Direxion Daily 20-Year Treasury Bull 3X (TMF)
TMF, or the Direxion 20 Year Plus Treasury Bond ETF, is a 3x leveraged exchange-traded fund (ETF) managed by Direxion. It tracks the investment results of the NYSE 20 Year Plus Treasury Bond Index, a multiple-security fixed-income index aimed to measure the performance of long-term U.S. Treasury bonds with maturities of 20 years or more.
As a leveraged product, it may be suitable for investors with a bullish short-term outlook on the U.S. long-term Treasury bond market. However, it is important to note that investing in leveraged debt can be very risky, as numerous factors can significantly impact the returns of these products. As such, TMF may not be suitable for investors with a low-risk tolerance or a buy-and-hold investment strategy.
TMF was launched on April 16, 2009, with an expense ratio of 1.09%.
ETF Info
US25459W5408
25459W540
Apr 16, 2009
North America (U.S.)
3x
NYSE 20 Year Plus Treasury Bond Index (300%)
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Direxion Daily 20-Year Treasury Bull 3X, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Direxion Daily 20-Year Treasury Bull 3X had a return of -29.04% year-to-date (YTD) and -8.03% in the last 12 months. Over the past 10 years, Direxion Daily 20-Year Treasury Bull 3X had an annualized return of -12.42%, while the S&P 500 had an annualized return of 11.13%, indicating that Direxion Daily 20-Year Treasury Bull 3X did not perform as well as the benchmark.
TMF
-29.04%
-6.43%
-7.62%
-8.03%
-30.05%
-12.42%
^GSPC (Benchmark)
24.05%
1.08%
11.50%
30.38%
13.77%
11.13%
Monthly Returns
The table below presents the monthly returns of TMF, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -8.24% | -8.39% | 1.01% | -19.38% | 7.21% | 3.80% | 9.40% | 4.73% | 4.71% | -16.85% | -29.04% | ||
| 2023 | 22.31% | -15.24% | 12.84% | -0.34% | -10.51% | -0.92% | -8.72% | -10.96% | -23.31% | -17.43% | 29.40% | 26.34% | -13.01% |
| 2022 | -11.80% | -5.48% | -16.51% | -26.62% | -7.94% | -5.30% | 6.49% | -14.51% | -24.36% | -18.79% | 21.41% | -9.35% | -72.60% |
| 2021 | -10.84% | -16.79% | -15.40% | 6.35% | -0.34% | 13.38% | 10.92% | -1.36% | -9.24% | 7.08% | 7.39% | -6.88% | -19.80% |
| 2020 | 23.80% | 17.91% | 11.90% | 2.68% | -6.48% | 0.54% | 13.13% | -14.89% | 2.15% | -10.35% | 4.24% | -5.78% | 36.57% |
| 2019 | 0.41% | -4.52% | 16.99% | -6.56% | 21.11% | 1.91% | 0.32% | 35.11% | -9.07% | -4.11% | -2.01% | -10.04% | 34.75% |
| 2018 | -9.77% | -9.57% | 8.44% | -6.71% | 5.27% | 1.50% | -4.70% | 3.36% | -8.77% | -9.11% | 4.76% | 17.93% | -11.01% |
| 2017 | 1.49% | 4.41% | -2.35% | 4.43% | 5.17% | 1.98% | -2.43% | 10.13% | -7.29% | -0.53% | 1.73% | 5.03% | 22.72% |
| 2016 | 17.74% | 8.71% | -0.64% | -2.39% | 1.86% | 21.23% | 6.07% | -3.58% | -4.78% | -13.32% | -23.91% | -0.99% | -2.52% |
| 2015 | 31.01% | -17.87% | 2.57% | -10.30% | -7.91% | -12.49% | 13.40% | -2.75% | 5.10% | -1.73% | -2.71% | -2.41% | -13.73% |
| 2014 | 19.47% | 1.63% | 1.76% | 5.96% | 8.79% | -1.00% | 1.61% | 14.42% | -6.65% | 8.06% | 9.08% | 9.38% | 97.34% |
| 2013 | -9.58% | 3.39% | -1.76% | 14.25% | -19.65% | -10.33% | -7.41% | -4.47% | 1.54% | 4.12% | -8.19% | -6.01% | -39.00% |
Expense Ratio
TMF has a high expense ratio of 1.09%, indicating higher-than-average management fees.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TMF is 5, indicating that it is in the bottom 5% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Direxion Daily 20-Year Treasury Bull 3X (TMF) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Direxion Daily 20-Year Treasury Bull 3X provided a 3.76% dividend yield over the last twelve months, with an annual payout of $1.69 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.69 | $1.82 | $1.24 | $0.37 | $1.68 | $2.44 | $2.88 | $0.90 | $0.00 | $0.00 | $0.00 | $0.62 |
Dividend yield | 3.76% | 2.82% | 1.62% | 0.13% | 0.48% | 0.94% | 1.49% | 0.41% | 0.00% | 0.00% | 0.00% | 0.57% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily 20-Year Treasury Bull 3X. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $1.19 | |
| 2023 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.50 | $1.82 |
| 2022 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.47 | $1.24 |
| 2021 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.02 | $0.37 |
| 2020 | $0.00 | $0.00 | $0.99 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $1.68 |
| 2019 | $0.00 | $0.00 | $0.68 | $0.00 | $0.00 | $0.67 | $0.00 | $0.00 | $0.59 | $0.00 | $0.00 | $0.50 | $2.44 |
| 2018 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $1.04 | $0.00 | $0.00 | $0.57 | $0.00 | $0.00 | $0.97 | $2.88 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.72 | $0.90 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2013 | $0.13 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.00 | $0.62 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily 20-Year Treasury Bull 3X. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily 20-Year Treasury Bull 3X was 92.18%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current Direxion Daily 20-Year Treasury Bull 3X drawdown is 90.72%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -92.18% | Mar 10, 2020 | 911 | Oct 19, 2023 | — | — | — |
| -53.33% | Jul 26, 2012 | 269 | Aug 21, 2013 | 345 | Jan 5, 2015 | 614 |
| -51.11% | Jul 11, 2016 | 586 | Nov 2, 2018 | 192 | Aug 12, 2019 | 778 |
| -46.23% | Aug 27, 2010 | 116 | Feb 10, 2011 | 125 | Aug 10, 2011 | 241 |
| -44.58% | Apr 21, 2009 | 241 | Apr 5, 2010 | 96 | Aug 19, 2010 | 337 |
Volatility
Volatility Chart
The current Direxion Daily 20-Year Treasury Bull 3X volatility is 13.72%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.