TYD vs. SOXS
TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index, while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 10 years, TYD returned -5.34%/yr vs -79.54%/yr for SOXS. At a 0.18 correlation, their price movements are largely independent. TYD charges 1.09%/yr vs 1.08%/yr for SOXS.
Performance
TYD vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, TYD achieves a -7.02% return, which is significantly higher than SOXS's -93.50% return. Over the past 10 years, TYD has outperformed SOXS with an annualized return of -5.34%, while SOXS has yielded a comparatively lower -79.54% annualized return.
TYD
- 1D
- -0.47%
- 1M
- 0.30%
- YTD
- -7.02%
- 6M
- -7.06%
- 1Y
- -2.87%
- 3Y*
- -4.91%
- 5Y*
- -13.23%
- 10Y*
- -5.34%
SOXS
- 1D
- 22.42%
- 1M
- -47.74%
- YTD
- -93.50%
- 6M
- -93.24%
- 1Y
- -97.76%
- 3Y*
- -87.41%
- 5Y*
- -80.25%
- 10Y*
- -79.54%
TYD vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -7.02% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 5.64% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -93.50% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -69.39% |
Correlation
The correlation between TYD and SOXS is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010 | 0.18 |
The correlation between TYD and SOXS shifts across timeframes, from -0.08 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TYD vs. SOXS — Risk / Return Rank
TYD
SOXS
TYD vs. SOXS - 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 Semiconductor Bear 3x Shares (SOXS). 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 | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +3.20 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.63 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | -1.00 | +0.79 |
| Martin ratioReturn relative to average drawdown | -0.52 | -1.51 | +0.99 |
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Drawdowns
TYD vs. SOXS - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TYD and SOXS.
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Drawdown Indicators
| TYD | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -100.00% | +35.72% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -97.94% | +84.40% |
Max Drawdown (3Y)Largest decline over 3 years | -24.62% | -99.87% | +75.25% |
Max Drawdown (5Y)Largest decline over 5 years | -59.84% | -99.98% | +40.14% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | -100.00% | +35.72% |
Current DrawdownCurrent decline from peak | -59.59% | -100.00% | +40.41% |
Average DrawdownAverage peak-to-trough decline | -22.05% | -92.61% | +70.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 67.48% | -61.94% |
Volatility
TYD vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 4.04%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 66.67%. This indicates that TYD experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYD | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 66.67% | -62.63% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 100.39% | -90.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.85% | 117.32% | -103.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.98% | 111.39% | -88.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.33% | 102.09% | -81.76% |
TYD vs. SOXS - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than SOXS's 1.08% expense ratio.
Dividends
TYD vs. SOXS - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.26%, less than SOXS's 83.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 83.05% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% | 0.00% | 0.00% | 0.00% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.26% | 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 SOXS have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (66.67%) compared to TYD (4.04%). In terms of maximum drawdown, TYD dropped -64.28% vs SOXS's -100.00%.
On 10-year performance, TYD leads with -5.34% vs -79.54% for SOXS. On fees, SOXS is cheaper at 1.08% per year. On volatility, TYD has been the lower-risk option at 4.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TYD has performed better with a -5.34% return vs -79.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXS is cheaper with a 1.08% expense ratio, compared with 1.09% for TYD.
SOXS has the higher dividend yield at 83.05%, compared with 3.26% for TYD.
TYD is categorized as Leveraged Bonds, while SOXS is Inverse Equities. TYD tracks NYSE 7-10 Year Treasury Bond Index, while SOXS tracks PHLX Semiconductor Index (-300%). Their fees differ too: 1.09% for TYD and 1.08% for SOXS.
TYD currently has the higher Sharpe Ratio (-0.21 vs -0.83), 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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