TYD vs. TQQQ
TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and TQQQ (ProShares UltraPro QQQ) are both exchange-traded funds - TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index, while TQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (300%). Both are passively managed. Over the past 10 years, TYD returned -5.34%/yr vs 45.48%/yr for TQQQ. At a correlation of -0.15, they often move in opposite directions. TYD charges 1.09%/yr vs 0.95%/yr for TQQQ.
Performance
TYD vs. TQQQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TYD achieves a -7.02% return, which is significantly lower than TQQQ's 41.43% return. Over the past 10 years, TYD has underperformed TQQQ with an annualized return of -5.34%, while TQQQ has yielded a comparatively higher 45.48% annualized return.
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%
TQQQ
- 1D
- -9.86%
- 1M
- -4.37%
- YTD
- 41.43%
- 6M
- 35.75%
- 1Y
- 100.69%
- 3Y*
- 58.02%
- 5Y*
- 21.47%
- 10Y*
- 45.48%
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 | -7.02% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
TQQQ ProShares UltraPro QQQ | 41.43% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
Correlation
The correlation between TYD and TQQQ is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
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 TYD and TQQQ shifts across timeframes, from -0.15 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
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.
| TYD | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.30 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 2.74 | -2.95 |
| Martin ratioReturn relative to average drawdown | -0.52 | 8.72 | -9.24 |
Loading charts...
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.
Loading charts...
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 | -13.54% | -36.97% | +23.43% |
Max Drawdown (3Y)Largest decline over 3 years | -24.62% | -58.04% | +33.42% |
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 | -59.59% | -14.65% | -44.94% |
Average DrawdownAverage peak-to-trough decline | -22.05% | -18.49% | -3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 11.59% | -6.05% |
Volatility
TYD vs. TQQQ - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 4.04%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 27.27%. 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.
Loading charts...
Volatility by Period
| TYD | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 27.27% | -23.23% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 43.35% | -33.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.85% | 53.39% | -39.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.98% | 67.41% | -44.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.33% | 66.32% | -45.99% |
TYD vs. TQQQ - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Dividends
TYD vs. TQQQ - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.26%, more than TQQQ's 0.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 0.42% | 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 | 3.26% | 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
TYD and TQQQ have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQQQ has higher volatility (27.27%) compared to TYD (4.04%). In terms of maximum drawdown, TYD dropped -64.28% vs TQQQ's -81.66%.
On 10-year performance, TQQQ leads with 45.48% vs -5.34% for TYD. On fees, TQQQ 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, TQQQ has performed better with a 45.48% return vs -5.34%. 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 3.26%, compared with 0.42% for TQQQ.
TYD is categorized as Leveraged Bonds, while TQQQ is Leveraged Equities. TYD tracks NYSE 7-10 Year Treasury Bond Index, while TQQQ tracks NASDAQ-100 Index (300%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.09% for TYD and 0.95% for TQQQ.
TQQQ currently has the higher Sharpe Ratio (1.90 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.
Find the right allocation for TYD and TQQQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer