UST ETF — ProShares Ultra 7-10 Year Treasury

ProShares Ultra 7-10 Year Treasury (UST)

Updated October 16, 2026.

UST is an ETF. its distribution rate is 3.20%, its trailing-12-month yield is 3.59%, its expense ratio is 0.95%. Dividend Vision Distribution Safety Score™ is 38/100 (Elevated risk). Total return is 39.9% over the past 16.7 years, 798.9 points behind SPY at 838.8%.

ProShares Ultra 7-10 Year Treasury is an ETF that uses financial instruments to track the performance of U.S. Treasury debt with maturities between seven and ten years, employing leverage to amplify daily returns. The fund carries a moderate current distribution rate paid quarterly, with an expense ratio of 0.95%. This fund appeals to income-focused investors seeking leveraged fixed-income exposure, though the leverage mechanism means returns amplify in both directions and the fund is designed for tactical positioning rather than long-term buy-and-hold strategies.

UST performance versus SPY

Price and return data through 2026-10-16.

Total return is 39.9% over the past 16.7 years, 798.9 points behind SPY at 838.8%. Over the past year its total return — price change plus distributions reinvested — is -10.8%. Its deepest 1-year drawdown was 15.3%.

UST key facts

Distribution Safety Score™

38 · Elevated risk

Safety-Adjusted Yield

1.22%

Issuer

ProShares

Asset type

ETF

Asset class

Equity

Inception date

01/19/2010

Expense ratio

0.95%

Distribution rate

3.20%

Distribution frequency

Quarterly

Trailing yield

3.59%

Last close

$38.94 (as of 2026-10-16)

AUM

$15,422,783

Average volume

2691.0

Dividend

$0.312

Ex-dividend date

09/23/2026

Payment date

09/29/2026

Beta

2.32

How Dividend Vision calculates yield and returns

Distribution rate (3.20%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.59%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: ProShares; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

UST risks and drawbacks

UST's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 15.3%.

Who may consider UST — and who may not

UST may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (UST pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on UST

• All tickers starting with U

Tagged: Leverage, Treasury.

Frequently asked questions

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