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 7.33%/yr vs -5.46%/yr for TYD. At a correlation of -0.18, they often move in opposite directions. 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 54.65% return, which is significantly higher than TYD's -7.80% return. Over the past 10 years, URTY has outperformed TYD with an annualized return of 7.33%, while TYD has yielded a comparatively lower -5.46% annualized return.
URTY
- 1D
- 1.05%
- 1M
- 1.17%
- 6M
- 30.03%
- YTD
- 54.65%
- 1Y
- 91.38%
- 3Y*
- 24.04%
- 5Y*
- -3.02%
- 10Y*
- 7.33%
TYD
- 1D
- 0.55%
- 1M
- -2.12%
- 6M
- -7.87%
- YTD
- -7.80%
- 1Y
- -2.06%
- 3Y*
- -4.59%
- 5Y*
- -14.21%
- 10Y*
- -5.46%
URTY vs. TYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
URTY ProShares UltraPro Russell2000 | 54.65% | 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 | -7.80% | 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 0.26, 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 | 0.20 |
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 URTY and TYD shifts across timeframes, from -0.18 (all time) to 0.26 (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 | +1.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.99 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | -0.15 | +2.97 |
| Martin ratioReturn relative to average drawdown | 9.24 | -0.34 | +9.58 |
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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% | -13.54% | -19.02% |
Max Drawdown (3Y)Largest decline over 3 years | -65.85% | -23.96% | -41.89% |
Max Drawdown (5Y)Largest decline over 5 years | -82.76% | -59.84% | -22.92% |
Max Drawdown (10Y)Largest decline over 10 years | -88.09% | -64.28% | -23.81% |
Current DrawdownCurrent decline from peak | -36.33% | -59.93% | +23.60% |
Average DrawdownAverage peak-to-trough decline | -34.79% | -22.17% | -12.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.94% | 6.00% | +3.94% |
Volatility
URTY vs. TYD - Volatility Comparison
ProShares UltraPro Russell2000 (URTY) has a higher volatility of 11.66% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 4.25%. 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 | 11.66% | 4.25% | +7.41% |
Volatility (6M)Calculated over the trailing 6-month period | 42.38% | 10.31% | +32.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.32% | 13.82% | +44.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.52% | 22.97% | +44.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.23% | 20.20% | +49.03% |
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 0.77%, less than TYD's 3.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.35% | 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 | 0.77% | 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 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URTY has higher volatility (11.66%) compared to TYD (4.25%). In terms of maximum drawdown, URTY dropped -88.09% vs TYD's -64.28%.
On 10-year performance, URTY leads with 7.33% vs -5.46% for TYD. On fees, URTY is cheaper at 0.95% per year. On volatility, TYD has been the lower-risk option at 4.25%. 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 7.33% return vs -5.46%. 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 3.35%, compared with 0.77% 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 (1.58 vs -0.15), 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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