TYD vs. METD
Compare and contrast key facts about Direxion Daily 7-10 Year Treasury Bull 3X (TYD) and Direxion Daily META Bear 1X ETF (METD).
TYD and METD 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. METD is an actively managed fund by Direxion. It was launched on Jun 5, 2024.
Performance
TYD vs. METD - Performance Comparison
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TYD vs. METD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -3.07% | 11.68% | -5.56% |
METD Direxion Daily META Bear 1X ETF | 12.25% | -17.33% | -15.84% |
Returns By Period
In the year-to-date period, TYD achieves a -3.07% return, which is significantly lower than METD's 12.25% 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%
METD
- 1D
- -6.54%
- 1M
- 11.62%
- YTD
- 12.25%
- 6M
- 23.48%
- 1Y
- -7.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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TYD vs. METD - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than METD's 1.00% expense ratio.
Return for Risk
TYD vs. METD — Risk / Return Rank
TYD
METD
TYD vs. METD - 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 META Bear 1X ETF (METD). 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 | METD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.03 | -0.20 | +0.17 |
Sortino ratioReturn per unit of downside risk | 0.08 | 0.00 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.00 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.04 | -0.19 | +0.24 |
Martin ratioReturn relative to average drawdown | 0.09 | -0.27 | +0.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TYD | METD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | -0.20 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.51 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | -0.35 | +0.41 |
Correlation
The correlation between TYD and METD is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TYD vs. METD - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.12%, more than METD's 2.43% 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% |
METD Direxion Daily META Bear 1X ETF | 2.43% | 3.35% | 2.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TYD vs. METD - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, which is greater than METD's maximum drawdown of -46.03%. Use the drawdown chart below to compare losses from any high point for TYD and METD.
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Drawdown Indicators
| TYD | METD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -46.03% | -18.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -39.89% | +28.90% |
Max Drawdown (5Y)Largest decline over 5 years | -59.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | — | — |
Current DrawdownCurrent decline from peak | -57.87% | -27.85% | -30.02% |
Average DrawdownAverage peak-to-trough decline | -21.57% | -28.04% | +6.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.18% | 29.13% | -23.95% |
Volatility
TYD vs. METD - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 5.53%, while Direxion Daily META Bear 1X ETF (METD) has a volatility of 13.49%. This indicates that TYD experiences smaller price fluctuations and is considered to be less risky than METD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYD | METD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 13.49% | -7.96% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 26.76% | -17.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.22% | 40.30% | -24.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.96% | 36.27% | -13.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.47% | 36.27% | -15.80% |