ACES vs TYO
ALPS Clean Energy ETF vs Direxion Daily 7-10 Year Treasury Bear 3X ETF
Quick Verdict
ACES has a lower expense ratio. ACES delivered stronger 1-year returns. ACES offers more diversification with 37 holdings.
Side-by-Side Comparison
| Metric | ACES | TYO | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 1.00% | |
| AUM | $109M | $12M | |
| Dividend Yield | 1.22% | 2.62% | |
| Holdings | 38 | 6 | |
| YTD Return | -5.34% | +12.13% | |
| 1Y Return | +18.63% | +11.94% | |
| 3Y Return (annualized) | -8.28% | +5.20% | |
| 5Y Return (annualized) | -14.26% | +14.80% | |
| Volatility (annualized) | 35.3% | 19.3% | |
| Max Drawdown | -79.0% | -90.4% | |
| Fund Family | ALPS Advisors | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Jun 27, 2018 | Apr 16, 2009 |
ACES vs TYO Performance
ALPS Clean Energy ETF (ACES) is a ETF from ALPS Advisors and Direxion Daily 7-10 Year Treasury Bear 3X ETF (TYO) is a ETF from Direxion Shares ETF Trust. Over the past year ACES returned +18.63% while TYO returned +11.94%. Year to date, ACES is down 5.34% versus a gain of 12.13% for TYO.
Over three years, ACES compounded at -8.28% per year against +5.20% for TYO; over five years the annualized figures are -14.26% and +14.80% respectively. Across the full 8-year window we track, ACES has the edge at +3.60% annualized vs -7.19%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ACES has been the more volatile fund, with annualized monthly volatility of 35.3% compared with 19.3% for TYO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -79.0% for ACES and -90.4% for TYO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.24. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ACES charges 0.55% per year while TYO charges 1.00%. On a $10,000 position that is $55 vs $100 annually, a gap of $45 per year that compounds over a long holding period. On income, ACES currently yields 1.22% against 2.62% for TYO.
Holdings Overlap
ACES and TYO share 0 holdings out of 40 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ACES or TYO?
ACES has an expense ratio of 0.55% while TYO charges 1.00%. ACES is the cheaper option. On a $10,000 investment, that is $45 per year of difference.
Which performed better, ACES or TYO?
Over the past year ACES returned +18.63% vs +11.94% for TYO, so ACES leads on 1-year performance. Over the longest common window we track (8 years), ACES annualized +3.60% vs -7.19% for TYO. Past performance does not guarantee future results.
Which is riskier, ACES or TYO?
ACES has been the more volatile fund at 35.3% annualized versus 19.3% for TYO. Worst drawdown: ACES -79.0% vs TYO -90.4%.
Should I hold both ACES and TYO?
ACES and TYO have a monthly-return correlation of -0.24, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ACES and TYO?
ACES and TYO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 40 unique securities.
Which pays a higher dividend, ACES or TYO?
ACES yields 1.22% while TYO yields 2.62%, so TYO currently pays the higher dividend yield.
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