UMDD vs. TYD
UMDD (ProShares UltraPro MidCap400) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both exchange-traded funds - UMDD is a Leveraged Equities fund tracking the S&P MidCap 400 Index (300%), while TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 10 years, UMDD returned 11.03%/yr vs -5.55%/yr for TYD. At a correlation of -0.19, they often move in opposite directions. UMDD charges 0.95%/yr vs 1.09%/yr for TYD.
Performance
UMDD vs. TYD - Performance Comparison
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Returns By Period
In the year-to-date period, UMDD achieves a 38.51% return, which is significantly higher than TYD's -8.67% return. Over the past 10 years, UMDD has outperformed TYD with an annualized return of 11.03%, while TYD has yielded a comparatively lower -5.55% annualized return.
UMDD
- 1D
- 3.00%
- 1M
- -1.43%
- 6M
- 22.31%
- YTD
- 38.51%
- 1Y
- 50.43%
- 3Y*
- 17.74%
- 5Y*
- 4.51%
- 10Y*
- 11.03%
- ALL TIME*
- 19.40%
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%
UMDD vs. TYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UMDD ProShares UltraPro MidCap400 | 38.51% | -2.57% | 19.68% | 27.21% | -49.60% | 72.27% | -17.30% | 78.90% | -40.29% | 49.17% |
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% |
Correlation
The correlation between UMDD and TYD is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
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 | -0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | -0.19 |
The correlation between UMDD and TYD shifts across timeframes, from -0.19 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UMDD vs. TYD — Risk / Return Rank
UMDD
TYD
UMDD vs. TYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro MidCap400 (UMDD) and Direxion Daily 7-10 Year Treasury Bull 3X (TYD). 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.
| UMDD | TYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.96 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | -0.29 | +2.24 |
| Martin ratioReturn relative to average drawdown | 6.43 | -0.64 | +7.07 |
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Drawdowns
UMDD vs. TYD - Drawdown Comparison
The maximum UMDD drawdown since its inception was -86.24%, which is greater than TYD's maximum drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for UMDD and TYD.
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Drawdown Indicators
| UMDD | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.24% | -64.28% | -21.96% |
Max Drawdown (1Y)Largest decline over 1 year | -26.04% | -13.54% | -12.50% |
Max Drawdown (3Y)Largest decline over 3 years | -60.33% | -22.32% | -38.01% |
Max Drawdown (5Y)Largest decline over 5 years | -64.61% | -59.84% | -4.77% |
Max Drawdown (10Y)Largest decline over 10 years | -86.24% | -64.28% | -21.96% |
Current DrawdownCurrent decline from peak | -5.90% | -60.31% | +54.41% |
Average DrawdownAverage peak-to-trough decline | -23.46% | -22.22% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.87% | 6.24% | +1.63% |
Volatility
UMDD vs. TYD - Volatility Comparison
ProShares UltraPro MidCap400 (UMDD) has a higher volatility of 10.22% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 3.93%. This indicates that UMDD's price experiences larger fluctuations and is considered to be riskier than TYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UMDD | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.22% | 3.93% | +6.29% |
Volatility (6M)Calculated over the trailing 6-month period | 35.30% | 10.30% | +25.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.25% | 13.80% | +33.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.69% | 22.92% | +35.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.10% | 20.20% | +41.90% |
UMDD vs. TYD - Expense Ratio Comparison
UMDD has a 0.95% expense ratio, which is lower than TYD's 1.09% expense ratio.
Dividends
UMDD vs. TYD - Dividend Comparison
UMDD's dividend yield for the trailing twelve months is around 0.67%, less than TYD's 3.38% 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% |
UMDD ProShares UltraPro MidCap400 | 0.67% | 1.00% | 0.76% | 0.19% | 0.49% | 0.06% | 0.08% | 0.64% | 0.32% | 0.00% | 0.03% | 0.06% |
Frequently Asked Questions
UMDD and TYD have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UMDD has higher volatility (10.22%) compared to TYD (3.93%). In terms of maximum drawdown, UMDD dropped -86.24% vs TYD's -64.28%.
On 10-year performance, UMDD leads with 11.03% vs -5.55% for TYD. On fees, UMDD 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, UMDD has performed better with a 11.03% return vs -5.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UMDD 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 0.67% for UMDD.
UMDD is categorized as Leveraged Equities, while TYD is Leveraged Bonds. UMDD tracks S&P MidCap 400 Index (300%), while TYD tracks NYSE 7-10 Year Treasury Bond Index. They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for UMDD and 1.09% for TYD.
UMDD currently has the higher Sharpe Ratio (1.07 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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