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TYOvsTBTETF Comparison

ETF 1
TYO

Direxion Daily 7-10 Year Treasury Bear 3X Shares ETF

This fund is part of
Inverse Fixed Income
+1.01%
VS
ETF 2
TBT

ProShares UltraShort 20+ YEAR TREASURY ETF

This fund is part of
Inverse Fixed Income
+1.01%

Direxion Daily 7-10 Year Treasury Bear 3X Shares ETF (TYO) and ProShares UltraShort 20+ YEAR TREASURY ETF (TBT) belong to the same industry segment: Inverse Fixed Income. TYO is more expensive with a Total Expense Ratio (TER) of 1.15%, versus 0.93% for TBT. TYO is up 20.11% year-to-date (YTD) with -$854K in YTD flows. TBT performs worse with 12.82% YTD performance, and +$11M in YTD flows. Run a side-by-side ETF comparison of TYO and TBT below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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TYO vs TBT performance and flow charts

Performance

-4.0-2.00.02.04.06.08.0%Sep 23Sep 30Oct 7Oct 14Oct 21

Cumulative Flows

-10 M0 M10 M20 M30 MSep 23Sep 30Oct 7Oct 14Oct 21

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Historic performance and flows
Data as of 10/23/2026
1M3MYTD1Y3Y5Y
Perf.
TYO
TBT
-2.60%-2.39%
+6.38%+3.67%
+20.11%+12.82%
+24.94%+22.62%
+7.00%+0.55%
+102.69%+144.69%
Flows
TYO
TBT
--$12M
-$2M-$2M
-$854K+$11M
-$843K-$20M
-$16M-$172M
-$37M-$2.13B
Volatility and drawdown
3M1Y3Y5Y
Volatility
TYO
TBT
+16.99%+22.46%
+14.82%+19.16%
+18.58%+25.63%
+23.35%+30.87%
Max drawdown
TYO
TBT
-6.72%-10.84%
-6.77%-10.84%
-23.82%-32.85%
-24.42%-33.91%
Max drawdown duration
TYO
TBT
18d18d
51d18d
1041d1050d
1055d1070d
Trading data

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TYO
TBT
Last sale
10/23/2026 at 1:30 PM
$14.81
$38.67
Previous close
10/22/2026
$14.74
$38.24
Consolidated volume
10/22/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of October 26, 2026
1-year trailing difference

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TYO
TBT
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
TYO
TBT
Last price
$14.81
$38.67
1D performance
+0.47%
+1.12%
AuM$10.37 M$297.29 M
E/R1.15%0.93%
Characteristics
TYO
TBT
Management strategyPassivePassive
ProviderDirexionProShares
BenchmarkICE US Treasury 7-10 Year Bond IndexICE U.S. Treasury 20+ Year Index
N° of holdings--
Asset classBondsBonds
Trailing 12m distribution yield
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Inception dateApril 16, 2009April 29, 2008
ESGNoNo
Exposure

Exposure data will be available soon

Frequently asked questions about TYO and TBT

How have the TYO and TBT ETFs performed in 2026?

As of October 23, 2026, TYO is up 20.11% year-to-date (YTD), while TBT has returned 12.82%. That puts TYO better performer ahead so far this year.

Which ETF is attracting more investor money: TYO or TBT?

Year-to-date, the TYO ETF saw -$854K in flows, compared to +$11M for TBT.

Which ETF is more volatile: TYO or TBT?

Over the past year, TYO had a volatility of 14.82%, while TBT experienced 19.16%.

Which ETF is bigger: TYO or TBT?

As of October 23, 2026, TYO holds $10.37 M in assets under management (AUM), while TBT manages $297.29 M.

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