TYD vs. QQQE
TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index, while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. Both are passively managed. Over the past 10 years, TYD returned -5.35%/yr vs 14.91%/yr for QQQE. At a correlation of -0.09, they often move in opposite directions. TYD charges 1.09%/yr vs 0.35%/yr for QQQE.
Performance
TYD vs. QQQE - Performance Comparison
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Returns By Period
In the year-to-date period, TYD achieves a -7.44% return, which is significantly lower than QQQE's 16.12% return. Over the past 10 years, TYD has underperformed QQQE with an annualized return of -5.35%, while QQQE has yielded a comparatively higher 14.91% annualized return.
TYD
- 1D
- -0.30%
- 1M
- -2.72%
- 6M
- -7.62%
- YTD
- -7.44%
- 1Y
- -1.23%
- 3Y*
- -4.61%
- 5Y*
- -14.13%
- 10Y*
- -5.35%
QQQE
- 1D
- -0.26%
- 1M
- -1.61%
- 6M
- 13.70%
- YTD
- 16.12%
- 1Y
- 21.29%
- 3Y*
- 14.88%
- 5Y*
- 9.06%
- 10Y*
- 14.91%
TYD vs. QQQE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -7.44% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 16.12% | 14.58% | 6.98% | 33.76% | -24.47% | 17.93% | 37.85% | 36.43% | -5.40% | 26.53% |
Correlation
The correlation between TYD and QQQE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2012 | -0.09 |
The correlation between TYD and QQQE shifts across timeframes, from -0.09 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TYD vs. QQQE — Risk / Return Rank
TYD
QQQE
TYD vs. QQQE - 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 NASDAQ-100 Equal Weighted Index Shares (QQQE). 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 | QQQE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.24 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 2.27 | -2.36 |
| Martin ratioReturn relative to average drawdown | -0.20 | 7.47 | -7.68 |
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Drawdowns
TYD vs. QQQE - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for TYD and QQQE.
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Drawdown Indicators
| TYD | QQQE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -32.14% | -32.14% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -9.41% | -4.13% |
Max Drawdown (3Y)Largest decline over 3 years | -23.96% | -21.38% | -2.58% |
Max Drawdown (5Y)Largest decline over 5 years | -59.84% | -32.14% | -27.70% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | -32.14% | -32.14% |
Current DrawdownCurrent decline from peak | -59.77% | -3.35% | -56.42% |
Average DrawdownAverage peak-to-trough decline | -22.19% | -5.14% | -17.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.09% | 2.86% | +3.23% |
Volatility
TYD vs. QQQE - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 4.31%, while Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) has a volatility of 4.96%. This indicates that TYD experiences smaller price fluctuations and is considered to be less risky than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYD | QQQE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 4.96% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 10.33% | 12.91% | -2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 15.82% | -2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.96% | 20.58% | +2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.20% | 20.74% | -0.54% |
TYD vs. QQQE - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Dividends
TYD vs. QQQE - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.33%, more than QQQE's 0.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.57% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.33% | 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 QQQE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQE has higher volatility (4.96%) compared to TYD (4.31%). In terms of maximum drawdown, TYD dropped -64.28% vs QQQE's -32.14%.
On 10-year performance, QQQE leads with 14.91% vs -5.35% for TYD. On fees, QQQE is cheaper at 0.35% per year. On volatility, TYD has been the lower-risk option at 4.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, QQQE has performed better with a 14.91% return vs -5.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQE is cheaper with a 0.35% expense ratio, compared with 1.09% for TYD.
TYD has the higher dividend yield at 3.33%, compared with 0.57% for QQQE.
TYD is categorized as Leveraged Bonds, while QQQE is Nasdaq-100. TYD tracks NYSE 7-10 Year Treasury Bond Index, while QQQE tracks NASDAQ-100 Equal Weighted Index. Their fees differ too: 1.09% for TYD and 0.35% for QQQE.
QQQE currently has the higher Sharpe Ratio (1.35 vs -0.09), 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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