TYD vs. EURL
TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and EURL (Direxion Daily FTSE Europe Bull 3x Shares) are both exchange-traded funds - TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index, while EURL is a Leveraged Equities fund tracking the FTSE Developed Europe Index (300%). Both are passively managed. Over the past 10 years, TYD returned -5.55%/yr vs 10.87%/yr for EURL. At a correlation of -0.04, they often move in opposite directions. TYD charges 1.09%/yr vs 1.07%/yr for EURL.
Performance
TYD vs. EURL - Performance Comparison
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Returns By Period
In the year-to-date period, TYD achieves a -8.67% return, which is significantly lower than EURL's 13.43% return. Over the past 10 years, TYD has underperformed EURL with an annualized return of -5.55%, while EURL has yielded a comparatively higher 10.87% annualized return.
TYD
- 1D
- -0.78%
- 1M
- -3.38%
- 6M
- -6.39%
- YTD
- -8.67%
- 1Y
- -3.97%
- 3Y*
- -4.77%
- 5Y*
- -14.54%
- 10Y*
- -5.55%
- ALL TIME*
- 0.96%
EURL
- 1D
- 3.50%
- 1M
- 0.26%
- 6M
- 8.58%
- YTD
- 13.43%
- 1Y
- 38.54%
- 3Y*
- 27.58%
- 5Y*
- 7.62%
- 10Y*
- 10.87%
- ALL TIME*
- 2.52%
TYD vs. EURL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -8.67% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
EURL Direxion Daily FTSE Europe Bull 3x Shares | 13.43% | 105.85% | -11.42% | 44.19% | -54.41% | 46.59% | -23.19% | 72.61% | -46.39% | 91.32% |
Correlation
The correlation between TYD and EURL is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2014 | -0.04 |
The correlation between TYD and EURL shifts across timeframes, from -0.04 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TYD vs. EURL — Risk / Return Rank
TYD
EURL
TYD vs. EURL - 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 FTSE Europe Bull 3x Shares (EURL). 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 | EURL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.16 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 1.17 | -1.47 |
| Martin ratioReturn relative to average drawdown | -0.64 | 3.55 | -4.19 |
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Drawdowns
TYD vs. EURL - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, smaller than the maximum EURL drawdown of -84.65%. Use the drawdown chart below to compare losses from any high point for TYD and EURL.
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Drawdown Indicators
| TYD | EURL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -84.65% | +20.37% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -33.05% | +19.51% |
Max Drawdown (3Y)Largest decline over 3 years | -22.32% | -38.81% | +16.49% |
Max Drawdown (5Y)Largest decline over 5 years | -59.84% | -75.24% | +15.40% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | -84.65% | +20.37% |
Current DrawdownCurrent decline from peak | -60.31% | -9.00% | -51.31% |
Average DrawdownAverage peak-to-trough decline | -22.22% | -36.70% | +14.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.24% | 10.89% | -4.65% |
Volatility
TYD vs. EURL - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 3.93%, while Direxion Daily FTSE Europe Bull 3x Shares (EURL) has a volatility of 11.85%. This indicates that TYD experiences smaller price fluctuations and is considered to be less risky than EURL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYD | EURL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 11.85% | -7.92% |
Volatility (6M)Calculated over the trailing 6-month period | 10.30% | 41.44% | -31.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 47.96% | -34.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 53.42% | -30.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.20% | 54.44% | -34.24% |
TYD vs. EURL - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than EURL's 1.07% expense ratio.
Dividends
TYD vs. EURL - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.38%, more than EURL's 1.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EURL Direxion Daily FTSE Europe Bull 3x Shares | 1.59% | 1.50% | 3.51% | 2.50% | 1.80% | 0.33% | 0.41% | 1.17% | 3.07% | 0.38% | 0.00% | 0.00% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.38% | 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 EURL have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EURL has higher volatility (11.85%) compared to TYD (3.93%). In terms of maximum drawdown, TYD dropped -64.28% vs EURL's -84.65%.
On 10-year performance, EURL leads with 10.87% vs -5.55% for TYD. On fees, EURL is cheaper at 1.07% per year. On volatility, TYD has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EURL has performed better with a 10.87% return vs -5.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EURL is cheaper with a 1.07% expense ratio, compared with 1.09% for TYD.
TYD has the higher dividend yield at 3.38%, compared with 1.59% for EURL.
TYD is categorized as Leveraged Bonds, while EURL is Leveraged Equities. TYD tracks NYSE 7-10 Year Treasury Bond Index, while EURL tracks FTSE Developed Europe Index (300%). Their fees differ too: 1.09% for TYD and 1.07% for EURL.
EURL currently has the higher Sharpe Ratio (0.81 vs -0.29), 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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