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 -5.77%/yr vs -4.47%/yr for EDV. Their correlation of 0.81 means they have usually moved in the same direction. 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 -10.03% return, which is significantly lower than EDV's -6.20% return. Over the past 10 years, TYD has underperformed EDV with an annualized return of -5.77%, while EDV has yielded a comparatively higher -4.47% annualized return.
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%
EDV
- 1D
- -1.06%
- 1M
- -6.35%
- 6M
- -5.97%
- YTD
- -6.20%
- 1Y
- -6.00%
- 3Y*
- -5.53%
- 5Y*
- -12.61%
- 10Y*
- -4.47%
- ALL TIME*
- 2.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $89.59M | $71.96M | $67.10M | |
| $420.72K | $411.37K | $510.43K |
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 | -10.03% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
EDV Vanguard Extended Duration Treasury ETF | -6.20% | 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, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2009 | 0.81 |
The correlation between TYD and EDV has been stable across timeframes, ranging from 0.81 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 | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.96 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | -0.33 | -0.06 |
| Martin ratioReturn relative to average drawdown | -0.84 | -0.70 | -0.15 |
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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 | -14.41% | -13.24% | -1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -22.32% | -22.74% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -59.80% | -55.03% | -4.77% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | -59.96% | -4.32% |
Current DrawdownCurrent decline from peak | -60.90% | -56.96% | -3.94% |
Average DrawdownAverage peak-to-trough decline | -22.29% | -23.70% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.69% | 6.34% | +0.35% |
Volatility
TYD vs. EDV - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 3.45%, while Vanguard Extended Duration Treasury ETF (EDV) has a volatility of 3.85%. 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.
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Volatility by Period
| TYD | EDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 3.85% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.38% | 10.24% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.68% | 14.08% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 21.52% | +1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.18% | 19.74% | +0.44% |
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 3.43%, less than EDV's 5.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 5.45% | 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 | 3.43% | 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
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.
EDV has higher volatility (3.85%) compared to TYD (3.45%). In terms of maximum drawdown, TYD dropped -64.28% vs EDV's -59.96%.
On 10-year performance, EDV leads with -4.47% vs -5.77% for TYD. On fees, EDV is cheaper at 0.05% 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 10-year period, EDV has performed better with a -4.47% return vs -5.77%. 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 5.45%, compared with 3.43% 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 (-0.31 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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