TYODirexion Daily 7-10 Year Treasury Bear 3X Shares
Seeks daily investment results of 300% of the inverse performance of the Index.
By Direxion Funds · Launched 2009
1.00%
#4,954 of 5,562 · expensive
$12M
#4,679 of 5,562 · small
+3.1%
17 years
#665 of 5,562 · established
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaStrategy
Inverse
Index tracked
ICE US Treasury 7-10 Year Bond Index
What it actually holds
By weightConcentration
Top 6 holdings = 99.7% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Bond profile
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks daily investment results of 300% of the inverse performance of the Index.
- Strategy
- Invests primarily in financial instruments like swap agreements and futures to provide 3X daily inverse exposure to U.S. Treasury securities with 7-10 years maturity. The Fund rebalances daily to maintain its inverse leverage, which may lead to high portfolio turnover.
- Inception date
- April 16, 2009
- Fund family
- Direxion Funds
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged ETF — not a long-term hold
This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.
Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Why we flagged this: strategy=inverse + leveraged_name_or_strategy
Inverse ETF — daily tool only
Delivers the inverse of the benchmark's daily return. The compounding path makes multi-day holding unpredictable even when the benchmark's total move goes your way. Legitimate as a one-day hedge; dangerous as a view.
Source: Cheng & Madhavan (2009)
Why we flagged this: strategy=inverse + inverse_name_or_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
What's next?
You've reviewed TYO. Save it to your watchlist to track it alongside the other funds you're weighing.
Data updated on 2026-06-19