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TYD vs. TTT
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TYD vs. TTT

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily 7-10 Year Treasury Bull 3X (TYD) and UltraPro Short 20+ Year Treasury (TTT).

TYD and TTT 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. 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. Both TYD and TTT 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. TTT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily 7-10 Year Treasury Bull 3X (TYD) and UltraPro Short 20+ Year Treasury (TTT). The values are adjusted to include any dividend payments, if applicable.

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TYD vs. TTT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
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%

Returns By Period

In the year-to-date period, TYD achieves a -3.07% return, which is significantly lower than TTT's 1.05% return. Over the past 10 years, TYD has underperformed TTT with an annualized return of -4.44%, while TTT has yielded a comparatively higher -2.26% 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%

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Direxion Daily 7-10 Year Treasury Bull 3X

UltraPro Short 20+ Year Treasury

Often compared with TYD:
TYD vs. TMFTYD vs. TYOTYD vs. EDVTYD vs. UJBTYD vs. QQQTYD vs. SPYTYD vs. PEX
Often compared with TTT:
TTT vs. TMFTTT vs. TBTTTT vs. TLTTTT vs. TMVTTT vs. TBFTTT vs. PFIXTTT vs. SPY

TYD vs. TTT - Expense Ratio Comparison

TYD has a 1.09% expense ratio, which is higher than TTT's 0.95% expense ratio.

TYD
Direxion Daily 7-10 Year Treasury Bull 3X
TTT
UltraPro Short 20+ Year Treasury

Return for Risk

TYD vs. TTT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TYD
TYD Risk / Return Rank: 1212
Overall Rank
TYD Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
TYD Sortino Ratio Rank: 1111
Sortino Ratio Rank
TYD Omega Ratio Rank: 1111
Omega Ratio Rank
TYD Calmar Ratio Rank: 1313
Calmar Ratio Rank
TYD Martin Ratio Rank: 1313
Martin Ratio Rank
TTT
TTT Risk / Return Rank: 1818
Overall Rank
TTT Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
TTT Sortino Ratio Rank: 2222
Sortino Ratio Rank
TTT Omega Ratio Rank: 1919
Omega Ratio Rank
TTT Calmar Ratio Rank: 1717
Calmar Ratio Rank
TTT Martin Ratio Rank: 1515
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

TYDTTTDifference

Sharpe ratio

Return per unit of total volatility

-0.03

0.22

-0.24

Sortino ratio

Return per unit of downside risk

0.08

0.57

-0.50

Omega ratio

Gain probability vs. loss probability

1.01

1.06

-0.06

Calmar ratio

Return relative to maximum drawdown

0.04

0.20

-0.15

Martin ratio

Return relative to average drawdown

0.09

0.34

-0.24

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TYD vs. TTT - Sharpe Ratio Comparison

The current TYD Sharpe Ratio is -0.03, which is lower than the TTT Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of TYD and TTT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

TYDTTTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.03

0.22

-0.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.51

0.32

-0.83

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.22

-0.05

-0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.06

-0.24

+0.30

Correlation

The correlation between TYD and TTT is -0.81. 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. TTT - Dividend Comparison

TYD's dividend yield for the trailing twelve months is around 3.12%, less than TTT's 9.57% yield.

TTM20252024202320222021202020192018201720162015
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%
TTT
UltraPro Short 20+ Year Treasury		9.57%9.87%4.86%12.15%0.34%0.00%0.29%1.88%0.44%0.00%0.00%0.00%

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

TYDTTTDifference

Max Drawdown

Largest peak-to-trough decline

-64.28%

-94.00%

+29.72%

Max Drawdown (1Y)

Largest decline over 1 year

-10.99%

-25.97%

+14.98%

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 Drawdown

Current decline from peak

-57.87%

-78.81%

+20.94%

Average Drawdown

Average peak-to-trough decline

-21.57%

-70.26%

+48.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.18%

15.07%

-9.89%

Volatility

TYD vs. TTT - Volatility Comparison

The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 5.53%, while UltraPro Short 20+ Year Treasury (TTT) has a volatility of 10.81%. 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

TYDTTTDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.53%

10.81%

-5.28%

Volatility (6M)

Calculated over the trailing 6-month period

9.59%

19.73%

-10.14%

Volatility (1Y)

Calculated over the trailing 1-year period

16.22%

34.37%

-18.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.96%

47.26%

-24.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.47%

43.47%

-23.00%