TQQQ vs. TYD
TQQQ (ProShares UltraPro QQQ) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both exchange-traded funds - TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%), 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, TQQQ returned 41.33%/yr vs -5.55%/yr for TYD. At a correlation of -0.15, they often move in opposite directions. TQQQ charges 0.95%/yr vs 1.09%/yr for TYD.
Performance
TQQQ vs. TYD - Performance Comparison
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Returns By Period
In the year-to-date period, TQQQ achieves a 35.91% return, which is significantly higher than TYD's -8.67% return. Over the past 10 years, TQQQ has outperformed TYD with an annualized return of 41.33%, while TYD has yielded a comparatively lower -5.55% annualized return.
TQQQ
- 1D
- 5.50%
- 1M
- -13.68%
- 6M
- 41.24%
- YTD
- 35.91%
- 1Y
- 63.13%
- 3Y*
- 51.24%
- 5Y*
- 17.78%
- 10Y*
- 41.33%
- ALL TIME*
- 43.27%
TYD
- 1D
- -0.78%
- 1M
- -3.38%
- 6M
- -6.39%
- YTD
- -8.67%
- 1Y
- -3.97%
- 3Y*
- -4.77%
- 5Y*
- -14.54%
- 10Y*
- -5.55%
- ALL TIME*
- 0.96%
TQQQ vs. TYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 35.91% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -8.67% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
Correlation
The correlation between TQQQ and TYD is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | -0.15 |
The correlation between TQQQ and TYD shifts across timeframes, from -0.15 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TQQQ vs. TYD — Risk / Return Rank
TQQQ
TYD
TQQQ vs. TYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) 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.
| TQQQ | TYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.96 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | -0.29 | +2.01 |
| Martin ratioReturn relative to average drawdown | 5.13 | -0.64 | +5.76 |
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Drawdowns
TQQQ vs. TYD - Drawdown Comparison
The maximum TQQQ drawdown since its inception was -81.66%, which is greater than TYD's maximum drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for TQQQ and TYD.
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Drawdown Indicators
| TQQQ | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.66% | -64.28% | -17.38% |
Max Drawdown (1Y)Largest decline over 1 year | -36.97% | -13.54% | -23.43% |
Max Drawdown (3Y)Largest decline over 3 years | -58.04% | -22.32% | -35.72% |
Max Drawdown (5Y)Largest decline over 5 years | -81.66% | -59.84% | -21.82% |
Max Drawdown (10Y)Largest decline over 10 years | -81.66% | -64.28% | -17.38% |
Current DrawdownCurrent decline from peak | -17.98% | -60.31% | +42.33% |
Average DrawdownAverage peak-to-trough decline | -18.48% | -22.22% | +3.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.36% | 6.24% | +6.12% |
Volatility
TQQQ vs. TYD - Volatility Comparison
ProShares UltraPro QQQ (TQQQ) has a higher volatility of 21.55% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 3.93%. This indicates that TQQQ'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
| TQQQ | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.55% | 3.93% | +17.62% |
Volatility (6M)Calculated over the trailing 6-month period | 46.54% | 10.30% | +36.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.95% | 13.80% | +42.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.83% | 22.92% | +44.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.46% | 20.20% | +46.26% |
TQQQ vs. TYD - Expense Ratio Comparison
TQQQ has a 0.95% expense ratio, which is lower than TYD's 1.09% expense ratio.
Dividends
TQQQ vs. TYD - Dividend Comparison
TQQQ's dividend yield for the trailing twelve months is around 0.53%, less than TYD's 3.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 0.53% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.38% | 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
TQQQ and TYD have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (21.55%) compared to TYD (3.93%). In terms of maximum drawdown, TQQQ dropped -81.66% vs TYD's -64.28%.
On 10-year performance, TQQQ leads with 41.33% vs -5.55% for TYD. On fees, TQQQ is cheaper at 0.95% per year. On volatility, TYD has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TQQQ has performed better with a 41.33% return vs -5.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TQQQ is cheaper with a 0.95% expense ratio, compared with 1.09% for TYD.
TYD has the higher dividend yield at 3.38%, compared with 0.53% for TQQQ.
TQQQ is categorized as Leveraged Equities, while TYD is Leveraged Bonds. TQQQ tracks NASDAQ-100 Index (300%), 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 TQQQ and 1.09% for TYD.
TQQQ currently has the higher Sharpe Ratio (1.13 vs -0.29), 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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