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%	4.56M	Sep 2018	TMF vs PFFL
TBT	ProShares UltraShort 20+ Year Treasury	0.93%	289.01M	Apr 2008	TMF vs TBT
UST	ProShares Ultra 7-10 Year Treasury	0.95%	14.80M	Jan 2010	TMF vs UST
UBT	ProShares Ultra 20+ Year Treasury	0.95%	59.89M	Jan 2010	TMF vs UBT
UJB	ProShares Ultra High Yield	0.95%	24.37M	Apr 2011	TMF vs UJB

Best Risk-Adjusted Alternatives to TMF

TMF has a PortfoliosLab risk / return rank of 7. There are 11 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	53.66M	Jan 2024	TMF vs GOOX
UJB	ProShares Ultra High Yield	32	24.37M	Apr 2011	TMF vs UJB
RSBA	Return Stacked Bonds & Merger Arbitrage ETF	30	—	Dec 2024	TMF vs RSBA
TYO	Direxion Daily 7-10 Year Treasury Bear 3X	17	12.12M	Apr 2009	TMF vs TYO
PST	ProShares UltraShort 7-10 Year Treasury	15	11.56M	Apr 2008	TMF vs PST

Top Performing TMF Alternatives (YTD)

TMF is at -10.63% YTD. There are 13 ETFs in the Leveraged Bonds category with higher YTD returns, going as high as 12.65%.

Symbol	Name	YTD Return	AUM	Inception
GOOX	T-Rex 2X Long Alphabet Daily Target ETF	12.65%	53.66M	Jan 2024	TMF vs GOOX
TYO	Direxion Daily 7-10 Year Treasury Bear 3X	10.78%	12.12M	Apr 2009	TMF vs TYO
TMV	Direxion Daily 20-Year Treasury Bear 3X	9.86%	171.23M	Apr 2009	TMF vs TMV
TTT	UltraPro Short 20+ Year Treasury	8.27%	17.86M	Mar 2012	TMF vs TTT
PST	ProShares UltraShort 7-10 Year Treasury	6.60%	11.56M	Apr 2008	TMF vs PST

Lowest Volatility Alternatives to TMF

TMF has 27.62% 1-year volatility. There are 10 ETFs in the Leveraged Bonds category with lower 1-year volatility, going as low as 4.51%.

Symbol	Name	Volatility 1Y	AUM	Inception
RSBA	Return Stacked Bonds & Merger Arbitrage ETF	4.51%	—	Dec 2024	TMF vs RSBA
UJB	ProShares Ultra High Yield	7.28%	24.37M	Apr 2011	TMF vs UJB
UST	ProShares Ultra 7-10 Year Treasury	9.34%	14.80M	Jan 2010	TMF vs UST
PST	ProShares UltraShort 7-10 Year Treasury	9.43%	11.56M	Apr 2008	TMF vs PST
TSYW	Roundhill Treasury Bond WeeklyPay ETF	10.89%	—	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%	24.37M	Apr 2011	TMF vs UJB
PST	ProShares UltraShort 7-10 Year Treasury	-6.90%	11.56M	Apr 2008	TMF vs PST
UST	ProShares Ultra 7-10 Year Treasury	-8.75%	14.80M	Jan 2010	TMF vs UST
TYO	Direxion Daily 7-10 Year Treasury Bear 3X	-10.00%	12.12M	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 $25B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SOXL	Direxion Daily Semiconductor Bull 3X ETF	Leveraged Equities, Semiconductors	93	293.46%	25.32B	Mar 2010	TMF vs SOXL
SPXL	Direxion Daily S&P 500 Bull 3X ETF	Leveraged Equities, S&P 500	52	24.15%	6.98B	Nov 2008	TMF vs SPXL
TECL	Direxion Daily Technology Bull 3X Shares	Leveraged Equities, Technology Equities	56	67.57%	6.10B	Dec 2008	TMF vs TECL
TSLL	Direxion Daily TSLA Bull 2X ETF	Leveraged Equities	15	-34.79%	4.43B	Aug 2022	TMF vs TSLL
SOXS	Direxion Daily Semiconductor Bear 3x Shares	Inverse Equities, Leveraged Equities	1	-92.43%	1.50B	Mar 2010	TMF vs SOXS
SPUU	Direxion Daily S&P 500 Bull 2X ETF	Leveraged Equities, S&P 500	55	17.85%	257.66M	May 2014	TMF vs SPUU
QQQE	Direxion NASDAQ-100 Equal Weighted Index Shares	Nasdaq-100, Equal Weight	52	16.83%	1.40B	Mar 2012	TMF vs QQQE
NVDU	Direxion Daily NVDA Bull 2X Shares ETF	Leveraged Equities	17	4.77%	593.58M	Sep 2023	TMF vs NVDU
SPXS	Direxion Daily S&P 500 Bear 3X Shares	Inverse Equities, Leveraged Equities	1	-24.50%	313.75M	Nov 2008	TMF vs SPXS
MUU	Direxion Daily MU Bull 2X Shares	Leveraged Equities, Semiconductors	99	575.80%	6.16B	Oct 2024	TMF vs MUU

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	13	-1.48%	42.18B	Jul 2002	TMF vs TLT
UPRO	ProShares UltraPro S&P 500	Leveraged Equities, S&P 500	52	23.85%	5.47B	Jun 2009	TMF vs UPRO
TQQQ	ProShares UltraPro QQQ	Leveraged Equities	48	38.33%	37.04B	Feb 2010	TMF vs TQQQ
TYD	Direxion Daily 7-10 Year Treasury Bull 3X	Leveraged Bonds	7	-8.30%	32.62M	Apr 2009	TMF vs TYD
EDV	Vanguard Extended Duration Treasury ETF	Government Bonds, Long-Term Bond	10	-2.63%	4.30B	Dec 2007	TMF vs EDV
^TNX	Cboe 10-Year Treasury Note Yield Index		16	10.71%	—	—	TMF vs ^TNX
SPY	State Street SPDR S&P 500 ETF	S&P 500	66	10.45%	783.21B	Jan 1993	TMF vs SPY
VGLT	Vanguard Long-Term Treasury ETF	Government Bonds, Long-Term Bond	14	-1.48%	14.80B	Nov 2009	TMF vs VGLT
UVIX	2x Long VIX Futures ETF	Volatility	2	-47.76%	305.49M	Mar 2022	TMF vs UVIX
AGG	iShares Core U.S. Aggregate Bond ETF	Total Bond Market	32	-0.22%	138.36B	Sep 2003	TMF vs AGG
^SP600	S&P 600		80	20.10%	—	—	TMF vs ^SP600
SHYL	Xtrackers Short Duration High Yield Bond ETF	High Yield Bonds	69	1.41%	265.09M	Jan 2018	TMF vs SHYL
EDC	Direxion Daily Emerging Markets Bull 3X Shares	Leveraged Equities	52	35.92%	174.49M	Dec 2008	TMF vs EDC
PBTP	Invesco PureBeta 0-5 Yr US TIPS ETF	Inflation-Protected Bonds	89	1.74%	98.74M	Sep 2017	TMF vs PBTP
TARK	Tradr 2X Long Innovation ETF	Leveraged Equities	10	-8.01%	18.66M	Apr 2022	TMF vs TARK
MVV	ProShares Ultra Midcap 400	Leveraged Equities	41	25.68%	154.60M	Jun 2006	TMF vs MVV
BIVRX	Invenomic Fund	Long-Short	3	-6.17%	—	Jun 2017	TMF vs BIVRX
IBTL.L	iShares USD Treasury Bond 20+yr UCITS ETF (Dist)	Government Bonds, Long-Term Bond	14	-1.48%	705.86M	Jan 2015	TMF vs IBTL.L
PCN	PIMCO Corporate & Income Strategy Fund	Multisector Bonds	7	-2.18%	—	Dec 2001	TMF vs PCN

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 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