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TYBS
Direxion Daily 20+ Year Treasury Bear 1x Shares

Price: $13.98
Change: $0.05 (0.0%)
Category: Inverse Bonds
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $13.28
  • 52 Week Hi $17.86
  • AUM $1.4 M
  • Shares 0.1 M

Analyst Report

This inverse exchange-traded product gives investors with a bearish outlook for long-dated Treasuries a tool to establish short exposure to this narrow corner of the bond market. Because long-term Treasuries will generally maintain high effective durations, they are more sensitive to changes in interest rates; investors expecting a rate hike might find TYBS to be a nice way of profiting from such a move. Given this narrow focus, as well as the daily reset feature (more on this below), TYBS probably doesn't belong in any long-term, buy-and-hold portfolio; this ETF is more useful to those looking to establish a short term tactical bet against long-dated government debt. Investors looking to amplify the inverse exposure may prefer TMV or TBF, which offer -3x and -2x exposure, respectively. Those looking to make a broad bet against investment grade debt, including corporate bonds and Treasuries, may find SAGG to be a useful tool instead. The most noteworthy element of TYBS is the daily reset feature; this ETF is designed to deliver -100% exposure to the related index over the course of a single trading session. When held for a longer or shorter period, the effective leverage delivered may be different. TYBS can still be a useful tool for longer holding periods, but investors should be sure to understand the ramifications of daily resets and nuances of compounding returns, and be willing to monitor this position regularly (and rebalance as needed).

Historical Trading Data

  • 1 Month Avg. Volume 643
  • 3 Month Avg. Volume 680

Alternative ETFs in the Inverse Bonds Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest TAPR 0.43% $3.1 M 102 -60.15%
Largest (AUM) TBF 0.92% $234.8 M 728,509 -21.51%
Most Liquid (Volume) TBF 0.92% $234.8 M 728,509 -21.51%
Top YTD Performer SJB 0.95% $87.2 M 138,885 -3.46%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

16
Number of Holdings
74.89%
% Assets in Top 10
96.84%
% Assets in Top 15
100.00%
% Assets in Top 50
Number of Holdings
16

% Assets in Top 10
74.89%

% Assets in Top 15
96.84%

% Assets in Top 50
100.00%

Sector Breakdown

TYBS Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
No Ranking Available
Rank
N/A
Low
N/A
High
N/A

TYBS Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$0.08
Dividend Date
2020-03-24
Annual Dividend Rate
$0.24

$0.08
Dividend
2020-03-24
Dividend Date
$0.24
Annual Dividend Rate
Annual Dividend Yield
1.70%

TYBS Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 0 6 Month Net Flows: -10 K 1 Year Net Flows: -1.76 M 3 Year Net Flows: -2.79 M 5 Year Net Flows: -11.29 M 10 Year Net Flows: 2.67 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for TYBS on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Inverse Bonds with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B+ n/a
Expenses A n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

TYBS Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.536%
ETF Wtd. Average
0.19%
Category Average
0.75%
Expense Ratio
0.48%
ESG Themes and Scores

TYBS does not have an ESG score. There are no ESG themes that map to this ETF.

TYBS Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

0.61%
1 Week Return
1.29%
4 Week Return
-1.43%
13 Week Return
-4.88%
26 Week Return
-21.06%
Year to Date Return
-18.69%
1 Year Return
-27.37%
3 Year Return
-37.68%
5 Year Return
1 Week Return
0.61%

4 Week Return
1.29%

13 Week Return
-1.43%

26 Week Return
-4.88%

Year to Date Return
-21.06%

1 Year Return
-18.69%

3 Year Return
-27.37%

5 Year Return
-37.68%

TYBS Price and Volume Chart

TYBS Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
52.50%
Rank
5 of 6

20 Day Volatility
12.16%
Rank
2 of 6

50 Day Volatility
10.73%
Rank
4 of 6

200 Day Volatility
13.00%
Rank
4 of 6

Beta
0.32
Rank
3 of 6

Standard Deviation
1.57%
Rank
4 of 6

Technicals

  • 20 Day MA $13.96
  • 60 Day MA $13.83
  • MACD 15 Period 0.02
  • MACD 100 Period 0.02
  • Williams % Range 10 Day 41.32
  • Williams % Range 20 Day 43.79
  • RSI 10 Day 54
  • RSI 20 Day 53
  • RSI 30 Day 51
  • Ultimate Oscillator 53

Bollinger Brands

  • Lower Bollinger (10 Day) $13.86
  • Upper Bollinger (10 Day) $14.02
  • Lower Bollinger (20 Day) $13.72
  • Upper Bollinger (20 Day) $14.19
  • Lower Bollinger (30 Day) $13.61
  • Upper Bollinger (30 Day) $14.22

Support & Resistance

  • Support Level 1 $13.96
  • Support Level 2 $13.93
  • Resistance Level 1 $13.99
  • Resistance Level 2 $14.00

Stochastic

  • Stochastic Oscillator %D (1 Day) 84.00
  • Stochastic Oscillator %D (5 Day) 64.67
  • Stochastic Oscillator %K (1 Day) 73.92
  • Stochastic Oscillator %K (5 Day) 52.65

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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