TYD vs. SPY
Compare and contrast key facts about Direxion Daily 7-10 Year Treasury Bull 3X (TYD) and SPDR S&P 500 ETF (SPY).
TYD and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TYD is a passively managed fund by Direxion that tracks the performance of the NYSE 7-10 Year Treasury Bond Index. It was launched on Apr 16, 2009. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both TYD and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TYD or SPY.
Correlation
The correlation between TYD and SPY is -0.23. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TYD vs. SPY - Performance Comparison
Key characteristics
TYD:
0.42
SPY:
0.54
TYD:
0.73
SPY:
0.89
TYD:
1.08
SPY:
1.13
TYD:
0.13
SPY:
0.58
TYD:
0.73
SPY:
2.39
TYD:
11.36%
SPY:
4.51%
TYD:
19.74%
SPY:
20.07%
TYD:
-64.28%
SPY:
-55.19%
TYD:
-58.46%
SPY:
-10.54%
Returns By Period
In the year-to-date period, TYD achieves a 6.74% return, which is significantly higher than SPY's -6.44% return. Over the past 10 years, TYD has underperformed SPY with an annualized return of -3.85%, while SPY has yielded a comparatively higher 11.95% annualized return.
TYD
6.74%
0.48%
-1.45%
8.75%
-15.72%
-3.85%
SPY
-6.44%
-5.00%
-5.02%
9.54%
15.80%
11.95%
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TYD vs. SPY - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
TYD vs. SPY — Risk-Adjusted Performance Rank
TYD
SPY
TYD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) and SPDR S&P 500 ETF (SPY). 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.
Dividends
TYD vs. SPY - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.29%, more than SPY's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.29% | 3.10% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.64% | 0.00% |
SPY SPDR S&P 500 ETF | 1.31% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TYD vs. SPY - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TYD and SPY. For additional features, visit the drawdowns tool.
Volatility
TYD vs. SPY - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 7.71%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.13%. This indicates that TYD experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.