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SPTL vs. TYO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPTL and TYO is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.3

Performance

SPTL vs. TYO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio Long Term Treasury ETF (SPTL) and Direxion Daily 7-10 Year Treasury Bear 3X (TYO). The values are adjusted to include any dividend payments, if applicable.

-80.00%-60.00%-40.00%-20.00%0.00%20.00%40.00%NovemberDecember2025FebruaryMarchApril
43.09%
-72.45%
SPTL
TYO

Key characteristics

Sharpe Ratio

SPTL:

0.39

TYO:

-0.32

Sortino Ratio

SPTL:

0.63

TYO:

-0.32

Omega Ratio

SPTL:

1.07

TYO:

0.96

Calmar Ratio

SPTL:

0.12

TYO:

-0.08

Martin Ratio

SPTL:

0.77

TYO:

-0.61

Ulcer Index

SPTL:

6.66%

TYO:

10.38%

Daily Std Dev

SPTL:

12.98%

TYO:

19.93%

Max Drawdown

SPTL:

-46.20%

TYO:

-89.25%

Current Drawdown

SPTL:

-38.04%

TYO:

-78.69%

Returns By Period

In the year-to-date period, SPTL achieves a 2.93% return, which is significantly higher than TYO's -6.82% return. Over the past 10 years, SPTL has outperformed TYO with an annualized return of -0.60%, while TYO has yielded a comparatively lower -1.09% annualized return.


SPTL

YTD

2.93%

1M

0.04%

6M

-0.72%

1Y

6.48%

5Y*

-8.97%

10Y*

-0.60%

TYO

YTD

-6.82%

1M

-2.15%

6M

0.46%

1Y

-8.28%

5Y*

13.79%

10Y*

-1.09%

*Annualized

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SPTL vs. TYO - Expense Ratio Comparison

SPTL has a 0.06% expense ratio, which is lower than TYO's 1.08% expense ratio.


Expense ratio chart for TYO: current value is 1.08%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TYO: 1.08%
Expense ratio chart for SPTL: current value is 0.06%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPTL: 0.06%

Risk-Adjusted Performance

SPTL vs. TYO — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPTL
The Risk-Adjusted Performance Rank of SPTL is 4040
Overall Rank
The Sharpe Ratio Rank of SPTL is 4848
Sharpe Ratio Rank
The Sortino Ratio Rank of SPTL is 4646
Sortino Ratio Rank
The Omega Ratio Rank of SPTL is 4040
Omega Ratio Rank
The Calmar Ratio Rank of SPTL is 3030
Calmar Ratio Rank
The Martin Ratio Rank of SPTL is 3636
Martin Ratio Rank

TYO
The Risk-Adjusted Performance Rank of TYO is 1010
Overall Rank
The Sharpe Ratio Rank of TYO is 88
Sharpe Ratio Rank
The Sortino Ratio Rank of TYO is 77
Sortino Ratio Rank
The Omega Ratio Rank of TYO is 88
Omega Ratio Rank
The Calmar Ratio Rank of TYO is 1414
Calmar Ratio Rank
The Martin Ratio Rank of TYO is 1010
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SPTL vs. TYO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Long Term Treasury ETF (SPTL) and Direxion Daily 7-10 Year Treasury Bear 3X (TYO). 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.


The chart of Sharpe ratio for SPTL, currently valued at 0.39, compared to the broader market-1.000.001.002.003.004.00
SPTL: 0.39
TYO: -0.32
The chart of Sortino ratio for SPTL, currently valued at 0.63, compared to the broader market-2.000.002.004.006.008.00
SPTL: 0.63
TYO: -0.32
The chart of Omega ratio for SPTL, currently valued at 1.07, compared to the broader market0.501.001.502.002.50
SPTL: 1.07
TYO: 0.96
The chart of Calmar ratio for SPTL, currently valued at 0.12, compared to the broader market0.002.004.006.008.0010.0012.00
SPTL: 0.12
TYO: -0.08
The chart of Martin ratio for SPTL, currently valued at 0.77, compared to the broader market0.0020.0040.0060.00
SPTL: 0.77
TYO: -0.61

The current SPTL Sharpe Ratio is 0.39, which is higher than the TYO Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of SPTL and TYO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.00NovemberDecember2025FebruaryMarchApril
0.39
-0.32
SPTL
TYO

Dividends

SPTL vs. TYO - Dividend Comparison

SPTL's dividend yield for the trailing twelve months is around 3.99%, less than TYO's 4.26% yield.


TTM20242023202220212020201920182017201620152014
SPTL
SPDR Portfolio Long Term Treasury ETF
3.99%4.03%3.24%2.75%1.68%1.71%2.45%2.69%2.53%2.56%2.60%2.64%
TYO
Direxion Daily 7-10 Year Treasury Bear 3X
4.26%4.22%3.62%0.09%0.00%0.37%1.57%0.32%0.00%0.00%0.00%0.00%

Drawdowns

SPTL vs. TYO - Drawdown Comparison

The maximum SPTL drawdown since its inception was -46.20%, smaller than the maximum TYO drawdown of -89.25%. Use the drawdown chart below to compare losses from any high point for SPTL and TYO. For additional features, visit the drawdowns tool.


-80.00%-70.00%-60.00%-50.00%-40.00%NovemberDecember2025FebruaryMarchApril
-38.04%
-78.69%
SPTL
TYO

Volatility

SPTL vs. TYO - Volatility Comparison

The current volatility for SPDR Portfolio Long Term Treasury ETF (SPTL) is 5.28%, while Direxion Daily 7-10 Year Treasury Bear 3X (TYO) has a volatility of 7.89%. This indicates that SPTL experiences smaller price fluctuations and is considered to be less risky than TYO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%NovemberDecember2025FebruaryMarchApril
5.28%
7.89%
SPTL
TYO