TYO vs. TSYW
TYO (Direxion Daily 7-10 Year Treasury Bear 3X) and TSYW (Roundhill Treasury Bond WeeklyPay ETF) are both Leveraged Bonds funds. TYO is passively managed, while TSYW is actively managed. At a correlation of -0.87, they often move in opposite directions. TYO charges 1.08%/yr vs 0.99%/yr for TSYW.
Performance
TYO vs. TSYW - Performance Comparison
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Returns By Period
In the year-to-date period, TYO achieves a 8.03% return, which is significantly higher than TSYW's -2.14% return.
TYO
- 1D
- 1.07%
- 1M
- 1.54%
- YTD
- 8.03%
- 6M
- 11.18%
- 1Y
- 3.00%
- 3Y*
- 7.71%
- 5Y*
- 12.51%
- 10Y*
- 1.79%
TSYW
- 1D
- -0.50%
- 1M
- 0.63%
- YTD
- -2.14%
- 6M
- -4.49%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TYO vs. TSYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TYO Direxion Daily 7-10 Year Treasury Bear 3X | 8.03% | 2.05% |
TSYW Roundhill Treasury Bond WeeklyPay ETF | -2.14% | -2.56% |
Correlation
The correlation between TYO and TSYW is -0.87, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 14, 2025 | -0.87 |
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Return for Risk
TYO vs. TSYW — Risk / Return Rank
TYO
TSYW
TYO vs. TSYW - 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 Roundhill Treasury Bond WeeklyPay ETF (TSYW). 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 | TSYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.05 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | — | — |
| Martin ratioReturn relative to average drawdown | 0.51 | — | — |
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 | TSYW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.21 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.34 | -0.78 | +0.44 |
Drawdowns
TYO vs. TSYW - Drawdown Comparison
The maximum TYO drawdown since its inception was -89.25%, which is greater than TSYW's maximum drawdown of -9.79%. Use the drawdown chart below to compare losses from any high point for TYO and TSYW.
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Drawdown Indicators
| TYO | TSYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.25% | -9.79% | -79.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.48% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -24.40% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.21% | — | — |
Current DrawdownCurrent decline from peak | -77.19% | -6.51% | -70.68% |
Average DrawdownAverage peak-to-trough decline | -71.09% | -3.99% | -67.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.85% | — | — |
Volatility
TYO vs. TSYW - Volatility Comparison
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Volatility by Period
| TYO | TSYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.14% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.56% | 10.78% | +3.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.23% | 10.78% | +12.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.19% | 10.78% | +9.41% |
TYO vs. TSYW - Expense Ratio Comparison
TYO has a 1.08% expense ratio, which is higher than TSYW's 0.99% expense ratio.
Dividends
TYO vs. TSYW - Dividend Comparison
TYO's dividend yield for the trailing twelve months is around 2.82%, less than TSYW's 7.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
TSYW Roundhill Treasury Bond WeeklyPay ETF | 7.44% | 1.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TYO Direxion Daily 7-10 Year Treasury Bear 3X | 2.82% | 3.69% | 4.22% | 3.62% | 0.09% | 0.00% | 0.36% | 1.58% | 0.32% |
Frequently Asked Questions
TYO and TSYW have a correlation of -0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSYW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSYW is cheaper with a 0.99% expense ratio, compared with 1.08% for TYO.
TSYW has the higher dividend yield at 7.44%, compared with 2.82% for TYO.
They also come from different issuers: Direxion and Roundhill. Their fees differ too: 1.08% for TYO and 0.99% for TSYW.
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