UTSL vs. TYD
UTSL (Direxion Daily Utilities Bull 3X Shares) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both exchange-traded funds - UTSL is a Leveraged Equities fund tracking the Utilities Select Sector Index (300%), while TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, UTSL returned 10.33%/yr vs -14.54%/yr for TYD. At a 0.16 correlation, their price movements are largely independent. UTSL charges 0.99%/yr vs 1.09%/yr for TYD.
Performance
UTSL vs. TYD - Performance Comparison
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Returns By Period
In the year-to-date period, UTSL achieves a 9.61% return, which is significantly higher than TYD's -8.67% return.
UTSL
- 1D
- -0.02%
- 1M
- 1.69%
- 6M
- 8.72%
- YTD
- 9.61%
- 1Y
- 12.25%
- 3Y*
- 17.95%
- 5Y*
- 10.33%
- 10Y*
- —
- ALL TIME*
- 8.71%
TYD
- 1D
- -0.78%
- 1M
- -3.38%
- 6M
- -6.39%
- YTD
- -8.67%
- 1Y
- -3.97%
- 3Y*
- -4.77%
- 5Y*
- -14.54%
- 10Y*
- -5.55%
- ALL TIME*
- 0.96%
UTSL vs. TYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTSL Direxion Daily Utilities Bull 3X Shares | 9.61% | 29.03% | 54.24% | -35.55% | -14.06% | 48.16% | -38.58% | 81.07% | -2.27% | 11.00% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -8.67% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 0.03% |
Correlation
The correlation between UTSL and TYD is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 3, 2017 | 0.16 |
The correlation between UTSL and TYD shifts across timeframes, from 0.16 (all time) to 0.28 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
UTSL vs. TYD — Risk / Return Rank
UTSL
TYD
UTSL vs. TYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Utilities Bull 3X Shares (UTSL) and Direxion Daily 7-10 Year Treasury Bull 3X (TYD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UTSL | TYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.96 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | -0.29 | +0.73 |
| Martin ratioReturn relative to average drawdown | 0.83 | -0.64 | +1.46 |
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Drawdowns
UTSL vs. TYD - Drawdown Comparison
The maximum UTSL drawdown since its inception was -79.55%, which is greater than TYD's maximum drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for UTSL and TYD.
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Drawdown Indicators
| UTSL | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.55% | -64.28% | -15.27% |
Max Drawdown (1Y)Largest decline over 1 year | -28.45% | -13.54% | -14.91% |
Max Drawdown (3Y)Largest decline over 3 years | -46.22% | -22.32% | -23.90% |
Max Drawdown (5Y)Largest decline over 5 years | -68.01% | -59.84% | -8.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.28% | — |
Current DrawdownCurrent decline from peak | -19.30% | -60.31% | +41.01% |
Average DrawdownAverage peak-to-trough decline | -33.01% | -22.22% | -10.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.87% | 6.24% | +8.63% |
Volatility
UTSL vs. TYD - Volatility Comparison
Direxion Daily Utilities Bull 3X Shares (UTSL) has a higher volatility of 12.77% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 3.93%. This indicates that UTSL's price experiences larger fluctuations and is considered to be riskier than TYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTSL | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.77% | 3.93% | +8.84% |
Volatility (6M)Calculated over the trailing 6-month period | 35.46% | 10.30% | +25.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.31% | 13.80% | +30.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.02% | 22.92% | +29.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.08% | 20.20% | +38.88% |
UTSL vs. TYD - Expense Ratio Comparison
UTSL has a 0.99% expense ratio, which is lower than TYD's 1.09% expense ratio.
Dividends
UTSL vs. TYD - Dividend Comparison
UTSL's dividend yield for the trailing twelve months is around 1.60%, less than TYD's 3.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.38% | 2.97% | 3.10% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.65% |
UTSL Direxion Daily Utilities Bull 3X Shares | 1.60% | 1.69% | 1.61% | 3.61% | 1.15% | 1.19% | 1.40% | 5.01% | 1.46% | 0.57% | 0.00% | 0.00% |
Frequently Asked Questions
UTSL and TYD have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTSL has higher volatility (12.77%) compared to TYD (3.93%). In terms of maximum drawdown, UTSL dropped -79.55% vs TYD's -64.28%.
On 5-year performance, UTSL leads with 10.33% vs -14.54% for TYD. On fees, UTSL is cheaper at 0.99% per year. On volatility, TYD has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UTSL has performed better with a 10.33% return vs -14.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UTSL is cheaper with a 0.99% expense ratio, compared with 1.09% for TYD.
TYD has the higher dividend yield at 3.38%, compared with 1.60% for UTSL.
UTSL is categorized as Leveraged Equities, while TYD is Leveraged Bonds. UTSL tracks Utilities Select Sector Index (300%), while TYD tracks NYSE 7-10 Year Treasury Bond Index. Their fees differ too: 0.99% for UTSL and 1.09% for TYD.
UTSL currently has the higher Sharpe Ratio (0.28 vs -0.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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