Direxion Daily 7-10 Year Treasury Bull 3X ETF
DThis 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.
$20.17+0.10 (+0.48%)
- 1.08%
- $27M
- −20.7%
- 4.07%
- 0M sh
- $20.06
- low $19.58high $26.82
The ETF.net TYD Grade
D
Score 38 out of 100
- 21 of 31
Score 38 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.D27 out of 100Rank 22 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B62 out of 100Rank 9 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D38 out of 100Rank 20 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A100 out of 100Rank 1 of 3Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C41 out of 100Rank 20 of 31
Our read on TYD
DMost of the 3x shelf is a bet on stocks. TYD points the same daily-reset machinery at intermediate Treasuries, aiming for 300% of the daily move in the ICE U.S. Treasury 7-10 Year Bond Index. A rate trade, tripled.
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 pure duration lever: the stated aim is 300% of the daily move in the ICE U.S. Treasury 7-10 Year Bond Index. Government paper, no credit or equity exposure in the reference index.direxion.com
- At 1.08%, it undercuts UST, the other fund pinned to the same 7-10 year Treasury index, which charges 1.18%.
- Live since 2009, so the structure carries real operating history rather than a fresh-off-the-launchpad ticker.
Worth knowing
- The 3x target resets every day. Over longer holds compounding takes the wheel, and results can land well away from 3x the index move, especially in choppy rate markets.
- It trades lightly next to the headline equity leverage funds, so spreads can be wider and order size shows up in the fill.
- The 1.08% fee sits a touch above the typical leveraged fund, and distributions come quarterly rather than monthly.
TYD Holdings
- Bonds
- 8
- 100%
- Ief Swap Asset Leg (Iefjpl)
Sectors
- Financials100.0%
Geography
- United States100.00%
TYD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
TYD$7,930
Returns run to the Oct 12, 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.
| Period | TYD |
|---|---|
| Year to date | −19.0% |
| 1 month | −4.9% |
| 3 months | −12.4% |
| 1 year | −20.7% |
| 3 years | −2.3% |
| 5 years | −15.4% |
| 10 years | −6.3% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TYD |
|---|---|---|
| 2026 YTD | −19.0% | |
| 2025 | +11.7% | |
| 2024 | −13.9% | |
| 2023 | −2.8% | |
| 2022 | −43.3% | |
| 2021 | −11.4% | |
| 2020 | +27.5% |
TYD in the news
TYD Dividends
- 4.07%
- $0.82
- $0.25 per share
- Quarterly
Distribution history
TYD Risk
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.
- 19.7%
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.
- −0.33
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.
- −59.1%
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.
- 3.48
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TYD Cost
1.08%
TYD1.08%
- The middle half of 3x Leveraged Long funds
- Median 0.98%
21 of the 30 3x Leveraged Long funds charge less.
Other funds in 3x Leveraged Long
- DEURLDirexion Daily FTSE Europe Bull 3X ETFExpense ratio 1.05%1 year return +15.4%
- DHIBLDirexion Daily S&P 500 High Beta Bull 3X ETFExpense ratio 1.01%1 year return +105.4%
- DEDCDirexion Daily MSCI Emerging Markets Bull 3X SharesExpense ratio 1.12%1 year return +60.9%
- DWANTDirexion Daily Consumer Discretionary Bull 3X ETFExpense ratio 1.03%1 year return −21.8%
- DKORUDirexion Daily MSCI South Korea Bull 3X ETFExpense ratio 1.32%1 year return +197.0%