TTT vs. TYO
Compare and contrast key facts about UltraPro Short 20+ Year Treasury (TTT) and Direxion Daily 7-10 Year Treasury Bear 3X (TYO).
TTT and TYO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TTT is a passively managed fund by ProShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Index (-300%). It was launched on Mar 27, 2012. TYO is a passively managed fund by Direxion that tracks the performance of the NYSE 7-10 Year Treasury Bond Index. It was launched on Apr 16, 2009. Both TTT and TYO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
TTT vs. TYO - Performance Comparison
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TTT vs. TYO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TTT UltraPro Short 20+ Year Treasury | 1.05% | -7.89% | 38.07% | -11.25% | 150.17% | 2.55% | -54.12% | -34.88% | 6.34% | -25.87% |
TYO Direxion Daily 7-10 Year Treasury Bear 3X | 3.84% | -7.64% | 18.94% | 1.06% | 58.83% | 7.47% | -28.56% | -18.71% | -1.42% | -8.94% |
Returns By Period
In the year-to-date period, TTT achieves a 1.05% return, which is significantly lower than TYO's 3.84% return. Over the past 10 years, TTT has underperformed TYO with an annualized return of -2.26%, while TYO has yielded a comparatively higher 1.01% annualized return.
TTT
- 1D
- 0.49%
- 1M
- 14.15%
- YTD
- 1.05%
- 6M
- 6.63%
- 1Y
- 7.37%
- 3Y*
- 12.83%
- 5Y*
- 15.07%
- 10Y*
- -2.26%
TYO
- 1D
- -0.22%
- 1M
- 8.42%
- YTD
- 3.84%
- 6M
- 5.01%
- 1Y
- 3.53%
- 3Y*
- 8.35%
- 5Y*
- 10.58%
- 10Y*
- 1.01%
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TTT vs. TYO - Expense Ratio Comparison
TTT has a 0.95% expense ratio, which is lower than TYO's 1.08% expense ratio.
Return for Risk
TTT vs. TYO — Risk / Return Rank
TTT
TYO
TTT vs. TYO - 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 Bear 3X (TYO). 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 | TYO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.22 | 0.22 | 0.00 |
Sortino ratioReturn per unit of downside risk | 0.57 | 0.43 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.05 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.20 | 0.23 | -0.03 |
Martin ratioReturn relative to average drawdown | 0.34 | 0.38 | -0.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TTT | TYO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 0.22 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.46 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.05 | 0.05 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | -0.35 | +0.11 |
Correlation
The correlation between TTT and TYO is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TTT vs. TYO - Dividend Comparison
TTT's dividend yield for the trailing twelve months is around 9.57%, more than TYO's 2.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TTT UltraPro Short 20+ Year Treasury | 9.57% | 9.87% | 4.86% | 12.15% | 0.34% | 0.00% | 0.29% | 1.88% | 0.44% |
TYO Direxion Daily 7-10 Year Treasury Bear 3X | 2.93% | 3.69% | 4.22% | 3.62% | 0.09% | 0.00% | 0.36% | 1.58% | 0.32% |
Drawdowns
TTT vs. TYO - Drawdown Comparison
The maximum TTT drawdown since its inception was -94.00%, which is greater than TYO's maximum drawdown of -89.25%. Use the drawdown chart below to compare losses from any high point for TTT and TYO.
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Drawdown Indicators
| TTT | TYO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.00% | -89.25% | -4.75% |
Max Drawdown (1Y)Largest decline over 1 year | -25.97% | -11.86% | -14.11% |
Max Drawdown (5Y)Largest decline over 5 years | -49.69% | -24.40% | -25.29% |
Max Drawdown (10Y)Largest decline over 10 years | -81.76% | -52.21% | -29.55% |
Current DrawdownCurrent decline from peak | -78.81% | -78.07% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -70.26% | -71.03% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.07% | 7.10% | +7.97% |
Volatility
TTT vs. TYO - Volatility Comparison
UltraPro Short 20+ Year Treasury (TTT) has a higher volatility of 10.81% compared to Direxion Daily 7-10 Year Treasury Bear 3X (TYO) at 5.92%. This indicates that TTT's price experiences larger fluctuations and is considered to be riskier than TYO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TTT | TYO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.81% | 5.92% | +4.89% |
Volatility (6M)Calculated over the trailing 6-month period | 19.73% | 9.68% | +10.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.37% | 16.40% | +17.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.26% | 23.19% | +24.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.47% | 20.22% | +23.25% |