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TQQQ vs TYD

ProShares UltraPro QQQ

TQQQANasdaq

Direxion Daily 7-10 Year Treasury Bull 3X ETF

TYDDNYSE Arca

Overlap

Expense ratio

TQQQ −0.29pt a year

TQQQ0.78%TYD1.07%

Avg volume · 30D

TQQQ 2124.0×the volume

TQQQ60MTYD28.2K

10Y return · a year

TQQQ +41.7pt

TQQQ+36.7%TYD−5.0%

TQQQ vs TYD Performance

Nov 9, 2021 – Nov 9, 2026

+42.2%TQQQ−54.4%TYD

Nov 9, 2021 to Nov 9, 2026. TQQQ +42.2%. TYD −54.4%. Use the arrow keys to read each point.0%100%Nov 2021May 2024Nov 2026
Expense ratio
TQQQ 0.78%, better
TYD 1.07%
Fund size
TQQQ $29.1B
TYD $31M
1Y total return
TQQQ +9.7%, better
TYD −13.7%
Yield (12M)
TQQQ 0.84%
TYD 3.76%, better
Holdings
TQQQ 116
TYD 8
Avg volume (30D)
TQQQ 60M sh, better
TYD 28.2K sh
NAV per share
TQQQ $52.30
TYD $21.79
52W range

ETF.net Grade

TQQQ: Cost 97, Risk 47, Mission 83, Tradability 97, Holdings 59, Durability 79. TYD: Cost 13, Risk 61, Mission not scored, Tradability 42, Holdings 100, Durability 41.
Pillar letters and Scores for TQQQ, TYD, with each pillar’s weight
PillarTQQQTYD
Cost30% weightA97HigherF13
Mission25% weightA83Not scored
Risk15% weightC47B61Higher
Tradability15% weightA97HigherC42
Holdings10% weightB59A100Higher
Durability5% weightA79HigherC41

Rank among 3x Leveraged Long funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. TQQQ and TYD are both graded against the same 30 3x Leveraged Long funds, so their Grades compare head to head.

3x Leveraged Long⁠

Category · 30 funds
See all 30 ›

TQQQ ranks 1st and TYD 23rd of 30 funds in the 3x Leveraged Long Category.

  1. Rank 1ATQQQProShares UltraPro QQQScore 83
  2. Rank 2AFASDirexion Daily Financial Bull 3X ETFScore 80
  3. Rank 23DHIBLDirexion Daily S&P 500 High Beta Bull 3X ETFScore 33
  4. Rank 23DTYDDirexion Daily 7-10 Year Treasury Bull 3X ETFScore 33
  5. Rank 25DTPORDirexion Daily Transportation Bull 3X ETFScore 31

Our read on each fund

ETF.net Research

TQQQAProShares UltraPro QQQ

TYDDDirexion Daily 7-10 Year Treasury Bull 3X ETF

In short

TQQQ The original 3x Nasdaq-100 trade, live since 2010. Leverage resets every day, chasing three times the index's one-day move, and it is one of the most heavily traded names in its corner of the market.

TYD Leveraged 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

TQQQ The fund seeks daily investment results, before fees and expenses, equal to three times the daily performance of the Nasdaq-100 Index.

TYD 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

  • TQQQ Costs 0.78% net of a waiver through September 30, 2027 (0.94% gross), below the median fee for 3x bull funds and below stablemate UDOW at 0.94% with no waiver.
  • A multi-billion-dollar fund and one of the busiest tickers in the leveraged space, which matters when a daily-reset position needs to be entered or exited quickly.
  • Delivers its stated 3x daily target with close day-to-day fidelity, one of the stronger implementations among 3x bull funds.proshares.com
  • Straightforward plumbing: it rebalances exposure to the Nasdaq-100 each day, raising it as the index rises and cutting it as the index falls.sec.gov
  • TYD 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

  • TQQQ The prospectus is blunt: this seeks results for a single day only. Hold longer and compounding takes over, so multi-day results can land far from 3x the index move, especially in choppy tape.sec.gov
  • Triple exposure cuts both ways. A rough day for the Nasdaq-100 hits roughly three times as hard here, which is why this scores as one of the riskier structures on our books.
  • The fee break is contractual, not permanent. Should the waiver lapse after September 30, 2027, the cost reverts toward the 0.94% gross rate.
  • TYD 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.

Full TQQQ profile⁠

Full TYD profile⁠

TQQQ vs TYD Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

TQQQ vs TYD Cost

Overpaying TYD vs TQQQ

$4,813

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

  • TQQQ 0.78%

    $15,002

  • TYD 1.07%

    $19,815

$10,000
30 years

Cost over time

  • TQQQ 0.78%
  • TYD 1.07%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TYD $19,815TQQQ $15,002

Year by year

YearTQQQTYDOverpaying
10$1,388$1,881$493
20$5,268$7,046$1,778
30$15,002$19,815$4,813

Expense ratio

  • 0.78%TQQQ, cheaper
  • 1.07%TYD
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

TQQQ 2nd cheapest of 30 funds

TYD 26th cheapest of 30 funds

TQQQ vs TYD Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
TQQQ 0.84%
TYD 3.76%, better
Payout (12M)
TQQQ $0.48
TYD $0.82
Last payment
TQQQ $0.16
TYD $0.25
Ex-dividend
TQQQ Sep 23, 2026
TYD Sep 22, 2026
Paid on
TQQQ Sep 29, 2026
TYD Sep 29, 2026
Frequency
TQQQ Quarterly
TYD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

TQQQQuarterly · 14 paymentsAll TQQQ payments⁠
One bar per payment. 14 payments from 2017 to 2026 YTD. Dec 26, 2018 $0.0051; Mar 20, 2019 $0.0025; Dec 24, 2019 $0.0039; Dec 23, 2020 $0.000035; Dec 22, 2022 $0.05; Jun 26, 2024 $0.14; Dec 23, 2024 $0.14; Mar 26, 2025 $0.10; Jun 25, 2025 $0.11; Sep 24, 2025 $0.05; Dec 24, 2025 $0.09; Mar 25, 2026 $0.07; Jun 24, 2026 $0.17; Sep 23, 2026 $0.16. Use the arrow keys to read each point.$0$52017202020232026YTD
TYDQuarterly · 26 paymentsAll TYD payments⁠
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.$0$52017202020232026YTD

TQQQ vs TYD Risk

Fall from peak · 5 years

  • TQQQ
  • TYD
Nov 9, 2021 to Nov 9, 2026. Worst fall: TQQQ −81.7% · Dec 2022. Use the arrow keys to read each point.−80%−60%−40%−20%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
TQQQ 56.9%TYD 19.9%, better
Return per unit of riskSharpe ratio, 3 years
TQQQ 0.98, betterTYD −0.06
Worst fallMax drawdown, 5 years
TQQQ −81.7%TYD −59.1%, better
Market sensitivityBeta, 5 years
TQQQ 3.74TYD 3.48

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