TMF Alternatives & Similar ETFs

Direxion Daily 20-Year Treasury Bull 3X (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 1.09% annually. There are 12 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%	4.82M	Sep 2018	TMF vs PFFL
TBT	ProShares UltraShort 20+ Year Treasury	0.93%	332.94M	Apr 2008	TMF vs TBT
UBT	ProShares Ultra 20+ Year Treasury	0.95%	63.96M	Jan 2010	TMF vs UBT
TTT	UltraPro Short 20+ Year Treasury	0.95%	18.81M	Mar 2012	TMF vs TTT
PST	ProShares UltraShort 7-10 Year Treasury	0.95%	11.43M	Apr 2008	TMF vs PST

Best Risk-Adjusted Alternatives to TMF

TMF has a PortfoliosLab risk / return rank of 9. There are 8 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	48.80M	Jan 2024	TMF vs GOOX
UJB	ProShares Ultra High Yield	35	8.68M	Apr 2011	TMF vs UJB
RSBA	Return Stacked Bonds & Merger Arbitrage ETF	30	—	Dec 2024	TMF vs RSBA
PFFL	ETRACS Monthly Pay 2xLeveraged Preferred Stock ETN	17	4.82M	Sep 2018	TMF vs PFFL
UST	ProShares Ultra 7-10 Year Treasury	14	15.52M	Jan 2010	TMF vs UST

Top Performing TMF Alternatives (YTD)

TMF is at -6.13% YTD. There are 12 ETFs in the Leveraged Bonds category with higher YTD returns, going as high as 18.83%.

Symbol	Name	YTD Return	AUM	Inception
GOOX	T-Rex 2X Long Alphabet Daily Target ETF	18.83%	48.80M	Jan 2024	TMF vs GOOX
TYO	Direxion Daily 7-10 Year Treasury Bear 3X	8.03%	12.19M	Apr 2009	TMF vs TYO
TMV	Direxion Daily 20-Year Treasury Bear 3X	4.73%	187.70M	Apr 2009	TMF vs TMV
PST	ProShares UltraShort 7-10 Year Treasury	4.57%	11.43M	Apr 2008	TMF vs PST
TTT	UltraPro Short 20+ Year Treasury	3.59%	18.81M	Mar 2012	TMF vs TTT

Lowest Volatility Alternatives to TMF

TMF has 28.76% 1-year volatility. There are 10 ETFs in the Leveraged Bonds category with lower 1-year volatility, going as low as 4.59%.

Symbol	Name	Volatility 1Y	AUM	Inception
RSBA	Return Stacked Bonds & Merger Arbitrage ETF	4.59%	—	Dec 2024	TMF vs RSBA
UJB	ProShares Ultra High Yield	7.29%	8.68M	Apr 2011	TMF vs UJB
UST	ProShares Ultra 7-10 Year Treasury	9.50%	15.52M	Jan 2010	TMF vs UST
PST	ProShares UltraShort 7-10 Year Treasury	9.62%	11.43M	Apr 2008	TMF vs PST
TSYW	Roundhill Treasury Bond WeeklyPay ETF	10.78%	—	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%	8.68M	Apr 2011	TMF vs UJB
PST	ProShares UltraShort 7-10 Year Treasury	-7.25%	11.43M	Apr 2008	TMF vs PST
UST	ProShares Ultra 7-10 Year Treasury	-8.75%	15.52M	Jan 2010	TMF vs UST
TYO	Direxion Daily 7-10 Year Treasury Bear 3X	-10.48%	12.19M	Apr 2009	TMF vs TYO

Other ETFs from Direxion

The 10 most viewed Direxion ETFs shown here include SOXL, SPXL, TECL and span 5 categories. AUM among these funds goes as high as $23B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SOXL	Direxion Daily Semiconductor Bull 3X ETF	Leveraged Equities, Semiconductors	97	567.48%	22.99B	Mar 2010	TMF vs SOXL
SPXL	Direxion Daily S&P 500 Bull 3X ETF	Leveraged Equities, S&P 500	63	28.14%	6.39B	Nov 2008	TMF vs SPXL
TECL	Direxion Daily Technology Bull 3X Shares	Leveraged Equities	85	125.87%	5.93B	Dec 2008	TMF vs TECL
TSLL	Direxion Daily TSLA Bull 1.5X Shares	Leveraged Equities	12	-20.85%	5.42B	Jun 2022	TMF vs TSLL
SOXS	Direxion Daily Semiconductor Bear 3x Shares	Leveraged Equities	1	-92.10%	2.01B	Mar 2010	TMF vs SOXS
SPUU	Direxion Daily S&P 500 Bull 2x Shares	Leveraged Equities, S&P 500	63	19.82%	241.41M	May 2014	TMF vs SPUU
QQQE	Direxion NASDAQ-100 Equal Weighted Index Shares	Nasdaq-100	58	19.12%	1.27B	Mar 2012	TMF vs QQQE
NVDU	Direxion Daily NVDA Bull 2X Shares ETF	Leveraged Equities	34	19.93%	730.17M	Sep 2023	TMF vs NVDU
SPXS	Direxion Daily S&P 500 Bear 3X Shares	Inverse Equities, Leveraged Equities	1	-25.49%	388.61M	Nov 2008	TMF vs SPXS
NUGT	Direxion Daily Gold Miners Bull 2X Shares	Leveraged Equities	32	-16.05%	977.22M	Apr 2020	TMF vs NUGT

Often Compared With TMF

Investors most often compare TMF with TLT, UPRO, TQQQ. These 19 comparison targets span 11 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	16	-0.27%	42.90B	Jul 2002	TMF vs TLT
UPRO	ProShares UltraPro S&P 500	Leveraged Equities, S&P 500	62	27.90%	5.55B	Jun 2009	TMF vs UPRO
TQQQ	ProShares UltraPro QQQ	Leveraged Equities	71	64.46%	39.77B	Feb 2010	TMF vs TQQQ
TYD	Direxion Daily 7-10 Year Treasury Bull 3X	Leveraged Bonds	9	-6.21%	33.92M	Apr 2009	TMF vs TYD
EDV	Vanguard Extended Duration Treasury ETF	Government Bonds, Long-Term Bond	13	-0.72%	4.40B	Dec 2007	TMF vs EDV
^TNX	Treasury Yield 10 Years		12	7.88%	—	—	TMF vs ^TNX
SPY	State Street SPDR S&P 500 ETF	S&P 500	70	10.91%	781.00B	Jan 1993	TMF vs SPY
VGLT	Vanguard Long-Term Treasury ETF	Government Bonds, Long-Term Bond	18	-0.41%	14.30B	Nov 2009	TMF vs VGLT
AGG	iShares Core U.S. Aggregate Bond ETF	Total Bond Market	36	0.25%	136.46B	Sep 2003	TMF vs AGG
UVIX	Volatility Shares 2x Long VIX Futures ETF	Volatility	2	-31.87%	425.83M	Mar 2022	TMF vs UVIX
^SP600	S&P 600		66	14.59%	—	—	TMF vs ^SP600
SHYL	Xtrackers Short Duration High Yield Bond ETF	High Yield Bonds	66	1.15%	265.14M	Jan 2018	TMF vs SHYL
EDC	Direxion Daily Emerging Markets Bull 3X Shares	Leveraged Equities	83	82.36%	191.05M	Dec 2008	TMF vs EDC
PBTP	Invesco PureBeta 0-5 Yr US TIPS ETF	Inflation-Protected Bonds	93	2.15%	68.90M	Sep 2017	TMF vs PBTP
TARK	Tradr 2X Long Innovation ETF	Leveraged Equities	21	-5.86%	21.29M	Apr 2022	TMF vs TARK
IBTL.L	iShares USD Treasury Bond 20+yr UCITS ETF (Dist)	Government Bonds, Long-Term Bond	17	-1.02%	751.11M	Jan 2015	TMF vs IBTL.L
MVV	ProShares Ultra Midcap 400	Leveraged Equities	44	25.92%	159.77M	Jun 2006	TMF vs MVV
PCN	PIMCO Corporate & Income Strategy Fund	Multisector Bonds	3	-4.37%	—	Dec 2001	TMF vs PCN
BIVRX	Invenomic Fund	Long-Short	1	-13.43%	—	Jun 2017	TMF vs BIVRX

Compare TMF with Any Fund or Stock

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

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Diversifiers

Pair TMF with funds that move differently

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