PST vs TYO
ProShares UltraShort 7-10 Year Treasury vs Direxion Daily 7-10 Year Treasury Bear 3X ETF
Which is better, PST or TYO?
Nearly the same fund. PST costs less.
PST has a lower expense ratio. PST led over the full window, TYO over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.99.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PST | TYO |
|---|---|---|
| Expense Ratio | 0.95%Best | 1.00% |
| AUM | $11M | $11M |
| Dividend Yield | 2.36% | 7.17% |
| Holdings | 6 | 12 |
| YTD Return | +15.23% | +24.61%Best |
| 1Y Return | +18.01% | +29.99%Best |
| 3Y Return (annualized) | +2.92% | +4.55%Best |
| 5Y Return (annualized) | +11.51% | +16.67%Best |
| Volatility (annualized) | 12.7%Best | 19.4% |
| Max Drawdown | -75.3%Best | -90.4% |
| $10,000 over 5 years | $17,241 | $21,617Best |
| Fund Family | ProShares | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Debt | Trading-Inverse Debt |
| Inception | Apr 29, 2008 | Apr 16, 2009 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 16, 2009 to Oct 14, 2026 (17.5 years).
PST vs TYO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 17.5 years both funds cover.
PST vs TYO Performance
ProShares UltraShort 7-10 Year Treasury (PST) is an ETF from ProShares and Direxion Daily 7-10 Year Treasury Bear 3X ETF (TYO) is an ETF from Direxion Shares ETF Trust. Over the past year PST returned +18.01% while TYO returned +29.99%. Year to date, PST is up 15.23% versus a gain of 24.61% for TYO.
Over three years, PST compounded at +2.92% per year against +4.55% for TYO; over five years the annualized figures are +11.51% and +16.67% respectively. Across the full 18-year window we track, PST has the edge at -3.55% annualized vs -6.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TYO has been the more volatile fund, with annualized monthly volatility of 19.4% compared with 12.7% for PST. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -75.3% for PST and -90.4% for TYO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PST charges 0.95% per year while TYO charges 1.00%. On a $10,000 position that is $95 vs $100 annually, a gap of $5 per year that compounds over a long holding period. On income, PST currently yields 2.36% against 7.17% for TYO.
Holdings Overlap
We hold position weights for 1 holding in PST and 2 in TYO, totalling 74.5% and 88.7% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in PST and 2 in TYO, against full books of 6 and 12.
You are not choosing between two funds in isolation.
Whichever of PST and TYO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PST or TYO?
PST has an expense ratio of 0.95% while TYO charges 1.00%. PST is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, PST or TYO?
Over the past year PST returned +18.01% vs +29.99% for TYO, so TYO leads on 1-year performance. Over the longest common window we track (18 years), PST annualized -3.55% vs -6.56% for TYO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PST or TYO?
TYO has been the more volatile fund at 19.4% annualized versus 12.7% for PST. Worst drawdown: PST -75.3% vs TYO -90.4%.
Should I hold both PST and TYO?
PST and TYO have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, PST or TYO?
PST yields 2.36% while TYO yields 7.17%, so TYO currently pays the higher dividend yield.
Is TYO better than PST?
PST has a lower expense ratio. PST led over the full window, TYO over 1Y, 3Y and 5Y. The two have moved almost in lockstep, correlation 0.99. Which one suits a particular account depends on what it is for. This is information, not a recommendation.