TYD vs. KRE

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily 7-10 Year Treasury Bull 3X (TYD) and SPDR S&P Regional Banking ETF (KRE).

TYD and KRE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TYD is a passively managed fund by Direxion that tracks the performance of the NYSE 7-10 Year Treasury Bond Index. It was launched on Apr 16, 2009. KRE is a passively managed fund by State Street that tracks the performance of the S&P Regional Banks Select Industry Index. It was launched on Jun 19, 2006. Both TYD and KRE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TYD vs. KRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily 7-10 Year Treasury Bull 3X (TYD) and SPDR S&P Regional Banking ETF (KRE). The values are adjusted to include any dividend payments, if applicable.

TYD vs. KRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TYD Direxion Daily 7-10 Year Treasury Bull 3X	-3.07%	11.68%	-13.89%	-2.87%	-43.32%	-11.36%	27.62%	17.88%	0.76%	5.64%
KRE SPDR S&P Regional Banking ETF	1.11%	10.21%	18.58%	-7.61%	-15.08%	39.29%	-7.43%	27.44%	-18.81%	7.49%

Returns By Period

In the year-to-date period, TYD achieves a -3.07% return, which is significantly lower than KRE's 1.11% return. Over the past 10 years, TYD has underperformed KRE with an annualized return of -4.44%, while KRE has yielded a comparatively higher 8.29% annualized return.

TYD

• 1D: 0.45%
• 1M: -7.75%
• YTD: -3.07%
• 6M: -3.16%
• 1Y: -0.42%
• 3Y*: -5.91%
• 5Y*: -11.66%
• 10Y*: -4.44%

KRE

• 1D: 2.42%
• 1M: -1.86%
• YTD: 1.11%
• 6M: 4.17%
• 1Y: 17.51%
• 3Y*: 17.48%
• 5Y*: 2.24%
• 10Y*: 8.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TYD vs. KRE - Expense Ratio Comparison

TYD has a 1.09% expense ratio, which is higher than KRE's 0.35% expense ratio.

TYD

Direxion Daily 7-10 Year Treasury Bull 3X

KRE

SPDR S&P Regional Banking ETF

Return for Risk

TYD vs. KRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TYD

TYD Risk / Return Rank: 12
TYD Sharpe Ratio Rank: 12
TYD Sortino Ratio Rank: 11
TYD Omega Ratio Rank: 11
TYD Calmar Ratio Rank: 13
TYD Martin Ratio Rank: 13

KRE

KRE Risk / Return Rank: 40
KRE Sharpe Ratio Rank: 36
KRE Sortino Ratio Rank: 37
KRE Omega Ratio Rank: 39
KRE Calmar Ratio Rank: 52
KRE Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TYD vs. KRE - 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 SPDR S&P Regional Banking ETF (KRE). 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.

	TYD	KRE	Difference
Sharpe ratio Return per unit of total volatility	-0.03	0.63	-0.65
Sortino ratio Return per unit of downside risk	0.08	1.00	-0.92
Omega ratio Gain probability vs. loss probability	1.01	1.15	-0.14
Calmar ratio Return relative to maximum drawdown	0.04	1.23	-1.19
Martin ratio Return relative to average drawdown	0.09	3.07	-2.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TYD vs. KRE - Sharpe Ratio Comparison

The current TYD Sharpe Ratio is -0.03, which is lower than the KRE Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of TYD and KRE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TYD	KRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.03	0.63	-0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.51	0.07	-0.58
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.22	0.26	-0.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.12	-0.06

Correlation

The correlation between TYD and KRE is -0.29. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

TYD vs. KRE - Dividend Comparison

TYD's dividend yield for the trailing twelve months is around 3.12%, more than KRE's 2.42% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TYD Direxion Daily 7-10 Year Treasury Bull 3X	3.12%	2.97%	3.10%	2.71%	0.55%	0.00%	9.80%	0.92%	1.10%	0.01%	6.84%	1.65%
KRE SPDR S&P Regional Banking ETF	2.42%	2.45%	2.59%	2.99%	2.51%	1.97%	2.78%	2.21%	2.48%	1.40%	1.40%	1.80%

Drawdowns

TYD vs. KRE - Drawdown Comparison

The maximum TYD drawdown since its inception was -64.28%, smaller than the maximum KRE drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for TYD and KRE.

Drawdown Indicators

	TYD	KRE	Difference
Max Drawdown Largest peak-to-trough decline	-64.28%	-68.54%	+4.26%
Max Drawdown (1Y) Largest decline over 1 year	-10.99%	-14.95%	+3.96%
Max Drawdown (5Y) Largest decline over 5 years	-59.84%	-52.69%	-7.15%
Max Drawdown (10Y) Largest decline over 10 years	-64.28%	-54.92%	-9.36%
Current Drawdown Current decline from peak	-57.87%	-11.00%	-46.87%
Average Drawdown Average peak-to-trough decline	-21.57%	-22.05%	+0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.18%	6.00%	-0.82%

Volatility

TYD vs. KRE - Volatility Comparison

Direxion Daily 7-10 Year Treasury Bull 3X (TYD) and SPDR S&P Regional Banking ETF (KRE) have volatilities of 5.53% and 5.28%, 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.

Volatility by Period

	TYD	KRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.53%	5.28%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	9.59%	17.94%	-8.35%
Volatility (1Y) Calculated over the trailing 1-year period	16.22%	28.13%	-11.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.96%	30.07%	-7.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.47%	31.96%	-11.49%