TYD vs. UJB
Compare and contrast key facts about Direxion Daily 7-10 Year Treasury Bull 3X (TYD) and ProShares Ultra High Yield (UJB).
TYD and UJB 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. UJB is a passively managed fund by ProShares that tracks the performance of the iBoxx $ Liquid High Yield Index (200%). It was launched on Apr 13, 2011. Both TYD and UJB 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 UJB.
Key characteristics
| TYD | UJB | |
|---|---|---|
| YTD Return | -11.56% | 10.34% |
| 1Y Return | 4.37% | 22.35% |
| 3Y Return (Ann) | -21.10% | 0.32% |
| 5Y Return (Ann) | -11.72% | 3.20% |
| 10Y Return (Ann) | -2.96% | 7.56% |
| Sharpe Ratio | 0.19 | 2.36 |
| Sortino Ratio | 0.42 | 3.51 |
| Omega Ratio | 1.05 | 1.43 |
| Calmar Ratio | 0.07 | 1.16 |
| Martin Ratio | 0.44 | 15.52 |
| Ulcer Index | 9.48% | 1.41% |
| Daily Std Dev | 21.56% | 9.29% |
| Max Drawdown | -64.28% | -40.14% |
| Current Drawdown | -60.02% | -1.14% |
Correlation
The correlation between TYD and UJB is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TYD vs. UJB - Performance Comparison
In the year-to-date period, TYD achieves a -11.56% return, which is significantly lower than UJB's 10.34% return. Over the past 10 years, TYD has underperformed UJB with an annualized return of -2.96%, while UJB has yielded a comparatively higher 7.56% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TYD vs. UJB - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is lower than UJB's 1.27% expense ratio.
Risk-Adjusted Performance
TYD vs. UJB - 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 ProShares Ultra High Yield (UJB). 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. UJB - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.23%, more than UJB's 3.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.23% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.64% | 0.00% |
UJB ProShares Ultra High Yield | 3.00% | 3.92% | 0.05% | 0.31% | 2.88% | 3.95% | 3.22% | 2.67% | 2.36% | 3.62% | 0.30% |
Drawdowns
TYD vs. UJB - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, which is greater than UJB's maximum drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for TYD and UJB. For additional features, visit the drawdowns tool.
Volatility
TYD vs. UJB - Volatility Comparison
Direxion Daily 7-10 Year Treasury Bull 3X (TYD) has a higher volatility of 6.24% compared to ProShares Ultra High Yield (UJB) at 2.25%. This indicates that TYD's price experiences larger fluctuations and is considered to be riskier than UJB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.