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TYO vs. TMF
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TYO and TMF 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.


-0.50.00.51.0
Correlation: 0.3

Performance

TYO vs. TMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily 7-10 Year Treasury Bear 3X (TYO) and Direxion Daily 20-Year Treasury Bull 3X (TMF). The values are adjusted to include any dividend payments, if applicable.

-70.00%-65.00%-60.00%-55.00%NovemberDecember2025FebruaryMarchApril
-72.45%
-61.51%
TYO
TMF

Key characteristics

Sharpe Ratio

TYO:

-0.32

TMF:

-0.16

Sortino Ratio

TYO:

-0.32

TMF:

0.06

Omega Ratio

TYO:

0.96

TMF:

1.01

Calmar Ratio

TYO:

-0.08

TMF:

-0.08

Martin Ratio

TYO:

-0.61

TMF:

-0.30

Ulcer Index

TYO:

10.38%

TMF:

23.34%

Daily Std Dev

TYO:

19.93%

TMF:

42.72%

Max Drawdown

TYO:

-89.25%

TMF:

-92.11%

Current Drawdown

TYO:

-78.69%

TMF:

-91.28%

Returns By Period

In the year-to-date period, TYO achieves a -6.82% return, which is significantly lower than TMF's 2.29% return. Over the past 10 years, TYO has outperformed TMF with an annualized return of -1.20%, while TMF has yielded a comparatively lower -14.13% annualized return.


TYO

YTD

-6.82%

1M

-2.43%

6M

0.46%

1Y

-7.98%

5Y*

13.44%

10Y*

-1.20%

TMF

YTD

2.29%

1M

-1.41%

6M

-13.08%

1Y

-4.36%

5Y*

-36.71%

10Y*

-14.13%

*Annualized

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TYO vs. TMF - Expense Ratio Comparison

TYO has a 1.08% expense ratio, which is lower than TMF's 1.09% expense ratio.


Expense ratio chart for TMF: current value is 1.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TMF: 1.09%
Expense ratio chart for TYO: current value is 1.08%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TYO: 1.08%

Risk-Adjusted Performance

TYO vs. TMF — Risk-Adjusted Performance Rank

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

TYO
The Risk-Adjusted Performance Rank of TYO is 1010
Overall Rank
The Sharpe Ratio Rank of TYO is 99
Sharpe Ratio Rank
The Sortino Ratio Rank of TYO is 88
Sortino Ratio Rank
The Omega Ratio Rank of TYO is 99
Omega Ratio Rank
The Calmar Ratio Rank of TYO is 1616
Calmar Ratio Rank
The Martin Ratio Rank of TYO is 1111
Martin Ratio Rank

TMF
The Risk-Adjusted Performance Rank of TMF is 1616
Overall Rank
The Sharpe Ratio Rank of TMF is 1414
Sharpe Ratio Rank
The Sortino Ratio Rank of TMF is 1818
Sortino Ratio Rank
The Omega Ratio Rank of TMF is 1818
Omega Ratio Rank
The Calmar Ratio Rank of TMF is 1616
Calmar Ratio Rank
The Martin Ratio Rank of TMF is 1616
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

TYO vs. TMF - 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 Direxion Daily 20-Year Treasury Bull 3X (TMF). 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.


The chart of Sharpe ratio for TYO, currently valued at -0.32, compared to the broader market-1.000.001.002.003.004.00
TYO: -0.32
TMF: -0.16
The chart of Sortino ratio for TYO, currently valued at -0.32, compared to the broader market-2.000.002.004.006.008.00
TYO: -0.32
TMF: 0.06
The chart of Omega ratio for TYO, currently valued at 0.96, compared to the broader market0.501.001.502.002.50
TYO: 0.96
TMF: 1.01
The chart of Calmar ratio for TYO, currently valued at -0.08, compared to the broader market0.002.004.006.008.0010.0012.00
TYO: -0.08
TMF: -0.08
The chart of Martin ratio for TYO, currently valued at -0.61, compared to the broader market0.0020.0040.0060.00
TYO: -0.61
TMF: -0.30

The current TYO Sharpe Ratio is -0.32, which is lower than the TMF Sharpe Ratio of -0.16. The chart below compares the historical Sharpe Ratios of TYO and TMF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00NovemberDecember2025FebruaryMarchApril
-0.32
-0.16
TYO
TMF

Dividends

TYO vs. TMF - Dividend Comparison

TYO's dividend yield for the trailing twelve months is around 4.27%, more than TMF's 4.14% yield.


TTM20242023202220212020201920182017
TYO
Direxion Daily 7-10 Year Treasury Bear 3X
4.27%4.22%3.62%0.09%0.00%0.37%1.58%0.32%0.00%
TMF
Direxion Daily 20-Year Treasury Bull 3X
4.14%4.29%2.82%1.62%0.13%2.23%0.94%1.49%0.41%

Drawdowns

TYO vs. TMF - Drawdown Comparison

The maximum TYO drawdown since its inception was -89.25%, roughly equal to the maximum TMF drawdown of -92.11%. Use the drawdown chart below to compare losses from any high point for TYO and TMF. For additional features, visit the drawdowns tool.


-90.00%-85.00%-80.00%NovemberDecember2025FebruaryMarchApril
-78.69%
-91.28%
TYO
TMF

Volatility

TYO vs. TMF - Volatility Comparison

The current volatility for Direxion Daily 7-10 Year Treasury Bear 3X (TYO) is 7.89%, while Direxion Daily 20-Year Treasury Bull 3X (TMF) has a volatility of 18.20%. This indicates that TYO experiences smaller price fluctuations and is considered to be less risky than TMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
7.89%
18.20%
TYO
TMF