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PST vs TTT

ProShares UltraShort 7-10 Year Treasury

PSTCNYSE Arca

ProShares UltraPro Short 20+ Year Treasury

TTTCNYSE Arca

Overlap

No data

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

PST0.95%TTT0.95%

Avg volume · 30D

TTT 1.5×the volume

PST6.43KTTT9.44K

10Y return · a year

PST +2.7pt

PST+3.1%TTT+0.4%

PST vs TTT Performance

Oct 29, 2021 – Oct 30, 2026

+66.9%PST+221.2%TTT

Oct 29, 2021 to Oct 30, 2026. PST +66.9%. TTT +221.2%. Use the arrow keys to read each point.0%100%150%Oct 2021Apr 2024Oct 2026
Expense ratio
PST 0.95%
TTT 0.95%
Fund size
PST $11M
TTT $19M
1Y total return
PST +12.3%
TTT +26.1%, better
Yield (12M)
PST 2.48%
TTT 8.25%, better
Holdings
PST 2
TTT 2
Avg volume (30D)
PST 6.43K sh
TTT 9.44K sh, better
NAV per share
PST $24.06
TTT $75.74
52W range

ETF.net Grade

PST: Cost 56, Risk 63, Mission not scored, Tradability 33, Holdings 46, Durability 41. TTT: Cost 56, Risk 34, Mission not scored, Tradability 45, Holdings 65, Durability 50.
Pillar letters and Scores for PST, TTT, with each pillar’s weight
PillarPSTTTT
Cost30% weightB56B56
Mission25% weightNot scoredNot scored
Risk15% weightB63HigherD34
Tradability15% weightD33C45Higher
Holdings10% weightC46B65Higher
Durability5% weightC41C50Higher

Rank among Inverse Treasury funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. PST and TTT are both graded against the same 7 Inverse Treasury funds, so their Grades compare head to head.

Inverse Treasury⁠

Category · 7 funds
See all 7 ›

PST ranks 4th and TTT 4th of 7 funds in the Inverse Treasury Category.

  1. Rank 1BTBTProShares UltraShort 20+ Year TreasuryScore 69
  2. Rank 2BTBXProShares Short 7-10 Year TreasuryScore 63
  3. Rank 3BTBFProShares Short 20+ Year TreasuryScore 61
  4. Rank 4CPSTProShares UltraShort 7-10 Year TreasuryScore 50
  5. Rank 4CTTTProShares UltraPro Short 20+ Year TreasuryScore 50
  6. Rank 6DTMVDirexion Daily 20+ Year Treasury Bear 3X ETFScore 39

Our read on each fund

ETF.net Research

PSTCProShares UltraShort 7-10 Year Treasury

TTTCProShares UltraPro Short 20+ Year Treasury

In short

PST Most inverse Treasury ETFs aim at the 20+ year long bond. PST aims at the belly: two times the inverse of the daily move in the ICE U.S. Treasury 7-10 Year Bond Index, reset each day, trading since 2008.

TTT The deep end of the Treasury short aisle. TTT aims for three times the inverse of the ICE U.S. Treasury 20+ Year Bond Index's daily move, reset every day, and it has been running this mandate since 2012.

Stated mandate

PST 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.

TTT TTT targets daily results, before fees and expenses, equal to three times the inverse of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index.

Why people hold it

  • PST ProShares calls it the only -2x ETF designed to gain when the daily price of the ICE U.S. Treasury 7-10 Year Bond Index falls. The view lands on the 10-year note, not the long end.proshares.com
  • 0.95% net of a waiver through September 30, 2027 (1.53% gross), near the category median, and the same net fee as -1x TBX, also waived through September 30, 2027.
  • Same index, three dials: TBX at -1x, PST at -2x, TYO at -3x (1.00% net of a waiver through September 1, 2027). You size the rate view without switching benchmarks.
  • Listed in 2008, so it has run through a full rate cycle, from the zero-bound years to the hiking cycle and back.
  • TTT Top rung of the leverage ladder on long Treasuries: -3x the index's daily move, so a 1% drop in 20+ year bond prices targets roughly a 3% gain before fees.proshares.com
  • 0.95% net of a waiver through September 30, 2027 (1.25% gross), a shade under TMV, the other -3x fund on this index at 0.97%, and near the category norm.
  • One issuer runs the whole ladder on this benchmark: TBF at -1x and TBT at -2x (0.93%, no waiver), so the exposure can be dialed down without changing families.proshares.com

Worth knowing

  • PST The -2x target is a one-day target. Over weeks, compounding takes the wheel and results can drift from twice the inverse of the index move, especially when rates chop.
  • A small fund that trades thinly, so spreads and limit orders carry real weight on entry and exit.
  • That 0.95% rests on a waiver running to September 30, 2027. The gross ratio is 1.53%, and waivers can be renewed or allowed to lapse.
  • TTT The objective is a single day. Hold longer and returns compound; the fund's filings state that index volatility works against returns over longer periods.sec.govsec.gov 2
  • A small fund that trades thinly, so bid/ask spreads can run wider than on the bigger names in the leveraged bear Treasury aisle.
  • The 0.95% rests on a contractual waiver through September 30, 2027. Without it the stated gross expense ratio is 1.25%.

Full PST profile⁠

Full TTT profile⁠

PST vs TTT Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

PST vs TTT Cost

Same expense ratio

$17,869

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PST 0.95%

    $17,869

  • TTT 0.95%

    $17,869

$10,000
30 years

Cost over time

  • PST 0.95%
  • TTT 0.95%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530PST $17,869TTT $17,869

Year by year

YearPSTTTT
10$1,678$1,678
20$6,322$6,322
30$17,869$17,869

Expense ratio

  • 0.95%PST
  • 0.95%TTT
  • Middle half of Inverse Treasury funds
  • Median 0.95%

PST 2nd cheapest of 7 funds

TTT 2nd cheapest of 7 funds

PST vs TTT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PST 2.48%
TTT 8.25%, better
Payout (12M)
PST $0.60
TTT $6.27
Last payment
PST $0.15
TTT $0.33
Ex-dividend
PST Sep 23, 2026
TTT Sep 23, 2026
Paid on
PST Sep 29, 2026
TTT Sep 29, 2026
Frequency
PST Quarterly
TTT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

PSTQuarterly · 24 paymentsAll PST payments⁠
One bar per payment. 24 payments from 2017 to 2026 YTD. Jun 20, 2018 $0.0088; Sep 26, 2018 $0.06; Dec 26, 2018 $0.08; Mar 20, 2019 $0.06; Jun 25, 2019 $0.10; Sep 25, 2019 $0.10; Dec 24, 2019 $0.09; Mar 25, 2020 $0.02; Dec 22, 2022 $0.0037; Mar 22, 2023 $0.12; Jun 21, 2023 $0.19; Sep 20, 2023 $0.21; Dec 20, 2023 $0.29; Mar 20, 2024 $0.16; Jun 26, 2024 $0.24; Sep 25, 2024 $0.22; Dec 23, 2024 $0.24; Mar 26, 2025 $0.17; Jun 25, 2025 $0.19; Sep 24, 2025 $0.21; Dec 24, 2025 $0.20; Mar 25, 2026 $0.11; Jun 24, 2026 $0.14; Sep 23, 2026 $0.15. Use the arrow keys to read each point.$0$102017202020232026YTD
TTTQuarterly · 22 paymentsAll TTT payments⁠
One bar per payment. 22 payments from 2017 to 2026 YTD. Sep 26, 2018 $0.18; Dec 26, 2018 $0.28; Mar 20, 2019 $0.26; Jun 25, 2019 $0.35; Sep 25, 2019 $0.29; Dec 24, 2019 $0.34; Mar 25, 2020 $0.09; Dec 22, 2022 $0.26; Mar 22, 2023 $0.23; Jun 21, 2023 $0.34; Sep 20, 2023 $0.14; Dec 20, 2023 $8.67; Jun 26, 2024 $0.18; Sep 25, 2024 $0.22; Dec 23, 2024 $3.48; Mar 26, 2025 $0.49; Jun 25, 2025 $0.42; Sep 24, 2025 $0.48; Dec 24, 2025 $5.21; Mar 25, 2026 $0.33; Jun 24, 2026 $0.40; Sep 23, 2026 $0.33. Use the arrow keys to read each point.$0$102017202020232026YTD

PST vs TTT Risk

Fall from peak · 5 years

  • PST
  • TTT
Oct 29, 2021 to Oct 30, 2026. Worst fall: TTT −48.1% · Sep 2024. Use the arrow keys to read each point.−50%−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
PST 13.3%, betterTTT 40.0%
Return per unit of riskSharpe ratio, 3 years
PST −0.20TTT −0.03, better
Worst fallMax drawdown, 5 years
PST −16.2%, betterTTT −48.1%
Market sensitivityBeta, 5 years
PST −2.34TTT −7.18

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