TYO vs. ^GSPC
Compare and contrast key facts about Direxion Daily 7-10 Year Treasury Bear 3X (TYO) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TYO or ^GSPC.
Correlation
The correlation between TYO and ^GSPC is 0.26, 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. ^GSPC - Performance Comparison
Key characteristics
TYO:
0.69
^GSPC:
2.06
TYO:
1.13
^GSPC:
2.74
TYO:
1.13
^GSPC:
1.38
TYO:
0.17
^GSPC:
3.13
TYO:
1.52
^GSPC:
12.84
TYO:
9.33%
^GSPC:
2.07%
TYO:
20.54%
^GSPC:
12.87%
TYO:
-89.25%
^GSPC:
-56.78%
TYO:
-76.96%
^GSPC:
-1.54%
Returns By Period
In the year-to-date period, TYO achieves a 0.74% return, which is significantly lower than ^GSPC's 1.96% return. Over the past 10 years, TYO has underperformed ^GSPC with an annualized return of -0.29%, while ^GSPC has yielded a comparatively higher 11.51% annualized return.
TYO
0.74%
2.20%
9.22%
13.61%
8.63%
-0.29%
^GSPC
1.96%
2.12%
8.93%
25.43%
12.52%
11.51%
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Risk-Adjusted Performance
TYO vs. ^GSPC — Risk-Adjusted Performance Rank
TYO
^GSPC
TYO vs. ^GSPC - 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 S&P 500 (^GSPC). 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.
Drawdowns
TYO vs. ^GSPC - Drawdown Comparison
The maximum TYO drawdown since its inception was -89.25%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for TYO and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
TYO vs. ^GSPC - Volatility Comparison
Direxion Daily 7-10 Year Treasury Bear 3X (TYO) has a higher volatility of 5.70% compared to S&P 500 (^GSPC) at 5.07%. This indicates that TYO's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.