- ISIN
- US25459W5655
- CUSIP
- 25459W565
- Issuer
- Direxion
- Inception Date
- Apr 16, 2009
- Region
- North America (U.S.)
- Category
- Leveraged Bonds
- Leveraged
- 3x
- Index Tracked
- NYSE 7-10 Year Treasury Bond Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $34M
Share Price Chart
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Performance
TYD Performance Chart
Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is down 6.6% since the beginning of the year. TYD is currently trading at $24 per share. Investors who bought $1,000 worth of TYD shares 5 years ago would now be looking at an investment worth $494.
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Returns By Period
Direxion Daily 7-10 Year Treasury Bull 3X (TYD) has returned -6.59% so far this year and -1.55% over the past 12 months. Over the last ten years, TYD has returned -5.30% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Direxion Daily 7-10 Year Treasury Bull 3X
- 1D
- -1.17%
- 1M
- 0.77%
- YTD
- -6.59%
- 6M
- -6.82%
- 1Y
- -1.55%
- 3Y*
- -4.77%
- 5Y*
- -13.14%
- 10Y*
- -5.30%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.15%
- 1Y
- 24.03%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
TYD Monthly Returns History
Based on dividend-adjusted daily data since Apr 16, 2009, TYD's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, an investment would double in approximately 23.1 years.
Historically, 49% of months were positive and 51% were negative. The best month was Dec 2014 with a return of +16.0%, while the worst month was Sep 2022 at -14.2%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, TYD closed higher 47% of trading days. The best single day was Dec 1, 2014 with a return of +15.8%, while the worst single day was Nov 26, 2014 at -12.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.57% | 6.75% | -7.75% | -1.26% | -0.95% | -1.46% | -6.59% | ||||||
| 2025 | 0.90% | 7.52% | 0.20% | 2.13% | -5.06% | 3.88% | -2.76% | 3.97% | 0.97% | 1.05% | 2.12% | -3.18% | 11.68% |
| 2024 | -1.09% | -6.82% | 1.12% | -10.31% | 4.32% | 2.98% | 7.40% | 2.84% | 3.09% | -10.56% | 1.79% | -7.49% | -13.89% |
| 2023 | 9.99% | -10.56% | 10.50% | 1.43% | -5.37% | -5.08% | -2.89% | -3.26% | -10.01% | -6.69% | 12.48% | 10.53% | -2.87% |
| 2022 | -6.57% | -1.26% | -12.13% | -12.12% | 1.26% | -3.01% | 8.57% | -12.13% | -14.18% | -5.05% | 9.94% | -5.21% | -43.32% |
| 2021 | -3.02% | -7.36% | -6.91% | 2.55% | 1.39% | 2.89% | 5.87% | -1.43% | -4.83% | -1.45% | 2.95% | -1.68% | -11.36% |
Benchmark Metrics
Direxion Daily 7-10 Year Treasury Bull 3X has an annualized alpha of 7.87%, beta of -0.29, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since April 16, 2009.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -21.24%), but participation in market rallies was also limited (-3.81%) - a profile typical of counter-cyclical assets.
- Beta of -0.29 may look defensive, but with R2 of 0.06 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.06 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 7.87%
- Beta
- -0.29
- R²
- 0.06
- Upside Capture
- -3.81%
- Downside Capture
- -21.24%
Expense Ratio
TYD has a high expense ratio of 1.09%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TYD ranks 7 for risk / return — in the bottom 7% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TYD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.82 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.37 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 2.78 | -2.90 |
| Martin ratioReturn relative to average drawdown | -0.28 | 12.44 | -12.72 |
Dividends
Dividend History
Direxion Daily 7-10 Year Treasury Bull 3X provided a 3.24% dividend yield over the last twelve months, with an annual payout of $0.77 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.77 | $0.75 | $0.73 | $0.76 | $0.16 | $0.00 | $5.81 | $0.47 | $0.48 | $0.00 | $2.84 | $0.73 |
Dividend yield | 3.24% | 2.97% | 3.10% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.65% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily 7-10 Year Treasury Bull 3X. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.00 | $0.13 | ||||||
| 2025 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.25 | $0.75 |
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.24 | $0.73 |
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.29 | $0.76 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily 7-10 Year Treasury Bull 3X. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily 7-10 Year Treasury Bull 3X was 64.28%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Direxion Daily 7-10 Year Treasury Bull 3X drawdown is 59.40%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -64.28%Oct 2023 | 3y 2mo | — | 5y 10moAug 2020 - now |
Rate-hike selloffLate 2018 | -28.01%Oct 2018 | 2y 3mo | 9mo 27d | 3y 26dJul 2016 - Aug 2019 |
2013 bear market2013 | -25.05%Sep 2013 | 4mo 5d | 1y 3mo | 1y 7moMay 2013 - Dec 2014 |
Financial crisis2007–2009 | -24.96%Jun 2009 | 1mo 24d | 1y 19d | 1y 2moApr 2009 - Jun 2010 |
2011 bear market2011 | -22.89%Feb 2011 | 3mo 29d | 5mo 21d | 9mo 20dOct 2010 - Jul 2011 |
Drawdown Indicators
| TYD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -56.78% | -7.50% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -9.10% | -4.44% |
Max Drawdown (3Y)Largest decline over 3 years | -24.62% | -18.90% | -5.72% |
Max Drawdown (5Y)Largest decline over 5 years | -59.84% | -25.43% | -34.41% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | -33.92% | -30.36% |
Current DrawdownCurrent decline from peak | -59.40% | -1.80% | -57.60% |
Average DrawdownAverage peak-to-trough decline | -22.04% | -10.71% | -11.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.49% | 2.03% | +3.46% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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