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ETFs

Direxion Daily 7-10 Year Treasury Bear 3X Shares (based on the NYSE 7-10 Year Treasury Bond Index; symbol AXSVTN)

TYO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 16 2009
Expense Ratio
0.95%
Type
US Bonds
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$770,610
AUM
$26,815,818
Associated Index
ICE U.S. Treasury 7-10 Year Bond Index
Inverse/Leveraged
Inverse (-3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
GOLDMAN SACHS FIN GOV 465 INSTITUT
-7.71%
n/a
GOLDMAN FINL SQ TRSRY INST 506
-12.76%
n/a
DREYFUS GOVT CASH MAN INS
-30.77%
Invest with TYO

What is TYO?

The Direxion Daily 7-10 Year Treasury Bull & Bear 3x Shares seek daily investment results, before fees and expenses, of 300% or 300% of the inverse (or opposite) of the performance of the ICE U.S. Treasury 7-10 Year Bond Index. There is no guarantee the funds will meet their stated investment objectives. These leveraged ETFs seek a return that is +300% 0r -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark s cumulative return for periods greater than a day. The ICE U.S. Treasury 7-10 Year Bond Index is a market value weighted index that includes publicly issued U.S. Treasury securities that have a remaining maturity of greater than seven years and less than or equal to ten years. Eligible securities must be fixed rate, denominated in U.S. dollars, and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. Securities excluded from the Index are zero-coupon STRIPS, inflation linked securities, floating rate notes, cash management and Treasury bills, and any government agency debt issued with or without a government guarantee. One cannot directly invest in an Index.

ETFs related toTYO

ETFs correlated to TYO include PST, TBX, TTT

TYO
Direxion Shares ETF Trust - Direxion Daily 7-10 Year Treasury Bear -3X Shares
PST
Invesco Capital Management LLC - PowerShares UltraShort Lehman 7-10 + Year Treasury ProShares -2X Sh
TBX
ProShares Trust - ProShares Short 7-10 Year Treasury -1x Shares
TTT
ProShares Trust - ProShares UltraPro Short 20+ Year Treasury -3x Shares
TMV
Direxion Shares ETF Trust - Direxion Daily 20+ Year Treasury Bear -3X Shares
TBF
ProShares Trust - ProShares Short 20+ Year Treasury -1x Shares
TBT
Invesco Capital Management LLC - PowerShares UltraShort Lehman 20+ Year Treasury ProShares 2x Shares
DBMF
Manager Directed Portfolios - iMGP DBi Managed Futures Strategy ETF
PFIX
Simplify Exchange Traded Funds - Simplify Interest Rate Hedge ETF
KMLM
KraneShares Trust - KFA Mount Lucas Managed Futures Index Strategy ETF
GLL
ProShares Trust - ProShares UltraShort Gold -2x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
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Risk Rating

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Create your own algorithmic trading strategy with TYO using Composer

FAQ

TYO is a US Bonds ETF. The Direxion Daily 7-10 Year Treasury Bull & Bear 3x Shares seek daily investment results, before fees and expenses, of 300% or 300% of the inverse (or opposite) of the performance of the ICE U.S. Treasury 7-10 Year Bond Index. There is no guarantee the funds will meet their stated investment objectives. These leveraged ETFs seek a return that is +300% 0r -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark s cumulative return for periods greater than a day. The ICE U.S. Treasury 7-10 Year Bond Index is a market value weighted index that includes publicly issued U.S. Treasury securities that have a remaining maturity of greater than seven years and less than or equal to ten years. Eligible securities must be fixed rate, denominated in U.S. dollars, and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. Securities excluded from the Index are zero-coupon STRIPS, inflation linked securities, floating rate notes, cash management and Treasury bills, and any government agency debt issued with or without a government guarantee. One cannot directly invest in an Index.

TYO tracks the ICE U.S. Treasury 7-10 Year Bond Index.

No, TYO is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, TYO is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TYO is 0.07%. This is the percent change in the value of TYO over the most recent 1-month period. The 3-month return on TYO is 0.2064%. This is the percent change in the value of TYO over the most recent 3-month period.

The standard deviation of TYO for the past year is 0.2957%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TYO include UST, SJB, and UJB.

ETFs correlated to TYO include PST, TBX, and TTT.

ETFs that are inversely correlated to TYO include IEF, TYD, and UTEN.

Yes, TYO is a Inverse (-3x) ETF: This means that TYO will try to match the performance of ICE U.S. Treasury 7-10 Year Bond Index, but with 3x the returns.

Yes, TYO is a Inverse (-3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of ICE U.S. Treasury 7-10 Year Bond Index, but move 3x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.