TYD vs. UDOW
TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and UDOW (ProShares UltraPro Dow30) are both exchange-traded funds - TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index, while UDOW is a Leveraged Equities fund tracking the Dow Jones Industrial Average (300%). Both are passively managed. Over the past 10 years, TYD returned -5.55%/yr vs 22.70%/yr for UDOW. At a correlation of -0.21, they often move in opposite directions. TYD charges 1.09%/yr vs 0.95%/yr for UDOW.
Performance
TYD vs. UDOW - Performance Comparison
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Returns By Period
In the year-to-date period, TYD achieves a -8.67% return, which is significantly lower than UDOW's 20.56% return. Over the past 10 years, TYD has underperformed UDOW with an annualized return of -5.55%, while UDOW has yielded a comparatively higher 22.70% annualized return.
TYD
- 1D
- -0.78%
- 1M
- -3.38%
- 6M
- -6.39%
- YTD
- -8.67%
- 1Y
- -3.97%
- 3Y*
- -4.77%
- 5Y*
- -14.54%
- 10Y*
- -5.55%
- ALL TIME*
- 0.96%
UDOW
- 1D
- 2.09%
- 1M
- 3.09%
- 6M
- 18.09%
- YTD
- 20.56%
- 1Y
- 47.16%
- 3Y*
- 31.22%
- 5Y*
- 14.35%
- 10Y*
- 22.70%
- ALL TIME*
- 26.28%
TYD vs. UDOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -8.67% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
UDOW ProShares UltraPro Dow30 | 20.56% | 24.46% | 28.47% | 32.72% | -32.39% | 65.67% | -17.15% | 75.24% | -23.86% | 99.07% |
Correlation
The correlation between TYD and UDOW is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | -0.21 |
The correlation between TYD and UDOW shifts across timeframes, from -0.21 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TYD vs. UDOW — Risk / Return Rank
TYD
UDOW
TYD vs. UDOW - 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 Dow30 (UDOW). 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 | UDOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.23 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 1.69 | -1.98 |
| Martin ratioReturn relative to average drawdown | -0.64 | 5.97 | -6.60 |
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Drawdowns
TYD vs. UDOW - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, smaller than the maximum UDOW drawdown of -80.29%. Use the drawdown chart below to compare losses from any high point for TYD and UDOW.
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Drawdown Indicators
| TYD | UDOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -80.29% | +16.01% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -28.07% | +14.53% |
Max Drawdown (3Y)Largest decline over 3 years | -22.32% | -44.83% | +22.51% |
Max Drawdown (5Y)Largest decline over 5 years | -59.84% | -55.79% | -4.05% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | -80.29% | +16.01% |
Current DrawdownCurrent decline from peak | -60.31% | -5.15% | -55.16% |
Average DrawdownAverage peak-to-trough decline | -22.22% | -14.30% | -7.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.24% | 7.93% | -1.69% |
Volatility
TYD vs. UDOW - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 3.93%, while ProShares UltraPro Dow30 (UDOW) has a volatility of 6.93%. This indicates that TYD experiences smaller price fluctuations and is considered to be less risky than UDOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYD | UDOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 6.93% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 10.30% | 28.83% | -18.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 36.63% | -22.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 44.17% | -21.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.20% | 51.70% | -31.50% |
TYD vs. UDOW - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than UDOW's 0.95% expense ratio.
Dividends
TYD vs. UDOW - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.38%, more than UDOW's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.38% | 2.97% | 3.10% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.65% |
UDOW ProShares UltraPro Dow30 | 1.12% | 1.38% | 0.95% | 0.95% | 0.83% | 0.26% | 0.19% | 0.61% | 0.73% | 0.13% | 0.26% | 0.21% |
Frequently Asked Questions
TYD and UDOW have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UDOW has higher volatility (6.93%) compared to TYD (3.93%). In terms of maximum drawdown, TYD dropped -64.28% vs UDOW's -80.29%.
On 10-year performance, UDOW leads with 22.70% vs -5.55% for TYD. On fees, UDOW is cheaper at 0.95% per year. On volatility, TYD has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UDOW has performed better with a 22.70% return vs -5.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UDOW is cheaper with a 0.95% expense ratio, compared with 1.09% for TYD.
TYD has the higher dividend yield at 3.38%, compared with 1.12% for UDOW.
TYD is categorized as Leveraged Bonds, while UDOW is Leveraged Equities. TYD tracks NYSE 7-10 Year Treasury Bond Index, while UDOW tracks Dow Jones Industrial Average (300%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.09% for TYD and 0.95% for UDOW.
UDOW currently has the higher Sharpe Ratio (1.29 vs -0.29), 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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