KRE vs. TYD
KRE (SPDR S&P Regional Banking ETF) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both exchange-traded funds - KRE is a Financials Equities fund tracking the S&P Regional Banks Select Industry 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, KRE returned 9.58%/yr vs -5.35%/yr for TYD. At a correlation of -0.28, they often move in opposite directions. KRE charges 0.35%/yr vs 1.09%/yr for TYD.
Performance
KRE vs. TYD - Performance Comparison
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Returns By Period
In the year-to-date period, KRE achieves a 21.63% return, which is significantly higher than TYD's -7.44% return. Over the past 10 years, KRE has outperformed TYD with an annualized return of 9.58%, while TYD has yielded a comparatively lower -5.35% annualized return.
KRE
- 1D
- 2.82%
- 1M
- 8.12%
- 6M
- 15.52%
- YTD
- 21.63%
- 1Y
- 28.92%
- 3Y*
- 24.54%
- 5Y*
- 7.58%
- 10Y*
- 9.58%
TYD
- 1D
- -0.30%
- 1M
- -2.72%
- 6M
- -7.62%
- YTD
- -7.44%
- 1Y
- -1.23%
- 3Y*
- -4.61%
- 5Y*
- -14.13%
- 10Y*
- -5.35%
KRE vs. TYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KRE SPDR S&P Regional Banking ETF | 21.63% | 10.21% | 18.58% | -7.61% | -15.08% | 39.29% | -7.43% | 27.44% | -18.81% | 7.49% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -7.44% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
Correlation
The correlation between KRE and TYD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2009 | -0.28 |
The correlation between KRE and TYD shifts across timeframes, from -0.28 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
KRE vs. TYD — Risk / Return Rank
KRE
TYD
KRE vs. TYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Regional Banking ETF (KRE) 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.
| KRE | TYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.00 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | -0.09 | +2.03 |
| Martin ratioReturn relative to average drawdown | 5.06 | -0.20 | +5.26 |
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Drawdowns
KRE vs. TYD - Drawdown Comparison
The maximum KRE drawdown since its inception was -68.54%, which is greater than TYD's maximum drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for KRE and TYD.
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Drawdown Indicators
| KRE | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.54% | -64.28% | -4.26% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | -13.54% | -1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -28.20% | -23.96% | -4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -52.69% | -59.84% | +7.15% |
Max Drawdown (10Y)Largest decline over 10 years | -54.92% | -64.28% | +9.36% |
Current DrawdownCurrent decline from peak | 0.00% | -59.77% | +59.77% |
Average DrawdownAverage peak-to-trough decline | -21.78% | -22.19% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 6.09% | -0.36% |
Volatility
KRE vs. TYD - Volatility Comparison
SPDR S&P Regional Banking ETF (KRE) has a higher volatility of 5.76% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 4.31%. This indicates that KRE'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
| KRE | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 4.31% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 16.36% | 10.33% | +6.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.95% | 13.79% | +9.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.73% | 22.96% | +6.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.76% | 20.20% | +11.56% |
KRE vs. TYD - Expense Ratio Comparison
KRE has a 0.35% expense ratio, which is lower than TYD's 1.09% expense ratio.
Dividends
KRE vs. TYD - Dividend Comparison
KRE's dividend yield for the trailing twelve months is around 2.05%, less than TYD's 3.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KRE SPDR S&P Regional Banking ETF | 2.05% | 2.45% | 2.59% | 2.99% | 2.51% | 1.97% | 2.78% | 2.21% | 2.48% | 1.40% | 1.40% | 1.80% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.33% | 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
KRE and TYD have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KRE has higher volatility (5.76%) compared to TYD (4.31%). In terms of maximum drawdown, KRE dropped -68.54% vs TYD's -64.28%.
On 10-year performance, KRE leads with 9.58% vs -5.35% for TYD. On fees, KRE is cheaper at 0.35% per year. On volatility, TYD has been the lower-risk option at 4.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, KRE has performed better with a 9.58% return vs -5.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KRE is cheaper with a 0.35% expense ratio, compared with 1.09% for TYD.
TYD has the higher dividend yield at 3.33%, compared with 2.05% for KRE.
KRE is categorized as Financials Equities, while TYD is Leveraged Bonds. KRE tracks S&P Regional Banks Select Industry Index, while TYD tracks NYSE 7-10 Year Treasury Bond Index. They also come from different issuers: State Street and Direxion. Their fees differ too: 0.35% for KRE and 1.09% for TYD.
KRE currently has the higher Sharpe Ratio (1.27 vs -0.09), 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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