TBT vs CALI
Comparison between PROSHARES ULTRASHORT 20+ YEAR TREASURY (TBT, ETF) and BlackRock Short-Term California Muni Bond ETF (CALI, ETF).
TBT vs CALI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
TBT
$296M
CALI
$295M
Expense Ratio
TBT
N/A
CALI
0.20%
Max Drawdown
TBT
95.17%
Winner
CALI
1.08%
Sharpe Ratio
Winner
TBT
-0.03
CALI
-0.89
5Y Beta
Winner
TBT
-0.11
CALI
0.01
5Y Dividends CAGR
TBT
89.90%
CALI
N/A
TBT vs CALI - Historical Returns
Returns include dividend reinvestment.
1M
Winner
TBT
+0.59%
CALI
+0.31%
3M
Winner
TBT
+8.06%
CALI
+0.34%
6M
Winner
TBT
+6.06%
CALI
+1.18%
1Y
TBT
+1.40%
Winner
CALI
+3.01%
5Y(CAGR)
TBT
+15.57%
CALI
N/A
10Y(CAGR)
TBT
+2.01%
CALI
N/A
Max(CAGR)
TBT
-9.76%
Winner
CALI
+3.13%
TBT vs CALI - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | TBT | CALI |
|---|---|---|
| 2026 | +3.88% | +0.93% |
| 2025 | -1.41% | +3.26% |
| 2024 | +25.84% | +2.84% |
| 2023 | +1.22% | +1.97% |
| 2022 | +83.83% | N/A |
| 2021 | +2.55% | N/A |
| 2020 | -36.60% | N/A |
| 2019 | -22.02% | N/A |
| 2018 | +2.75% | N/A |
| 2017 | -16.51% | N/A |
| 2016 | -6.01% | N/A |
| 2015 | -3.08% | N/A |
| 2014 | -41.07% | N/A |
| 2013 | +21.75% | N/A |
| 2012 | -14.72% | N/A |
| 2011 | -51.83% | N/A |
| 2010 | -26.11% | N/A |
| 2009 | +27.90% | N/A |
| 2008 | -45.18% | N/A |
TBT vs CALI Drawdown Comparison
The maximum drawdown for TBT was -94.99%, occurring on Aug 4, 2020. This drawdown has not yet recovered.
The maximum drawdown for CALI was -0.78%, occurring on Apr 11, 2025. Recovery took 35 trading sessions.
The current TBT drawdown is -85.55%.
| Rank | TBT | CALI |
|---|---|---|
| #1 | -94.99% Jun 13, 2008 - Aug 4, 2020 | -0.78% Apr 4, 2025 - May 27, 2025 |
| #2 | -3.64% May 29, 2008 - Jun 12, 2008 | -0.67% Feb 27, 2026 - May 28, 2026 |
| #3 | -3.62% May 6, 2008 - May 28, 2008 | -0.45% Sep 13, 2023 - Nov 3, 2023 |
| #4 | -0.01% May 2, 2008 - May 6, 2008 | -0.32% Dec 2, 2024 - Jan 15, 2025 |
| #5 | N/A | -0.31% Mar 20, 2024 - May 2, 2024 |
| #6 | N/A | -0.24% Jan 9, 2024 - Feb 1, 2024 |
| #7 | N/A | -0.23% Mar 3, 2025 - Apr 1, 2025 |
| #8 | N/A | -0.22% Jan 17, 2025 - Jan 31, 2025 |
| #9 | N/A | -0.22% Oct 3, 2024 - Nov 4, 2024 |
| #10 | N/A | -0.19% Sep 17, 2025 - Oct 10, 2025 |
| #11 | N/A | -0.18% Nov 5, 2024 - Nov 8, 2024 |
| #12 | N/A | -0.17% Jan 15, 2025 - Jan 17, 2025 |
| #13 | N/A | -0.16% Jun 6, 2024 - Jun 12, 2024 |
| #14 | N/A | -0.16% Nov 8, 2024 - Nov 15, 2024 |
| #15 | N/A | -0.15% Jul 23, 2024 - Jul 30, 2024 |
Correlation
Correlation between TBT and CALI is 0.40 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.40
-101
Dividend Comparison (2008 - 2026)
TBT vs CALI dividend yield comparison.
| Year | TBT | CALI |
|---|---|---|
| 2026 | 0.47% | 0.99% |
| 2025 | 3.21% | 2.62% |
| 2024 | 4.64% | 3.14% |
| 2023 | 4.98% | 1.37% |
| 2022 | 0.42% | 0.00% |
| 2020 | 0.32% | 0.00% |
| 2019 | 2.12% | 0.00% |
| 2018 | 0.99% | 0.00% |
| 2008 | 0.44% | 0.00% |
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