TYD vs. TSLL

Last updated Jun 3, 2026

TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and TSLL (Direxion Daily TSLA Bull 1.5X Shares) 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 -4.80%/yr vs 9.79%/yr for TSLL. At a 0.06 correlation, their price movements are largely independent. TYD charges 1.09%/yr vs 1.08%/yr for TSLL.

Performance

TYD vs. TSLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily 7-10 Year Treasury Bull 3X (TYD) and Direxion Daily TSLA Bull 1.5X Shares (TSLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TYD achieves a -5.40% return, which is significantly higher than TSLL's -20.85% return.

TYD

• 1D: 0.13%
• 1M: -1.42%
• YTD: -5.40%
• 6M: -7.08%
• 1Y: 1.17%
• 3Y*: -4.80%
• 5Y*: -12.47%
• 10Y*: -4.63%

TSLL

• 1D: 3.73%
• 1M: 14.84%
• YTD: -20.85%
• 6M: -14.93%
• 1Y: 8.13%
• 3Y*: 9.79%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TYD vs. TSLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TYD Direxion Daily 7-10 Year Treasury Bull 3X	-5.40%	11.68%	-13.89%	-2.87%	-22.81%
TSLL Direxion Daily TSLA Bull 1.5X Shares	-20.85%	-26.80%	99.63%	139.86%	-73.85%

Correlation

The correlation between TYD and TSLL is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (All Time) Calculated using the full available price history since Aug 10, 2022	0.06

TYD vs. TSLL - Sectors Allocation Comparison

Sectors	TYD	TSLL
Financial Services	21.5%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	100.0%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

TYD vs. TSLL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TYD

TYD Risk / Return Rank: 9
TYD Sharpe Ratio Rank: 10
TYD Sortino Ratio Rank: 9
TYD Omega Ratio Rank: 9
TYD Calmar Ratio Rank: 9
TYD Martin Ratio Rank: 9

TSLL

TSLL Risk / Return Rank: 12
TSLL Sharpe Ratio Rank: 10
TSLL Sortino Ratio Rank: 16
TSLL Omega Ratio Rank: 16
TSLL Calmar Ratio Rank: 10
TSLL Martin Ratio Rank: 10

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 1.5X Shares (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.

	TYD	TSLL	Difference
Sharpe ratio Return per unit of total volatility	0.08	0.09	0.00
Sortino ratio Return per unit of downside risk	0.22	0.79	-0.56
Omega ratio Gain probability vs. loss probability	1.02	1.10	-0.07
Calmar ratio Return relative to maximum drawdown	0.02	0.11	-0.10
Martin ratio Return relative to average drawdown	0.05	0.23	-0.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TYD vs. TSLL - Sharpe Ratio Comparison

The current TYD Sharpe Ratio is 0.08, which is comparable to the TSLL Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of TYD and TSLL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TYD	TSLL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.08	0.09	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.55	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	-0.08	+0.13

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.

Drawdown Indicators

	TYD	TSLL	Difference
Max Drawdown Largest peak-to-trough decline	-64.28%	-82.88%	+18.60%
Max Drawdown (1Y) Largest decline over 1 year	-13.54%	-54.75%	+41.21%
Max Drawdown (3Y) Largest decline over 3 years	-25.04%	-82.88%	+57.84%
Max Drawdown (5Y) Largest decline over 5 years	-59.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.28%	—	—
Current Drawdown Current decline from peak	-58.89%	-60.03%	+1.14%
Average Drawdown Average peak-to-trough decline	-21.94%	-53.82%	+31.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.92%	26.64%	-21.72%

Volatility

TYD vs. TSLL - Volatility Comparison

The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 4.26%, while Direxion Daily TSLA Bull 1.5X Shares (TSLL) has a volatility of 24.25%. 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.

Volatility by Period

	TYD	TSLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	24.25%	-19.99%
Volatility (6M) Calculated over the trailing 6-month period	9.67%	54.47%	-44.80%
Volatility (1Y) Calculated over the trailing 1-year period	14.13%	92.40%	-78.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.98%	106.93%	-83.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.37%	106.93%	-86.56%

TYD vs. TSLL - Expense Ratio Comparison

TYD has a 1.09% expense ratio, which is higher than TSLL's 1.08% expense ratio.

Dividends

TYD vs. TSLL - Dividend Comparison

TYD's dividend yield for the trailing twelve months is around 3.20%, less than TSLL's 6.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TSLL Direxion Daily TSLA Bull 1.5X Shares	6.46%	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	3.20%	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

Can I hold both TYD and TSLL in my portfolio?

TYD and TSLL have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TYD or TSLL?

TSLL has higher volatility (24.25%) compared to TYD (4.26%). In terms of maximum drawdown, TYD dropped -64.28% vs TSLL's -82.88%.

Which ETF is better, TYD or TSLL?

On 3-year performance, TSLL leads with 9.79% vs -4.80% for TYD. On fees, TSLL is cheaper at 1.08% per year. On volatility, TYD has been the lower-risk option at 4.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TYD or TSLL?

Over the 3-year period, TSLL has performed better with a 9.79% return vs -4.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TYD or TSLL?

TSLL is cheaper with a 1.08% expense ratio, compared with 1.09% for TYD.

Which ETF pays a higher dividend yield, TYD or TSLL?

TSLL has the higher dividend yield at 6.46%, compared with 3.20% for TYD.

What is the main difference between TYD and TSLL?

TYD is categorized as Leveraged Bonds, while TSLL is Leveraged Equities. Their fees differ too: 1.09% for TYD and 1.08% for TSLL.

Which has better risk-adjusted returns?

TSLL currently has the higher Sharpe Ratio (0.09 vs 0.08), 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.