{"url":"https://etfiq.com/compare/leverage/pst-vs-tyo","section":"compare","title":"PST vs TYO: which held to its multiple? | ETFIQ","description":"PST sets out to return -2 times IEF each day and TYO -3 times. Over the three months to Sep 30, 2026 they finished +2.7 pts and +5.4 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, PST or TYO?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, PST finished 2.7 points from what its multiple implies and TYO finished 5.4 points from its own, so PST came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are PST and TYO levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on 10-year Treasuries, PST at -2 times and TYO at -3 times the daily move."}},{"@type":"Question","name":"Which one decays faster, PST or TYO?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window PST\u2019s moved at 5% annualized and TYO\u2019s at 5%, so PST has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold PST or TYO for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, PST or TYO?","acceptedAnswer":{"@type":"Answer","text":"PST charges 0.95% a year and TYO charges 1.00%, so PST is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"PST vs TYO","item":"https://etfiq.com/compare/leverage/pst-vs-tyo"}]},{"@type":"WebPage","name":"PST vs TYO: which held to its multiple?","description":"PST sets out to return -2 times IEF each day and TYO -3 times. Over the three months to Sep 30, 2026 they finished +2.7 pts and +5.4 pts away.","url":"https://etfiq.com/compare/leverage/pst-vs-tyo","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, PST finished 2.3 points over and TYO 4.7 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of PST and TYO","description":"PST sets out to return -2 times IEF each day and TYO -3 times. Over the three months to Sep 30, 2026 they finished +2.7 pts and +5.4 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/pst-vs-tyo","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6782,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / PST vs TYO \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n PST vs TYO: which held to its multiple?\n\n Over three months against its own daily promise, PST finished 2.3 points over and TYO 4.7 points over.\n Copy this for sharing \n \n ProShares UltraShort 7-10 Year Treasury and Direxion Daily 7-10 Year Treasury Bear 3X ETF.\n\n Download as PDF \n\n +11.4% PST returned, 3 months \n +18.5% TYO returned, 3 months \n +2.7 pts PST from its stated multiple \n +5.4 pts TYO from its stated multiple \n\n ETFIQ Decay Resistance Score: TYO scores higher\n","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/pst-vs-tyo","a":{"ticker":"PST","name":"ProShares UltraShort 7-10 Year Treasury","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: PST returned +11.4% where its own daily promise gave +9.1%, 2.3 points over.","url":"https://etfiq.com/funds/pst","key_facts":[{"label":"What IEF did","value":"\u22124.3%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"+9.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+11.4%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+2.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$11m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"b":{"ticker":"TYO","name":"Direxion Daily 7-10 Year Treasury Bear 3X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: TYO returned +18.5% where its own daily promise gave +13.8%, 4.7 points over.","url":"https://etfiq.com/funds/tyo","key_facts":[{"label":"What IEF did","value":"\u22124.3%","as_of":"2026-09-30","source":null},{"label":"What \u22123 times a day gives","value":"+13.8%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+18.5%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+4.7 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$11m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.00%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/pst-vs-tyo"}