TYD vs. TSLL
TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and TSLL (Direxion Daily TSLA Bull 2X ETF) are both exchange-traded funds - TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index, while TSLL is a Leveraged Equities fund actively managed by Direxion. TYD is passively managed, while TSLL is actively managed. Over the past 3 years, TYD returned -3.83%/yr vs -20.90%/yr for TSLL. Their 0.07 correlation means their historical movements had little consistent relationship. TYD charges 1.09%/yr vs 0.83%/yr for TSLL.
Performance
TYD vs. TSLL - 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 TSLL's -61.15% 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%
TSLL
- 1D
- 1.39%
- 1M
- -40.57%
- 6M
- -56.61%
- YTD
- -61.15%
- 1Y
- -25.18%
- 3Y*
- -20.90%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -23.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $724.83M | $679.97M | $948.78M | |
| $420.72K | $411.37K | $510.43K |
TYD vs. TSLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -10.03% | 11.68% | -13.89% | -2.87% | -23.46% |
TSLL Direxion Daily TSLA Bull 2X ETF | -61.15% | -26.80% | 99.63% | 139.86% | -74.99% |
Correlation
The correlation between TYD and TSLL is 0.07, 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. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.07 |
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Return for Risk
TYD vs. TSLL — Risk / Return Rank
TYD
TSLL
TYD vs. TSLL - 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 TSLA Bull 2X ETF (TSLL). 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 | TSLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.02 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | -0.40 | 0.00 |
| Martin ratioReturn relative to average drawdown | -0.84 | -0.88 | +0.03 |
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Drawdowns
TYD vs. TSLL - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, smaller than the maximum TSLL drawdown of -82.88%. Use the drawdown chart below to compare losses from any high point for TYD and TSLL.
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Drawdown Indicators
| TYD | TSLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -82.88% | +18.60% |
Max Drawdown (1Y)Largest decline over 1 year | -14.41% | -70.13% | +55.72% |
Max Drawdown (3Y)Largest decline over 3 years | -22.32% | -82.88% | +60.56% |
Max Drawdown (5Y)Largest decline over 5 years | -59.80% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | — | — |
Current DrawdownCurrent decline from peak | -60.90% | -80.38% | +19.48% |
Average DrawdownAverage peak-to-trough decline | -22.29% | -54.36% | +32.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.69% | 31.62% | -24.93% |
Volatility
TYD vs. TSLL - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 3.45%, while Direxion Daily TSLA Bull 2X ETF (TSLL) has a volatility of 43.16%. This indicates that TYD experiences smaller price fluctuations and is considered to be less risky than TSLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYD | TSLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 43.16% | -39.71% |
Volatility (6M)Calculated over the trailing 6-month period | 10.38% | 70.52% | -60.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.68% | 92.41% | -78.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 107.78% | -84.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.18% | 107.78% | -87.60% |
TYD vs. TSLL - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is higher than TSLL's 0.83% expense ratio.
Dividends
TYD vs. TSLL - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.43%, less than TSLL's 13.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSLL Direxion Daily TSLA Bull 2X ETF | 13.48% | 5.00% | 2.47% | 4.44% | 1.57% | 0.00% | 0.00% | 0.00% | 0.00% | 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 TSLL have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLL has higher volatility (43.16%) compared to TYD (3.45%). In terms of maximum drawdown, TYD dropped -64.28% vs TSLL's -82.88%.
On 3-year performance, TYD leads with -3.83% vs -20.90% for TSLL. On fees, TSLL is cheaper at 0.83% 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 3-year period, TYD has performed better with a -3.83% return vs -20.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TSLL is cheaper with a 0.83% expense ratio, compared with 1.09% for TYD.
TSLL has the higher dividend yield at 13.48%, compared with 3.43% for TYD.
TYD is categorized as Leveraged Bonds, while TSLL is Leveraged Equities. Their fees differ too: 1.09% for TYD and 0.83% for TSLL.
TSLL currently has the higher Sharpe Ratio (-0.30 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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