ProShares Ultra 20+ Year Treasury (UBT) — Stock Correlations & Overview
Over the past year, UBT has moved most closely with TMF, TLT, UTHY. Explore the stocks most correlated and inversely correlated with UBT below, along with its price, financials, and company profile.
Stocks correlated with UBT
Correlation of daily returns. Higher positive values move with UBT; negative values move opposite it. Informational only, not investment advice.
Most correlated with UBT
| Symbol | Company | Correlation |
|---|---|---|
| TMF | Direxion Daily 20+ Year Treasury Bull 3X ETF | 0.97 |
| TLT | iShares 20+ Year Treasury Bond ETF | 0.96 |
| UTHY | US Treasury 30 Year Bond ETF | 0.96 |
| BBLB | JPMorgan BetaBuilders U.S. Treasury Bond 20+ Year ETF | 0.96 |
| IBGL | iShares iBonds Dec 2055 Term Treasury ETF | 0.96 |
Most inversely correlated with UBT
| Symbol | Company | Correlation |
|---|---|---|
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.97 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.96 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.94 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.92 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.87 |
Frequently asked questions about UBT correlations
- Which stocks are most correlated with UBT?
- Based on one year of daily returns, the stocks most correlated with ProShares Ultra 20+ Year Treasury (UBT) are TMF (0.97), TLT (0.96) and UTHY (0.96). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with UBT?
- Over the past year, the stocks most inversely correlated with ProShares Ultra 20+ Year Treasury (UBT) are TMV (-0.97), TBT (-0.96) and TBF (-0.94). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these UBT correlations calculated?
- We compute the correlation of daily returns between UBT and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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