DRN vs. TYD

Last updated Jun 13, 2026

DRN (Direxion Daily Real Estate Bull 3x Shares) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both exchange-traded funds - DRN is a REIT fund tracking the MSCI US REIT Index (300%), while TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 10 years, DRN returned -3.96%/yr vs -5.12%/yr for TYD. At a 0.01 correlation, their price movements are largely independent. DRN charges 0.99%/yr vs 1.09%/yr for TYD.

Performance

DRN vs. TYD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Real Estate Bull 3x Shares (DRN) 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, DRN achieves a 34.24% return, which is significantly higher than TYD's -5.80% return. Over the past 10 years, DRN has outperformed TYD with an annualized return of -3.96%, while TYD has yielded a comparatively lower -5.12% annualized return.

DRN

• 1D: 2.62%
• 1M: 6.26%
• YTD: 34.24%
• 6M: 33.93%
• 1Y: 16.41%
• 3Y*: 10.01%
• 5Y*: -10.77%
• 10Y*: -3.96%

TYD

• 1D: -0.33%
• 1M: -0.25%
• YTD: -5.80%
• 6M: -5.59%
• 1Y: -1.08%
• 3Y*: -3.95%
• 5Y*: -13.19%
• 10Y*: -5.12%

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

DRN vs. TYD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRN Direxion Daily Real Estate Bull 3x Shares	34.24%	-11.24%	-5.29%	12.03%	-67.26%	152.94%	-55.37%	81.86%	-25.11%	7.50%
TYD Direxion Daily 7-10 Year Treasury Bull 3X	-5.80%	11.68%	-13.89%	-2.87%	-43.32%	-11.36%	27.62%	17.88%	0.76%	5.64%

Correlation

The correlation between DRN and TYD is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.17
Correlation (All Time) Calculated using the full available price history since Jul 16, 2009	0.01

Over the past year, DRN and TYD have become more correlated (0.37) than their long-term average of 0.01, meaning their price movements have been converging.

DRN vs. TYD - Sectors Allocation Comparison

Sectors	DRN	TYD
Real Estate	19.8%	-
Basic Materials	0.4%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	21.2%
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

DRN vs. TYD — Risk / Return Rank

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

DRN

DRN Risk / Return Rank: 17
DRN Sharpe Ratio Rank: 16
DRN Sortino Ratio Rank: 17
DRN Omega Ratio Rank: 17
DRN Calmar Ratio Rank: 19
DRN Martin Ratio Rank: 17

TYD

TYD Risk / Return Rank: 8
TYD Sharpe Ratio Rank: 9
TYD Sortino Ratio Rank: 8
TYD Omega Ratio Rank: 8
TYD Calmar Ratio Rank: 9
TYD Martin Ratio Rank: 9

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.

DRN vs. TYD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bull 3x Shares (DRN) 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.

	DRN	TYD	Difference
Sharpe ratio: Return per unit of total volatility	0.40	-0.08	+0.48
Sortino ratio: Return per unit of downside risk	0.81	-0.01	+0.82
Omega ratio: Gain probability vs. loss probability	1.10	1.00	+0.10
Calmar ratio: Return relative to maximum drawdown	0.68	-0.08	+0.76
Martin ratio: Return relative to average drawdown	1.51	-0.20	+1.71

DRN vs. TYD - Sharpe Ratio Comparison

The current DRN Sharpe Ratio is 0.40, which is higher than the TYD Sharpe Ratio of -0.08. The chart below compares the historical Sharpe Ratios of DRN 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

DRN vs. TYD - Drawdown Comparison

The maximum DRN drawdown since its inception was -86.32%, which is greater than TYD's maximum drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for DRN and TYD.

Drawdown Indicators

	DRN	TYD	Difference
Max Drawdown Largest peak-to-trough decline	-86.32%	-64.28%	-22.04%
Max Drawdown (1Y) Largest decline over 1 year	-24.28%	-13.54%	-10.74%
Max Drawdown (3Y) Largest decline over 3 years	-48.26%	-24.62%	-23.64%
Max Drawdown (5Y) Largest decline over 5 years	-80.58%	-59.84%	-20.74%
Max Drawdown (10Y) Largest decline over 10 years	-86.32%	-64.28%	-22.04%
Current Drawdown Current decline from peak	-61.73%	-59.06%	-2.67%
Average Drawdown Average peak-to-trough decline	-35.11%	-22.00%	-13.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.92%	5.30%	+5.62%

Volatility

DRN vs. TYD - Volatility Comparison

Direxion Daily Real Estate Bull 3x Shares (DRN) has a higher volatility of 14.29% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 4.49%. This indicates that DRN'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

	DRN	TYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.29%	4.49%	+9.80%
Volatility (6M) Calculated over the trailing 6-month period	30.42%	9.76%	+20.66%
Volatility (1Y) Calculated over the trailing 1-year period	41.19%	13.86%	+27.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.78%	22.97%	+33.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.68%	20.36%	+40.32%

DRN vs. TYD - Expense Ratio Comparison

DRN has a 0.99% expense ratio, which is lower than TYD's 1.09% expense ratio.

Dividends

DRN vs. TYD - Dividend Comparison

DRN's dividend yield for the trailing twelve months is around 1.98%, less than TYD's 3.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRN Direxion Daily Real Estate Bull 3x Shares	1.98%	2.81%	2.24%	2.84%	2.70%	4.21%	1.90%	2.59%	3.11%	0.91%	0.00%	0.00%
TYD Direxion Daily 7-10 Year Treasury Bull 3X	3.22%	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 DRN and TYD in my portfolio?

DRN and TYD have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRN or TYD?

DRN has higher volatility (14.29%) compared to TYD (4.49%). In terms of maximum drawdown, DRN dropped -86.32% vs TYD's -64.28%.

Which ETF is better, DRN or TYD?

On 10-year performance, DRN leads with -3.96% vs -5.12% for TYD. On fees, DRN is cheaper at 0.99% per year. On volatility, TYD has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DRN or TYD?

Over the 10-year period, DRN has performed better with a -3.96% return vs -5.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DRN or TYD?

DRN is cheaper with a 0.99% expense ratio, compared with 1.09% for TYD.

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

TYD has the higher dividend yield at 3.22%, compared with 1.98% for DRN.

What is the main difference between DRN and TYD?

DRN is categorized as REIT, while TYD is Leveraged Bonds. DRN tracks MSCI US REIT Index (300%), while TYD tracks NYSE 7-10 Year Treasury Bond Index. Their fees differ too: 0.99% for DRN and 1.09% for TYD.

Which has better risk-adjusted returns?

DRN currently has the higher Sharpe Ratio (0.40 vs -0.08), 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.