FTGS vs TYO
First Trust Growth Strength ETF vs Direxion Daily 7-10 Year Treasury Bear 3X ETF
Quick Verdict
FTGS has a lower expense ratio. FTGS delivered stronger 1-year returns. FTGS offers more diversification with 50 holdings.
Side-by-Side Comparison
| Metric | FTGS | TYO | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 1.00% | |
| AUM | $1.3B | $12M | |
| Dividend Yield | 0.09% | 2.62% | |
| Holdings | 51 | 6 | |
| YTD Return | +12.97% | +11.67% | |
| 1Y Return | +16.39% | +11.48% | |
| 3Y Return (annualized) | +18.46% | +4.90% | |
| 5Y Return (annualized) | - | +14.80% | |
| Volatility (annualized) | 14.6% | 19.3% | |
| Max Drawdown | -20.0% | -90.4% | |
| Fund Family | First Trust Portfolios (US) | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Oct 25, 2022 | Apr 16, 2009 |
FTGS vs TYO Performance
First Trust Growth Strength ETF (FTGS) is a ETF from First Trust Portfolios (US) and Direxion Daily 7-10 Year Treasury Bear 3X ETF (TYO) is a ETF from Direxion Shares ETF Trust. Over the past year FTGS returned +16.39% while TYO returned +11.48%. Year to date, FTGS is up 12.97% versus a gain of 11.67% for TYO.
Over three years, FTGS compounded at +18.46% per year against +4.90% for TYO. Across the full 4-year window we track, FTGS has the edge at +19.91% annualized vs -7.21%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TYO has been the more volatile fund, with annualized monthly volatility of 19.3% compared with 14.6% for FTGS. 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 -20.0% for FTGS 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 -0.46. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FTGS charges 0.60% per year while TYO charges 1.00%. On a $10,000 position that is $60 vs $100 annually, a gap of $40 per year that compounds over a long holding period. On income, FTGS currently yields 0.09% against 2.62% for TYO.
Holdings Overlap
FTGS and TYO share 0 holdings out of 53 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, FTGS or TYO?
FTGS has an expense ratio of 0.60% while TYO charges 1.00%. FTGS is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, FTGS or TYO?
Over the past year FTGS returned +16.39% vs +11.48% for TYO, so FTGS leads on 1-year performance. Over the longest common window we track (4 years), FTGS annualized +19.91% vs -7.21% for TYO. Past performance does not guarantee future results.
Which is riskier, FTGS or TYO?
TYO has been the more volatile fund at 19.3% annualized versus 14.6% for FTGS. Worst drawdown: FTGS -20.0% vs TYO -90.4%.
Should I hold both FTGS and TYO?
FTGS and TYO have a monthly-return correlation of -0.46, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FTGS and TYO?
FTGS and TYO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 53 unique securities.
Which pays a higher dividend, FTGS or TYO?
FTGS yields 0.09% while TYO yields 2.62%, so TYO currently pays the higher dividend yield.
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