DXKSX vs. SCYB

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund (DXKSX) and Schwab High Yield Bond ETF (SCYB).

DXKSX is managed by Direxion. It was launched on May 17, 2004. SCYB is a passively managed fund by Charles Schwab that tracks the performance of the ICE BofA US Cash Pay High Yield Constrained Index. It was launched on Jul 10, 2023.

Performance

DXKSX vs. SCYB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund (DXKSX) and Schwab High Yield Bond ETF (SCYB). The values are adjusted to include any dividend payments, if applicable.

DXKSX vs. SCYB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DXKSX Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund	2.46%	-3.26%	12.62%	-0.10%
SCYB Schwab High Yield Bond ETF	-0.47%	8.33%	8.15%	6.74%

Returns By Period

In the year-to-date period, DXKSX achieves a 2.46% return, which is significantly higher than SCYB's -0.47% return.

DXKSX

• 1D: -1.12%
• 1M: 5.16%
• YTD: 2.46%
• 6M: 3.34%
• 1Y: 3.20%
• 3Y*: 6.61%
• 5Y*: 7.88%
• 10Y*: 2.26%

SCYB

• 1D: 0.89%
• 1M: -1.23%
• YTD: -0.47%
• 6M: 0.62%
• 1Y: 6.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DXKSX vs. SCYB - Expense Ratio Comparison

DXKSX has a 1.35% expense ratio, which is higher than SCYB's 0.03% expense ratio.

DXKSX

Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund

SCYB

Schwab High Yield Bond ETF

Return for Risk

DXKSX vs. SCYB — Risk / Return Rank

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

DXKSX

DXKSX Risk / Return Rank: 10
DXKSX Sharpe Ratio Rank: 11
DXKSX Sortino Ratio Rank: 10
DXKSX Omega Ratio Rank: 9
DXKSX Calmar Ratio Rank: 10
DXKSX Martin Ratio Rank: 8

SCYB

SCYB Risk / Return Rank: 74
SCYB Sharpe Ratio Rank: 70
SCYB Sortino Ratio Rank: 72
SCYB Omega Ratio Rank: 77
SCYB Calmar Ratio Rank: 67
SCYB Martin Ratio Rank: 81

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.

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 ratio Return per unit of total volatility	0.29	1.19	-0.90
Sortino ratio Return per unit of downside risk	0.48	1.75	-1.26
Omega ratio Gain probability vs. loss probability	1.05	1.28	-0.23
Calmar ratio Return relative to maximum drawdown	0.21	1.60	-1.39
Martin ratio Return relative to average drawdown	0.38	8.44	-8.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DXKSX vs. SCYB - Sharpe Ratio Comparison

The current DXKSX Sharpe Ratio is 0.29, which is lower than the SCYB Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of DXKSX and SCYB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DXKSX	SCYB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.29	1.19	-0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.40	1.62	-2.02

Correlation

The correlation between DXKSX and SCYB is -0.53. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

DXKSX vs. SCYB - Dividend Comparison

DXKSX's dividend yield for the trailing twelve months is around 11.97%, more than SCYB's 7.01% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
DXKSX Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund	11.97%	0.00%	9.44%	8.98%	0.00%	0.00%	6.10%	1.26%
SCYB Schwab High Yield Bond ETF	7.01%	6.99%	7.06%	3.36%	0.00%	0.00%	0.00%	0.00%

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.

Drawdown Indicators

	DXKSX	SCYB	Difference
Max Drawdown Largest peak-to-trough decline	-85.78%	-4.92%	-80.86%
Max Drawdown (1Y) Largest decline over 1 year	-6.43%	-4.22%	-2.21%
Max Drawdown (5Y) Largest decline over 5 years	-14.02%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.52%	—	—
Current Drawdown Current decline from peak	-74.34%	-1.50%	-72.84%
Average Drawdown Average peak-to-trough decline	-61.21%	-0.53%	-60.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.64%	0.80%	+2.84%

Volatility

DXKSX vs. SCYB - Volatility Comparison

Direxion Monthly 7-10 Year Treasury Bear 1.75X Fund (DXKSX) has a higher volatility of 3.24% compared to Schwab High Yield Bond ETF (SCYB) at 2.25%. 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.

Volatility by Period

	DXKSX	SCYB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.24%	2.25%	+0.99%
Volatility (6M) Calculated over the trailing 6-month period	5.60%	2.91%	+2.69%
Volatility (1Y) Calculated over the trailing 1-year period	9.37%	5.67%	+3.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.86%	5.20%	+8.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.58%	5.20%	+7.38%