HIBL vs. TYD
HIBL (Direxion Daily S&P 500 High Beta Bull 3X Shares) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both exchange-traded funds - HIBL is a Leveraged Equities fund tracking the S&P 500 High Beta 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 5 years, HIBL returned 13.07%/yr vs -14.54%/yr for TYD. At a correlation of -0.04, they often move in opposite directions. HIBL charges 1.12%/yr vs 1.09%/yr for TYD.
Performance
HIBL vs. TYD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HIBL achieves a 59.83% return, which is significantly higher than TYD's -8.67% return.
HIBL
- 1D
- 10.51%
- 1M
- -19.93%
- 6M
- 50.26%
- YTD
- 59.83%
- 1Y
- 119.45%
- 3Y*
- 38.71%
- 5Y*
- 13.07%
- 10Y*
- —
- ALL TIME*
- 17.86%
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%
HIBL vs. TYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 59.83% | 60.38% | -0.40% | 81.02% | -68.24% | 129.14% | -24.96% | 19.23% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -8.67% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | -2.64% |
Correlation
The correlation between HIBL and TYD is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019 | -0.04 |
The correlation between HIBL and TYD shifts across timeframes, from -0.04 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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
HIBL vs. TYD — Risk / Return Rank
HIBL
TYD
HIBL vs. TYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) 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.
| HIBL | TYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.85 | ||
| Sortino ratioReturn per unit of downside risk | +2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.96 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | -0.29 | +4.12 |
| Martin ratioReturn relative to average drawdown | 11.56 | -0.64 | +12.19 |
Loading charts...
Drawdowns
HIBL vs. TYD - Drawdown Comparison
The maximum HIBL drawdown since its inception was -88.27%, which is greater than TYD's maximum drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for HIBL and TYD.
Loading charts...
Drawdown Indicators
| HIBL | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.27% | -64.28% | -23.99% |
Max Drawdown (1Y)Largest decline over 1 year | -31.39% | -13.54% | -17.85% |
Max Drawdown (3Y)Largest decline over 3 years | -69.66% | -22.32% | -47.34% |
Max Drawdown (5Y)Largest decline over 5 years | -81.58% | -59.84% | -21.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.28% | — |
Current DrawdownCurrent decline from peak | -23.42% | -60.31% | +36.89% |
Average DrawdownAverage peak-to-trough decline | -43.61% | -22.22% | -21.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.38% | 6.24% | +4.14% |
Volatility
HIBL vs. TYD - Volatility Comparison
Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) has a higher volatility of 30.74% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 3.93%. This indicates that HIBL'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.
Loading charts...
Volatility by Period
| HIBL | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.74% | 3.93% | +26.81% |
Volatility (6M)Calculated over the trailing 6-month period | 64.08% | 10.30% | +53.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.09% | 13.80% | +63.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.45% | 22.92% | +60.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.50% | 20.20% | +72.30% |
HIBL vs. TYD - Expense Ratio Comparison
HIBL has a 1.12% expense ratio, which is higher than TYD's 1.09% expense ratio.
Dividends
HIBL vs. TYD - Dividend Comparison
HIBL's dividend yield for the trailing twelve months is around 1.42%, less than TYD's 3.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 1.42% | 2.43% | 0.82% | 0.69% | 0.00% | 0.06% | 0.19% | 0.19% | 0.00% | 0.00% | 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
HIBL and TYD have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIBL has higher volatility (30.74%) compared to TYD (3.93%). In terms of maximum drawdown, HIBL dropped -88.27% vs TYD's -64.28%.
On 5-year performance, HIBL leads with 13.07% vs -14.54% for TYD. On fees, TYD is cheaper at 1.09% 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 5-year period, HIBL has performed better with a 13.07% return vs -14.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TYD is cheaper with a 1.09% expense ratio, compared with 1.12% for HIBL.
TYD has the higher dividend yield at 3.38%, compared with 1.42% for HIBL.
HIBL is categorized as Leveraged Equities, while TYD is Leveraged Bonds. HIBL tracks S&P 500 High Beta Index (300%), while TYD tracks NYSE 7-10 Year Treasury Bond Index. Their fees differ too: 1.12% for HIBL and 1.09% for TYD.
HIBL currently has the higher Sharpe Ratio (1.56 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.
Find the right allocation for HIBL 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