TYD vs. DRN
TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and DRN (Direxion Daily Real Estate Bull 3x Shares) are both exchange-traded funds - TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index, while DRN is a REIT fund tracking the MSCI US REIT Index (300%). Both are passively managed. Over the past 10 years, TYD returned -5.51%/yr vs -6.30%/yr for DRN. At a 0.01 correlation, their price movements are largely independent. TYD charges 1.09%/yr vs 0.99%/yr for DRN.
Performance
TYD vs. DRN - Performance Comparison
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Returns By Period
In the year-to-date period, TYD achieves a -8.30% return, which is significantly lower than DRN's 29.86% return. Over the past 10 years, TYD has outperformed DRN with an annualized return of -5.51%, while DRN has yielded a comparatively lower -6.30% annualized return.
TYD
- 1D
- -0.90%
- 1M
- -2.66%
- 6M
- -8.14%
- YTD
- -8.30%
- 1Y
- -2.67%
- 3Y*
- -4.77%
- 5Y*
- -14.07%
- 10Y*
- -5.51%
DRN
- 1D
- 1.48%
- 1M
- -3.26%
- 6M
- 27.76%
- YTD
- 29.86%
- 1Y
- 16.43%
- 3Y*
- 4.43%
- 5Y*
- -11.67%
- 10Y*
- -6.30%
TYD vs. DRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -8.30% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
DRN Direxion Daily Real Estate Bull 3x Shares | 29.86% | -11.24% | -5.29% | 12.03% | -67.26% | 152.94% | -55.37% | 81.86% | -25.11% | 7.50% |
Correlation
The correlation between TYD and DRN is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2009 | 0.01 |
Over the past year, TYD and DRN have become more correlated (0.35) than their long-term average of 0.01, meaning their price movements have been converging.
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Return for Risk
TYD vs. DRN — Risk / Return Rank
TYD
DRN
TYD vs. DRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) and Direxion Daily Real Estate Bull 3x Shares (DRN). 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.
| TYD | DRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.10 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 0.68 | -0.88 |
| Martin ratioReturn relative to average drawdown | -0.45 | 1.51 | -1.96 |
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Drawdowns
TYD vs. DRN - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, smaller than the maximum DRN drawdown of -86.32%. Use the drawdown chart below to compare losses from any high point for TYD and DRN.
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Drawdown Indicators
| TYD | DRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -86.32% | +22.04% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -24.28% | +10.74% |
Max Drawdown (3Y)Largest decline over 3 years | -23.96% | -48.26% | +24.30% |
Max Drawdown (5Y)Largest decline over 5 years | -59.84% | -80.58% | +20.74% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | -86.32% | +22.04% |
Current DrawdownCurrent decline from peak | -60.15% | -62.98% | +2.83% |
Average DrawdownAverage peak-to-trough decline | -22.16% | -35.23% | +13.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.95% | 10.91% | -4.96% |
Volatility
TYD vs. DRN - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 4.65%, while Direxion Daily Real Estate Bull 3x Shares (DRN) has a volatility of 15.53%. This indicates that TYD experiences smaller price fluctuations and is considered to be less risky than DRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYD | DRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 15.53% | -10.88% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 33.02% | -22.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.84% | 42.58% | -28.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.98% | 56.94% | -33.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.20% | 60.77% | -40.57% |
TYD vs. DRN - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than DRN's 0.99% expense ratio.
Dividends
TYD vs. DRN - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.36%, more than DRN's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRN Direxion Daily Real Estate Bull 3x Shares | 1.90% | 2.81% | 2.24% | 2.84% | 2.70% | 4.21% | 1.90% | 2.59% | 3.11% | 0.91% | 0.00% | 0.00% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.36% | 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
TYD and DRN have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRN has higher volatility (15.53%) compared to TYD (4.65%). In terms of maximum drawdown, TYD dropped -64.28% vs DRN's -86.32%.
On 10-year performance, TYD leads with -5.51% vs -6.30% for DRN. On fees, DRN is cheaper at 0.99% per year. On volatility, TYD has been the lower-risk option at 4.65%. 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 -5.51% return vs -6.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DRN is cheaper with a 0.99% expense ratio, compared with 1.09% for TYD.
TYD has the higher dividend yield at 3.36%, compared with 1.90% for DRN.
TYD is categorized as Leveraged Bonds, while DRN is REIT. TYD tracks NYSE 7-10 Year Treasury Bond Index, while DRN tracks MSCI US REIT Index (300%). Their fees differ too: 1.09% for TYD and 0.99% for DRN.
DRN currently has the higher Sharpe Ratio (0.39 vs -0.19), 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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