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 +5.07% over the past year and +5.78% YTD, with dividends reinvested. Since May 1, 2008, TBT is down −89.45% in real purchasing-power return, or −11.55%/yr, and is currently −90.10% below its real total-return high on Jun. 13, 2008.

Data ending Fri Aug. 28, 2026

Growth of $10,000

Thu 2008-05-01💬 to Fri 2026-08-28 Overall
Return
Exponential
Trendline
TBT
×
−89.45%
−11.55%/yr
−12.29%/yr
R2=0.743
ProShares UltraShort 20+ Year Treasury Exchange-Traded Fund

Growth of $10,000 Summary

Thu 2008-05-01💬 to Fri 2026-08-28 Start
Value
End
Value
TBT
×
$10,000.00
2008-05-01
$1,055.40
2026-08-28

This Year’s Performance

through 2026-08-28

  YTD YoY
TBT
×
+5.78% +5.07%

Drawdowns

  Current
Drawdown
Worst
Drawdown
TBT
×
−90.10%
on 2026-08-28
from 2008-06-13 peak
−95.80%
on 2020-08-04
from 2008-06-13 peak

Rolling Returns

Period ending Fri 2026-08-28 1 yr 2 yr 3 yr 5 yr 10 yr
TBT
×
+5.07% +25.75%
+12.14%/yr
+13.95%
+4.45%/yr
+107.31%
+15.70%/yr
+3.53%
+0.35%/yr

Annual Returns

Year TBT
2026 (YTD) +5.78%
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%