# TTT (ProShares UltraPro Short 20+ Year Treasury)

ProShares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: TTT returned +31.9% where its own daily promise gave +27.9%, 4.0 points over.

## Key facts

- TTT, what TLT did: −8.3%, as of Sep 30, 2026.
- TTT, what −3 times a day gives: +27.9%, as of Sep 30, 2026.
- TTT, what the fund returned: +31.9%, as of Sep 30, 2026.
- TTT, the fund itself added: +4.0 pts, as of Sep 30, 2026.
- TTT, net assets: $26m (issuer page, as of Sep 30, 2026).
- TTT, expense ratio: 0.95% (485BPOS XBRL, Sep 25, 2026).

## TTT over each window to Sep 30, 2026

| Window | Fund | TLT | -3x the move | Difference | TLT moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +17.7% | −5.4% | +16.1% | +1.6 pts | 10% |
| 3 months | +31.9% | −8.3% | +25.0% | +6.9 pts | 10% |
| 6 months | +33.3% | −8.1% | +24.3% | +9.0 pts | 9% |
| 1 year | +42.3% | −9.0% | +26.9% | +15.4 pts | 9% |
| 3 years | +15.8% | −0.4% | +1.3% | +14.5 pts | 13% |
| Since launch | −69.4% | +2.4% | −7.1% | −62.3 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 | -3.82 times, against -3 stated | ETFIQ |
| Underlying | TLT | ETFIQ |
| Segment | asset class, bond | ETFIQ |
| Net assets | $26m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Sep 25, 2026 |
| Launched | Mar 29, 2012 | ETFIQ |
| Underlying volatility over the window | 10% annualized | ETFIQ |

## Questions

### Did TTT return -3 times TLT?

Over the window to Sep 30, 2026, TLT moved −8.3% and TTT returned +31.9%. −3 times that move is +25.0%, so the fund came out 6.9 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 figure itself.


## Cite this page

ETFIQ, TTT, data as of Sep 30, 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