UBT vs VTI
ProShares Ultra 20+ Year Treasury vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | UBT | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.03% | |
| AUM | $58M | $666.9B | |
| Dividend Yield | 3.79% | 1.07% | |
| Holdings | 8 | 3,543 | |
| YTD Return | -9.22% | +14.82% | |
| 1Y Return | -7.59% | +22.43% | |
| 3Y Return (annualized) | -8.16% | +21.93% | |
| 5Y Return (annualized) | -21.37% | +12.34% | |
| Volatility (annualized) | 27.3% | 15.4% | |
| Max Drawdown | -79.0% | -56.6% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 19, 2010 | May 24, 2001 |
UBT vs VTI Performance
ProShares Ultra 20+ Year Treasury (UBT) is a ETF from ProShares and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year UBT returned -7.59% while VTI returned +22.43%. Year to date, UBT is down 9.22% versus a gain of 14.82% for VTI.
Over three years, UBT compounded at -8.16% per year against +21.93% for VTI; over five years the annualized figures are -21.37% and +12.34% respectively. Across the full 17-year window we track, VTI has the edge at +8.16% annualized vs -0.49%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UBT has been the more volatile fund, with annualized monthly volatility of 27.3% compared with 15.4% for VTI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -79.0% for UBT and -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.10. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
UBT charges 0.95% per year while VTI charges 0.03%. On a $10,000 position that is $95 vs $3 annually, a gap of $92 per year that compounds over a long holding period. On income, UBT currently yields 3.79% against 1.07% for VTI.
Holdings Overlap
UBT and VTI share 0 holdings out of 2788 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, UBT or VTI?
UBT has an expense ratio of 0.95% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, UBT or VTI?
Over the past year UBT returned -7.59% vs +22.43% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (17 years), UBT annualized -0.49% vs +8.16% for VTI. Past performance does not guarantee future results.
Which is riskier, UBT or VTI?
UBT has been the more volatile fund at 27.3% annualized versus 15.4% for VTI. Worst drawdown: UBT -79.0% vs VTI -56.6%.
Should I hold both UBT and VTI?
UBT and VTI have a monthly-return correlation of -0.10, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between UBT and VTI?
UBT and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2788 unique securities.
Which pays a higher dividend, UBT or VTI?
UBT yields 3.79% while VTI yields 1.07%, so UBT currently pays the higher dividend yield.
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