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:
-0.26
^GSPC:
0.25
TYO:
-0.23
^GSPC:
0.41
TYO:
0.97
^GSPC:
1.06
TYO:
-0.06
^GSPC:
0.30
TYO:
-0.51
^GSPC:
1.15
TYO:
10.08%
^GSPC:
3.18%
TYO:
19.84%
^GSPC:
14.78%
TYO:
-89.25%
^GSPC:
-56.78%
TYO:
-79.61%
^GSPC:
-12.17%
Returns By Period
In the year-to-date period, TYO achieves a -10.85% return, which is significantly lower than ^GSPC's -8.25% return. Over the past 10 years, TYO has underperformed ^GSPC with an annualized return of -1.44%, while ^GSPC has yielded a comparatively higher 10.02% annualized return.
TYO
-10.85%
-3.52%
5.02%
-5.03%
12.58%
-1.44%
^GSPC
-8.25%
-6.60%
-5.32%
3.55%
16.80%
10.02%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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
The current volatility for Direxion Daily 7-10 Year Treasury Bear 3X (TYO) is 5.71%, while S&P 500 (^GSPC) has a volatility of 7.38%. This indicates that TYO experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.