# ProShares - UltraShort 20+ Year Treasury (TBT) vs State Street SPDR S&P 500 ETF Trust (SPY) · total-return overlay

LOPJLB holding-return compare (5Y). Dividends and splits. Each path starts at 0% from the first adjusted close in the window.

ProShares - UltraShort 20+ Year Treasury (TBT) vs State Street SPDR S&P 500 ETF Trust (SPY) total return over 5Y: TBT +166.25%, SPY +84.62%. Regime TBT BULL · SPY BULL. As of Oct 14, 2026. Research only.

- Interactive: https://www.lopjlb.com/vs/TBT/SPY
- API: `GET /bff/api/bigfive/compare-series?symbols=TBT%2CSPY&range=5y`

## Window

| Symbol | Window % | Worst drawdown | YTD |
|---|---:|---:|---:|
| TBT | +166.25% | -33.80% | +19.99% |
| SPY | +84.62% | -24.49% | +13.53% |

## Periods (calendar lookback)

| Symbol | 1Y | 2Y | 3Y | 5Y |
|---|---:|---:|---:|---:|
| TBT | +29.82% | +34.50% | +12.94% | +166.25% |
| SPY | +17.47% | +34.75% | +83.03% | +84.62% |

## Annual

| Year | TBT | SPY |
|---|---:|---:|
| YTD | +19.99% | +13.53% |
| 2025 | -1.38% | +18.01% |
| 2024 | +25.93% | +25.59% |
| 2023 | +1.29% | +26.73% |
| 2022 | +83.83% | -18.64% |
| 2021 | -6.53% | +6.90% |

---

Research context only. Not personalized investment advice.