PST vs TBX
ProShares UltraShort 7-10 Year Treasury vs ProShares Short 7-10 Year Treasury
Which is better, PST or TBX?
Each has led over a different period.
PST led over 1Y, 3Y and 5Y, TBX over the full window. The two have moved almost in lockstep, correlation 0.98.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PST | TBX |
|---|---|---|
| Expense Ratio | 0.95%Tie | 0.95%Tie |
| AUM | $11M | $19M |
| Dividend Yield | 2.77% | 2.83% |
| Holdings | 6 | 4 |
| YTD Return | +15.71%Best | +8.80% |
| 1Y Return | +18.09%Best | +10.13% |
| 3Y Return (annualized) | +3.07%Best | +2.38% |
| 5Y Return (annualized) | +11.56%Best | +6.63% |
| Volatility (annualized) | 12.6% | 6.5%Best |
| Max Drawdown | -65.3% | -42.4%Best |
| $10,000 over 5 years | $17,280Best | $13,785 |
| Fund Family | ProShares | ProShares |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Debt | Trading-Inverse Debt |
| Inception | Apr 29, 2008 | Apr 4, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 5, 2011 to Oct 13, 2026 (15.5 years).
PST vs TBX growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 15.5 years both funds cover.
PST vs TBX Performance
ProShares UltraShort 7-10 Year Treasury (PST) is an ETF from ProShares and ProShares Short 7-10 Year Treasury (TBX) is an ETF from ProShares. Over the past year PST returned +18.09% while TBX returned +10.13%. Year to date, PST is up 15.71% versus a gain of 8.80% for TBX.
Over three years, PST compounded at +3.07% per year against +2.38% for TBX; over five years the annualized figures are +11.56% and +6.63% respectively. Across the full 16-year window we track, TBX has the edge at -1.11% annualized vs -2.59%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PST has been the more volatile fund, with annualized monthly volatility of 12.6% compared with 6.5% for TBX. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -65.3% for PST and -42.4% for TBX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PST charges 0.95% per year while TBX charges 0.95%. On a $10,000 position that is $95 vs $95 annually. On income, PST currently yields 2.77% against 2.83% for TBX.
Holdings Overlap
We hold position weights for 1 holding in PST and 1 in TBX, totalling 77.1% and 38.2% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 1 positions we hold weights for in PST and 1 in TBX, against full books of 6 and 4.
Top Shared Holdings
| Stock | Weight in PST | Weight in TBX | Difference |
|---|---|---|---|
| IQMMProshares Genius Mny Mkt Etf | 77.06% | 38.24% | 38.82% |
You are not choosing between two funds in isolation.
Whichever of PST and TBX you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PST or TBX?
PST has an expense ratio of 0.95% while TBX charges 0.95%. At the precision these are quoted to, they cost the same.
Which performed better, PST or TBX?
Over the past year PST returned +18.09% vs +10.13% for TBX, so PST leads on 1-year performance. Over the longest common window we track (16 years), PST annualized -2.59% vs -1.11% for TBX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PST or TBX?
PST has been the more volatile fund at 12.6% annualized versus 6.5% for TBX. Worst drawdown: PST -65.3% vs TBX -42.4%.
Should I hold both PST and TBX?
PST and TBX have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, PST or TBX?
PST yields 2.77% while TBX yields 2.83%, so TBX currently pays the higher dividend yield.
Is TBX better than PST?
PST led over 1Y, 3Y and 5Y, TBX over the full window. The two have moved almost in lockstep, correlation 0.98. Which one suits a particular account depends on what it is for. This is information, not a recommendation.