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TYD vs. NVD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TYD vs. NVD

Last updated Jun 3, 2026

TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and NVD (GraniteShares 2x Short NVDA Daily ETF) are both exchange-traded funds - TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index, while NVD is a Inverse Equities fund actively managed by GraniteShares. TYD is passively managed, while NVD is actively managed. Over the past year, TYD returned 1.17% vs -71.05% for NVD. At a 0.02 correlation, their price movements are largely independent. TYD charges 1.09%/yr vs 1.50%/yr for NVD.

Performance

TYD vs. NVD - 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 GraniteShares 2x Short NVDA Daily ETF (NVD). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, TYD achieves a -5.40% return, which is significantly higher than NVD's -39.16% return.

TYD

1D
0.13%
1M
-1.42%
YTD
-5.40%
6M
-7.08%
1Y
1.17%
3Y*
-4.80%
5Y*
-12.47%
10Y*
-4.63%

NVD

1D
1.40%
1M
-23.68%
YTD
-39.16%
6M
-43.30%
1Y
-71.05%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

TYD vs. NVD - Yearly Performance Comparison

2026 (YTD)202520242023
TYD
Direxion Daily 7-10 Year Treasury Bull 3X		-5.40%11.68%-13.89%10.09%
NVD
GraniteShares 2x Short NVDA Daily ETF		-39.16%-73.27%-93.09%-15.28%

Correlation

The correlation between TYD and NVD is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.06

Correlation (All Time)
Calculated using the full available price history since Aug 23, 2023

0.02

TYD vs. NVD - Sectors Allocation Comparison

Sectors
TYD
NVD

Financial Services

21.5%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Technology

-

199.7%

Utilities

-

-

Financial Services

TYD
21.5%
NVD

-

Basic Materials

TYD

-

NVD

-

Communication Services

TYD

-

NVD

-

Consumer Cyclical

TYD

-

NVD

-

Consumer Defensive

TYD

-

NVD

-

Energy

TYD

-

NVD

-

Healthcare

TYD

-

NVD

-

Industrials

TYD

-

NVD

-

Real Estate

TYD

-

NVD

-

Technology

TYD

-

NVD
199.7%

Utilities

TYD

-

NVD

-

Compare stocks, funds, or ETFs

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Direxion Daily 7-10 Year Treasury Bull 3X

GraniteShares 2x Short NVDA Daily ETF

Often compared with TYD:
TYD vs. TMFTYD vs. TYOTYD vs. EDVTYD vs. UJBTYD vs. PEXTYD vs. QQQTYD vs. SPY
Often compared with NVD:
NVD vs. NVDANVD vs. NVDLNVD vs. NVDQNVD vs. NVDDNVD vs. VOONVD vs. NVDSNVD vs. USD

Return for Risk

TYD vs. NVD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TYD
TYD Risk / Return Rank: 99
Overall Rank
TYD Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
TYD Sortino Ratio Rank: 99
Sortino Ratio Rank
TYD Omega Ratio Rank: 99
Omega Ratio Rank
TYD Calmar Ratio Rank: 99
Calmar Ratio Rank
TYD Martin Ratio Rank: 99
Martin Ratio Rank
NVD
NVD Risk / Return Rank: 11
Overall Rank
NVD Sharpe Ratio Rank: 11
Sharpe Ratio Rank
NVD Sortino Ratio Rank: 11
Sortino Ratio Rank
NVD Omega Ratio Rank: 11
Omega Ratio Rank
NVD Calmar Ratio Rank: 00
Calmar Ratio Rank
NVD Martin Ratio Rank: 11
Martin Ratio Rank
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. NVD - 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 GraniteShares 2x Short NVDA Daily ETF (NVD). 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.

TYDNVDDifference

Sharpe ratio

Return per unit of total volatility

0.08

-1.04

+1.13

Sortino ratio

Return per unit of downside risk

0.22

-1.94

+2.16

Omega ratio

Gain probability vs. loss probability

1.02

0.79

+0.24

Calmar ratio

Return relative to maximum drawdown

0.02

-0.98

+0.99

Martin ratio

Return relative to average drawdown

0.05

-1.46

+1.51

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. NVD - Sharpe Ratio Comparison

The current TYD Sharpe Ratio is 0.08, which is higher than the NVD Sharpe Ratio of -1.04. The chart below compares the historical Sharpe Ratios of TYD and NVD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

TYDNVDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.08

-1.04

+1.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.55

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.23

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.05

-0.88

+0.94

Drawdowns

TYD vs. NVD - Drawdown Comparison

The maximum TYD drawdown since its inception was -64.28%, smaller than the maximum NVD drawdown of -99.26%. Use the drawdown chart below to compare losses from any high point for TYD and NVD.

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Drawdown Indicators

TYDNVDDifference

Max Drawdown

Largest peak-to-trough decline

-64.28%

-99.26%

+34.98%

Max Drawdown (1Y)

Largest decline over 1 year

-13.54%

-72.64%

+59.10%

Max Drawdown (3Y)

Largest decline over 3 years

-25.04%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-59.84%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-64.28%

—

—

Current Drawdown

Current decline from peak

-58.89%

-99.18%

+40.29%

Average Drawdown

Average peak-to-trough decline

-21.94%

-81.63%

+59.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.92%

49.31%

-44.39%

Volatility

TYD vs. NVD - Volatility Comparison

The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 4.26%, while GraniteShares 2x Short NVDA Daily ETF (NVD) has a volatility of 24.71%. This indicates that TYD experiences smaller price fluctuations and is considered to be less risky than NVD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TYDNVDDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.26%

24.71%

-20.45%

Volatility (6M)

Calculated over the trailing 6-month period

9.67%

51.58%

-41.91%

Volatility (1Y)

Calculated over the trailing 1-year period

14.13%

68.27%

-54.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.98%

92.55%

-69.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.37%

92.55%

-72.18%

TYD vs. NVD - Expense Ratio Comparison

TYD has a 1.09% expense ratio, which is lower than NVD's 1.50% expense ratio.

Dividends

TYD vs. NVD - Dividend Comparison

TYD's dividend yield for the trailing twelve months is around 3.20%, less than NVD's 19.44% yield.

PositionTTM20252024202320222021202020192018201720162015
NVD
GraniteShares 2x Short NVDA Daily ETF		19.44%11.83%8.68%15.78%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		3.20%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 NVD have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

NVD has higher volatility (24.71%) compared to TYD (4.26%). In terms of maximum drawdown, TYD dropped -64.28% vs NVD's -99.26%.

On 1-year performance, TYD leads with 1.17% vs -71.05% for NVD. On fees, TYD is cheaper at 1.09% per year. On volatility, TYD has been the lower-risk option at 4.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, TYD has performed better with a 1.17% return vs -71.05%. 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 1.50% for NVD.

NVD has the higher dividend yield at 19.44%, compared with 3.20% for TYD.

TYD is categorized as Leveraged Bonds, while NVD is Inverse Equities. They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 1.09% for TYD and 1.50% for NVD.

TYD currently has the higher Sharpe Ratio (0.08 vs -1.04), 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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