TYLG vs TYO
Global X Information Technology Covered Call & Growth ETF vs Direxion Daily 7-10 Year Treasury Bear 3X ETF
Quick Verdict
TYLG has a lower expense ratio. TYLG delivered stronger 1-year returns. TYLG offers more diversification with 78 holdings.
Side-by-Side Comparison
| Metric | TYLG | TYO | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 1.00% | |
| AUM | $15M | $13M | |
| Dividend Yield | 8.89% | 2.48% | |
| Holdings | 78 | 6 | |
| YTD Return | +21.18% | +12.51% | |
| 1Y Return | +35.64% | +10.88% | |
| 3Y Return (annualized) | +23.66% | +3.99% | |
| 5Y Return (annualized) | - | +15.51% | |
| Volatility (annualized) | 15.8% | 19.3% | |
| Max Drawdown | -24.5% | -90.4% | |
| Fund Family | Global X by mirae Asset | Direxion Shares ETF Trust | |
| Category | Alternative | Alternative | |
| Inception | Nov 21, 2022 | Apr 16, 2009 |
TYLG vs TYO Performance
Global X Information Technology Covered Call & Growth ETF (TYLG) is a ETF from Global X by mirae Asset and Direxion Daily 7-10 Year Treasury Bear 3X ETF (TYO) is a ETF from Direxion Shares ETF Trust. Over the past year TYLG returned +35.64% while TYO returned +10.88%. Year to date, TYLG is up 21.18% versus a gain of 12.51% for TYO.
Over three years, TYLG compounded at +23.66% per year against +3.99% for TYO. Across the full 4-year window we track, TYLG has the edge at +25.12% annualized vs -7.16%. 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 15.8% for TYLG. 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 -24.5% for TYLG 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 -0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TYLG 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, TYLG currently yields 8.89% against 2.48% for TYO.
Holdings Overlap
TYLG and TYO share 0 holdings out of 77 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, TYLG or TYO?
TYLG has an expense ratio of 0.60% while TYO charges 1.00%. TYLG is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, TYLG or TYO?
Over the past year TYLG returned +35.64% vs +10.88% for TYO, so TYLG leads on 1-year performance. Over the longest common window we track (4 years), TYLG annualized +25.12% vs -7.16% for TYO. Past performance does not guarantee future results.
Which is riskier, TYLG or TYO?
TYO has been the more volatile fund at 19.3% annualized versus 15.8% for TYLG. Worst drawdown: TYLG -24.5% vs TYO -90.4%.
Should I hold both TYLG and TYO?
TYLG and TYO have a monthly-return correlation of -0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TYLG and TYO?
TYLG and TYO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 77 unique securities.
Which pays a higher dividend, TYLG or TYO?
TYLG yields 8.89% while TYO yields 2.48%, so TYLG currently pays the higher dividend yield.
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