TYD vs. EDV
Compare and contrast key facts about Direxion Daily 7-10 Year Treasury Bull 3X (TYD) and Vanguard Extended Duration Treasury ETF (EDV).
TYD and EDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TYD is a passively managed fund by Direxion that tracks the performance of the NYSE 7-10 Year Treasury Bond Index. It was launched on Apr 16, 2009. EDV is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. It was launched on Dec 6, 2007. Both TYD and EDV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TYD or EDV.
Key characteristics
| TYD | EDV | |
|---|---|---|
| YTD Return | -11.63% | -10.30% |
| 1Y Return | -0.13% | 3.64% |
| 3Y Return (Ann) | -21.09% | -17.70% |
| 5Y Return (Ann) | -11.62% | -8.80% |
| 10Y Return (Ann) | -2.96% | -1.24% |
| Sharpe Ratio | 0.20 | 0.33 |
| Sortino Ratio | 0.43 | 0.61 |
| Omega Ratio | 1.05 | 1.07 |
| Calmar Ratio | 0.07 | 0.12 |
| Martin Ratio | 0.45 | 0.78 |
| Ulcer Index | 9.54% | 8.75% |
| Daily Std Dev | 21.55% | 20.94% |
| Max Drawdown | -64.28% | -59.96% |
| Current Drawdown | -60.05% | -53.25% |
Correlation
The correlation between TYD and EDV is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TYD vs. EDV - Performance Comparison
In the year-to-date period, TYD achieves a -11.63% return, which is significantly lower than EDV's -10.30% return. Over the past 10 years, TYD has underperformed EDV with an annualized return of -2.96%, while EDV has yielded a comparatively higher -1.24% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TYD vs. EDV - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than EDV's 0.06% expense ratio.
Risk-Adjusted Performance
TYD vs. EDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) and Vanguard Extended Duration Treasury ETF (EDV). 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.
Dividends
TYD vs. EDV - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.23%, less than EDV's 4.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.23% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.64% | 0.00% | 0.00% |
EDV Vanguard Extended Duration Treasury ETF | 4.33% | 3.55% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% | 3.12% | 5.03% |
Drawdowns
TYD vs. EDV - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, which is greater than EDV's maximum drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for TYD and EDV. For additional features, visit the drawdowns tool.
Volatility
TYD vs. EDV - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 5.91%, while Vanguard Extended Duration Treasury ETF (EDV) has a volatility of 7.30%. This indicates that TYD experiences smaller price fluctuations and is considered to be less risky than EDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.