SAWS vs TYO
AAM Sawgrass US Small Cap Quality Growth ETF vs Direxion Daily 7-10 Year Treasury Bear 3X ETF
Quick Verdict
SAWS has a lower expense ratio. SAWS delivered stronger 1-year returns. SAWS offers more diversification with 71 holdings.
Side-by-Side Comparison
| Metric | SAWS | TYO | Winner |
|---|---|---|---|
| Expense Ratio | 0.55% | 1.00% | |
| AUM | $8M | $12M | |
| Dividend Yield | 0.02% | 2.62% | |
| Holdings | 72 | 6 | |
| YTD Return | +15.23% | +11.67% | |
| 1Y Return | +22.18% | +11.48% | |
| 3Y Return (annualized) | - | +4.90% | |
| 5Y Return (annualized) | - | +14.80% | |
| Volatility (annualized) | 18.4% | 19.3% | |
| Max Drawdown | -22.0% | -90.4% | |
| Fund Family | Advisors Asset Management, Inc. | Direxion Shares ETF Trust | |
| Category | Equity | Alternative | |
| Inception | Jul 30, 2024 | Apr 16, 2009 |
SAWS vs TYO Performance
AAM Sawgrass US Small Cap Quality Growth ETF (SAWS) is a ETF from Advisors Asset Management, Inc. and Direxion Daily 7-10 Year Treasury Bear 3X ETF (TYO) is a ETF from Direxion Shares ETF Trust. Over the past year SAWS returned +22.18% while TYO returned +11.48%. Year to date, SAWS is up 15.23% versus a gain of 11.67% for TYO.
Risk: Volatility and Drawdowns
TYO has been the more volatile fund, with annualized monthly volatility of 19.3% compared with 18.4% for SAWS. 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 -22.0% for SAWS 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 -0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SAWS 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, SAWS currently yields 0.02% against 2.62% for TYO.
Holdings Overlap
SAWS and TYO share 0 holdings out of 74 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, SAWS or TYO?
SAWS has an expense ratio of 0.55% while TYO charges 1.00%. SAWS is the cheaper option. On a $10,000 investment, that is $45 per year of difference.
Which performed better, SAWS or TYO?
Over the past year SAWS returned +22.18% vs +11.48% for TYO, so SAWS leads on 1-year performance. Over the longest common window we track (2 years), SAWS annualized +13.04% vs -7.21% for TYO. Past performance does not guarantee future results.
Which is riskier, SAWS or TYO?
TYO has been the more volatile fund at 19.3% annualized versus 18.4% for SAWS. Worst drawdown: SAWS -22.0% vs TYO -90.4%.
Should I hold both SAWS and TYO?
SAWS and TYO have a monthly-return correlation of -0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SAWS and TYO?
SAWS and TYO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 74 unique securities.
Which pays a higher dividend, SAWS or TYO?
SAWS yields 0.02% while TYO yields 2.62%, so TYO currently pays the higher dividend yield.
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