{"url":"https://etfiq.com/compare/leverage/tyd-vs-ust","section":"compare","title":"TYD vs UST: which held to its multiple? | ETFIQ","description":"TYD sets out to return +3 times IEF each day and UST +2 times. Over the three months to Sep 30, 2026 they finished \u22122.0 pts and \u22120.8 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, TYD or UST?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, TYD finished 2.0 points from what its multiple implies and UST finished 0.8 points from its own, so UST came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are TYD and UST levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on 10-year Treasuries, TYD at +3 times and UST at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, TYD or UST?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window TYD\u2019s moved at 5% annualized and UST\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 UST 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 UST?","acceptedAnswer":{"@type":"Answer","text":"TYD charges 1.07% a year and UST charges 0.95%, so UST 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 UST","item":"https://etfiq.com/compare/leverage/tyd-vs-ust"}]},{"@type":"WebPage","name":"TYD vs UST: which held to its multiple?","description":"TYD sets out to return +3 times IEF each day and UST +2 times. Over the three months to Sep 30, 2026 they finished \u22122.0 pts and \u22120.8 pts away.","url":"https://etfiq.com/compare/leverage/tyd-vs-ust","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, TYD finished 2.3 points short and UST 0.9 points short.","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 UST","description":"TYD sets out to return +3 times IEF each day and UST +2 times. Over the three months to Sep 30, 2026 they finished \u22122.0 pts and \u22120.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/tyd-vs-ust","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":6733,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / TYD vs UST \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n TYD vs UST: which held to its multiple?\n\n Over three months against its own daily promise, TYD finished 2.3 points short and UST 0.9 points short.\n Copy this for sharing \n \n Direxion Daily 7-10 Year Treasury Bull 3X ETF and ProShares Ultra 7-10 Year Treasury.\n\n Download as PDF \n\n \u221215.0% TYD returned, 3 months \n \u22129.5% UST returned, 3 months \n \u22122.0 pts TYD from its stated multiple \n \u22120.8 pts UST from its stated multiple \n\n ETFIQ Decay Resistance Score: UST scores higher\n Did","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-ust","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":"UST","name":"ProShares Ultra 7-10 Year Treasury","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: UST returned \u22129.5% where its own daily promise gave \u22128.6%, 0.9 points short.","url":"https://etfiq.com/funds/ust","key_facts":[{"label":"What IEF did","value":"\u22124.3%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u22128.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22129.5%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22120.9 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$15m","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"}]},"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-ust"}