BZQ vs. TYD
BZQ (ProShares UltraShort MSCI Brazil Capped) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both exchange-traded funds - BZQ is a Leveraged Equities fund tracking the MSCI Brazil 25-50 (-200%), while TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 10 years, BZQ returned -34.28%/yr vs -5.67%/yr for TYD. Their 0.10 correlation means their historical movements had little consistent relationship. BZQ charges 0.95%/yr vs 1.09%/yr for TYD.
Performance
BZQ vs. TYD - Performance Comparison
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Returns By Period
In the year-to-date period, BZQ achieves a -31.18% return, which is significantly lower than TYD's -9.55% return. Over the past 10 years, BZQ has underperformed TYD with an annualized return of -34.28%, while TYD has yielded a comparatively higher -5.67% annualized return.
BZQ
- 1D
- 1.68%
- 1M
- -11.20%
- 6M
- -3.41%
- YTD
- -31.18%
- 1Y
- -55.71%
- 3Y*
- -23.89%
- 5Y*
- -25.86%
- 10Y*
- -34.28%
- ALL TIME*
- -29.38%
TYD
- 1D
- 0.53%
- 1M
- -4.13%
- 6M
- -7.55%
- YTD
- -9.55%
- 1Y
- -8.36%
- 3Y*
- -3.71%
- 5Y*
- -15.05%
- 10Y*
- -5.67%
- ALL TIME*
- 0.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $82.44K | $121.14K | $200.97K | |
| $422.10K | $413.29K | $510.67K |
BZQ vs. TYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | -31.18% | -57.90% | 98.84% | -49.11% | -44.20% | 6.45% | -52.88% | -48.20% | -21.52% | -49.73% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -9.55% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
Correlation
The correlation between BZQ and TYD is -0.19, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.19 |
Correlation (3Y) Balances recent behavior with more history. | -0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2009 | 0.10 |
The correlation between BZQ and TYD shifts across timeframes, from -0.19 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BZQ vs. TYD — Risk / Return Rank
BZQ
TYD
BZQ vs. TYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Brazil Capped (BZQ) and Direxion Daily 7-10 Year Treasury Bull 3X (TYD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BZQ | TYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.91 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.58 | -0.29 |
| Martin ratioReturn relative to average drawdown | -1.28 | -1.24 | -0.03 |
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Drawdowns
BZQ vs. TYD - Drawdown Comparison
The maximum BZQ drawdown since its inception was -99.82%, which is greater than TYD's maximum drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for BZQ and TYD.
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Drawdown Indicators
| BZQ | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.82% | -64.28% | -35.54% |
Max Drawdown (1Y)Largest decline over 1 year | -64.18% | -14.41% | -49.77% |
Max Drawdown (3Y)Largest decline over 3 years | -77.31% | -22.32% | -54.99% |
Max Drawdown (5Y)Largest decline over 5 years | -88.65% | -59.35% | -29.30% |
Max Drawdown (10Y)Largest decline over 10 years | -98.92% | -64.28% | -34.64% |
Current DrawdownCurrent decline from peak | -99.77% | -60.69% | -39.08% |
Average DrawdownAverage peak-to-trough decline | -84.66% | -22.30% | -62.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.64% | 6.75% | +37.89% |
Volatility
BZQ vs. TYD - Volatility Comparison
ProShares UltraShort MSCI Brazil Capped (BZQ) has a higher volatility of 13.59% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 3.51%. This indicates that BZQ's price experiences larger fluctuations and is considered to be riskier than TYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BZQ | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.59% | 3.51% | +10.08% |
Volatility (6M)Calculated over the trailing 6-month period | 38.33% | 10.39% | +27.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.09% | 13.25% | +36.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.82% | 22.92% | +31.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.55% | 20.17% | +46.38% |
BZQ vs. TYD - Expense Ratio Comparison
BZQ has a 0.95% expense ratio, which is lower than TYD's 1.09% expense ratio.
Dividends
BZQ vs. TYD - Dividend Comparison
BZQ's dividend yield for the trailing twelve months is around 8.02%, more than TYD's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | 8.02% | 5.96% | 3.26% | 4.51% | 0.22% | 0.00% | 0.21% | 2.13% | 0.28% | 0.00% | 0.00% | 0.00% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.41% | 2.97% | 3.10% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.65% |
Frequently Asked Questions
BZQ and TYD have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BZQ has higher volatility (13.59%) compared to TYD (3.51%). In terms of maximum drawdown, BZQ dropped -99.82% vs TYD's -64.28%.
On 10-year performance, TYD leads with -5.67% vs -34.28% for BZQ. On fees, BZQ is cheaper at 0.95% per year. On volatility, TYD has been the lower-risk option at 3.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TYD has performed better with a -5.67% return vs -34.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BZQ is cheaper with a 0.95% expense ratio, compared with 1.09% for TYD.
BZQ has the higher dividend yield at 8.02%, compared with 3.41% for TYD.
BZQ is categorized as Leveraged Equities, while TYD is Leveraged Bonds. BZQ tracks MSCI Brazil 25-50 (-200%), while TYD tracks NYSE 7-10 Year Treasury Bond Index. They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for BZQ and 1.09% for TYD.
TYD currently has the higher Sharpe Ratio (-0.63 vs -1.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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