EDV vs. TYD
EDV (Vanguard Extended Duration Treasury ETF) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both exchange-traded funds - EDV is a Government Bonds fund tracking the Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index, 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, EDV returned -3.45%/yr vs -4.97%/yr for TYD. Their correlation of 0.81 suggests significant overlap in exposure. EDV charges 0.05%/yr vs 1.09%/yr for TYD.
Performance
EDV vs. TYD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EDV achieves a 0.80% return, which is significantly higher than TYD's -4.85% return. Over the past 10 years, EDV has outperformed TYD with an annualized return of -3.45%, while TYD has yielded a comparatively lower -4.97% annualized return.
EDV
- 1D
- 1.01%
- 1M
- 5.35%
- YTD
- 0.80%
- 6M
- -0.03%
- 1Y
- 5.68%
- 3Y*
- -5.11%
- 5Y*
- -10.33%
- 10Y*
- -3.45%
TYD
- 1D
- 0.80%
- 1M
- 3.44%
- YTD
- -4.85%
- 6M
- -5.56%
- 1Y
- 2.06%
- 3Y*
- -4.06%
- 5Y*
- -12.70%
- 10Y*
- -4.97%
EDV vs. TYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 0.80% | 0.65% | -12.78% | 1.65% | -39.15% | -6.19% | 23.59% | 18.67% | -3.40% | 13.94% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -4.85% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
Correlation
The correlation between EDV and TYD is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2009 | 0.81 |
The correlation between EDV and TYD has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EDV vs. TYD — Risk / Return Rank
EDV
TYD
EDV vs. TYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Duration Treasury ETF (EDV) 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.
| EDV | TYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.04 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 0.15 | +0.30 |
| Martin ratioReturn relative to average drawdown | 1.02 | 0.38 | +0.63 |
Loading charts...
Drawdowns
EDV vs. TYD - Drawdown Comparison
The maximum EDV drawdown since its inception was -59.96%, smaller than the maximum TYD drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for EDV and TYD.
Loading charts...
Drawdown Indicators
| EDV | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.96% | -64.28% | +4.32% |
Max Drawdown (1Y)Largest decline over 1 year | -12.54% | -13.54% | +1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -26.99% | -24.62% | -2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -55.03% | -59.84% | +4.81% |
Max Drawdown (10Y)Largest decline over 10 years | -59.96% | -64.28% | +4.32% |
Current DrawdownCurrent decline from peak | -53.75% | -58.65% | +4.90% |
Average DrawdownAverage peak-to-trough decline | -23.49% | -22.02% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.58% | 5.36% | +0.22% |
Volatility
EDV vs. TYD - Volatility Comparison
The current volatility for Vanguard Extended Duration Treasury ETF (EDV) is 3.56%, while Direxion Daily 7-10 Year Treasury Bull 3X (TYD) has a volatility of 3.80%. This indicates that EDV experiences smaller price fluctuations and is considered to be less risky than TYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EDV | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 3.80% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 9.82% | 9.77% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 13.77% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.63% | 22.96% | -1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.83% | 20.35% | -0.52% |
EDV vs. TYD - Expense Ratio Comparison
EDV has a 0.05% expense ratio, which is lower than TYD's 1.09% expense ratio.
Dividends
EDV vs. TYD - Dividend Comparison
EDV's dividend yield for the trailing twelve months is around 4.91%, more than TYD's 3.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 4.91% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.18% | 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
EDV and TYD have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TYD has higher volatility (3.80%) compared to EDV (3.56%). In terms of maximum drawdown, EDV dropped -59.96% vs TYD's -64.28%.
On 10-year performance, EDV leads with -3.45% vs -4.97% for TYD. On fees, EDV is cheaper at 0.05% per year. On volatility, EDV has been the lower-risk option at 3.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EDV has performed better with a -3.45% return vs -4.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EDV is cheaper with a 0.05% expense ratio, compared with 1.09% for TYD.
EDV has the higher dividend yield at 4.91%, compared with 3.18% for TYD.
EDV is categorized as Government Bonds, while TYD is Leveraged Bonds. EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index, while TYD tracks NYSE 7-10 Year Treasury Bond Index. They also come from different issuers: Vanguard and Direxion. Their fees differ too: 0.05% for EDV and 1.09% for TYD.
EDV currently has the higher Sharpe Ratio (0.40 vs 0.15), 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.
Find the right allocation for EDV and TYD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer