GOVZ vs. TYD
GOVZ (iShares 25+ Year Treasury STRIPS Bond ETF) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both exchange-traded funds - GOVZ is a Government Bonds fund tracking the ICE BofA Long US Treasury Principal STRIPS Index, while TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, GOVZ returned -11.53%/yr vs -12.90%/yr for TYD. Their correlation of 0.87 suggests significant overlap in exposure. GOVZ charges 0.15%/yr vs 1.09%/yr for TYD.
Performance
GOVZ vs. TYD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GOVZ achieves a -0.94% return, which is significantly higher than TYD's -6.21% return.
GOVZ
- 1D
- -0.50%
- 1M
- 1.73%
- YTD
- -0.94%
- 6M
- -4.35%
- 1Y
- 3.91%
- 3Y*
- -7.43%
- 5Y*
- -11.53%
- 10Y*
- —
TYD
- 1D
- -0.86%
- 1M
- -1.19%
- YTD
- -6.21%
- 6M
- -8.43%
- 1Y
- 0.66%
- 3Y*
- -5.07%
- 5Y*
- -12.90%
- 10Y*
- -4.71%
GOVZ vs. TYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | -0.94% | -1.81% | -16.24% | 0.90% | -41.03% | -4.86% | -5.61% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -6.21% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | -4.78% |
Correlation
The correlation between GOVZ and TYD is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2020 | 0.87 |
The correlation between GOVZ and TYD has been stable across timeframes, ranging from 0.83 to 0.87 - 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
GOVZ vs. TYD — Risk / Return Rank
GOVZ
TYD
GOVZ vs. TYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) 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.
| GOVZ | TYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.02 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 0.05 | +0.23 |
| Martin ratioReturn relative to average drawdown | 0.63 | 0.13 | +0.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GOVZ | TYD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.05 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.48 | -0.56 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.58 | 0.05 | -0.64 |
Drawdowns
GOVZ vs. TYD - Drawdown Comparison
The maximum GOVZ drawdown since its inception was -59.65%, smaller than the maximum TYD drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for GOVZ and TYD.
Loading charts...
Drawdown Indicators
| GOVZ | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.65% | -64.28% | +4.63% |
Max Drawdown (1Y)Largest decline over 1 year | -14.16% | -13.54% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -28.72% | -25.04% | -3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -57.63% | -59.84% | +2.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.28% | — |
Current DrawdownCurrent decline from peak | -56.47% | -59.24% | +2.77% |
Average DrawdownAverage peak-to-trough decline | -39.91% | -21.95% | -17.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.21% | 4.97% | +1.24% |
Volatility
GOVZ vs. TYD - Volatility Comparison
iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) and Direxion Daily 7-10 Year Treasury Bull 3X (TYD) have volatilities of 4.27% and 4.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GOVZ | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 4.20% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 9.58% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.26% | 14.13% | +2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.93% | 22.98% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.35% | 20.36% | +2.99% |
GOVZ vs. TYD - Expense Ratio Comparison
GOVZ has a 0.15% expense ratio, which is lower than TYD's 1.09% expense ratio.
Dividends
GOVZ vs. TYD - Dividend Comparison
GOVZ's dividend yield for the trailing twelve months is around 5.18%, more than TYD's 3.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | 5.18% | 5.00% | 4.68% | 3.84% | 3.69% | 1.76% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.23% | 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
GOVZ and TYD have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOVZ has higher volatility (4.27%) compared to TYD (4.20%). In terms of maximum drawdown, GOVZ dropped -59.65% vs TYD's -64.28%.
On 5-year performance, GOVZ leads with -11.53% vs -12.90% for TYD. On fees, GOVZ is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GOVZ has performed better with a -11.53% return vs -12.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GOVZ is cheaper with a 0.15% expense ratio, compared with 1.09% for TYD.
GOVZ has the higher dividend yield at 5.18%, compared with 3.23% for TYD.
GOVZ is categorized as Government Bonds, while TYD is Leveraged Bonds. GOVZ tracks ICE BofA Long US Treasury Principal STRIPS Index, while TYD tracks NYSE 7-10 Year Treasury Bond Index. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.15% for GOVZ and 1.09% for TYD.
GOVZ currently has the higher Sharpe Ratio (0.24 vs 0.05), 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 GOVZ 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