TYD vs. TTT
TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and TTT (UltraPro Short 20+ Year Treasury) are both Leveraged Bonds funds - TYD tracks the NYSE 7-10 Year Treasury Bond Index while TTT tracks the Barclays Capital U.S. 20+ Year Treasury Index (-300%). Both are passively managed. Over the past 10 years, TYD returned -5.35%/yr vs 0.59%/yr for TTT. At a correlation of -0.81, they often move in opposite directions. TYD charges 1.09%/yr vs 0.95%/yr for TTT.
Performance
TYD vs. TTT - Performance Comparison
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Returns By Period
In the year-to-date period, TYD achieves a -7.44% return, which is significantly lower than TTT's 7.59% return. Over the past 10 years, TYD has underperformed TTT with an annualized return of -5.35%, while TTT has yielded a comparatively higher 0.59% annualized return.
TYD
- 1D
- -0.30%
- 1M
- -2.72%
- 6M
- -7.62%
- YTD
- -7.44%
- 1Y
- -1.23%
- 3Y*
- -4.61%
- 5Y*
- -14.13%
- 10Y*
- -5.35%
TTT
- 1D
- 0.27%
- 1M
- 7.04%
- 6M
- 11.68%
- YTD
- 7.59%
- 1Y
- -2.74%
- 3Y*
- 10.58%
- 5Y*
- 22.85%
- 10Y*
- 0.59%
TYD vs. TTT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -7.44% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
TTT UltraPro Short 20+ Year Treasury | 7.59% | -7.89% | 38.07% | -11.25% | 150.17% | 2.55% | -54.12% | -34.88% | 6.34% | -25.87% |
Correlation
The correlation between TYD and TTT 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 TYD and TTT 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
TYD vs. TTT — Risk / Return Rank
TYD
TTT
TYD vs. TTT - 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 UltraPro Short 20+ Year Treasury (TTT). 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 | TTT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.01 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | -0.13 | +0.04 |
| Martin ratioReturn relative to average drawdown | -0.20 | -0.23 | +0.03 |
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Drawdowns
TYD vs. TTT - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, smaller than the maximum TTT drawdown of -94.00%. Use the drawdown chart below to compare losses from any high point for TYD and TTT.
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Drawdown Indicators
| TYD | TTT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -94.00% | +29.72% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -21.80% | +8.26% |
Max Drawdown (3Y)Largest decline over 3 years | -23.96% | -49.69% | +25.73% |
Max Drawdown (5Y)Largest decline over 5 years | -59.84% | -49.69% | -10.15% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | -81.76% | +17.48% |
Current DrawdownCurrent decline from peak | -59.77% | -77.44% | +17.67% |
Average DrawdownAverage peak-to-trough decline | -22.19% | -70.41% | +48.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.09% | 12.09% | -6.00% |
Volatility
TYD vs. TTT - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 4.31%, while UltraPro Short 20+ Year Treasury (TTT) has a volatility of 7.56%. This indicates that TYD experiences smaller price fluctuations and is considered to be less risky than TTT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYD | TTT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 7.56% | -3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 10.33% | 20.24% | -9.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 27.84% | -14.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.96% | 46.91% | -23.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.20% | 43.16% | -22.96% |
TYD vs. TTT - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than TTT's 0.95% expense ratio.
Dividends
TYD vs. TTT - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.33%, less than TTT's 9.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TTT UltraPro Short 20+ Year Treasury | 9.01% | 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 | 3.33% | 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 TTT 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 (7.56%) compared to TYD (4.31%). In terms of maximum drawdown, TYD dropped -64.28% vs TTT's -94.00%.
On 10-year performance, TTT leads with 0.59% vs -5.35% for TYD. On fees, TTT is cheaper at 0.95% per year. On volatility, TYD has been the lower-risk option at 4.31%. 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 0.59% return vs -5.35%. 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 9.01%, compared with 3.33% for TYD.
TYD tracks NYSE 7-10 Year Treasury Bond Index, while TTT tracks Barclays Capital U.S. 20+ Year Treasury Index (-300%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.09% for TYD and 0.95% for TTT.
TYD currently has the higher Sharpe Ratio (-0.09 vs -0.10), 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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