TYO vs VGI
Direxion Daily 7-10 Year Treasury Bear 3X ETF vs Virtus Global Multi-Sector Income Fund
Quick Verdict
TYO has a lower expense ratio. TYO delivered stronger 1-year returns. VGI offers more diversification with 434 holdings.
Side-by-Side Comparison
| Metric | TYO | VGI | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 1.74% | |
| AUM | $12M | $88M | |
| Dividend Yield | 2.62% | 11.98% | |
| Holdings | 6 | 646 | |
| YTD Return | +12.13% | +1.20% | |
| 1Y Return | +11.94% | +4.18% | |
| 3Y Return (annualized) | +5.20% | +10.88% | |
| 5Y Return (annualized) | +14.80% | +2.18% | |
| Volatility (annualized) | 19.3% | 14.1% | |
| Max Drawdown | -90.4% | -63.3% | |
| Fund Family | Direxion Shares ETF Trust | Virtus Investment Partners | |
| Category | Alternative | Fixed Income | |
| Inception | Apr 16, 2009 | Feb 23, 2012 |
TYO vs VGI Performance
Direxion Daily 7-10 Year Treasury Bear 3X ETF (TYO) is a ETF from Direxion Shares ETF Trust and Virtus Global Multi-Sector Income Fund (VGI) is a ETF from Virtus Investment Partners. Over the past year TYO returned +11.94% while VGI returned +4.18%. Year to date, TYO is up 12.13% versus a gain of 1.20% for VGI.
Over three years, TYO compounded at +5.20% per year against +10.88% for VGI; over five years the annualized figures are +14.80% and +2.18% respectively. Across the full 15-year window we track, VGI has the edge at -2.40% annualized vs -7.19%. 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 14.1% for VGI. 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 -90.4% for TYO and -63.3% for VGI. 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 -0.23. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TYO charges 1.00% per year while VGI charges 1.74%. On a $10,000 position that is $100 vs $174 annually, a gap of $74 per year that compounds over a long holding period. On income, TYO currently yields 2.62% against 11.98% for VGI.
Holdings Overlap
TYO and VGI share 0 holdings out of 437 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, TYO or VGI?
TYO has an expense ratio of 1.00% while VGI charges 1.74%. TYO is the cheaper option. On a $10,000 investment, that is $74 per year of difference.
Which performed better, TYO or VGI?
Over the past year TYO returned +11.94% vs +4.18% for VGI, so TYO leads on 1-year performance. Over the longest common window we track (15 years), TYO annualized -7.19% vs -2.40% for VGI. Past performance does not guarantee future results.
Which is riskier, TYO or VGI?
TYO has been the more volatile fund at 19.3% annualized versus 14.1% for VGI. Worst drawdown: TYO -90.4% vs VGI -63.3%.
Should I hold both TYO and VGI?
TYO and VGI have a monthly-return correlation of -0.23, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TYO and VGI?
TYO and VGI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 437 unique securities.
Which pays a higher dividend, TYO or VGI?
TYO yields 2.62% while VGI yields 11.98%, so VGI currently pays the higher dividend yield.
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