All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

TBT: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

TBT real return snapshot: after CPI-U inflation, TBT returned +14.18% over the past year and +9.33% YTD, with dividends reinvested. Since May 1, 2008, TBT is down −89.09% in real purchasing-power return, or −11.36%/yr, and is currently −89.77% below its real total-return high on Jun. 13, 2008.

Data ending Fri Sep. 18, 2026

Growth of $10,000

Thu 2008-05-01💬 to Fri 2026-09-18 Overall
Return
Exponential
Trendline
TBT
×
−89.09%
−11.36%/yr
−12.21%/yr
R2=0.739
ProShares UltraShort 20+ Year Treasury Exchange-Traded Fund

Growth of $10,000 Summary

Thu 2008-05-01💬 to Fri 2026-09-18 Start
Value
End
Value
TBT
×
$10,000.00
2008-05-01
$1,090.81
2026-09-18

This Year’s Performance

through 2026-09-18

  YTD YoY
TBT
×
+9.33% +14.18%

Drawdowns

  Current
Drawdown
Worst
Drawdown
TBT
×
−89.77%
on 2026-09-18
from 2008-06-13 peak
−95.80%
on 2020-08-04
from 2008-06-13 peak

Rolling Returns

Period ending Fri 2026-09-18 1 yr 2 yr 3 yr 5 yr 10 yr
TBT
×
+14.18% +34.82%
+16.11%/yr
+13.59%
+4.34%/yr
+115.15%
+16.56%/yr
+2.31%
+0.23%/yr

Annual Returns

Year TBT
2026 (YTD) +9.33%
2025 −4.02%
2024 +24.09%
2023 −5.58%
2022 +81.55%
2021 −3.90%
2020 −38.77%
2019 −24.63%
2018 +3.02%
2017 −18.96%
2016 −9.25%
2015 −5.69%
2014 −41.87%
2013 +22.97%
2012 −13.71%
2011 −52.62%
2010 −26.84%
2009 +28.70%
2008 −43.97%