TYO vs. SPY
Compare and contrast key facts about Direxion Daily 7-10 Year Treasury Bear 3X (TYO) and SPDR S&P 500 ETF (SPY).
TYO and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both TYO and SPY 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: TYO or SPY.
Correlation
The correlation between TYO and SPY is 0.25, 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
TYO vs. SPY - Performance Comparison
Key characteristics
TYO:
-0.08
SPY:
0.32
TYO:
0.02
SPY:
0.51
TYO:
1.00
SPY:
1.07
TYO:
-0.02
SPY:
0.39
TYO:
-0.16
SPY:
1.52
TYO:
10.04%
SPY:
3.13%
TYO:
19.60%
SPY:
14.74%
TYO:
-89.25%
SPY:
-55.19%
TYO:
-78.96%
SPY:
-12.17%
Returns By Period
The year-to-date returns for both stocks are quite close, with TYO having a -7.98% return and SPY slightly lower at -8.15%. Over the past 10 years, TYO has underperformed SPY with an annualized return of -1.14%, while SPY has yielded a comparatively higher 11.89% annualized return.
TYO
-7.98%
0.45%
9.92%
-2.04%
13.31%
-1.14%
SPY
-8.15%
-6.68%
-4.88%
4.64%
18.45%
11.89%
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TYO vs. SPY - Expense Ratio Comparison
TYO has a 1.08% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
TYO vs. SPY — Risk-Adjusted Performance Rank
TYO
SPY
TYO vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 7-10 Year Treasury Bear 3X (TYO) and SPDR S&P 500 ETF (SPY). 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
TYO vs. SPY - Dividend Comparison
TYO's dividend yield for the trailing twelve months is around 4.32%, more than SPY's 1.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYO Direxion Daily 7-10 Year Treasury Bear 3X | 4.32% | 4.22% | 3.62% | 0.09% | 0.00% | 0.37% | 1.57% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.34% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TYO vs. SPY - Drawdown Comparison
The maximum TYO drawdown since its inception was -89.25%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TYO and SPY. For additional features, visit the drawdowns tool.
Volatility
TYO vs. SPY - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bear 3X (TYO) is 4.82%, while SPDR S&P 500 ETF (SPY) has a volatility of 7.47%. This indicates that TYO experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.