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TYD vs UDOW

Direxion Daily 7-10 Year Treasury Bull 3X ETF

TYDDNYSE Arca

ProShares UltraPro Dow30

UDOWANYSE Arca

Overlap

Expense ratio

UDOW −0.13pt a year

TYD1.07%UDOW0.94%

Avg volume · 30D

UDOW 63.9×the volume

TYD28.2KUDOW1.8M

10Y return · a year

UDOW +26.7pt

TYD−5.0%UDOW+21.7%

TYD vs UDOW Performance

Nov 9, 2021 – Nov 9, 2026

−54.4%TYD+63.8%UDOW

Nov 9, 2021 to Nov 9, 2026. TYD −54.4%. UDOW +63.8%. Use the arrow keys to read each point.−25%0%25%Nov 2021May 2024Nov 2026
Expense ratio
TYD 1.07%
UDOW 0.94%, better
Fund size
TYD $31M
UDOW $810M
1Y total return
TYD −13.7%
UDOW +23.7%, better
Yield (12M)
TYD 3.76%, better
UDOW 1.03%
Holdings
TYD 8
UDOW 33
Avg volume (30D)
TYD 28.2K sh
UDOW 1.8M sh, better
NAV per share
TYD $21.79
UDOW $63.06
52W range

ETF.net Grade

TYD: Cost 13, Risk 61, Mission not scored, Tradability 42, Holdings 100, Durability 41. UDOW: Cost 78, Risk 78, Mission 84, Tradability 90, Holdings 44, Durability 72.
Pillar letters and Scores for TYD, UDOW, with each pillar’s weight
PillarTYDUDOW
Cost30% weightF13A78Higher
Mission25% weightNot scoredA84
Risk15% weightB61A78Higher
Tradability15% weightC42A90Higher
Holdings10% weightA100HigherC44
Durability5% weightC41A72Higher

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. TYD and UDOW 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 ›

UDOW ranks 2nd 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 2AUDOWProShares UltraPro Dow30Score 80
  4. Rank 4ATMFDirexion Daily 20+ Year Treasury Bull 3X ETFScore 75
  5. Rank 23DHIBLDirexion Daily S&P 500 High Beta Bull 3X ETFScore 33
  6. Rank 23DTYDDirexion Daily 7-10 Year Treasury Bull 3X ETFScore 33
  7. Rank 25DTPORDirexion Daily Transportation Bull 3X ETFScore 31

Our read on each fund

ETF.net Research

TYDDDirexion Daily 7-10 Year Treasury Bull 3X ETF

UDOWAProShares UltraPro Dow30

In short

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.

UDOW The only 3x daily play on the Dow: 30 blue-chip names, price-weighted, reset every session. It is the industrial cousin of the semis-and-Nasdaq crowd that fills the leveraged aisle, and it has run since 2010.

Stated mandate

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.

UDOW The Fund seeks daily results equal to three times the daily performance of the Dow Jones Industrial Average before fees and expenses. It uses equity securities, derivatives, and money-market instruments to pursue that daily leveraged exposure.

Why people hold it

  • 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
  • UDOW ProShares calls UDOW the only ETF targeting 3x the daily move of the Dow. In a 3x aisle crowded with semiconductor and Nasdaq bets, the blue-chip index has exactly one lever.proshares.com
  • The Dow is a price-weighted measure of 30 US blue chips, so the exposure leans industrials, financials and health care instead of megacap tech.spglobal.com
  • Trading since 2010, it has run through several full market cycles and stays actively traded, which matters when the holding period is hours rather than years.
  • Among the stronger implementations in its 3x bull peer group, it stays close to its stated daily target and trades with the depth short-horizon traders look for.

Worth knowing

  • 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.
  • UDOW The 3x target resets every day. Over longer stretches, compounding and volatility can push results away from 3x the index move, as the prospectus spells out.proshares.com
  • At 0.94% with no waiver propping it up, cost sits near the typical 3x bull fund; TQQQ charges 0.78% net of a waiver through September 30, 2027.
  • Exposure is built with derivatives and cash instruments alongside stocks, so counterparty and derivative risk ride along with the market call.proshares.com

Full TYD profile⁠

Full UDOW profile⁠

TYD vs UDOW 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.

TYD vs UDOW Cost

Overpaying TYD vs UDOW

$2,111

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

  • TYD 1.07%

    $19,815

  • UDOW 0.94%

    $17,704

$10,000
30 years

Cost over time

  • TYD 1.07%
  • UDOW 0.94%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TYD $19,815UDOW $17,704

Year by year

YearTYDUDOWOverpaying
10$1,881$1,661$220
20$7,046$6,260$786
30$19,815$17,704$2,111

Expense ratio

  • 1.07%TYD
  • 0.94%UDOW, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

UDOW 7th cheapest of 30 funds

TYD 26th cheapest of 30 funds

TYD vs UDOW Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
TYD 3.76%, better
UDOW 1.03%
Payout (12M)
TYD $0.82
UDOW $0.69
Last payment
TYD $0.25
UDOW $0.15
Ex-dividend
TYD Sep 22, 2026
UDOW Sep 23, 2026
Paid on
TYD Sep 29, 2026
UDOW Sep 29, 2026
Frequency
TYD Quarterly
UDOW Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

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
UDOWQuarterly · 15 paymentsAll UDOW payments⁠
One bar per payment. 15 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.007; Dec 26, 2017 $0.02; Dec 24, 2019 $0.07; Dec 23, 2020 $0.03; Dec 22, 2022 $0.09; Mar 20, 2024 $0.07; Jun 26, 2024 $0.16; Dec 23, 2024 $0.07; Mar 26, 2025 $0.16; Jun 25, 2025 $0.22; Sep 24, 2025 $0.23; Dec 24, 2025 $0.20; Mar 25, 2026 $0.14; Jun 24, 2026 $0.21; Sep 23, 2026 $0.15. Use the arrow keys to read each point.$0$52017202020232026YTD

TYD vs UDOW Risk

Fall from peak · 5 years

  • TYD
  • UDOW
Nov 9, 2021 to Nov 9, 2026. Worst fall: TYD −59.1% · Oct 2026. Use the arrow keys to read each point.−60%−40%−20%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
TYD 19.9%, betterUDOW 37.2%
Return per unit of riskSharpe ratio, 3 years
TYD −0.06UDOW 0.95, better
Worst fallMax drawdown, 5 years
TYD −59.1%UDOW −56.0%, better
Market sensitivityBeta, 5 years
TYD 3.48UDOW 2.60

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