DRN vs. TYD
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 -6.51%/yr vs -5.55%/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
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Returns By Period
In the year-to-date period, DRN achieves a 33.89% return, which is significantly higher than TYD's -8.67% return. Over the past 10 years, DRN has underperformed TYD with an annualized return of -6.51%, while TYD has yielded a comparatively higher -5.55% annualized return.
DRN
- 1D
- -0.27%
- 1M
- 10.75%
- 6M
- 25.08%
- YTD
- 33.89%
- 1Y
- 16.77%
- 3Y*
- 6.16%
- 5Y*
- -10.93%
- 10Y*
- -6.51%
- ALL TIME*
- 14.20%
TYD
- 1D
- -0.78%
- 1M
- -3.38%
- 6M
- -6.39%
- YTD
- -8.67%
- 1Y
- -3.97%
- 3Y*
- -4.77%
- 5Y*
- -14.54%
- 10Y*
- -5.55%
- ALL TIME*
- 0.96%
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 | 33.89% | -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 | -8.67% | 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 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
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 (0.33) than their long-term average of 0.01, meaning their price movements have been converging.
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Return for Risk
DRN vs. TYD — Risk / Return Rank
DRN
TYD
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 ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.96 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | -0.29 | +0.99 |
| Martin ratioReturn relative to average drawdown | 1.54 | -0.64 | +2.18 |
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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.
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Drawdown Indicators
| DRN | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest 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% | -22.32% | -25.94% |
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 DrawdownCurrent decline from peak | -61.82% | -60.31% | -1.51% |
Average DrawdownAverage peak-to-trough decline | -35.27% | -22.22% | -13.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.92% | 6.24% | +4.68% |
Volatility
DRN vs. TYD - Volatility Comparison
Direxion Daily Real Estate Bull 3x Shares (DRN) has a higher volatility of 14.03% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 3.93%. 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.
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Volatility by Period
| DRN | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.03% | 3.93% | +10.10% |
Volatility (6M)Calculated over the trailing 6-month period | 33.15% | 10.30% | +22.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.57% | 13.80% | +28.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.85% | 22.92% | +33.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.80% | 20.20% | +40.60% |
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 1.84%, less than TYD's 3.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 1.84% | 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 | 3.38% | 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
DRN and TYD have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRN has higher volatility (14.03%) compared to TYD (3.93%). In terms of maximum drawdown, DRN dropped -86.32% vs TYD's -64.28%.
On 10-year performance, TYD leads with -5.55% vs -6.51% for DRN. On fees, DRN is cheaper at 0.99% per year. On volatility, TYD has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TYD has performed better with a -5.55% return vs -6.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DRN is cheaper with a 0.99% expense ratio, compared with 1.09% for TYD.
TYD has the higher dividend yield at 3.38%, compared with 1.84% for DRN.
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.
DRN currently has the higher Sharpe Ratio (0.40 vs -0.29), 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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