DXKSX vs. SCYB
DXKSX (Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund) and SCYB (Schwab High Yield Bond ETF) are both funds - DXKSX is a Inverse Bonds fund managed by Direxion, while SCYB is a High Yield Bonds fund tracking the ICE BofA US Cash Pay High Yield Constrained Index. Over the past year, DXKSX returned 3.78% vs 7.03% for SCYB. At a correlation of -0.55, they often move in opposite directions. DXKSX charges 1.35%/yr vs 0.03%/yr for SCYB.
Performance
DXKSX vs. SCYB - Performance Comparison
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Returns By Period
In the year-to-date period, DXKSX achieves a 4.75% return, which is significantly higher than SCYB's 1.76% return.
DXKSX
- 1D
- 0.46%
- 1M
- 1.13%
- YTD
- 4.75%
- 6M
- 5.89%
- 1Y
- 3.78%
- 3Y*
- 6.01%
- 5Y*
- 9.21%
- 10Y*
- 2.72%
SCYB
- 1D
- 0.21%
- 1M
- 0.46%
- YTD
- 1.76%
- 6M
- 1.99%
- 1Y
- 7.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DXKSX vs. SCYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DXKSX Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund | 4.75% | -3.26% | 12.62% | -0.10% |
SCYB Schwab High Yield Bond ETF | 1.76% | 8.33% | 8.15% | 6.74% |
Correlation
The correlation between DXKSX and SCYB is -0.48, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.48 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2023 | -0.55 |
The correlation between DXKSX and SCYB has been stable across timeframes, ranging from -0.55 to -0.48 - a consistent structural relationship.
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Return for Risk
DXKSX vs. SCYB — Risk / Return Rank
DXKSX
SCYB
DXKSX vs. SCYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund (DXKSX) and Schwab High Yield Bond ETF (SCYB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| DXKSX | SCYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.37 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 2.89 | -2.46 |
| Martin ratioReturn relative to average drawdown | 0.80 | 12.95 | -12.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DXKSX | SCYB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 1.89 | -1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.39 | 1.70 | -2.09 |
Drawdowns
DXKSX vs. SCYB - Drawdown Comparison
The maximum DXKSX drawdown since its inception was -85.78%, which is greater than SCYB's maximum drawdown of -4.92%. Use the drawdown chart below to compare losses from any high point for DXKSX and SCYB.
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Drawdown Indicators
| DXKSX | SCYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.78% | -4.92% | -80.86% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -2.44% | -3.43% |
Max Drawdown (3Y)Largest decline over 3 years | -14.02% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.52% | — | — |
Current DrawdownCurrent decline from peak | -73.76% | -0.12% | -73.64% |
Average DrawdownAverage peak-to-trough decline | -61.31% | -0.52% | -60.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 0.54% | +2.60% |
Volatility
DXKSX vs. SCYB - Volatility Comparison
Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund (DXKSX) has a higher volatility of 2.70% compared to Schwab High Yield Bond ETF (SCYB) at 1.09%. This indicates that DXKSX's price experiences larger fluctuations and is considered to be riskier than SCYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DXKSX | SCYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 1.09% | +1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 5.76% | 2.94% | +2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.36% | 3.75% | +4.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.86% | 5.13% | +8.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.55% | 5.13% | +7.42% |
DXKSX vs. SCYB - Expense Ratio Comparison
DXKSX has a 1.35% expense ratio, which is higher than SCYB's 0.03% expense ratio.
Dividends
DXKSX vs. SCYB - Dividend Comparison
DXKSX's dividend yield for the trailing twelve months is around 11.71%, more than SCYB's 6.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DXKSX Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund | 11.71% | 0.00% | 9.44% | 8.98% | 0.00% | 0.00% | 6.10% | 1.26% |
SCYB Schwab High Yield Bond ETF | 6.92% | 6.99% | 7.06% | 3.36% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DXKSX and SCYB have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXKSX has higher volatility (2.70%) compared to SCYB (1.09%). In terms of maximum drawdown, DXKSX dropped -85.78% vs SCYB's -4.92%.
SCYB currently has the higher Sharpe Ratio (1.89 vs 0.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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