Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) belongs to the Leveraged Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with TMF. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TMF
TMF charges 1.01% annually. There are 9 ETFs in the Leveraged Bonds category with lower expense ratios, going as low as 0.85%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN | 0.85% | 4.44M | Sep 2018 | TMF vs PFFL | |
| ProShares UltraShort 20+ Year Treasury | 0.93% | 317.44M | Apr 2008 | TMF vs TBT | |
| ProShares Ultra High Yield | 0.95% | 10.13M | Apr 2011 | TMF vs UJB | |
| ProShares UltraShort 7-10 Year Treasury | 0.95% | 10.62M | Apr 2008 | TMF vs PST | |
| UltraPro Short 20+ Year Treasury | 0.95% | 19.45M | Mar 2012 | TMF vs TTT |
Best Risk-Adjusted Alternatives to TMF
TMF has a PortfoliosLab risk / return rank of 5. There are 11 ETFs in the Leveraged Bonds category with higher risk-adjusted ranks, going as high as 31.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Ultra High Yield | 31 | 10.13M | Apr 2011 | TMF vs UJB | |
| Direxion Daily 7-10 Year Treasury Bear 3X | 31 | 12.41M | Apr 2009 | TMF vs TYO | |
| ProShares UltraShort 7-10 Year Treasury | 27 | 10.62M | Apr 2008 | TMF vs PST | |
| Direxion Daily 20-Year Treasury Bear 3X | 24 | 185.07M | Apr 2009 | TMF vs TMV | |
| ProShares UltraShort 20+ Year Treasury | 23 | 317.44M | Apr 2008 | TMF vs TBT |
Top Performing TMF Alternatives (YTD)
TMF is at -16.67% YTD. There are 12 ETFs in the Leveraged Bonds category with higher YTD returns, going as high as 17.52%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily 20-Year Treasury Bear 3X | 17.52% | 185.07M | Apr 2009 | TMF vs TMV | |
| UltraPro Short 20+ Year Treasury | 16.17% | 19.45M | Mar 2012 | TMF vs TTT | |
| Direxion Daily 7-10 Year Treasury Bear 3X | 13.00% | 12.41M | Apr 2009 | TMF vs TYO | |
| ProShares UltraShort 20+ Year Treasury | 11.24% | 317.44M | Apr 2008 | TMF vs TBT | |
| ProShares UltraShort 7-10 Year Treasury | 7.74% | 10.62M | Apr 2008 | TMF vs PST |
Lowest Volatility Alternatives to TMF
TMF has 27.35% 1-year volatility. There are 10 ETFs in the Leveraged Bonds category with lower 1-year volatility, going as low as 4.57%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Return Stacked Bonds & Merger Arbitrage ETF | 4.57% | — | Dec 2024 | TMF vs RSBA | |
| ProShares Ultra High Yield | 7.33% | 10.13M | Apr 2011 | TMF vs UJB | |
| ProShares Ultra 7-10 Year Treasury | 9.28% | 14.95M | Jan 2010 | TMF vs UST | |
| ProShares UltraShort 7-10 Year Treasury | 9.39% | 10.62M | Apr 2008 | TMF vs PST | |
| Roundhill Treasury Bond WeeklyPay ETF | 10.84% | — | Nov 2025 | TMF vs TSYW |
Lowest Drawdown Alternatives to TMF
TMF has a 1-year max drawdown of -28.69%. There are 11 ETFs in the Leveraged Bonds category with shallower 1-year drawdowns, going as shallow as -2.74%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Return Stacked Bonds & Merger Arbitrage ETF | -2.74% | — | Dec 2024 | TMF vs RSBA | |
| ProShares UltraShort 7-10 Year Treasury | -4.73% | 10.62M | Apr 2008 | TMF vs PST | |
| ProShares Ultra High Yield | -5.01% | 10.13M | Apr 2011 | TMF vs UJB | |
| Direxion Daily 7-10 Year Treasury Bear 3X | -6.90% | 12.41M | Apr 2009 | TMF vs TYO | |
| ProShares Ultra 7-10 Year Treasury | -8.86% | 14.95M | Jan 2010 | TMF vs UST |
Other ETFs from Direxion
The 10 most viewed Direxion ETFs shown here include SOXL, SPXL, TECL and span 7 categories. AUM among these funds goes as high as $20B.
Often Compared With TMF
Investors most often compare TMF with TLT, UPRO, TQQQ. These 19 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare TMF with Any Fund or Stock
Compare TMF with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TMF with funds that move differently
Direxion Daily 20+ Year Treasury Bull 3X ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TMF.
Explore TMF Diversifiers