PBTP vs UBT

Comparison between INVESCO 0-5 YR US TIPS ETF (PBTP, ETF) and PROSHARES ULTRA 20+ YEAR TREASURY (UBT, ETF).

5-Year PerformancePBTP has outperformed UBT, delivering a return of +3.3% compared to -18.1%

PBTP vs UBT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PBTP(ETF)	UBT(ETF)
Net Assets	$67M	$66M
Expense Ratio	0.07%	N/A
Max Drawdown	9.90%	80.57%
Sharpe Ratio	0.39	-0.08
5Y Beta	-0.01	0.09
5Y Dividends CAGR	25.87%	37.22%

Net Assets

Winner

PBTP

$67M

UBT

$66M

Expense Ratio

PBTP

0.07%

UBT

N/A

Max Drawdown

Winner

PBTP

9.90%

UBT

80.57%

Sharpe Ratio

Winner

PBTP

0.39

UBT

-0.08

5Y Beta

Winner

PBTP

-0.01

UBT

0.09

5Y Dividends CAGR

PBTP

25.87%

Winner

UBT

37.22%

PBTP vs UBT - Historical Returns

Returns include dividend reinvestment.

Period	PBTP	UBT
1 month	-0.08%	-0.56%
3 months	+0.96%	-7.57%
6 months	+1.87%	-5.19%
1 year	+4.46%	+0.26%
5 years(CAGR)	+3.27%	-18.10%
10 years(CAGR)	+3.39%	-8.23%
Max(CAGR)	+3.39%	+0.55%

Winner

PBTP

-0.08%

UBT

-0.56%

Winner

PBTP

+0.96%

UBT

-7.57%

Winner

PBTP

+1.87%

UBT

-5.19%

Winner

PBTP

+4.46%

UBT

+0.26%

5Y(CAGR)

Winner

PBTP

+3.27%

UBT

-18.10%

10Y(CAGR)

Winner

PBTP

+3.39%

UBT

-8.23%

Max(CAGR)

Winner

PBTP

+3.39%

UBT

+0.55%

PBTP vs UBT - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	PBTP	UBT
2026	+1.88%	-3.26%
2025	+5.90%	+1.44%
2024	+4.79%	-20.52%
2023	+4.57%	-6.93%
2022	-3.02%	-53.46%
2021	+5.41%	-11.80%
2020	+4.75%	+28.52%
2019	+4.74%	+23.49%
2018	+0.59%	-4.46%
2017	+0.04%	+14.90%
2016	N/A	-1.93%
2015	N/A	-9.46%
2014	N/A	+59.04%
2013	N/A	-24.72%
2012	N/A	+5.92%
2011	N/A	+75.00%
2010	N/A	+10.12%

PBTP vs UBT Drawdown Comparison

The maximum drawdown for PBTP was -5.44%, occurring on Sep 30, 2022. Recovery took 443 trading sessions.

The maximum drawdown for UBT was -78.91%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

The current PBTP drawdown is -0.28%. The current UBT drawdown is -76.83%.

Rank	PBTP	UBT
#1	-5.44% Mar 11, 2022 - Dec 14, 2023	-78.91% Mar 9, 2020 - Oct 19, 2023
#2	-5.35% Mar 5, 2020 - Jun 8, 2020	-38.31% Jul 25, 2012 - Dec 12, 2014
#3	-2.18% Nov 17, 2021 - Mar 1, 2022	-36.37% Jul 8, 2016 - Aug 6, 2019
#4	-1.04% Nov 15, 2018 - Jan 31, 2019	-32.20% Aug 26, 2010 - Aug 8, 2011
#5	-1.03% Apr 30, 2025 - Jun 26, 2025	-30.26% Jan 30, 2015 - Jun 27, 2016
#6	-1.00% Apr 3, 2025 - Apr 28, 2025	-20.74% Oct 3, 2011 - Dec 19, 2011
#7	-0.97% Aug 24, 2018 - Nov 15, 2018	-20.35% Dec 19, 2011 - May 17, 2012
#8	-0.81% Sep 24, 2024 - Jan 15, 2025	-16.53% Aug 28, 2019 - Feb 21, 2020
#9	-0.68% Jan 31, 2024 - Mar 1, 2024	-9.70% Sep 22, 2011 - Oct 3, 2011
#10	-0.66% Mar 17, 2026 - Apr 7, 2026	-9.59% Aug 10, 2011 - Aug 18, 2011
#11	-0.63% Aug 3, 2021 - Aug 27, 2021	-8.97% Jun 1, 2012 - Jul 23, 2012
#12	-0.63% May 18, 2021 - Jul 2, 2021	-8.75% Aug 19, 2011 - Sep 2, 2011
#13	-0.60% Feb 12, 2021 - Mar 2, 2021	-8.71% Feb 8, 2010 - Apr 30, 2010
#14	-0.53% Oct 22, 2025 - Jan 7, 2026	-8.25% May 6, 2010 - May 20, 2010
#15	-0.53% Sep 9, 2021 - Oct 14, 2021	-6.40% Jul 1, 2010 - Jul 21, 2010

Correlation

Correlation between PBTP and UBT is -0.60 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.60

-101

Dividend Comparison (2010 - 2026)

PBTP vs UBT dividend yield comparison.

Year	PBTP	UBT
2026	0.14%	0.46%
2025	3.82%	4.26%
2024	2.59%	4.50%
2023	2.36%	3.54%
2022	5.33%	0.30%
2021	3.12%	0.00%
2020	1.25%	0.26%
2019	2.12%	1.50%
2018	2.33%	1.55%
2017	0.73%	1.37%
2016	0.00%	0.75%
2015	0.00%	1.56%
2014	0.00%	0.79%
2013	0.00%	0.18%
2012	0.00%	0.07%
2011	0.00%	0.51%
2010	0.00%	0.69%