METD vs. TYD
METD (Direxion Daily META Bear 1X ETF) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both exchange-traded funds - METD is a Inverse Equities fund actively managed by Direxion, while TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index. METD is actively managed, while TYD is passively managed. Over the past year, METD returned 24.41% vs -8.85% for TYD. Their -0.00 correlation means they have often moved in opposite directions in the past. METD charges 1.00%/yr vs 1.09%/yr for TYD.
Performance
METD vs. TYD - Performance Comparison
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Returns By Period
In the year-to-date period, METD achieves a 10.02% return, which is significantly higher than TYD's -10.03% return.
METD
- 1D
- -3.30%
- 1M
- 3.04%
- 6M
- 20.93%
- YTD
- 10.02%
- 1Y
- 24.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -11.68%
TYD
- 1D
- -1.01%
- 1M
- -4.64%
- 6M
- -8.59%
- YTD
- -10.03%
- 1Y
- -8.85%
- 3Y*
- -3.83%
- 5Y*
- -14.92%
- 10Y*
- -5.77%
- ALL TIME*
- 0.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.85M | $12.45M | $7.88M | |
| $420.72K | $411.37K | $510.43K |
METD vs. TYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
METD Direxion Daily META Bear 1X ETF | 10.02% | -17.33% | -15.84% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -10.03% | 11.68% | -4.95% |
Correlation
The correlation between METD and TYD is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2024 | -0.00 |
The correlation between METD and TYD shifts across timeframes, from -0.12 (1 year) to -0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
METD vs. TYD — Risk / Return Rank
METD
TYD
METD vs. TYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily META Bear 1X ETF (METD) 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.
| METD | TYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.15 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.94 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | -0.39 | +1.49 |
| Martin ratioReturn relative to average drawdown | 2.50 | -0.84 | +3.34 |
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Drawdowns
METD vs. TYD - Drawdown Comparison
The maximum METD drawdown since its inception was -46.03%, smaller than the maximum TYD drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for METD and TYD.
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Drawdown Indicators
| METD | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.03% | -64.28% | +18.25% |
Max Drawdown (1Y)Largest decline over 1 year | -26.03% | -14.41% | -11.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.32% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -59.80% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.28% | — |
Current DrawdownCurrent decline from peak | -29.29% | -60.90% | +31.61% |
Average DrawdownAverage peak-to-trough decline | -28.87% | -22.29% | -6.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.39% | 6.69% | +4.70% |
Volatility
METD vs. TYD - Volatility Comparison
Direxion Daily META Bear 1X ETF (METD) has a higher volatility of 15.23% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 3.45%. This indicates that METD'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
| METD | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.23% | 3.45% | +11.78% |
Volatility (6M)Calculated over the trailing 6-month period | 30.46% | 10.38% | +20.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.18% | 13.68% | +26.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.75% | 22.92% | +14.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.75% | 20.18% | +17.57% |
METD vs. TYD - Expense Ratio Comparison
METD has a 1.00% expense ratio, which is lower than TYD's 1.09% expense ratio.
Dividends
METD vs. TYD - Dividend Comparison
METD's dividend yield for the trailing twelve months is around 2.51%, less than TYD's 3.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
METD Direxion Daily META Bear 1X ETF | 2.51% | 3.35% | 2.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.43% | 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
METD and TYD have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
METD has higher volatility (15.23%) compared to TYD (3.45%). In terms of maximum drawdown, METD dropped -46.03% vs TYD's -64.28%.
On 1-year performance, METD leads with 24.41% vs -8.85% for TYD. On fees, METD is cheaper at 1.00% per year. On volatility, TYD has been the lower-risk option at 3.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, METD has performed better with a 24.41% return vs -8.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
METD is cheaper with a 1.00% expense ratio, compared with 1.09% for TYD.
TYD has the higher dividend yield at 3.43%, compared with 2.51% for METD.
METD is categorized as Inverse Equities, while TYD is Leveraged Bonds. Their fees differ too: 1.00% for METD and 1.09% for TYD.
METD currently has the higher Sharpe Ratio (0.74 vs -0.41), 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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