TBT vs NBH
Comparison between PROSHARES ULTRASHORT 20+ YEAR TREASURY (TBT, ETF) and Neuberger Berman Municipal Fund Inc (NBH, ETF).
5-Year PerformanceTBT has outperformed NBH, delivering a return of +16.1% compared to -3.1%
TBT vs NBH - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
TBT vs NBH - Historical Returns
Returns include dividend reinvestment.
TBT vs NBH - Annual Returns (2002 - 2026)
Returns include dividend reinvestment.
| Year | TBT | NBH |
|---|---|---|
| 2026 | +2.30% | +5.28% |
| 2025 | -1.41% | +3.72% |
| 2024 | +25.84% | +5.10% |
| 2023 | +1.22% | +2.61% |
| 2022 | +83.83% | -28.53% |
| 2021 | +2.55% | +4.67% |
| 2020 | -36.60% | +4.47% |
| 2019 | -22.02% | +25.05% |
| 2018 | +2.75% | -9.40% |
| 2017 | -16.51% | -2.94% |
| 2016 | -6.01% | +9.20% |
| 2015 | -3.08% | +7.37% |
| 2014 | -41.07% | +17.41% |
| 2013 | +21.75% | -9.28% |
| 2012 | -14.72% | +6.63% |
| 2011 | -51.83% | +21.40% |
| 2010 | -26.11% | +10.30% |
| 2009 | +27.90% | +22.48% |
| 2008 | -45.18% | -8.12% |
| 2007 | N/A | -1.92% |
| 2006 | N/A | +9.24% |
| 2005 | N/A | +7.01% |
| 2004 | N/A | +2.11% |
| 2003 | N/A | +5.39% |
| 2002 | N/A | -9.14% |
TBT vs NBH 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 NBH was -43.50%, occurring on Oct 25, 2023. This drawdown has not yet recovered.
The current TBT drawdown is -85.77%. The current NBH drawdown is -22.41%.
| Rank | TBT | NBH |
|---|---|---|
| #1 | -94.99% Jun 13, 2008 - Aug 4, 2020 | -43.50% Aug 27, 2021 - Oct 25, 2023 |
| #2 | -3.64% May 29, 2008 - Jun 12, 2008 | -32.21% Feb 25, 2020 - Jan 11, 2021 |
| #3 | -3.62% May 6, 2008 - May 28, 2008 | -26.07% Jan 16, 2008 - Jan 5, 2009 |
| #4 | -0.01% May 2, 2008 - May 6, 2008 | -21.60% Nov 23, 2012 - Dec 4, 2014 |
| #5 | N/A | -18.63% Aug 23, 2016 - Jul 17, 2019 |
| #6 | N/A | -16.00% Mar 17, 2004 - Jun 16, 2005 |
| #7 | N/A | -13.79% Nov 1, 2002 - May 8, 2003 |
| #8 | N/A | -12.64% Jul 3, 2003 - Feb 27, 2004 |
| #9 | N/A | -12.16% Oct 26, 2010 - Aug 17, 2011 |
| #10 | N/A | -10.82% Jan 5, 2009 - May 19, 2009 |
| #11 | N/A | -8.96% Sep 27, 2006 - Jan 14, 2008 |
| #12 | N/A | -8.21% Feb 24, 2012 - Mar 30, 2012 |
| #13 | N/A | -7.71% Aug 2, 2012 - Sep 17, 2012 |
| #14 | N/A | -7.43% Jan 28, 2015 - Oct 6, 2015 |
| #15 | N/A | -7.39% Feb 9, 2021 - Apr 15, 2021 |
Correlation
Correlation between TBT and NBH is -0.87 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
Dividend Comparison (2002 - 2026)
TBT vs NBH dividend yield comparison.
| Year | TBT | NBH |
|---|---|---|
| 2026 | 0.48% | 2.61% |
| 2025 | 3.21% | 6.43% |
| 2024 | 4.64% | 5.33% |
| 2023 | 4.98% | 4.49% |
| 2022 | 0.42% | 6.14% |
| 2021 | 0.00% | 4.89% |
| 2020 | 0.32% | 4.93% |
| 2019 | 2.12% | 4.86% |
| 2018 | 0.99% | 6.04% |
| 2017 | 0.00% | 5.53% |
| 2016 | 0.00% | 5.54% |
| 2015 | 0.00% | 5.73% |
| 2014 | 0.00% | 5.47% |
| 2013 | 0.00% | 5.98% |
| 2012 | 0.00% | 4.76% |
| 2011 | 0.00% | 5.28% |
| 2010 | 0.00% | 6.00% |
| 2009 | 0.00% | 5.18% |
| 2008 | 0.44% | 5.73% |
| 2007 | 0.00% | 5.15% |
| 2006 | 0.00% | 5.73% |
| 2005 | 0.00% | 5.99% |
| 2004 | 0.00% | 6.07% |
| 2003 | 0.00% | 5.89% |
| 2002 | 0.00% | 0.98% |
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