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 -5.30%/yr vs 22.48%/yr for QQQ. At a correlation of -0.17, they often move in opposite directions. 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 -6.59% return, which is significantly lower than QQQ's 20.41% return. Over the past 10 years, TYD has underperformed QQQ with an annualized return of -5.30%, while QQQ has yielded a comparatively higher 22.48% annualized return.
TYD
- 1D
- -1.17%
- 1M
- 0.77%
- YTD
- -6.59%
- 6M
- -6.82%
- 1Y
- -1.55%
- 3Y*
- -4.77%
- 5Y*
- -13.14%
- 10Y*
- -5.30%
QQQ
- 1D
- -0.25%
- 1M
- 2.96%
- YTD
- 20.41%
- 6M
- 19.46%
- 1Y
- 40.91%
- 3Y*
- 27.47%
- 5Y*
- 16.94%
- 10Y*
- 22.48%
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 | -6.59% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
QQQ Invesco QQQ ETF | 20.41% | 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 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2009 | -0.17 |
The correlation between TYD and QQQ shifts across timeframes, from -0.17 (all time) to 0.18 (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 | -2.44 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.41 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 3.44 | -3.55 |
| Martin ratioReturn relative to average drawdown | -0.28 | 12.79 | -13.07 |
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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 | -13.54% | -11.96% | -1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -24.62% | -22.77% | -1.85% |
Max Drawdown (5Y)Largest decline over 5 years | -59.84% | -35.12% | -24.72% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | -35.12% | -29.16% |
Current DrawdownCurrent decline from peak | -59.40% | -0.99% | -58.41% |
Average DrawdownAverage peak-to-trough decline | -22.04% | -32.73% | +10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.49% | 3.21% | +2.28% |
Volatility
TYD vs. QQQ - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 4.01%, while Invesco QQQ ETF (QQQ) has a volatility of 8.47%. 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 | 4.01% | 8.47% | -4.46% |
Volatility (6M)Calculated over the trailing 6-month period | 9.98% | 14.20% | -4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 17.67% | -3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.98% | 22.64% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.36% | 22.43% | -2.07% |
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 3.24%, more than QQQ's 0.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.49% | 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 | 3.24% | 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 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (8.47%) compared to TYD (4.01%). In terms of maximum drawdown, TYD dropped -64.28% vs QQQ's -82.97%.
On 10-year performance, QQQ leads with 22.48% vs -5.30% for TYD. On fees, QQQ is cheaper at 0.18% per year. On volatility, TYD has been the lower-risk option at 4.01%. 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 22.48% return vs -5.30%. 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 3.24%, compared with 0.49% 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 (2.33 vs -0.11), 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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