TYO vs. SOXL
Compare and contrast key facts about Direxion Daily 7-10 Year Treasury Bear 3X (TYO) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
TYO and SOXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TYO 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. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. Both TYO and SOXL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
TYO vs. SOXL - Performance Comparison
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TYO vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TYO Direxion Daily 7-10 Year Treasury Bear 3X | 3.84% | -7.64% | 18.94% | 1.06% | 58.83% | 7.47% | -28.56% | -18.71% | -1.42% | -8.94% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 13.99% | 54.91% | -12.31% | 226.98% | -85.66% | 118.84% | 70.04% | 231.83% | -39.07% | 141.71% |
Returns By Period
In the year-to-date period, TYO achieves a 3.84% return, which is significantly lower than SOXL's 13.99% return. Over the past 10 years, TYO has underperformed SOXL with an annualized return of 1.01%, while SOXL has yielded a comparatively higher 39.88% annualized return.
TYO
- 1D
- -0.22%
- 1M
- 8.42%
- YTD
- 3.84%
- 6M
- 5.01%
- 1Y
- 3.53%
- 3Y*
- 8.35%
- 5Y*
- 10.58%
- 10Y*
- 1.01%
SOXL
- 1D
- 17.95%
- 1M
- -23.67%
- YTD
- 13.99%
- 6M
- 37.51%
- 1Y
- 201.41%
- 3Y*
- 38.75%
- 5Y*
- 3.09%
- 10Y*
- 39.88%
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TYO vs. SOXL - Expense Ratio Comparison
TYO has a 1.08% expense ratio, which is higher than SOXL's 0.99% expense ratio.
Return for Risk
TYO vs. SOXL — Risk / Return Rank
TYO
SOXL
TYO vs. SOXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 7-10 Year Treasury Bear 3X (TYO) and Direxion Daily Semiconductor Bull 3x Shares (SOXL). 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.
| TYO | SOXL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.22 | 1.70 | -1.48 |
Sortino ratioReturn per unit of downside risk | 0.43 | 2.34 | -1.91 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.34 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | 0.23 | 4.06 | -3.83 |
Martin ratioReturn relative to average drawdown | 0.38 | 12.39 | -12.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TYO | SOXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 1.70 | -1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.03 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | 0.41 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.35 | 0.35 | -0.70 |
Correlation
The correlation between TYO and SOXL is 0.20, 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.
Dividends
TYO vs. SOXL - Dividend Comparison
TYO's dividend yield for the trailing twelve months is around 2.93%, more than SOXL's 0.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TYO Direxion Daily 7-10 Year Treasury Bear 3X | 2.93% | 3.69% | 4.22% | 3.62% | 0.09% | 0.00% | 0.36% | 1.58% | 0.32% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.16% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Drawdowns
TYO vs. SOXL - Drawdown Comparison
The maximum TYO drawdown since its inception was -89.25%, roughly equal to the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for TYO and SOXL.
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Drawdown Indicators
| TYO | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.25% | -90.46% | +1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -11.86% | -49.26% | +37.40% |
Max Drawdown (5Y)Largest decline over 5 years | -24.40% | -90.46% | +66.06% |
Max Drawdown (10Y)Largest decline over 10 years | -52.21% | -90.46% | +38.25% |
Current DrawdownCurrent decline from peak | -78.07% | -33.33% | -44.74% |
Average DrawdownAverage peak-to-trough decline | -71.03% | -35.34% | -35.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.10% | 16.14% | -9.04% |
Volatility
TYO vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bear 3X (TYO) is 5.92%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 40.35%. This indicates that TYO experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TYO | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 40.35% | -34.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 79.51% | -69.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.40% | 119.21% | -102.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.19% | 105.43% | -82.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.22% | 97.70% | -77.48% |