TYD vs. HIBL
TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and HIBL (Direxion Daily S&P 500 High Beta Bull 3X Shares) are both exchange-traded funds - TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index, while HIBL is a Leveraged Equities fund tracking the S&P 500 High Beta Index (300%). Both are passively managed. Over the past 5 years, TYD returned -14.54%/yr vs 13.07%/yr for HIBL. At a correlation of -0.04, they often move in opposite directions. TYD charges 1.09%/yr vs 1.12%/yr for HIBL.
Performance
TYD vs. HIBL - 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 HIBL's 59.83% 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%
HIBL
- 1D
- 10.51%
- 1M
- -19.93%
- 6M
- 50.26%
- YTD
- 59.83%
- 1Y
- 119.45%
- 3Y*
- 38.71%
- 5Y*
- 13.07%
- 10Y*
- —
- ALL TIME*
- 17.86%
TYD vs. HIBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -8.67% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | -2.64% |
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 59.83% | 60.38% | -0.40% | 81.02% | -68.24% | 129.14% | -24.96% | 19.23% |
Correlation
The correlation between TYD and HIBL is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019 | -0.04 |
The correlation between TYD and HIBL shifts across timeframes, from -0.04 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TYD vs. HIBL — Risk / Return Rank
TYD
HIBL
TYD vs. HIBL - 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 S&P 500 High Beta Bull 3X Shares (HIBL). 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 | HIBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -2.37 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.26 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 3.83 | -4.12 |
| Martin ratioReturn relative to average drawdown | -0.64 | 11.56 | -12.19 |
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Drawdowns
TYD vs. HIBL - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, smaller than the maximum HIBL drawdown of -88.27%. Use the drawdown chart below to compare losses from any high point for TYD and HIBL.
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Drawdown Indicators
| TYD | HIBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -88.27% | +23.99% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -31.39% | +17.85% |
Max Drawdown (3Y)Largest decline over 3 years | -22.32% | -69.66% | +47.34% |
Max Drawdown (5Y)Largest decline over 5 years | -59.84% | -81.58% | +21.74% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | — | — |
Current DrawdownCurrent decline from peak | -60.31% | -23.42% | -36.89% |
Average DrawdownAverage peak-to-trough decline | -22.22% | -43.61% | +21.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.24% | 10.38% | -4.14% |
Volatility
TYD vs. HIBL - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 3.93%, while Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) has a volatility of 30.74%. This indicates that TYD experiences smaller price fluctuations and is considered to be less risky than HIBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYD | HIBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 30.74% | -26.81% |
Volatility (6M)Calculated over the trailing 6-month period | 10.30% | 64.08% | -53.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 77.09% | -63.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 83.45% | -60.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.20% | 92.50% | -72.30% |
TYD vs. HIBL - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is lower than HIBL's 1.12% expense ratio.
Dividends
TYD vs. HIBL - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.38%, more than HIBL's 1.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares | 1.42% | 2.43% | 0.82% | 0.69% | 0.00% | 0.06% | 0.19% | 0.19% | 0.00% | 0.00% | 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 HIBL have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIBL has higher volatility (30.74%) compared to TYD (3.93%). In terms of maximum drawdown, TYD dropped -64.28% vs HIBL's -88.27%.
On 5-year performance, HIBL leads with 13.07% vs -14.54% for TYD. On fees, TYD is cheaper at 1.09% 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 5-year period, HIBL has performed better with a 13.07% return vs -14.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TYD is cheaper with a 1.09% expense ratio, compared with 1.12% for HIBL.
TYD has the higher dividend yield at 3.38%, compared with 1.42% for HIBL.
TYD is categorized as Leveraged Bonds, while HIBL is Leveraged Equities. TYD tracks NYSE 7-10 Year Treasury Bond Index, while HIBL tracks S&P 500 High Beta Index (300%). Their fees differ too: 1.09% for TYD and 1.12% for HIBL.
HIBL currently has the higher Sharpe Ratio (1.56 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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