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 -5.77%/yr vs 45.88%/yr for TECL. Their -0.17 correlation means they have often moved in opposite directions in the past. 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 -10.03% return, which is significantly lower than TECL's 48.00% return. Over the past 10 years, TYD has underperformed TECL with an annualized return of -5.77%, while TECL has yielded a comparatively higher 45.88% 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%
TECL
- 1D
- -0.52%
- 1M
- -11.12%
- 6M
- 50.64%
- YTD
- 48.00%
- 1Y
- 91.25%
- 3Y*
- 47.81%
- 5Y*
- 24.87%
- 10Y*
- 45.88%
- ALL TIME*
- 46.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $140.43M | $155.29M | $226.00M | |
| $420.72K | $411.37K | $510.43K |
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 | -10.03% | 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 | 48.00% | 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 0.10, 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. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (10Y) Provides a long-term view across more market conditions. | -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 0.10 (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 | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.21 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 1.71 | -2.10 |
| Martin ratioReturn relative to average drawdown | -0.84 | 4.07 | -4.91 |
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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 | -14.41% | -46.58% | +32.17% |
Max Drawdown (3Y)Largest decline over 3 years | -22.32% | -66.58% | +44.26% |
Max Drawdown (5Y)Largest decline over 5 years | -59.80% | -77.96% | +18.16% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | -77.96% | +13.68% |
Current DrawdownCurrent decline from peak | -60.90% | -36.44% | -24.46% |
Average DrawdownAverage peak-to-trough decline | -22.29% | -18.45% | -3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.69% | 19.52% | -12.83% |
Volatility
TYD vs. TECL - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 3.45%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 28.17%. 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 | 3.45% | 28.17% | -24.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.38% | 65.35% | -54.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.68% | 76.26% | -62.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 76.62% | -53.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.18% | 73.57% | -53.39% |
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 3.43%, less than TECL's 4.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TECL Direxion Daily Technology Bull 3X Shares | 4.81% | 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 | 3.43% | 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 TECL have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECL has higher volatility (28.17%) compared to TYD (3.45%). In terms of maximum drawdown, TYD dropped -64.28% vs TECL's -77.96%.
On 10-year performance, TECL leads with 45.88% vs -5.77% for TYD. On fees, TECL is cheaper at 0.91% 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, TECL has performed better with a 45.88% return vs -5.77%. 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 4.81%, compared with 3.43% 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 (1.05 vs -0.41), 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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