{"url":"https://etfiq.com/compare/leverage/tyd-vs-tyo","section":"compare","title":"TYD vs TYO: which held to its multiple? | ETFIQ","description":"TYD sets out to return +3 times IEF each day and TYO -3 times. Over the three months to Sep 30, 2026 they finished \u22122.0 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, TYD or TYO?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, TYD finished 2.0 points from what its multiple implies and TYO finished 5.4 points from its own, so TYD came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are TYD and TYO levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on 10-year Treasuries, TYD at +3 times and TYO at -3 times the daily move."}},{"@type":"Question","name":"Which one decays faster, TYD or TYO?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window TYD\u2019s moved at 5% annualized and TYO\u2019s at 5%, so TYD has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold TYD 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, TYD or TYO?","acceptedAnswer":{"@type":"Answer","text":"TYD charges 1.07% a year and TYO charges 1.00%, so TYO 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":"TYD vs TYO","item":"https://etfiq.com/compare/leverage/tyd-vs-tyo"}]},{"@type":"WebPage","name":"TYD vs TYO: which held to its multiple?","description":"TYD sets out to return +3 times IEF each day and TYO -3 times. Over the three months to Sep 30, 2026 they finished \u22122.0 pts and +5.4 pts away.","url":"https://etfiq.com/compare/leverage/tyd-vs-tyo","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, TYD finished 2.3 points short 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 TYD and TYO","description":"TYD sets out to return +3 times IEF each day and TYO -3 times. Over the three months to Sep 30, 2026 they finished \u22122.0 pts and +5.4 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/tyd-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":6975,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / TYD vs TYO \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n TYD vs TYO: which held to its multiple?\n\n Over three months against its own daily promise, TYD finished 2.3 points short and TYO 4.7 points over.\n Copy this for sharing \n \n Direxion Daily 7-10 Year Treasury Bull 3X ETF and Direxion Daily 7-10 Year Treasury Bear 3X ETF.\n\n Download as PDF \n\n \u221215.0% TYD returned, 3 months \n +18.5% TYO returned, 3 months \n \u22122.0 pts TYD from its stated multiple \n +5.4 pts TYO from its stated multiple \n\n ETFIQ Decay Resistance Score: TYO scores ","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/tyd-vs-tyo","a":{"ticker":"TYD","name":"Direxion Daily 7-10 Year Treasury Bull 3X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: TYD returned \u221215.0% where its own daily promise gave \u221212.7%, 2.3 points short.","url":"https://etfiq.com/funds/tyd","key_facts":[{"label":"What IEF did","value":"\u22124.3%","as_of":"2026-09-30","source":null},{"label":"What 3 times a day gives","value":"\u221212.7%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221215.0%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$26m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.07%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 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/tyd-vs-tyo"}