TYD vs. UJB
TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and UJB (ProShares Ultra High Yield) are both Leveraged Bonds funds - TYD tracks the NYSE 7-10 Year Treasury Bond Index while UJB tracks the Markit iBoxx $ Liquid High Yield Index. Both are passively managed. Over the past 10 years, TYD returned -5.77%/yr vs 5.73%/yr for UJB. Their 0.10 correlation means their historical movements had little consistent relationship. TYD charges 1.09%/yr vs 0.95%/yr for UJB.
Performance
TYD vs. UJB - Performance Comparison
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Returns By Period
In the year-to-date period, TYD achieves a -10.03% return, which is significantly lower than UJB's 0.45% return. Over the past 10 years, TYD has underperformed UJB with an annualized return of -5.77%, while UJB has yielded a comparatively higher 5.73% annualized return.
TYD
- 1D
- -1.01%
- 1M
- -4.64%
- 6M
- -8.59%
- YTD
- -10.03%
- 1Y
- -8.85%
- 3Y*
- -3.83%
- 5Y*
- -14.92%
- 10Y*
- -5.77%
- ALL TIME*
- 0.87%
UJB
- 1D
- -0.01%
- 1M
- -0.97%
- 6M
- -0.35%
- YTD
- 0.45%
- 1Y
- 5.21%
- 3Y*
- 10.75%
- 5Y*
- 2.55%
- 10Y*
- 5.73%
- ALL TIME*
- 6.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $420.72K | $411.37K | $510.43K | |
| $1.43M | $2.11M | $1.51M |
TYD vs. UJB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -10.03% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
UJB ProShares Ultra High Yield | 0.45% | 12.22% | 9.41% | 17.70% | -23.27% | 6.96% | 5.19% | 26.68% | -6.08% | 11.77% |
Correlation
The correlation between TYD and UJB is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2011 | 0.10 |
Over the past year, TYD and UJB have become more correlated (0.51) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
TYD vs. UJB — Risk / Return Rank
TYD
UJB
TYD vs. UJB - 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 Ultra High Yield (UJB). 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 | UJB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.13 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 1.04 | -1.43 |
| Martin ratioReturn relative to average drawdown | -0.84 | 4.28 | -5.12 |
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Drawdowns
TYD vs. UJB - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, which is greater than UJB's maximum drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for TYD and UJB.
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Drawdown Indicators
| TYD | UJB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -40.14% | -24.14% |
Max Drawdown (1Y)Largest decline over 1 year | -14.41% | -5.01% | -9.40% |
Max Drawdown (3Y)Largest decline over 3 years | -22.32% | -9.47% | -12.85% |
Max Drawdown (5Y)Largest decline over 5 years | -59.80% | -30.14% | -29.66% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | -40.14% | -24.14% |
Current DrawdownCurrent decline from peak | -60.90% | -1.30% | -59.60% |
Average DrawdownAverage peak-to-trough decline | -22.29% | -6.11% | -16.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.69% | 1.22% | +5.47% |
Volatility
TYD vs. UJB - Volatility Comparison
Direxion Daily 7-10 Year Treasury Bull 3X (TYD) has a higher volatility of 3.45% compared to ProShares Ultra High Yield (UJB) at 1.57%. This indicates that TYD's price experiences larger fluctuations and is considered to be riskier than UJB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYD | UJB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 1.57% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 10.38% | 6.01% | +4.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.68% | 7.33% | +6.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 14.67% | +8.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.18% | 17.58% | +2.60% |
TYD vs. UJB - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than UJB's 0.95% expense ratio.
Dividends
TYD vs. UJB - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.43%, more than UJB's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.43% | 2.97% | 3.10% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.65% |
UJB ProShares Ultra High Yield | 3.21% | 2.61% | 3.02% | 3.92% | 0.05% | 0.63% | 2.88% | 3.95% | 3.22% | 2.67% | 2.35% | 3.62% |
Frequently Asked Questions
TYD and UJB have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TYD has higher volatility (3.45%) compared to UJB (1.57%). In terms of maximum drawdown, TYD dropped -64.28% vs UJB's -40.14%.
On 10-year performance, UJB leads with 5.73% vs -5.77% for TYD. On fees, UJB is cheaper at 0.95% per year. On volatility, UJB has been the lower-risk option at 1.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UJB has performed better with a 5.73% return vs -5.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UJB is cheaper with a 0.95% expense ratio, compared with 1.09% for TYD.
TYD has the higher dividend yield at 3.43%, compared with 3.21% for UJB.
TYD tracks NYSE 7-10 Year Treasury Bond Index, while UJB tracks Markit iBoxx $ Liquid High Yield Index. They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.09% for TYD and 0.95% for UJB.
UJB currently has the higher Sharpe Ratio (0.71 vs -0.41), 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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