TYD vs. TECL
TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and TECL (Direxion Daily Technology Bull 3X Shares) are both exchange-traded funds - TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index, while TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%). Both are passively managed. Over the past 10 years, TYD returned -5.34%/yr vs 52.52%/yr for TECL. At a correlation of -0.17, they often move in opposite directions. TYD charges 1.09%/yr vs 0.91%/yr for TECL.
Performance
TYD vs. TECL - Performance Comparison
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Returns By Period
In the year-to-date period, TYD achieves a -7.02% return, which is significantly lower than TECL's 79.13% return. Over the past 10 years, TYD has underperformed TECL with an annualized return of -5.34%, while TECL has yielded a comparatively higher 52.52% 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%
TECL
- 1D
- -12.35%
- 1M
- 1.15%
- YTD
- 79.13%
- 6M
- 71.47%
- 1Y
- 169.88%
- 3Y*
- 65.84%
- 5Y*
- 33.78%
- 10Y*
- 52.52%
TYD vs. TECL - 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% |
TECL Direxion Daily Technology Bull 3X Shares | 79.13% | 38.60% | 36.15% | 203.14% | -74.32% | 112.80% | 69.46% | 185.58% | -24.03% | 124.82% |
Correlation
The correlation between TYD and TECL is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2009 | -0.17 |
The correlation between TYD and TECL shifts across timeframes, from -0.17 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TYD vs. TECL — Risk / Return Rank
TYD
TECL
TYD vs. TECL - 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 Technology Bull 3X Shares (TECL). 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 | TECL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.65 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.34 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 3.67 | -3.88 |
| Martin ratioReturn relative to average drawdown | -0.52 | 10.12 | -10.64 |
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Drawdowns
TYD vs. TECL - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for TYD and TECL.
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Drawdown Indicators
| TYD | TECL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -77.96% | +13.68% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -46.58% | +33.04% |
Max Drawdown (3Y)Largest decline over 3 years | -24.62% | -66.58% | +41.96% |
Max Drawdown (5Y)Largest decline over 5 years | -59.84% | -77.96% | +18.12% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | -77.96% | +13.68% |
Current DrawdownCurrent decline from peak | -59.59% | -23.07% | -36.52% |
Average DrawdownAverage peak-to-trough decline | -22.05% | -18.38% | -3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 16.85% | -11.31% |
Volatility
TYD vs. TECL - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 4.04%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 38.27%. This indicates that TYD experiences smaller price fluctuations and is considered to be less risky than TECL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYD | TECL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 38.27% | -34.23% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 59.36% | -49.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.85% | 70.05% | -56.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.98% | 75.49% | -52.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.33% | 73.01% | -52.68% |
TYD vs. TECL - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than TECL's 0.91% expense ratio.
Dividends
TYD vs. TECL - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.26%, less than TECL's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TECL Direxion Daily Technology Bull 3X Shares | 3.97% | 7.19% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% | 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 TECL have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECL has higher volatility (38.27%) compared to TYD (4.04%). In terms of maximum drawdown, TYD dropped -64.28% vs TECL's -77.96%.
On 10-year performance, TECL leads with 52.52% vs -5.34% for TYD. On fees, TECL is cheaper at 0.91% 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, TECL has performed better with a 52.52% return vs -5.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TECL is cheaper with a 0.91% expense ratio, compared with 1.09% for TYD.
TECL has the higher dividend yield at 3.97%, compared with 3.26% for TYD.
TYD is categorized as Leveraged Bonds, while TECL is Leveraged Equities. TYD tracks NYSE 7-10 Year Treasury Bond Index, while TECL tracks Technology Select Sector Index (300%). Their fees differ too: 1.09% for TYD and 0.91% for TECL.
TECL currently has the higher Sharpe Ratio (2.44 vs -0.21), 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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