10 years | −2.9% |
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 | UST |
|---|---|---|
| 2026 YTD | −11.0% | |
| 2025 | +10.3% | |
| 2024 | −6.2% | |
| 2023 | +0.1% | |
| 2022 | −30.2% | |
| 2021 | −7.8% | |
| 2020 | +18.8% |
UST in the news
UST Dividends
- 3.67%
- $1.40
- $0.31 per share
- Quarterly
Distribution history
UST 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.
- −0.23
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.
- −42.3%
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.
- 2.32
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
UST Cost
1.18%
UST1.18%
- The middle half of Leveraged Long (2x & Other) funds
- Median 1.00%
65 of the 95 Leveraged Long (2x & Other) funds charge less.
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