TTT vs. TYD
TTT (UltraPro Short 20+ Year Treasury) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both Leveraged Bonds funds - TTT tracks the Barclays Capital U.S. 20+ Year Treasury Index (-300%) while TYD tracks the NYSE 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 10 years, TTT returned -0.85%/yr vs -5.34%/yr for TYD. At a correlation of -0.81, they often move in opposite directions. TTT charges 0.95%/yr vs 1.09%/yr for TYD.
Performance
TTT vs. TYD - Performance Comparison
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Returns By Period
In the year-to-date period, TTT achieves a 0.59% return, which is significantly higher than TYD's -7.02% return. Over the past 10 years, TTT has outperformed TYD with an annualized return of -0.85%, while TYD has yielded a comparatively lower -5.34% annualized return.
TTT
- 1D
- -0.36%
- 1M
- -6.09%
- YTD
- 0.59%
- 6M
- 2.13%
- 1Y
- -4.00%
- 3Y*
- 10.12%
- 5Y*
- 18.57%
- 10Y*
- -0.85%
TYD
- 1D
- -0.47%
- 1M
- 0.30%
- YTD
- -7.02%
- 6M
- -7.06%
- 1Y
- -2.87%
- 3Y*
- -4.91%
- 5Y*
- -13.23%
- 10Y*
- -5.34%
TTT vs. TYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TTT UltraPro Short 20+ Year Treasury | 0.59% | -7.89% | 38.07% | -11.25% | 150.17% | 2.55% | -54.12% | -34.88% | 6.34% | -25.87% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -7.02% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
Correlation
The correlation between TTT and TYD is -0.88, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.85 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2012 | -0.81 |
The correlation between TTT and TYD shifts across timeframes, from -0.92 (3 years) to -0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TTT vs. TYD — Risk / Return Rank
TTT
TYD
TTT vs. TYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UltraPro Short 20+ Year Treasury (TTT) 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.
| TTT | TYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.98 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | -0.21 | +0.03 |
| Martin ratioReturn relative to average drawdown | -0.34 | -0.52 | +0.18 |
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Drawdowns
TTT vs. TYD - Drawdown Comparison
The maximum TTT drawdown since its inception was -94.00%, which is greater than TYD's maximum drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for TTT and TYD.
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Drawdown Indicators
| TTT | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.00% | -64.28% | -29.72% |
Max Drawdown (1Y)Largest decline over 1 year | -22.18% | -13.54% | -8.64% |
Max Drawdown (3Y)Largest decline over 3 years | -49.69% | -24.62% | -25.07% |
Max Drawdown (5Y)Largest decline over 5 years | -49.69% | -59.84% | +10.15% |
Max Drawdown (10Y)Largest decline over 10 years | -81.76% | -64.28% | -17.48% |
Current DrawdownCurrent decline from peak | -78.91% | -59.59% | -19.32% |
Average DrawdownAverage peak-to-trough decline | -70.37% | -22.05% | -48.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.89% | 5.54% | +6.35% |
Volatility
TTT vs. TYD - Volatility Comparison
UltraPro Short 20+ Year Treasury (TTT) has a higher volatility of 6.36% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 4.04%. This indicates that TTT'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
| TTT | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 4.04% | +2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 19.77% | 9.96% | +9.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.33% | 13.85% | +14.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.02% | 22.98% | +24.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.32% | 20.33% | +22.99% |
TTT vs. TYD - Expense Ratio Comparison
TTT has a 0.95% expense ratio, which is lower than TYD's 1.09% expense ratio.
Dividends
TTT vs. TYD - Dividend Comparison
TTT's dividend yield for the trailing twelve months is around 9.61%, more than TYD's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TTT UltraPro Short 20+ Year Treasury | 9.61% | 9.87% | 4.86% | 12.15% | 0.34% | 0.00% | 0.29% | 1.88% | 0.44% | 0.00% | 0.00% | 0.00% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.26% | 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
TTT and TYD have a correlation of -0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TTT has higher volatility (6.36%) compared to TYD (4.04%). In terms of maximum drawdown, TTT dropped -94.00% vs TYD's -64.28%.
On 10-year performance, TTT leads with -0.85% vs -5.34% for TYD. On fees, TTT is cheaper at 0.95% per year. On volatility, TYD has been the lower-risk option at 4.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TTT has performed better with a -0.85% return vs -5.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TTT is cheaper with a 0.95% expense ratio, compared with 1.09% for TYD.
TTT has the higher dividend yield at 9.61%, compared with 3.26% for TYD.
TTT tracks Barclays Capital U.S. 20+ Year Treasury 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 TTT and 1.09% for TYD.
TTT currently has the higher Sharpe Ratio (-0.14 vs -0.21), 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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