# TYD (Direxion Daily 7-10 Year Treasury Bull 3X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: TYD returned −9.6% where its own daily promise gave −7.1%, 2.5 points short.

## Key facts

- TYD, what IEF did: −2.4%, as of Sep 11, 2026.
- TYD, what +3 times a day gives: −7.1%, as of Sep 11, 2026.
- TYD, what the fund returned: −9.6%, as of Sep 11, 2026.
- TYD, the fund itself cost: −2.5 pts, as of Sep 11, 2026.
- TYD, net assets: $38m (source, as filed for Apr 30, 2026).
- TYD, expense ratio: 1.07% (485BPOS XBRL, Feb 26, 2026).

## TYD over each window to Sep 11, 2026

| Window | Fund | IEF | +3x the move | Difference | IEF moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −6.1% | −1.7% | −5.2% | −0.8 pts | 5% |
| 3 months | −9.6% | −2.4% | −7.1% | −2.5 pts | 5% |
| 6 months | −13.1% | −2.8% | −8.5% | −4.6 pts | 5% |
| 1 year | −17.5% | −2.7% | −8.2% | −9.4 pts | 5% |
| 3 years | −10.9% | +8.8% | +26.3% | −37.2 pts | 6% |
| Since launch | +39.3% | +49.9% | +149.8% | −110.5 pts | 7% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +3 times the daily move of IEF, reset daily | ETFIQ |
| Multiple a holder actually got over the window | IEF moved −2.4% over this window, too little to read a multiple from | ETFIQ |
| Underlying | IEF | ETFIQ |
| Segment | asset class, bond | ETFIQ |
| Net assets | $38m | source, as filed for Apr 30, 2026 |
| Expense ratio | 1.07% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 5% annualized | ETFIQ |

## Questions

### Did TYD return +3 times IEF?

Over the window to Sep 11, 2026, IEF moved −2.4% and TYD returned −9.6%. 3 times that move is −7.1%, so the fund came out 2.5 points short of it.

### Why does TYD not return +3 times over a year?

Because it resets daily. TYD aims at +3 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +3 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, TYD, data as of Sep 11, 2026. https://etfiq.com/funds/TYD
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/TYD  ·  JSON: https://etfiq.com/funds/TYD.json