ProShares UltraPro Short 20+ Year Treasury (TTT) Performance
TTT total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +16.9% since Dec 31, 2025
- 1 year
- +33.0% total return
- 5 years
- +23.9% a year
- 10 years
- +0.7% a year
- Since first price
- −8.7% a year since 2012
TTT trailing returns vs SPY, QQQ, AGG
| Period | TTT total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −4.0% | −4.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +4.7% | +4.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +16.3% | +15.1% | +7.8% | +8.4% | −1.5% |
| YTD | +16.9% | +15.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +33.0% | +21.4% | +14.4% | +15.9% | −1.1% |
| 3 years | −12.2%−4.3%/yr | −32.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +192.4%+23.9%/yr | +120.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +7.3%+0.7%/yr | −20.9% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionMar 29, 2012 | −73.5%−8.7%/yr | −80.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: TTT vs SPY
From Mar 29, 2012: TTT grew to $2,653, SPY to $69,624.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TTT returns by calendar year
5 of 13 full years positive. Best 2022 (+150.2%), worst 2014 (−55.6%). 2026 is year to date.
TTT annual returns table
| Year | TTT | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +16.9% | −15.9% | +12.3% | +15.1% | −1.0% |
| 2025 | −7.9% | −26.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +38.1% | −36.8% | +24.9% | +25.6% | +1.3% |
| 2023 | −11.3% | −46.5% | +26.2% | +54.9% | +5.7% |
| 2022 | +150.2% | −42.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +2.6% | −42.0% | +28.7% | +27.4% | −1.8% |
| 2020 | −54.1% | −60.9% | +18.3% | +48.6% | +7.5% |
| 2019 | −34.9% | −50.0% | +31.2% | +39.0% | +8.5% |
| 2018 | +6.3% | −22.1% | −4.6% | −0.1% | +0.1% |
| 2017 | −25.9% | −30.7% | +21.7% | +32.7% | +3.6% |
| 2016 | −12.9% | −45.4% | +12.0% | +7.1% | +2.4% |
| 2015 | −10.5% | −28.2% | +1.2% | +9.4% | +0.5% |
| 2014 | −55.6% | −56.5% | +13.5% | +19.2% | +6.0% |
| 2013 | +36.6% | −22.9% | +32.3% | +36.6% | −2.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
TTT largest drawdowns
Now 75.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 3, 2012 | −94.0% | Aug 4, 2020 | not yet | 8.3 years | 14.6 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
TTT risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2012 |
|---|---|---|---|---|
| Annualized return | +4.9% | +27.3% | +3.0% | −8.1% |
| Volatility (annualized) | 40.6% | 44.4% | 41.4% | 39.4% |
| Sharpe ratio | 0.21 | 0.68 | 0.22 | -0.05 |
| Sortino ratio | 0.32 | 1.17 | 0.34 | -0.08 |
| Best month | +23.8% | +32.9% | +32.9% | +32.9% |
| Worst month | −25.2% | −25.2% | −30.5% | −30.5% |
| Best 12 months | +42.1% | +181.6% | +181.6% | +181.6% |
| Worst 12 months | −33.1% | −33.1% | −69.5% | −69.5% |
| Positive months | 50% | 58% | 52% | 51% |
| Beta vs S&P 500 | -1.61 | -1.57 | -0.46 | — |
| Correlation with S&P 500 | -0.49 | -0.55 | -0.17 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
TTT rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 164 | −69.5% | −0.4% | +181.6% | 49% |
| 3-year (a year) | 140 | −38.1% | −12.1% | +56.1% | 35% |
| 5-year (a year) | 116 | −30.5% | −15.9% | +29.0% | 27% |
| 10-year (a year) | 56 | −20.4% | −10.0% | +3.0% | 7% |
Every holding period starting at a month-end since 2012. Returns for 3 years and longer are annualized.
TTT performance overview
ProShares UltraPro Short 20+ Year Treasury (TTT) returned +33.0% over the past year and +0.7% a year over ten years, with distributions reinvested. Since its first recorded price in 2012 it has returned −8.7% a year, turning $10,000 into about $2,653. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −94.0%, from Apr 3, 2012 to Aug 4, 2020; the fund has not yet regained that high. TTT finished 5 of its 13 full calendar years with a gain; the best year was 2022 (+150.2%) and the worst 2014 (−55.6%). Volatility has been 39.4% a year.
Related: TTT chart, TTT dividends. See the TTT overview for the latest quote and fund facts.
TTT performance FAQ
What is the TTT return over the past year?
TTT returned +33.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 21.4%.
What is the average annual return of TTT?
TTT has returned +23.9% a year over 5 years, +0.7% a year over 10 years, −8.7% a year since March 29, 2012 (total return, distributions reinvested).
How much would $10,000 invested in TTT be worth?
$10,000 invested in TTT at its first recorded close on March 29, 2012 would be worth about $2,653 on October 23, 2026 with distributions reinvested.
What was the worst year for TTT?
The worst calendar year was 2014, with a total return of −55.6%. The best was 2022 at +150.2%.
What is the biggest drawdown of TTT?
The largest peak-to-trough decline was −94.0% between April 3, 2012 and August 4, 2020. It has not yet recovered to that high; it is 75.5% below its peak.
How volatile is TTT?
Over the past 3 years TTT had an annualized volatility of 40.6% and a Sharpe ratio of 0.21 (excess return over 1–3 month T-bills per unit of risk).