TYD vs. QQQ
TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, TYD returned -5.77%/yr vs 20.44%/yr for QQQ. Their -0.16 correlation means they have often moved in opposite directions in the past. TYD charges 1.09%/yr vs 0.18%/yr for QQQ.
Performance
TYD vs. QQQ - 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 QQQ's 12.26% return. Over the past 10 years, TYD has underperformed QQQ with an annualized return of -5.77%, while QQQ has yielded a comparatively higher 20.44% annualized 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%
QQQ
- 1D
- 0.65%
- 1M
- -3.45%
- 6M
- 10.89%
- YTD
- 12.26%
- 1Y
- 24.81%
- 3Y*
- 22.29%
- 5Y*
- 14.23%
- 10Y*
- 20.44%
- ALL TIME*
- 10.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $30.32B | $28.40B | $31.45B | |
| $420.72K | $411.37K | $510.43K |
TYD vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -10.03% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
QQQ Invesco QQQ ETF | 12.26% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between TYD and QQQ is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.08 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2009 | -0.16 |
The correlation between TYD and QQQ shifts across timeframes, from -0.16 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TYD vs. QQQ — Risk / Return Rank
TYD
QQQ
TYD vs. QQQ - 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 Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.15 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.21 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 1.88 | -2.27 |
| Martin ratioReturn relative to average drawdown | -0.84 | 6.00 | -6.84 |
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Drawdowns
TYD vs. QQQ - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for TYD and QQQ.
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Drawdown Indicators
| TYD | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -82.97% | +18.69% |
Max Drawdown (1Y)Largest decline over 1 year | -14.41% | -11.96% | -2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -22.32% | -22.77% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -59.80% | -35.12% | -24.68% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | -35.12% | -29.16% |
Current DrawdownCurrent decline from peak | -60.90% | -7.69% | -53.21% |
Average DrawdownAverage peak-to-trough decline | -22.29% | -32.62% | +10.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.69% | 3.74% | +2.95% |
Volatility
TYD vs. QQQ - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 3.45%, while Invesco QQQ ETF (QQQ) has a volatility of 6.87%. This indicates that TYD experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYD | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 6.87% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 10.38% | 16.08% | -5.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.68% | 19.38% | -5.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 22.90% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.18% | 22.50% | -2.32% |
TYD vs. QQQ - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
TYD vs. QQQ - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.43%, more than QQQ's 0.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.44% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
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 QQQ have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (6.87%) compared to TYD (3.45%). In terms of maximum drawdown, TYD dropped -64.28% vs QQQ's -82.97%.
On 10-year performance, QQQ leads with 20.44% vs -5.77% for TYD. On fees, QQQ is cheaper at 0.18% 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 10-year period, QQQ has performed better with a 20.44% return vs -5.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 1.09% for TYD.
TYD has the higher dividend yield at 3.43%, compared with 0.44% for QQQ.
TYD is categorized as Leveraged Bonds, while QQQ is Nasdaq-100. TYD tracks NYSE 7-10 Year Treasury Bond Index, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 1.09% for TYD and 0.18% for QQQ.
QQQ currently has the higher Sharpe Ratio (1.16 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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