TYD vs. EDV
TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and EDV (Vanguard Extended Duration Treasury ETF) are both exchange-traded funds - TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index, while EDV is a Government Bonds fund tracking the Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. Both are passively managed. Over the past 10 years, TYD returned -5.51%/yr vs -4.10%/yr for EDV. Their correlation of 0.80 suggests significant overlap in exposure. TYD charges 1.09%/yr vs 0.05%/yr for EDV.
Performance
TYD vs. EDV - 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 EDV's -2.63% return. Over the past 10 years, TYD has underperformed EDV with an annualized return of -5.51%, while EDV has yielded a comparatively higher -4.10% 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%
EDV
- 1D
- -0.85%
- 1M
- -2.64%
- 6M
- -3.42%
- YTD
- -2.63%
- 1Y
- 1.17%
- 3Y*
- -5.65%
- 5Y*
- -11.58%
- 10Y*
- -4.10%
TYD vs. EDV - 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% |
EDV Vanguard Extended Duration Treasury ETF | -2.63% | 0.65% | -12.78% | 1.65% | -39.15% | -6.19% | 23.59% | 18.67% | -3.40% | 13.94% |
Correlation
The correlation between TYD and EDV is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2009 | 0.80 |
The correlation between TYD and EDV has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.
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Return for Risk
TYD vs. EDV — Risk / Return Rank
TYD
EDV
TYD vs. EDV - 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 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.
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 | EDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.02 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 0.09 | -0.29 |
| Martin ratioReturn relative to average drawdown | -0.45 | 0.20 | -0.65 |
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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.
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Drawdown Indicators
| TYD | EDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -59.96% | -4.32% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -12.54% | -1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -23.96% | -26.42% | +2.46% |
Max Drawdown (5Y)Largest decline over 5 years | -59.84% | -55.03% | -4.81% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | -59.96% | -4.32% |
Current DrawdownCurrent decline from peak | -60.15% | -55.33% | -4.82% |
Average DrawdownAverage peak-to-trough decline | -22.16% | -23.60% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.95% | 5.80% | +0.15% |
Volatility
TYD vs. EDV - Volatility Comparison
Direxion Daily 7-10 Year Treasury Bull 3X (TYD) and Vanguard Extended Duration Treasury ETF (EDV) have volatilities of 4.65% and 4.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYD | EDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 4.49% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 10.20% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.84% | 14.12% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.98% | 21.57% | +1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.20% | 19.74% | +0.46% |
TYD vs. EDV - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than EDV's 0.05% expense ratio.
Dividends
TYD vs. EDV - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.36%, less than EDV's 5.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 5.25% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
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 EDV have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TYD has higher volatility (4.65%) compared to EDV (4.49%). In terms of maximum drawdown, TYD dropped -64.28% vs EDV's -59.96%.
On 10-year performance, EDV leads with -4.10% vs -5.51% for TYD. On fees, EDV is cheaper at 0.05% per year. On volatility, EDV has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EDV has performed better with a -4.10% return vs -5.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EDV is cheaper with a 0.05% expense ratio, compared with 1.09% for TYD.
EDV has the higher dividend yield at 5.25%, compared with 3.36% for TYD.
TYD is categorized as Leveraged Bonds, while EDV is Government Bonds. TYD tracks NYSE 7-10 Year Treasury Bond Index, while EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. They also come from different issuers: Direxion and Vanguard. Their fees differ too: 1.09% for TYD and 0.05% for EDV.
EDV currently has the higher Sharpe Ratio (0.08 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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