Direxion Daily 7-10 Year Treasury Bull 3X Shares
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$25.82
- Net Assets:$0 Million
- NAV:$26.13
- Premium-1.19%
- Peer Rank:60 of 62
- Investment Rating:E+
- Performance:E
- RiskC
We rate Direxion Daily 7 10 Yr Trs Bull 3X at E+. Negative factors that influence this rating include a well below average total return. The fund invests approximately 84% of its assets in bonds and may be considered for investors seeking a Government Bond strategy.
Total return ranks well below peers over the last three years. The Direxion Daily 7 10 Yr Trs Bull 3X has returned an annual rate of 1.34% since inception. More recently, the fund has generated a total return of -7.49% in the last five years, -19.38% in the last three years, and -6.89% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 5% of them. It has also outpaced 3% of its competitors on a three year basis and 7% of them over the last year for the period ending 2/29/2024. On a year to date basis, TYD has returned -6.76%.
Downside risk has been above average. TYD has a draw down risk of -59.43%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 25.8%. This fund has experienced excessive volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. As TYD is an exchange traded fund, it has no front end or back end load.
The Direxion Daily 7 10 Yr Trs Bull 3X is managed by Sackett S. Cook, Jr. at Rafferty Asset Management LLC. This fund is one of 64 Rafferty Asset Management LLC exchange-traded funds launched since 11/5/2008 that we track.