PortfoliosLab logo
Direxion Daily 7-10 Year Treasury Bear 3X (TYO)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US25459W5572

CUSIP

25459W557

Issuer

Direxion

Inception Date

Apr 16, 2009

Region

North America (U.S.)

Leveraged

3x

Index Tracked

NYSE 7-10 Year Treasury Bond Index

Asset Class

Bond

Expense Ratio

TYO has a high expense ratio of 1.08%, indicating above-average management fees.


Share Price Chart


Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Direxion Daily 7-10 Year Treasury Bear 3X, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


Loading data...

S&P 500

Returns By Period

Direxion Daily 7-10 Year Treasury Bear 3X (TYO) has returned -4.48% so far this year and 2.82% over the past 12 months. Over the last ten years, TYO has returned -1.46% per year, falling short of the S&P 500 benchmark, which averaged 11.61% annually.


TYO

YTD
-4.48%
1M
-2.53%
6M
-5.25%
1Y
2.82%
3Y*
9.82%
5Y*
14.39%
10Y*
-1.46%

^GSPC (Benchmark)

YTD
5.92%
1M
3.83%
6M
4.26%
1Y
11.91%
3Y*
16.90%
5Y*
14.47%
10Y*
11.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

The table below presents the monthly returns of TYO, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

Based on daily data since Apr 2009, the average daily return (also called the expected return) is -0.02%, while the average monthly return is -0.49%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025-1.01%-6.45%0.02%-1.84%4.95%-0.00%-4.57%
20241.16%8.23%-1.00%11.13%-3.62%-2.52%-6.88%-2.61%-2.75%12.12%-1.92%8.36%18.95%
2023-9.23%11.36%-10.35%-1.41%5.64%5.01%2.98%3.57%11.63%6.72%-11.23%-9.62%1.05%
20226.61%0.55%12.00%13.08%-2.61%2.41%-8.72%12.80%14.56%4.80%-9.38%4.69%58.83%
20214.98%7.57%6.18%-2.81%-1.47%-3.72%-6.06%0.79%3.64%1.87%-3.56%0.83%7.47%
2020-9.04%-8.34%-12.16%-1.04%-0.97%-0.73%-2.11%2.31%-1.25%3.91%-1.40%-1.05%-28.56%
2019-1.91%1.94%-7.45%1.97%-8.03%-3.56%0.42%-10.89%3.90%-0.47%2.39%2.52%-18.71%
20186.90%2.06%-3.39%3.91%-3.05%-0.50%2.44%-3.27%4.81%0.82%-3.74%-7.42%-1.41%
2017-1.49%-2.37%-0.49%-3.09%-2.65%1.15%-0.99%-3.94%3.66%0.72%0.92%-0.50%-8.94%
2016-8.64%-5.32%-0.52%0.10%0.82%-10.49%-0.46%2.41%-0.83%6.65%10.82%-0.19%-7.32%
2015-12.37%7.53%-3.62%0.88%1.91%3.75%-5.21%-1.62%-4.29%0.68%1.52%0.06%-11.57%
2014-8.92%-1.91%1.38%-2.81%-5.52%0.19%0.42%-6.04%2.90%-4.78%-4.20%-1.46%-27.29%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of TYO is 14, meaning it’s performing worse than 86% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of TYO is 1414
Overall Rank
The Sharpe Ratio Rank of TYO is 2020
Sharpe Ratio Rank
The Sortino Ratio Rank of TYO is 1212
Sortino Ratio Rank
The Omega Ratio Rank of TYO is 1212
Omega Ratio Rank
The Calmar Ratio Rank of TYO is 1313
Calmar Ratio Rank
The Martin Ratio Rank of TYO is 1212
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Direxion Daily 7-10 Year Treasury Bear 3X (TYO) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Direxion Daily 7-10 Year Treasury Bear 3X Sharpe ratios as of Jul 8, 2025 (values are recalculated daily):

  • 1-Year: 0.15
  • 5-Year: 0.62
  • 10-Year: -0.07
  • All Time: -0.36

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Direxion Daily 7-10 Year Treasury Bear 3X compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.


Loading data...

Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Direxion Daily 7-10 Year Treasury Bear 3X provided a 4.16% dividend yield over the last twelve months, with an annual payout of $0.58 per share. The fund has been increasing its distributions for 2 consecutive years.


0.00%1.00%2.00%3.00%4.00%$0.00$0.10$0.20$0.30$0.40$0.50$0.602018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM2024202320222021202020192018
Dividend$0.58$0.63$0.47$0.01$0.00$0.03$0.17$0.04

Dividend yield

4.16%4.22%3.62%0.09%0.00%0.37%1.57%0.32%

Monthly Dividends

The table displays the monthly dividend distributions for Direxion Daily 7-10 Year Treasury Bear 3X. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.23$0.00$0.00$0.00$0.23
2024$0.00$0.00$0.28$0.00$0.00$0.15$0.00$0.00$0.15$0.00$0.00$0.05$0.63
2023$0.00$0.00$0.14$0.00$0.00$0.13$0.00$0.00$0.13$0.00$0.00$0.08$0.47
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.01$0.01
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2020$0.00$0.00$0.03$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.03
2019$0.00$0.00$0.06$0.00$0.00$0.05$0.00$0.00$0.05$0.00$0.00$0.01$0.17
2018$0.02$0.00$0.00$0.02$0.04

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


Loading data...

Worst Drawdowns

The table below displays the maximum drawdowns of the Direxion Daily 7-10 Year Treasury Bear 3X. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Direxion Daily 7-10 Year Treasury Bear 3X was 89.25%, occurring on Aug 4, 2020. The portfolio has not yet recovered.

The current Direxion Daily 7-10 Year Treasury Bear 3X drawdown is 78.16%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-89.25%Jun 11, 20092790Aug 4, 2020
-6.13%May 28, 20092May 29, 20095Jun 5, 20097
-4.68%May 8, 20094May 13, 20095May 21, 20099
-2.33%Apr 20, 20091Apr 20, 20092Apr 22, 20093
-1.93%Apr 27, 20091Apr 27, 20092Apr 29, 20093
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


Loading data...