URTY vs. TYD
URTY (ProShares UltraPro Russell2000) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both exchange-traded funds - URTY is a Leveraged Equities fund tracking the Russell 2000 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, URTY returned 6.75%/yr vs -5.67%/yr for TYD. Their -0.18 correlation means they have often moved in opposite directions in the past. URTY charges 0.95%/yr vs 1.09%/yr for TYD.
Performance
URTY vs. TYD - Performance Comparison
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Returns By Period
In the year-to-date period, URTY achieves a 55.97% return, which is significantly higher than TYD's -9.55% return. Over the past 10 years, URTY has outperformed TYD with an annualized return of 6.75%, while TYD has yielded a comparatively lower -5.67% annualized return.
URTY
- 1D
- 5.14%
- 1M
- -2.55%
- 6M
- 31.22%
- YTD
- 55.97%
- 1Y
- 118.59%
- 3Y*
- 23.05%
- 5Y*
- -2.82%
- 10Y*
- 6.75%
- ALL TIME*
- 14.07%
TYD
- 1D
- 0.53%
- 1M
- -4.13%
- 6M
- -7.55%
- YTD
- -9.55%
- 1Y
- -8.36%
- 3Y*
- -3.71%
- 5Y*
- -15.05%
- 10Y*
- -5.67%
- ALL TIME*
- 0.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $422.10K | $413.29K | $510.67K | |
| $35.77M | $36.50M | $68.68M |
URTY vs. TYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
URTY ProShares UltraPro Russell2000 | 55.97% | 9.26% | 7.38% | 24.43% | -62.81% | 28.47% | -7.72% | 72.37% | -39.59% | 38.85% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -9.55% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
Correlation
The correlation between URTY and TYD is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | -0.18 |
The correlation between URTY and TYD shifts across timeframes, from -0.18 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
URTY vs. TYD — Risk / Return Rank
URTY
TYD
URTY vs. TYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Russell2000 (URTY) 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.
| URTY | TYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.70 | ||
| Sortino ratioReturn per unit of downside risk | +3.37 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.91 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | -0.58 | +4.25 |
| Martin ratioReturn relative to average drawdown | 12.00 | -1.24 | +13.24 |
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Drawdowns
URTY vs. TYD - Drawdown Comparison
The maximum URTY drawdown since its inception was -88.09%, which is greater than TYD's maximum drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for URTY and TYD.
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Drawdown Indicators
| URTY | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.09% | -64.28% | -23.81% |
Max Drawdown (1Y)Largest decline over 1 year | -32.56% | -14.41% | -18.15% |
Max Drawdown (3Y)Largest decline over 3 years | -65.85% | -22.32% | -43.53% |
Max Drawdown (5Y)Largest decline over 5 years | -82.76% | -59.35% | -23.41% |
Max Drawdown (10Y)Largest decline over 10 years | -88.09% | -64.28% | -23.81% |
Current DrawdownCurrent decline from peak | -35.79% | -60.69% | +24.90% |
Average DrawdownAverage peak-to-trough decline | -34.80% | -22.30% | -12.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.92% | 6.75% | +3.17% |
Volatility
URTY vs. TYD - Volatility Comparison
ProShares UltraPro Russell2000 (URTY) has a higher volatility of 12.57% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 3.51%. This indicates that URTY'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
| URTY | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.57% | 3.51% | +9.06% |
Volatility (6M)Calculated over the trailing 6-month period | 42.24% | 10.39% | +31.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.90% | 13.25% | +44.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.36% | 22.92% | +44.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.28% | 20.17% | +49.11% |
URTY vs. TYD - Expense Ratio Comparison
URTY has a 0.95% expense ratio, which is lower than TYD's 1.09% expense ratio.
Dividends
URTY vs. TYD - Dividend Comparison
URTY's dividend yield for the trailing twelve months is around 0.76%, less than TYD's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.41% | 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
URTY and TYD have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URTY has higher volatility (12.57%) compared to TYD (3.51%). In terms of maximum drawdown, URTY dropped -88.09% vs TYD's -64.28%.
On 10-year performance, URTY leads with 6.75% vs -5.67% for TYD. On fees, URTY is cheaper at 0.95% per year. On volatility, TYD has been the lower-risk option at 3.51%. 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 6.75% return vs -5.67%. 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 3.41%, compared with 0.76% for URTY.
URTY is categorized as Leveraged Equities, while TYD is Leveraged Bonds. URTY tracks Russell 2000 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 URTY and 1.09% for TYD.
URTY currently has the higher Sharpe Ratio (2.06 vs -0.63), 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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