TTT vs. ^TYX

Last updated Jun 5, 2026

TTT (UltraPro Short 20+ Year Treasury) is Leveraged Bonds fund tracking the Barclays Capital U.S. 20+ Year Treasury Index (-300%), while ^TYX (Treasury Yield 30 Years) is an index. Over the past 10 years, TTT returned -1.46%/yr vs 6.94%/yr for ^TYX. Their correlation of 0.93 suggests significant overlap in exposure.

Performance

TTT vs. ^TYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UltraPro Short 20+ Year Treasury (TTT) and Treasury Yield 30 Years (^TYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TTT achieves a 3.08% return, which is significantly higher than ^TYX's 2.85% return. Over the past 10 years, TTT has underperformed ^TYX with an annualized return of -1.46%, while ^TYX has yielded a comparatively higher 6.94% annualized return.

TTT

• 1D: -0.49%
• 1M: -0.84%
• YTD: 3.08%
• 6M: 8.60%
• 1Y: -2.36%
• 3Y*: 9.59%
• 5Y*: 17.18%
• 10Y*: -1.46%

^TYX

• 1D: -0.24%
• 1M: -0.12%
• YTD: 2.85%
• 6M: 4.47%
• 1Y: 1.86%
• 3Y*: 8.57%
• 5Y*: 17.33%
• 10Y*: 6.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TTT vs. ^TYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TTT UltraPro Short 20+ Year Treasury	3.08%	-7.89%	38.07%	-11.25%	150.17%	2.55%	-54.12%	-34.88%	6.34%	-25.87%
^TYX Treasury Yield 30 Years	2.85%	1.13%	19.08%	1.11%	108.66%	15.74%	-31.10%	-20.89%	10.26%	-10.58%

Correlation

The correlation between TTT and ^TYX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Mar 30, 2012	0.93

The correlation between TTT and ^TYX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

Return for Risk

TTT vs. ^TYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TTT

TTT Risk / Return Rank: 8
TTT Sharpe Ratio Rank: 8
TTT Sortino Ratio Rank: 9
TTT Omega Ratio Rank: 9
TTT Calmar Ratio Rank: 8
TTT Martin Ratio Rank: 8

^TYX

^TYX Risk / Return Rank: 18
^TYX Sharpe Ratio Rank: 19
^TYX Sortino Ratio Rank: 17
^TYX Omega Ratio Rank: 17
^TYX Calmar Ratio Rank: 19
^TYX Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TTT vs. ^TYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UltraPro Short 20+ Year Treasury (TTT) and Treasury Yield 30 Years (^TYX). 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.

	TTT	^TYX	Difference
Sharpe ratio: Return per unit of total volatility	-0.08	0.15	-0.23
Sortino ratio: Return per unit of downside risk	0.09	0.30	-0.21
Omega ratio: Gain probability vs. loss probability	1.01	1.03	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.11	0.19	-0.30
Martin ratio: Return relative to average drawdown	-0.20	0.41	-0.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TTT vs. ^TYX - Sharpe Ratio Comparison

The current TTT Sharpe Ratio is -0.08, which is lower than the ^TYX Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of TTT and ^TYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TTT	^TYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.08	0.15	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.67	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.03	0.20	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	-0.23	-0.02	-0.21

Drawdowns

TTT vs. ^TYX - Drawdown Comparison

The maximum TTT drawdown since its inception was -94.00%, which is greater than ^TYX's maximum drawdown of -88.52%. Use the drawdown chart below to compare losses from any high point for TTT and ^TYX.

Drawdown Indicators

	TTT	^TYX	Difference
Max Drawdown Largest peak-to-trough decline	-94.00%	-88.52%	-5.48%
Max Drawdown (1Y) Largest decline over 1 year	-22.18%	-9.55%	-12.63%
Max Drawdown (3Y) Largest decline over 3 years	-49.69%	-22.85%	-26.84%
Max Drawdown (5Y) Largest decline over 5 years	-49.69%	-25.46%	-24.23%
Max Drawdown (10Y) Largest decline over 10 years	-81.76%	-72.86%	-8.90%
Current Drawdown Current decline from peak	-78.38%	-38.99%	-39.39%
Average Drawdown Average peak-to-trough decline	-70.36%	-45.96%	-24.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.77%	4.45%	+7.32%

Volatility

TTT vs. ^TYX - Volatility Comparison

UltraPro Short 20+ Year Treasury (TTT) has a higher volatility of 8.59% compared to Treasury Yield 30 Years (^TYX) at 3.58%. This indicates that TTT's price experiences larger fluctuations and is considered to be riskier than ^TYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TTT	^TYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.59%	3.58%	+5.01%
Volatility (6M) Calculated over the trailing 6-month period	19.49%	7.99%	+11.50%
Volatility (1Y) Calculated over the trailing 1-year period	29.26%	12.15%	+17.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.14%	25.06%	+22.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.38%	33.11%	+10.27%

Frequently Asked Questions

Can I hold both TTT and ^TYX in my portfolio?

With a correlation of 0.95, TTT and ^TYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TTT or ^TYX?

TTT has higher volatility (8.59%) compared to ^TYX (3.58%). In terms of maximum drawdown, TTT dropped -94.00% vs ^TYX's -88.52%.

Which has better risk-adjusted returns?

^TYX currently has the higher Sharpe Ratio (0.15 vs -0.08), 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.