# TTT (ProShares UltraPro Short 20+ Year Treasury)

ProShares · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: TTT returned +16.9% where its own daily promise gave +13.7%, 3.2 points over.

## Key facts

- TTT, what TLT did: −4.6%, as of Sep 11, 2026.
- TTT, what −3 times a day gives: +13.7%, as of Sep 11, 2026.
- TTT, what the fund returned: +16.9%, as of Sep 11, 2026.
- TTT, the fund itself added: +3.3 pts, as of Sep 11, 2026.
- TTT, net assets: $20m (issuer page, as of Sep 11, 2026).
- TTT, expense ratio: 0.95% (485BPOS XBRL, Sep 23, 2025).

## TTT over each window to Sep 11, 2026

| Window | Fund | TLT | -3x the move | Difference | TLT moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +4.1% | −1.1% | +3.4% | +0.7 pts | 10% |
| 3 months | +16.9% | −4.6% | +13.9% | +3.1 pts | 9% |
| 6 months | +18.3% | −4.4% | +13.1% | +5.2 pts | 10% |
| 1 year | +31.4% | −6.4% | +19.1% | +12.2 pts | 9% |
| 3 years | +23.0% | −2.6% | +7.7% | +15.3 pts | 14% |
| Since launch | −72.8% | +6.4% | −19.3% | −53.5 pts | 14% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -3 times the daily move of TLT, reset daily | ETFIQ |
| Multiple a holder actually got over the window | TLT moved −4.6% over this window, too little to read a multiple from | ETFIQ |
| Underlying | TLT | ETFIQ |
| Segment | asset class, bond | ETFIQ |
| Net assets | $20m | issuer page, as of Sep 11, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Sep 23, 2025 |
| Launched | Mar 29, 2012 | ETFIQ |
| Underlying volatility over the window | 9% annualized | ETFIQ |

## Questions

### Did TTT return -3 times TLT?

Over the window to Sep 11, 2026, TLT moved −4.6% and TTT returned +16.9%. 3 times that move is +13.9%, so the fund came out 3.1 points ahead of it.

### Why does TTT not return -3 times over a year?

Because it resets daily. TTT aims at -3 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -3 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which -3x TLT ETF tracked its stated multiple most closely?

2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 3 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, TTT, data as of Sep 11, 2026. https://etfiq.com/funds/TTT
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/TTT  ·  JSON: https://etfiq.com/funds/TTT.json