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 -5.30%/yr vs -3.45%/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 -6.59% return, which is significantly lower than EDV's 0.88% return. Over the past 10 years, TYD has underperformed EDV with an annualized return of -5.30%, while EDV has yielded a comparatively higher -3.45% annualized return.
TYD
- 1D
- -1.17%
- 1M
- 0.77%
- YTD
- -6.59%
- 6M
- -6.82%
- 1Y
- -1.55%
- 3Y*
- -4.77%
- 5Y*
- -13.14%
- 10Y*
- -5.30%
EDV
- 1D
- -1.20%
- 1M
- 3.55%
- YTD
- 0.88%
- 6M
- 0.43%
- 1Y
- 4.03%
- 3Y*
- -5.37%
- 5Y*
- -10.33%
- 10Y*
- -3.45%
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 | -6.59% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
EDV Vanguard Extended Duration Treasury ETF | 0.88% | 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 0.85, 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 | 0.85 |
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 | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.06 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 0.32 | -0.44 |
| Martin ratioReturn relative to average drawdown | -0.28 | 0.72 | -1.00 |
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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 | -24.62% | -26.90% | +2.28% |
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 | -59.40% | -53.72% | -5.68% |
Average DrawdownAverage peak-to-trough decline | -22.04% | -23.51% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.49% | 5.62% | -0.13% |
Volatility
TYD vs. EDV - Volatility Comparison
Direxion Daily 7-10 Year Treasury Bull 3X (TYD) has a higher volatility of 4.01% compared to Vanguard Extended Duration Treasury ETF (EDV) at 3.44%. This indicates that TYD's price experiences larger fluctuations and is considered to be riskier 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 | 4.01% | 3.44% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 9.98% | 9.90% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 14.29% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.98% | 21.58% | +1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.36% | 19.82% | +0.54% |
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 3.24%, less than EDV's 4.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 4.91% | 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 | 3.24% | 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 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TYD has higher volatility (4.01%) compared to EDV (3.44%). In terms of maximum drawdown, TYD dropped -64.28% vs EDV's -59.96%.
On 10-year performance, EDV leads with -3.45% vs -5.30% for TYD. On fees, EDV is cheaper at 0.05% per year. On volatility, EDV has been the lower-risk option at 3.44%. 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 -3.45% return vs -5.30%. 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 4.91%, compared with 3.24% 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 (0.28 vs -0.11), 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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