TYD vs. RETL
TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and RETL (Direxion Daily Retail Bull 3X Shares) are both exchange-traded funds - TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index, while RETL is a Leveraged Equities fund tracking the Russell 1000 Retail Index (300%). Both are passively managed. Over the past 10 years, TYD returned -5.55%/yr vs -5.07%/yr for RETL. At a correlation of -0.12, they often move in opposite directions. TYD charges 1.09%/yr vs 0.99%/yr for RETL.
Performance
TYD vs. RETL - Performance Comparison
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Returns By Period
In the year-to-date period, TYD achieves a -8.67% return, which is significantly lower than RETL's 0.69% return. Over the past 10 years, TYD has underperformed RETL with an annualized return of -5.55%, while RETL has yielded a comparatively higher -5.07% annualized return.
TYD
- 1D
- -0.78%
- 1M
- -3.38%
- 6M
- -6.39%
- YTD
- -8.67%
- 1Y
- -3.97%
- 3Y*
- -4.77%
- 5Y*
- -14.54%
- 10Y*
- -5.55%
- ALL TIME*
- 0.96%
RETL
- 1D
- -1.39%
- 1M
- 6.66%
- 6M
- -9.95%
- YTD
- 0.69%
- 1Y
- 8.84%
- 3Y*
- 7.18%
- 5Y*
- -26.39%
- 10Y*
- -5.07%
- ALL TIME*
- 14.64%
TYD vs. RETL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -8.67% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
RETL Direxion Daily Retail Bull 3X Shares | 0.69% | -5.98% | 9.59% | 33.62% | -80.80% | 101.03% | 63.63% | 23.41% | -35.21% | -1.31% |
Correlation
The correlation between TYD and RETL is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2010 | -0.12 |
The correlation between TYD and RETL shifts across timeframes, from -0.12 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TYD vs. RETL — Risk / Return Rank
TYD
RETL
TYD vs. RETL - 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 Retail Bull 3X Shares (RETL). 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 | RETL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.07 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 0.23 | -0.53 |
| Martin ratioReturn relative to average drawdown | -0.64 | 0.46 | -1.09 |
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Drawdowns
TYD vs. RETL - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, smaller than the maximum RETL drawdown of -92.00%. Use the drawdown chart below to compare losses from any high point for TYD and RETL.
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Drawdown Indicators
| TYD | RETL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -92.00% | +27.72% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -38.08% | +24.54% |
Max Drawdown (3Y)Largest decline over 3 years | -22.32% | -62.72% | +40.40% |
Max Drawdown (5Y)Largest decline over 5 years | -59.84% | -92.00% | +32.16% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | -92.00% | +27.72% |
Current DrawdownCurrent decline from peak | -60.31% | -82.71% | +22.40% |
Average DrawdownAverage peak-to-trough decline | -22.22% | -37.90% | +15.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.24% | 19.41% | -13.17% |
Volatility
TYD vs. RETL - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 3.93%, while Direxion Daily Retail Bull 3X Shares (RETL) has a volatility of 14.91%. This indicates that TYD experiences smaller price fluctuations and is considered to be less risky than RETL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYD | RETL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 14.91% | -10.98% |
Volatility (6M)Calculated over the trailing 6-month period | 10.30% | 43.05% | -32.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 61.10% | -47.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 79.29% | -56.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.20% | 79.96% | -59.76% |
TYD vs. RETL - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than RETL's 0.99% expense ratio.
Dividends
TYD vs. RETL - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.38%, more than RETL's 0.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RETL Direxion Daily Retail Bull 3X Shares | 0.50% | 0.58% | 1.13% | 1.35% | 0.71% | 0.22% | 0.19% | 0.92% | 1.19% | 0.01% | 2.60% | 0.00% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.38% | 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 RETL have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RETL has higher volatility (14.91%) compared to TYD (3.93%). In terms of maximum drawdown, TYD dropped -64.28% vs RETL's -92.00%.
On 10-year performance, RETL leads with -5.07% vs -5.55% for TYD. On fees, RETL is cheaper at 0.99% per year. On volatility, TYD has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RETL has performed better with a -5.07% return vs -5.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RETL is cheaper with a 0.99% expense ratio, compared with 1.09% for TYD.
TYD has the higher dividend yield at 3.38%, compared with 0.50% for RETL.
TYD is categorized as Leveraged Bonds, while RETL is Leveraged Equities. TYD tracks NYSE 7-10 Year Treasury Bond Index, while RETL tracks Russell 1000 Retail Index (300%). Their fees differ too: 1.09% for TYD and 0.99% for RETL.
RETL currently has the higher Sharpe Ratio (0.15 vs -0.29), 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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