TYD vs. URTY
TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and URTY (ProShares UltraPro Russell2000) are both exchange-traded funds - TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index, while URTY is a Leveraged Equities fund tracking the Russell 2000 Index (300%). Both are passively managed. Over the past 10 years, TYD returned -5.35%/yr vs 7.39%/yr for URTY. At a correlation of -0.18, they often move in opposite directions. TYD charges 1.09%/yr vs 0.95%/yr for URTY.
Performance
TYD vs. URTY - 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 URTY's 56.37% return. Over the past 10 years, TYD has underperformed URTY with an annualized return of -5.35%, while URTY has yielded a comparatively higher 7.39% 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%
URTY
- 1D
- -0.17%
- 1M
- 2.54%
- 6M
- 25.58%
- YTD
- 56.37%
- 1Y
- 99.74%
- 3Y*
- 23.18%
- 5Y*
- -2.06%
- 10Y*
- 7.39%
TYD vs. URTY - 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% |
URTY ProShares UltraPro Russell2000 | 56.37% | 9.26% | 7.38% | 24.43% | -62.81% | 28.47% | -7.72% | 72.37% | -39.59% | 38.85% |
Correlation
The correlation between TYD and URTY is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | -0.18 |
The correlation between TYD and URTY shifts across timeframes, from -0.18 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TYD vs. URTY — Risk / Return Rank
TYD
URTY
TYD vs. URTY - 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 Russell2000 (URTY). 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 | URTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.27 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 3.08 | -3.17 |
| Martin ratioReturn relative to average drawdown | -0.20 | 10.07 | -10.27 |
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Drawdowns
TYD vs. URTY - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, smaller than the maximum URTY drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for TYD and URTY.
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Drawdown Indicators
| TYD | URTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -88.09% | +23.81% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -32.56% | +19.02% |
Max Drawdown (3Y)Largest decline over 3 years | -23.96% | -65.85% | +41.89% |
Max Drawdown (5Y)Largest decline over 5 years | -59.84% | -82.76% | +22.92% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | -88.09% | +23.81% |
Current DrawdownCurrent decline from peak | -59.77% | -35.62% | -24.15% |
Average DrawdownAverage peak-to-trough decline | -22.19% | -34.79% | +12.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.09% | 9.94% | -3.85% |
Volatility
TYD vs. URTY - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 4.31%, while ProShares UltraPro Russell2000 (URTY) has a volatility of 11.21%. This indicates that TYD experiences smaller price fluctuations and is considered to be less risky than URTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYD | URTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 11.21% | -6.90% |
Volatility (6M)Calculated over the trailing 6-month period | 10.33% | 42.37% | -32.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 57.99% | -44.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.96% | 67.50% | -44.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.20% | 69.20% | -49.00% |
TYD vs. URTY - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than URTY's 0.95% expense ratio.
Dividends
TYD vs. URTY - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.33%, more than URTY's 0.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
URTY ProShares UltraPro Russell2000 | 0.76% | 1.02% | 1.16% | 0.55% | 0.28% | 0.00% | 0.00% | 0.18% | 0.28% | 0.00% | 0.03% | 0.00% |
Frequently Asked Questions
TYD and URTY have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URTY has higher volatility (11.21%) compared to TYD (4.31%). In terms of maximum drawdown, TYD dropped -64.28% vs URTY's -88.09%.
On 10-year performance, URTY leads with 7.39% vs -5.35% for TYD. On fees, URTY 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, URTY has performed better with a 7.39% return vs -5.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
URTY is cheaper with a 0.95% expense ratio, compared with 1.09% for TYD.
TYD has the higher dividend yield at 3.33%, compared with 0.76% for URTY.
TYD is categorized as Leveraged Bonds, while URTY is Leveraged Equities. TYD tracks NYSE 7-10 Year Treasury Bond Index, while URTY tracks Russell 2000 Index (300%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.09% for TYD and 0.95% for URTY.
URTY currently has the higher Sharpe Ratio (1.73 vs -0.09), 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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