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.
Correlation
The correlation between TYD and UJB is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
TYD vs. UJB - Performance Comparison
Key characteristics
TYD:
0.46
UJB:
1.03
TYD:
0.79
UJB:
1.54
TYD:
1.09
UJB:
1.21
TYD:
0.15
UJB:
1.01
TYD:
0.80
UJB:
6.14
TYD:
11.39%
UJB:
1.89%
TYD:
19.75%
UJB:
11.28%
TYD:
-64.28%
UJB:
-40.14%
TYD:
-58.04%
UJB:
-2.26%
Returns By Period
In the year-to-date period, TYD achieves a 7.81% return, which is significantly higher than UJB's 1.49% return. Over the past 10 years, TYD has underperformed UJB with an annualized return of -3.46%, while UJB has yielded a comparatively higher 4.28% annualized return.
TYD
7.81%
0.08%
0.24%
10.69%
-15.50%
-3.46%
UJB
1.49%
0.39%
1.73%
11.98%
7.01%
4.28%
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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 Rank
TYD
UJB
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 3.26%, more than UJB's 3.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.26% | 3.10% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.65% | 0.00% |
UJB ProShares Ultra High Yield | 3.17% | 3.02% | 3.92% | 0.05% | 0.31% | 2.88% | 3.95% | 3.22% | 2.67% | 2.36% | 3.62% | 0.31% |
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
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 7.74%, while ProShares Ultra High Yield (UJB) has a volatility of 8.30%. This indicates that TYD experiences smaller price fluctuations and is considered to be less risky than UJB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.