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Direxion Daily 20-Year Treasury Bull 3X (TMF)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US25459W5408

CUSIP

25459W540

Issuer

Direxion

Inception Date

Apr 16, 2009

Region

North America (U.S.)

Leveraged

3x

Index Tracked

NYSE 20 Year Plus Treasury Bond Index (300%)

Asset Class

Bond

Expense Ratio

TMF has a high expense ratio of 1.09%, indicating above-average management fees.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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Returns By Period

Direxion Daily 20-Year Treasury Bull 3X (TMF) returned -3.12% year-to-date (YTD) and -15.30% over the past 12 months. Over the past 10 years, TMF returned -13.23% annually, underperforming the S&P 500 benchmark at 10.61%.


TMF

YTD

-3.12%

1M

0.39%

6M

-18.58%

1Y

-15.30%

5Y*

-36.65%

10Y*

-13.23%

^GSPC (Benchmark)

YTD

-1.44%

1M

8.08%

6M

-3.32%

1Y

10.99%

5Y*

15.15%

10Y*

10.61%

*Annualized

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025-0.18%16.74%-4.90%-5.45%-7.55%-3.12%
2024-8.24%-8.39%1.01%-19.38%7.21%3.80%9.40%4.73%4.71%-16.85%3.66%-18.71%-35.95%
202322.31%-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%
202023.80%17.91%11.90%2.68%-6.48%0.54%13.13%-14.89%2.15%-10.35%4.24%-4.10%39.02%
20190.41%-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%
20171.49%4.41%-2.35%4.43%5.17%1.98%-2.43%10.13%-7.29%-0.53%1.73%5.03%22.72%
201617.74%8.71%-0.64%-2.39%1.86%21.23%6.07%-3.58%-4.78%-13.32%-23.91%-0.99%-2.52%
201531.01%-17.87%2.57%-10.30%-7.91%-12.49%13.40%-2.75%5.10%-1.73%-2.71%-2.41%-13.73%
201419.47%1.63%1.76%5.96%8.79%-1.00%1.61%14.42%-6.65%8.06%9.08%9.38%97.34%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of TMF is 9, meaning it’s performing worse than 91% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of TMF is 99
Overall Rank
The Sharpe Ratio Rank of TMF is 77
Sharpe Ratio Rank
The Sortino Ratio Rank of TMF is 99
Sortino Ratio Rank
The Omega Ratio Rank of TMF is 1010
Omega Ratio Rank
The Calmar Ratio Rank of TMF is 1010
Calmar Ratio Rank
The Martin Ratio Rank of TMF is 99
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Direxion Daily 20-Year Treasury Bull 3X Sharpe ratios as of May 12, 2025 (values are recalculated daily):

  • 1-Year: -0.39
  • 5-Year: -0.76
  • 10-Year: -0.30
  • All Time: -0.13

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Direxion Daily 20-Year Treasury Bull 3X compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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Dividends

Dividend History

Direxion Daily 20-Year Treasury Bull 3X provided a 4.37% dividend yield over the last twelve months, with an annual payout of $1.68 per share.


0.00%1.00%2.00%3.00%4.00%$0.00$2.00$4.00$6.00$8.0020172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017
Dividend$1.68$1.71$1.82$1.24$0.37$7.85$2.44$2.88$0.90

Dividend yield

4.37%4.29%2.82%1.62%0.13%2.23%0.94%1.49%0.41%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.29$0.00$0.00$0.29
2024$0.00$0.00$0.32$0.00$0.00$0.44$0.00$0.00$0.44$0.00$0.00$0.52$1.71
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$6.86$7.85
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$0.18$0.00$0.00$0.00$0.00$0.00$0.72$0.90

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.


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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 92.11%, occurring on Jan 14, 2025. The portfolio has not yet recovered.

The current Direxion Daily 20-Year Treasury Bull 3X drawdown is 91.74%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-92.11%Mar 10, 20201220Jan 14, 2025
-53.33%Jul 26, 2012269Aug 21, 2013345Jan 5, 2015614
-51.11%Jul 11, 2016586Nov 2, 2018192Aug 12, 2019778
-46.23%Aug 27, 2010116Feb 10, 2011125Aug 10, 2011241
-44.58%Apr 21, 2009241Apr 5, 201096Aug 19, 2010337

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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