BOEG vs. TYD

Last updated Jul 17, 2026

BOEG (Leverage Shares 2X Long BA Daily ETF) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both exchange-traded funds - BOEG is a Leveraged Equities fund actively managed by Leverage Shares, while TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index. BOEG is actively managed, while TYD is passively managed. Over the past year, BOEG returned -29.91% vs -1.23% for TYD. At a 0.16 correlation, their price movements are largely independent. BOEG charges 0.75%/yr vs 1.09%/yr for TYD.

Performance

BOEG vs. TYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long BA Daily ETF (BOEG) and Direxion Daily 7-10 Year Treasury Bull 3X (TYD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOEG achieves a -13.35% return, which is significantly lower than TYD's -7.44% return.

BOEG

• 1D: -3.33%
• 1M: -12.16%
• 6M: -32.81%
• YTD: -13.35%
• 1Y: -29.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TYD

• 1D: -0.30%
• 1M: -2.72%
• 6M: -7.62%
• YTD: -7.44%
• 1Y: -1.23%
• 3Y*: -4.61%
• 5Y*: -14.13%
• 10Y*: -5.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BOEG vs. TYD - Yearly Performance Comparison

	2026 (YTD)	2025
BOEG Leverage Shares 2X Long BA Daily ETF	-13.35%	6.85%
TYD Direxion Daily 7-10 Year Treasury Bull 3X	-7.44%	5.01%

Correlation

The correlation between BOEG and TYD is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.16

Return for Risk

BOEG vs. TYD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BOEG

BOEG Risk / Return Rank: 5
BOEG Sharpe Ratio Rank: 5
BOEG Sortino Ratio Rank: 6
BOEG Omega Ratio Rank: 6
BOEG Calmar Ratio Rank: 4
BOEG Martin Ratio Rank: 3

TYD

TYD Risk / Return Rank: 8
TYD Sharpe Ratio Rank: 8
TYD Sortino Ratio Rank: 8
TYD Omega Ratio Rank: 8
TYD Calmar Ratio Rank: 8
TYD Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BOEG vs. TYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long BA Daily ETF (BOEG) and Direxion Daily 7-10 Year Treasury Bull 3X (TYD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BOEG	TYD	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	-0.09	-0.38
Sortino ratio: Return per unit of downside risk	-0.36	-0.03	-0.33
Omega ratio: Gain probability vs. loss probability	0.96	1.00	-0.04
Calmar ratio: Return relative to maximum drawdown	-0.65	-0.09	-0.55
Martin ratio: Return relative to average drawdown	-1.21	-0.20	-1.01

BOEG vs. TYD - Sharpe Ratio Comparison

The current BOEG Sharpe Ratio is -0.47, which is lower than the TYD Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of BOEG and TYD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BOEG vs. TYD - Drawdown Comparison

The maximum BOEG drawdown since its inception was -46.47%, smaller than the maximum TYD drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for BOEG and TYD.

Drawdown Indicators

	BOEG	TYD	Difference
Max Drawdown Largest peak-to-trough decline	-46.47%	-64.28%	+17.81%
Max Drawdown (1Y) Largest decline over 1 year	-46.47%	-13.54%	-32.93%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.96%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-59.84%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-64.28%	—
Current Drawdown Current decline from peak	-34.94%	-59.77%	+24.83%
Average Drawdown Average peak-to-trough decline	-20.22%	-22.19%	+1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.74%	6.09%	+18.65%

Volatility

BOEG vs. TYD - Volatility Comparison

Leverage Shares 2X Long BA Daily ETF (BOEG) has a higher volatility of 15.88% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 4.31%. This indicates that BOEG's price experiences larger fluctuations and is considered to be riskier than TYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOEG	TYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.88%	4.31%	+11.57%
Volatility (6M) Calculated over the trailing 6-month period	47.24%	10.33%	+36.91%
Volatility (1Y) Calculated over the trailing 1-year period	63.88%	13.79%	+50.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.79%	22.96%	+40.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.79%	20.20%	+43.59%

BOEG vs. TYD - Expense Ratio Comparison

BOEG has a 0.75% expense ratio, which is lower than TYD's 1.09% expense ratio.

Dividends

BOEG vs. TYD - Dividend Comparison

BOEG has not paid dividends to shareholders, while TYD's dividend yield for the trailing twelve months is around 3.33%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BOEG Leverage Shares 2X Long BA Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TYD Direxion Daily 7-10 Year Treasury Bull 3X	3.33%	2.97%	3.10%	2.71%	0.55%	0.00%	9.80%	0.92%	1.10%	0.01%	6.84%	1.65%

Frequently Asked Questions

Can I hold both BOEG and TYD in my portfolio?

BOEG and TYD have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BOEG or TYD?

BOEG has higher volatility (15.88%) compared to TYD (4.31%). In terms of maximum drawdown, BOEG dropped -46.47% vs TYD's -64.28%.

Which ETF is better, BOEG or TYD?

On 1-year performance, TYD leads with -1.23% vs -29.91% for BOEG. On fees, BOEG is cheaper at 0.75% per year. On volatility, TYD has been the lower-risk option at 4.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BOEG or TYD?

Over the 1-year period, TYD has performed better with a -1.23% return vs -29.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BOEG or TYD?

BOEG is cheaper with a 0.75% expense ratio, compared with 1.09% for TYD.

Which ETF pays a higher dividend yield, BOEG or TYD?

TYD has the higher dividend yield at 3.33%, compared with 0.00% for BOEG.

What is the main difference between BOEG and TYD?

BOEG is categorized as Leveraged Equities, while TYD is Leveraged Bonds. They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for BOEG and 1.09% for TYD.

Which has better risk-adjusted returns?

TYD currently has the higher Sharpe Ratio (-0.09 vs -0.47), 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.