TYD vs. KRE
TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and KRE (SPDR S&P Regional Banking ETF) are both exchange-traded funds - TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index, while KRE is a Financials Equities fund tracking the S&P Regional Banks Select Industry Index. Both are passively managed. Over the past 10 years, TYD returned -5.34%/yr vs 9.59%/yr for KRE. At a correlation of -0.28, they often move in opposite directions. TYD charges 1.09%/yr vs 0.35%/yr for KRE.
Performance
TYD vs. KRE - Performance Comparison
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Returns By Period
In the year-to-date period, TYD achieves a -7.02% return, which is significantly lower than KRE's 14.14% return. Over the past 10 years, TYD has underperformed KRE with an annualized return of -5.34%, while KRE has yielded a comparatively higher 9.59% annualized return.
TYD
- 1D
- -0.47%
- 1M
- 0.30%
- YTD
- -7.02%
- 6M
- -7.06%
- 1Y
- -2.87%
- 3Y*
- -4.91%
- 5Y*
- -13.23%
- 10Y*
- -5.34%
KRE
- 1D
- 1.57%
- 1M
- 6.02%
- YTD
- 14.14%
- 6M
- 10.96%
- 1Y
- 29.42%
- 3Y*
- 26.19%
- 5Y*
- 4.63%
- 10Y*
- 9.59%
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 | -7.02% | 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 | 14.14% | 10.21% | 18.58% | -7.61% | -15.08% | 39.29% | -7.43% | 27.44% | -18.81% | 7.49% |
Correlation
The correlation between TYD and KRE 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 | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2009 | -0.28 |
The correlation between TYD and KRE shifts across timeframes, from -0.28 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TYD vs. KRE — Risk / Return Rank
TYD
KRE
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.
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 | KRE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -2.01 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.24 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 1.98 | -2.19 |
| Martin ratioReturn relative to average drawdown | -0.52 | 5.13 | -5.65 |
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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.
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Drawdown Indicators
| TYD | KRE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -68.54% | +4.26% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -14.95% | +1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -24.62% | -28.20% | +3.58% |
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 DrawdownCurrent decline from peak | -59.59% | 0.00% | -59.59% |
Average DrawdownAverage peak-to-trough decline | -22.05% | -21.85% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 5.75% | -0.21% |
Volatility
TYD vs. KRE - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 4.04%, while SPDR S&P Regional Banking ETF (KRE) has a volatility of 6.34%. This indicates that TYD experiences smaller price fluctuations and is considered to be less risky than KRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYD | KRE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 6.34% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 16.05% | -6.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.85% | 23.33% | -9.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.98% | 29.85% | -6.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.33% | 31.85% | -11.52% |
TYD vs. KRE - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than KRE's 0.35% expense ratio.
Dividends
TYD vs. KRE - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.26%, more than KRE's 2.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KRE SPDR S&P Regional Banking ETF | 2.19% | 2.45% | 2.59% | 2.99% | 2.51% | 1.97% | 2.78% | 2.21% | 2.48% | 1.40% | 1.40% | 1.80% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.26% | 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 KRE 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.
KRE has higher volatility (6.34%) compared to TYD (4.04%). In terms of maximum drawdown, TYD dropped -64.28% vs KRE's -68.54%.
On 10-year performance, KRE leads with 9.59% vs -5.34% for TYD. On fees, KRE is cheaper at 0.35% per year. On volatility, TYD has been the lower-risk option at 4.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, KRE has performed better with a 9.59% return vs -5.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KRE is cheaper with a 0.35% expense ratio, compared with 1.09% for TYD.
TYD has the higher dividend yield at 3.26%, compared with 2.19% for KRE.
TYD is categorized as Leveraged Bonds, while KRE is Financials Equities. TYD tracks NYSE 7-10 Year Treasury Bond Index, while KRE tracks S&P Regional Banks Select Industry Index. They also come from different issuers: Direxion and State Street. Their fees differ too: 1.09% for TYD and 0.35% for KRE.
KRE currently has the higher Sharpe Ratio (1.27 vs -0.21), 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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