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 -5.77%/yr vs -78.06%/yr for SOXS. Their 0.18 correlation means their historical movements had little consistent relationship. 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 -10.03% return, which is significantly higher than SOXS's -91.17% return. Over the past 10 years, TYD has outperformed SOXS with an annualized return of -5.77%, while SOXS has yielded a comparatively lower -78.06% 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%
SOXS
- 1D
- 0.65%
- 1M
- 20.33%
- 6M
- -85.96%
- YTD
- -91.17%
- 1Y
- -96.46%
- 3Y*
- -84.46%
- 5Y*
- -78.46%
- 10Y*
- -78.06%
- ALL TIME*
- -70.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.72B | $3.43B | $3.32B | |
| $420.72K | $411.37K | $510.43K |
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 | -10.03% | 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 | -91.17% | -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 -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.06 |
Correlation (3Y) Balances recent behavior with more history. | -0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.02 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 -0.06 (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 | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.74 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | -0.98 | +0.59 |
| Martin ratioReturn relative to average drawdown | -0.84 | -1.35 | +0.51 |
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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 | -14.41% | -97.89% | +83.48% |
Max Drawdown (3Y)Largest decline over 3 years | -22.32% | -99.87% | +77.55% |
Max Drawdown (5Y)Largest decline over 5 years | -59.80% | -99.98% | +40.18% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | -100.00% | +35.72% |
Current DrawdownCurrent decline from peak | -60.90% | -100.00% | +39.10% |
Average DrawdownAverage peak-to-trough decline | -22.29% | -92.65% | +70.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.69% | 71.27% | -64.58% |
Volatility
TYD vs. SOXS - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 3.45%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 55.41%. 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 | 3.45% | 55.41% | -51.96% |
Volatility (6M)Calculated over the trailing 6-month period | 10.38% | 117.32% | -106.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.68% | 132.87% | -119.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 114.55% | -91.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.18% | 103.76% | -83.58% |
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 3.43%, less than SOXS's 41.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 41.84% | 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 | 3.43% | 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 SOXS have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (55.41%) compared to TYD (3.45%). In terms of maximum drawdown, TYD dropped -64.28% vs SOXS's -100.00%.
On 10-year performance, TYD leads with -5.77% vs -78.06% for SOXS. On fees, SOXS is cheaper at 1.08% 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, TYD has performed better with a -5.77% return vs -78.06%. 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 41.84%, compared with 3.43% 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 (-0.41 vs -0.73), 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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