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Launched · SEC filings

Direxion Daily 7-10 Year Treasury Bull 3X ETF

TYDNYSE ArcaDirexionDThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$21.16−0.57 (−2.63%)

As of Nov 10, 2026, 11:20 AM ET

D33/ 100

Rank 24 of 31 in 3x Leveraged Long

D33/100Rank 24 of 31in3x Leveraged Long
Intraday session: down, 23 prints from 21.73 to 21.16. Range 21.16 to 21.31. Use the arrow keys to read each point.21.3021.4021.5021.6010 AM12 PM2 PM4 PM
Expense ratio
1.07%*
Fund size
$31M
1Y total return
−13.7%
Yield · Last 12 months
3.76%
Holdings
8
Avg volume · 30D
28.2K sh
52W range
low $19.58high $26.76
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 1, 2027. Without it: 1.08%.

The ETF.net TYD Grade

Based on 5 of 6 pillars

D

Score 33 out of 100

Category
3x Leveraged Long⁠
Rank
24 of 31
Six-pillar profile for TYD. Scores out of 100: Cost 13, Risk 61, Mission not scored, Tradability 42, Holdings 100, Durability 41. Strongest: Holdings (100). Weakest: Cost (13). Based on 5 of 6 pillars.

Score 33 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F13 out of 100
    Rank 27 of 31

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B61 out of 100
    Rank 11 of 31

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C42 out of 100
    Rank 19 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A100 out of 100
    Rank 1 of 5

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C41 out of 100
    Rank 21 of 31

Our read on TYD

ETF.net Research

In short

DLeveraged Treasury trading mostly crowds the long end. TYD aims for 300% of the daily move in the ICE U.S. Treasury 7-10 Year Bond Index instead: a 3x handle on the belly of the curve, running since 2009.

Stated mandate

The fund seeks daily investment results equal to 300% of the performance of the ICE U.S. Treasury 7-10 Year Bond Index, before fees and expenses.

Why people hold it

  • A rare 3x handle on the belly of the curve: 300% of the daily move in the ICE U.S. Treasury 7-10 Year Bond Index, while most leveraged bond action sits at the 20-year end.direxion.com
  • Trading since 2009, so the daily-reset machinery has run through QE, the taper tantrum and the 2022 rate shock in full public view.
  • Exposure comes from swaps and futures tied to an all-Treasury index, so no corporate credit sits underneath. Distributions go out quarterly.sec.gov
  • Direxion runs a mirror-image bear fund on the same index, so the same 7-10 year view can be expressed in either direction.direxion.com

Worth knowing

  • Fee runs 1.07% net of a waiver through September 1, 2027 (1.08% gross), above the typical 3x fund and above sibling TMF, at 0.90% net of a waiver through September 1, 2027.
  • Leverage resets every day. Hold longer than a day and compounding takes over, so results can drift well away from 3x the index move over that stretch, especially in choppy markets.direxion.com
  • One of the smaller, more lightly traded corners of the leveraged shelf, which can mean wider spreads and more care needed when getting in or out.

TYD Performance

Launched Apr 16, 2009

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

TYD$8,630
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. TYD $8,630. SPY $11,339. Use the arrow keys to read each point.$8,000$10,000$12,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TYD. Periods over one year show the average yearly return.
PeriodTYD
Year to date−12.3%
1 month+8.4%
3 months−4.0%
1 year−13.7%
3 yearsper year−0.2%
5 yearsper year−14.5%
10 yearsper year−5.0%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TYD
YearReturn barTYD
2026 YTD−12.3%
2025+11.7%
2024−13.9%
2023−2.8%
2022−43.3%

TYD in the news

TYD Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
3.76%Last 12 months
Payout per share
$0.82Last 12 months
Last payment
$0.25 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 26 payments from 2017 to 2026 YTD. Mar 20, 2018 $0.09; Jun 19, 2018 $0.10; Sep 25, 2018 $0.12; Dec 27, 2018 $0.17; Mar 19, 2019 $0.11; Jun 25, 2019 $0.16; Sep 24, 2019 $0.09; Dec 23, 2019 $0.10; Mar 24, 2020 $0.07; Dec 10, 2020 $5.74; Dec 20, 2022 $0.16; Mar 21, 2023 $0.08; Jun 21, 2023 $0.22; Sep 19, 2023 $0.17; Dec 21, 2023 $0.29; Mar 19, 2024 $0.03; Jun 25, 2024 $0.25; Sep 24, 2024 $0.21; Dec 23, 2024 $0.24; Mar 25, 2025 $0.12; Jun 24, 2025 $0.19; Sep 23, 2025 $0.20; Dec 23, 2025 $0.25; Mar 24, 2026 $0.13; Jun 23, 2026 $0.20; Sep 22, 2026 $0.25. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.25
Jun 23, 2026Jun 30, 2026$0.20
Mar 24, 2026Mar 31, 2026$0.13
Dec 23, 2025Dec 31, 2025$0.25
Sep 23, 2025Sep 30, 2025$0.20
Jun 24, 2025Jul 1, 2025$0.19
Mar 25, 2025Apr 1, 2025$0.12
Dec 23, 2024Dec 31, 2024$0.24
Sep 24, 2024Oct 1, 2024$0.21
Jun 25, 2024Jul 2, 2024$0.25
Mar 19, 2024Mar 26, 2024$0.03
Dec 21, 2023Dec 29, 2023$0.29

See all 40 payments⁠

$10,000 in TYD 10 years ago paid $2,707 in dividends.⁠

TYD Risk

Risk pillarB61 out of 100Rank 11 of 31 in 3x Leveraged Long

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
19.9%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.06
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−59.1%
Trough Oct 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
3.48
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

TYD Cost

Compare TYD and SOXL

Overpaying vs SOXL, cheapest in 3x Leveraged Long

$5,333

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TYD 1.07%

    $19,815

  • SOXL 0.75% Cheapest

    $14,482

$10,000
30 years

Cost over time

  • TYD 1.07%
  • SOXL 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TYD $19,815SOXL $14,482

Year by year

YearTYDSOXLOverpaying
10$1,881$1,336$545
20$7,046$5,078$1,968
30$19,815$14,482$5,333
How the 1.07% is worked out

Full fee 1.08%− waiver 0.01%= you pay 1.07%

The waiver ends Sep 1, 2027. After that the fee is 1.08% unless Direxion renews it. Source: prospectus, Mar 2026.

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