TMF Alternatives & Similar ETFs

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
PFFL	ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN	0.85%	4.67M	Sep 2018	TMF vs PFFL
TBT	ProShares UltraShort 20+ Year Treasury	0.93%	309.41M	Apr 2008	TMF vs TBT
UJB	ProShares Ultra High Yield	0.95%	21.31M	Apr 2011	TMF vs UJB
UST	ProShares Ultra 7-10 Year Treasury	0.95%	15.07M	Jan 2010	TMF vs UST
UBT	ProShares Ultra 20+ Year Treasury	0.95%	62.45M	Jan 2010	TMF vs UBT

Best Risk-Adjusted Alternatives to TMF

TMF has a PortfoliosLab risk / return rank of 8. There are 10 ETFs in the Leveraged Bonds category with higher risk-adjusted ranks, going as high as 93.

Symbol	Name	Risk / Return Rank	AUM	Inception
GOOX	T-Rex 2X Long Alphabet Daily Target ETF	93	56.13M	Jan 2024	TMF vs GOOX
UJB	ProShares Ultra High Yield	32	21.31M	Apr 2011	TMF vs UJB
RSBA	Return Stacked Bonds & Merger Arbitrage ETF	27	—	Dec 2024	TMF vs RSBA
TYO	Direxion Daily 7-10 Year Treasury Bear 3X	14	12.09M	Apr 2009	TMF vs TYO
PFFL	ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN	13	4.67M	Sep 2018	TMF vs PFFL

Top Performing TMF Alternatives (YTD)

TMF is at -4.67% YTD. There are 12 ETFs in the Leveraged Bonds category with higher YTD returns, going as high as 10.68%.

Symbol	Name	YTD Return	AUM	Inception
GOOX	T-Rex 2X Long Alphabet Daily Target ETF	10.68%	56.13M	Jan 2024	TMF vs GOOX
TYO	Direxion Daily 7-10 Year Treasury Bear 3X	7.50%	12.09M	Apr 2009	TMF vs TYO
PST	ProShares UltraShort 7-10 Year Treasury	4.69%	11.48M	Apr 2008	TMF vs PST
TMV	Direxion Daily 20-Year Treasury Bear 3X	1.44%	169.92M	Apr 2009	TMF vs TMV
UJB	ProShares Ultra High Yield	1.07%	21.31M	Apr 2011	TMF vs UJB

Lowest Volatility Alternatives to TMF

TMF has 27.91% 1-year volatility. There are 10 ETFs in the Leveraged Bonds category with lower 1-year volatility, going as low as 4.53%.

Symbol	Name	Volatility 1Y	AUM	Inception
RSBA	Return Stacked Bonds & Merger Arbitrage ETF	4.53%	—	Dec 2024	TMF vs RSBA
UJB	ProShares Ultra High Yield	7.37%	21.31M	Apr 2011	TMF vs UJB
UST	ProShares Ultra 7-10 Year Treasury	9.34%	15.07M	Jan 2010	TMF vs UST
PST	ProShares UltraShort 7-10 Year Treasury	9.49%	11.48M	Apr 2008	TMF vs PST
TSYW	Roundhill Treasury Bond WeeklyPay ETF	10.73%	—	Nov 2025	TMF vs TSYW

Lowest Drawdown Alternatives to TMF

TMF has a 1-year max drawdown of -26.51%. 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
RSBA	Return Stacked Bonds & Merger Arbitrage ETF	-2.74%	—	Dec 2024	TMF vs RSBA
UJB	ProShares Ultra High Yield	-5.01%	21.31M	Apr 2011	TMF vs UJB
PST	ProShares UltraShort 7-10 Year Treasury	-6.90%	11.48M	Apr 2008	TMF vs PST
UST	ProShares Ultra 7-10 Year Treasury	-8.75%	15.07M	Jan 2010	TMF vs UST
TYO	Direxion Daily 7-10 Year Treasury Bear 3X	-10.00%	12.09M	Apr 2009	TMF vs TYO

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 $28B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SOXL	Direxion Daily Semiconductor Bull 3X ETF	Leveraged Equities, Semiconductors	96	450.61%	28.01B	Mar 2010	TMF vs SOXL
SPXL	Direxion Daily S&P 500 Bull 3X ETF	Leveraged Equities, S&P 500	49	17.21%	6.63B	Nov 2008	TMF vs SPXL
TECL	Direxion Daily Technology Bull 3X Shares	Leveraged Equities, Technology Equities	65	79.13%	6.36B	Dec 2008	TMF vs TECL
TSLL	Direxion Daily TSLA Bull 2X ETF	Leveraged Equities	8	-37.67%	4.38B	Aug 2022	TMF vs TSLL
SOXS	Direxion Daily Semiconductor Bear 3x Shares	Inverse Equities, Leveraged Equities	1	-93.50%	1.71B	Mar 2010	TMF vs SOXS
SPUU	Direxion Daily S&P 500 Bull 2X ETF	Leveraged Equities, S&P 500	51	13.33%	239.79M	May 2014	TMF vs SPUU
QQQE	Direxion NASDAQ-100 Equal Weighted Index Shares	Nasdaq-100, Equal Weight	50	16.25%	1.37B	Mar 2012	TMF vs QQQE
NVDU	Direxion Daily NVDA Bull 2X Shares ETF	Leveraged Equities	24	2.08%	625.19M	Sep 2023	TMF vs NVDU
SPXS	Direxion Daily S&P 500 Bear 3X Shares	Inverse Equities, Leveraged Equities	1	-20.76%	320.38M	Nov 2008	TMF vs SPXS
MUU	Direxion Daily MU Bull 2X Shares	Leveraged Equities, Semiconductors	—	—	6.59B	Oct 2024	TMF vs MUU

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.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
TLT	iShares 20+ Year Treasury Bond ETF	Government Bonds, Long-Term Bond	14	0.77%	41.34B	Jul 2002	TMF vs TLT
UPRO	ProShares UltraPro S&P 500	Leveraged Equities, S&P 500	49	17.21%	5.36B	Jun 2009	TMF vs UPRO
TQQQ	ProShares UltraPro QQQ	Leveraged Equities	53	41.43%	39.74B	Feb 2010	TMF vs TQQQ
TYD	Direxion Daily 7-10 Year Treasury Bull 3X	Leveraged Bonds	7	-7.02%	34.29M	Apr 2009	TMF vs TYD
EDV	Vanguard Extended Duration Treasury ETF	Government Bonds, Long-Term Bond	12	1.13%	4.30B	Dec 2007	TMF vs EDV
^TNX	Cboe 10-Year Treasury Note Yield Index		17	7.93%	—	—	TMF vs ^TNX
SPY	State Street SPDR S&P 500 ETF	S&P 500	59	8.15%	765.27B	Jan 1993	TMF vs SPY
TTT	UltraPro Short 20+ Year Treasury	Leveraged Bonds	7	0.59%	16.74M	Mar 2012	TMF vs TTT
VGLT	Vanguard Long-Term Treasury ETF	Government Bonds, Long-Term Bond	15	0.49%	14.80B	Nov 2009	TMF vs VGLT
AGG	iShares Core U.S. Aggregate Bond ETF	Total Bond Market	32	0.47%	138.10B	Sep 2003	TMF vs AGG
UVIX	2x Long VIX Futures ETF	Volatility	1	-36.43%	413.77M	Mar 2022	TMF vs UVIX
^SP600	S&P 600		76	18.45%	—	—	TMF vs ^SP600
SHYL	Xtrackers Short Duration High Yield Bond ETF	High Yield Bonds	63	1.36%	266.29M	Jan 2018	TMF vs SHYL
EDC	Direxion Daily Emerging Markets Bull 3X Shares	Leveraged Equities	65	55.46%	200.05M	Dec 2008	TMF vs EDC
PBTP	Invesco PureBeta 0-5 Yr US TIPS ETF	Inflation-Protected Bonds	81	1.39%	70.90M	Sep 2017	TMF vs PBTP
TARK	Tradr 2X Long Innovation ETF	Leveraged Equities	10	-10.45%	18.94M	Apr 2022	TMF vs TARK
MVV	ProShares Ultra Midcap 400	Leveraged Equities	46	26.73%	162.79M	Jun 2006	TMF vs MVV
PCN	PIMCO Corporate & Income Strategy Fund	Multisector Bonds	6	-2.70%	—	Dec 2001	TMF vs PCN
IBTL.L	iShares USD Treasury Bond 20+yr UCITS ETF (Dist)	Government Bonds, Long-Term Bond	18	2.04%	740.67M	Jan 2015	TMF vs IBTL.L

Compare TMF with Any Fund or Stock

Compare TMF with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

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

Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) Alternatives