HUSV vs TYO
First Trust Horizon Managed Volatility Domestic ETF vs Direxion Daily 7-10 Year Treasury Bear 3X ETF
Quick Verdict
HUSV has a lower expense ratio. TYO delivered stronger 1-year returns. HUSV offers more diversification with 101 holdings.
Side-by-Side Comparison
| Metric | HUSV | TYO | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 1.00% | |
| AUM | $74M | $12M | |
| Dividend Yield | 1.37% | 2.62% | |
| Holdings | 101 | 6 | |
| YTD Return | +7.92% | +11.63% | |
| 1Y Return | +5.19% | +10.94% | |
| 3Y Return (annualized) | +9.65% | +4.88% | |
| 5Y Return (annualized) | +5.95% | +14.70% | |
| Volatility (annualized) | 13.2% | 19.3% | |
| Max Drawdown | -35.7% | -90.4% | |
| Fund Family | First Trust Portfolios (US) | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Aug 24, 2016 | Apr 16, 2009 |
HUSV vs TYO Performance
First Trust Horizon Managed Volatility Domestic ETF (HUSV) 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 HUSV returned +5.19% while TYO returned +10.94%. Year to date, HUSV is up 7.92% versus a gain of 11.63% for TYO.
Over three years, HUSV compounded at +9.65% per year against +4.88% for TYO; over five years the annualized figures are +5.95% and +14.70% respectively. Across the full 10-year window we track, HUSV has the edge at +8.44% 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 13.2% for HUSV. 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 -35.7% for HUSV 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 -0.16. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HUSV charges 0.70% per year while TYO charges 1.00%. On a $10,000 position that is $70 vs $100 annually, a gap of $30 per year that compounds over a long holding period. On income, HUSV currently yields 1.37% against 2.62% for TYO.
Holdings Overlap
HUSV and TYO share 0 holdings out of 104 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, HUSV or TYO?
HUSV has an expense ratio of 0.70% while TYO charges 1.00%. HUSV is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, HUSV or TYO?
Over the past year HUSV returned +5.19% vs +10.94% for TYO, so TYO leads on 1-year performance. Over the longest common window we track (10 years), HUSV annualized +8.44% vs -7.21% for TYO. Past performance does not guarantee future results.
Which is riskier, HUSV or TYO?
TYO has been the more volatile fund at 19.3% annualized versus 13.2% for HUSV. Worst drawdown: HUSV -35.7% vs TYO -90.4%.
Should I hold both HUSV and TYO?
HUSV and TYO have a monthly-return correlation of -0.16, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HUSV and TYO?
HUSV and TYO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, HUSV or TYO?
HUSV yields 1.37% while TYO yields 2.62%, so TYO currently pays the higher dividend yield.
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