LABU vs. TYD
LABU (Direxion Daily S&P Biotech Bull 3x Shares) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both exchange-traded funds - LABU is a Leveraged Equities fund tracking the S&P Biotechnology Select Industry 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 10 years, LABU returned -9.42%/yr vs -5.55%/yr for TYD. At a correlation of -0.00, they often move in opposite directions. LABU charges 0.96%/yr vs 1.09%/yr for TYD.
Performance
LABU vs. TYD - Performance Comparison
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Returns By Period
In the year-to-date period, LABU achieves a 66.91% return, which is significantly higher than TYD's -8.67% return. Over the past 10 years, LABU has underperformed TYD with an annualized return of -9.42%, while TYD has yielded a comparatively higher -5.55% annualized return.
LABU
- 1D
- 6.80%
- 1M
- 28.60%
- 6M
- 56.58%
- YTD
- 66.91%
- 1Y
- 332.58%
- 3Y*
- 29.63%
- 5Y*
- -26.04%
- 10Y*
- -9.42%
- ALL TIME*
- -19.54%
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%
LABU vs. TYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LABU Direxion Daily S&P Biotech Bull 3x Shares | 66.91% | 79.17% | -26.02% | -13.41% | -80.36% | -64.15% | 74.66% | 75.50% | -57.61% | 149.12% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -8.67% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
Correlation
The correlation between LABU and TYD is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since May 28, 2015 | -0.00 |
The correlation between LABU and TYD shifts across timeframes, from -0.00 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LABU vs. TYD — Risk / Return Rank
LABU
TYD
LABU vs. TYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Biotech Bull 3x Shares (LABU) 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.
| LABU | TYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.51 | ||
| Sortino ratioReturn per unit of downside risk | +3.97 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 0.96 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 10.92 | -0.29 | +11.21 |
| Martin ratioReturn relative to average drawdown | 29.77 | -0.64 | +30.41 |
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Drawdowns
LABU vs. TYD - Drawdown Comparison
The maximum LABU drawdown since its inception was -99.18%, which is greater than TYD's maximum drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for LABU and TYD.
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Drawdown Indicators
| LABU | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.18% | -64.28% | -34.90% |
Max Drawdown (1Y)Largest decline over 1 year | -30.70% | -13.54% | -17.16% |
Max Drawdown (3Y)Largest decline over 3 years | -78.30% | -22.32% | -55.98% |
Max Drawdown (5Y)Largest decline over 5 years | -97.36% | -59.84% | -37.52% |
Max Drawdown (10Y)Largest decline over 10 years | -98.96% | -64.28% | -34.68% |
Current DrawdownCurrent decline from peak | -94.12% | -60.31% | -33.81% |
Average DrawdownAverage peak-to-trough decline | -81.80% | -22.22% | -59.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.23% | 6.24% | +4.99% |
Volatility
LABU vs. TYD - Volatility Comparison
Direxion Daily S&P Biotech Bull 3x Shares (LABU) has a higher volatility of 25.93% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 3.93%. This indicates that LABU'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
| LABU | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.93% | 3.93% | +22.00% |
Volatility (6M)Calculated over the trailing 6-month period | 63.96% | 10.30% | +53.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.49% | 13.80% | +65.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.11% | 22.92% | +73.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.24% | 20.20% | +75.04% |
LABU vs. TYD - Expense Ratio Comparison
LABU has a 0.96% expense ratio, which is lower than TYD's 1.09% expense ratio.
Dividends
LABU vs. TYD - Dividend Comparison
LABU's dividend yield for the trailing twelve months is around 0.38%, less than TYD's 3.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LABU Direxion Daily S&P Biotech Bull 3x Shares | 0.38% | 0.84% | 0.35% | 0.35% | 0.00% | 0.00% | 0.00% | 0.28% | 0.64% | 0.17% | 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
LABU and TYD have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LABU has higher volatility (25.93%) compared to TYD (3.93%). In terms of maximum drawdown, LABU dropped -99.18% vs TYD's -64.28%.
On 10-year performance, TYD leads with -5.55% vs -9.42% for LABU. On fees, LABU is cheaper at 0.96% 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 10-year period, TYD has performed better with a -5.55% return vs -9.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LABU is cheaper with a 0.96% expense ratio, compared with 1.09% for TYD.
TYD has the higher dividend yield at 3.38%, compared with 0.38% for LABU.
LABU is categorized as Leveraged Equities, while TYD is Leveraged Bonds. LABU tracks S&P Biotechnology Select Industry Index (300%), while TYD tracks NYSE 7-10 Year Treasury Bond Index. Their fees differ too: 0.96% for LABU and 1.09% for TYD.
LABU currently has the higher Sharpe Ratio (4.22 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.
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