TYD vs. METD
TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and METD (Direxion Daily META Bear 1X ETF) are both exchange-traded funds - TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index, while METD is a Inverse Equities fund actively managed by Direxion. TYD is passively managed, while METD is actively managed. Over the past year, TYD returned -8.85% vs 24.41% for METD. Their -0.00 correlation means they have often moved in opposite directions in the past. TYD charges 1.09%/yr vs 1.00%/yr for METD.
Performance
TYD vs. METD - Performance Comparison
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Returns By Period
In the year-to-date period, TYD achieves a -10.03% return, which is significantly lower than METD's 10.02% return.
TYD
- 1D
- -1.01%
- 1M
- -4.64%
- 6M
- -8.59%
- YTD
- -10.03%
- 1Y
- -8.85%
- 3Y*
- -3.83%
- 5Y*
- -14.92%
- 10Y*
- -5.77%
- ALL TIME*
- 0.87%
METD
- 1D
- -3.30%
- 1M
- 3.04%
- 6M
- 20.93%
- YTD
- 10.02%
- 1Y
- 24.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -11.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.85M | $12.45M | $7.88M | |
| $420.72K | $411.37K | $510.43K |
TYD vs. METD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -10.03% | 11.68% | -4.95% |
METD Direxion Daily META Bear 1X ETF | 10.02% | -17.33% | -15.84% |
Correlation
The correlation between TYD and METD is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2024 | -0.00 |
The correlation between TYD and METD shifts across timeframes, from -0.12 (1 year) to -0.00 (all time), reflecting how their relationship changes across market environments.
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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.
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 | METD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.17 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 1.09 | -1.49 |
| Martin ratioReturn relative to average drawdown | -0.84 | 2.50 | -3.34 |
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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 | -14.41% | -26.03% | +11.62% |
Max Drawdown (3Y)Largest decline over 3 years | -22.32% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -59.80% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | — | — |
Current DrawdownCurrent decline from peak | -60.90% | -29.29% | -31.61% |
Average DrawdownAverage peak-to-trough decline | -22.29% | -28.87% | +6.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.69% | 11.39% | -4.70% |
Volatility
TYD vs. METD - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 3.45%, while Direxion Daily META Bear 1X ETF (METD) has a volatility of 15.23%. 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 | 3.45% | 15.23% | -11.78% |
Volatility (6M)Calculated over the trailing 6-month period | 10.38% | 30.46% | -20.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.68% | 40.18% | -26.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 37.75% | -14.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.18% | 37.75% | -17.57% |
TYD vs. METD - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than METD's 1.00% expense ratio.
Dividends
TYD vs. METD - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.43%, more than METD's 2.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
METD Direxion Daily META Bear 1X ETF | 2.51% | 3.35% | 2.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.43% | 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 METD have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
METD has higher volatility (15.23%) compared to TYD (3.45%). In terms of maximum drawdown, TYD dropped -64.28% vs METD's -46.03%.
On 1-year performance, METD leads with 24.41% vs -8.85% for TYD. On fees, METD is cheaper at 1.00% per year. On volatility, TYD has been the lower-risk option at 3.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, METD has performed better with a 24.41% return vs -8.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
METD is cheaper with a 1.00% expense ratio, compared with 1.09% for TYD.
TYD has the higher dividend yield at 3.43%, compared with 2.51% for METD.
TYD is categorized as Leveraged Bonds, while METD is Inverse Equities. Their fees differ too: 1.09% for TYD and 1.00% for METD.
METD currently has the higher Sharpe Ratio (0.74 vs -0.41), 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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