TYD vs. TQQQ
Compare and contrast key facts about Direxion Daily 7-10 Year Treasury Bull 3X (TYD) and ProShares UltraPro QQQ (TQQQ).
TYD and TQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TYD 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both TYD and TQQQ 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
TYD vs. TQQQ - Performance Comparison
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TYD vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -3.07% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
TQQQ ProShares UltraPro QQQ | -20.81% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
Returns By Period
In the year-to-date period, TYD achieves a -3.07% return, which is significantly higher than TQQQ's -20.81% return. Over the past 10 years, TYD has underperformed TQQQ with an annualized return of -4.44%, while TQQQ has yielded a comparatively higher 34.82% annualized return.
TYD
- 1D
- 0.45%
- 1M
- -7.75%
- YTD
- -3.07%
- 6M
- -3.16%
- 1Y
- -0.42%
- 3Y*
- -5.91%
- 5Y*
- -11.66%
- 10Y*
- -4.44%
TQQQ
- 1D
- 10.00%
- 1M
- -15.69%
- YTD
- -20.81%
- 6M
- -19.12%
- 1Y
- 46.49%
- 3Y*
- 45.09%
- 5Y*
- 12.72%
- 10Y*
- 34.82%
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TYD vs. TQQQ - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Return for Risk
TYD vs. TQQQ — Risk / Return Rank
TYD
TQQQ
TYD vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) and ProShares UltraPro QQQ (TQQQ). 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.
| TYD | TQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.03 | 0.69 | -0.72 |
Sortino ratioReturn per unit of downside risk | 0.08 | 1.37 | -1.30 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.19 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 0.04 | 1.25 | -1.21 |
Martin ratioReturn relative to average drawdown | 0.09 | 3.87 | -3.77 |
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
| TYD | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 0.69 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.51 | 0.19 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.22 | 0.53 | -0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 0.64 | -0.58 |
Correlation
The correlation between TYD and TQQQ is -0.16. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
TYD vs. TQQQ - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.12%, more than TQQQ's 0.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.12% | 2.97% | 3.10% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.65% |
TQQQ ProShares UltraPro QQQ | 0.76% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Drawdowns
TYD vs. TQQQ - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for TYD and TQQQ.
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Drawdown Indicators
| TYD | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -81.66% | +17.38% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -36.97% | +25.98% |
Max Drawdown (5Y)Largest decline over 5 years | -59.84% | -81.66% | +21.82% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | -81.66% | +17.38% |
Current DrawdownCurrent decline from peak | -57.87% | -30.66% | -27.21% |
Average DrawdownAverage peak-to-trough decline | -21.57% | -18.66% | -2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.18% | 12.00% | -6.82% |
Volatility
TYD vs. TQQQ - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 5.53%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 19.43%. This indicates that TYD experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYD | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 19.43% | -13.90% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 38.32% | -28.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.22% | 67.26% | -51.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.96% | 66.55% | -43.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.47% | 65.83% | -45.36% |