Direxion Daily 20-Year Treasury Bear 3X (TMV)
TMV is a passive ETF by Direxion tracking the investment results of the NYSE 20 Year Plus Treasury Bond Index (-300%). TMV launched on Apr 16, 2009 and has a 1.04% expense ratio.
ETF Info
| ISIN | US25459Y6784 |
|---|---|
| CUSIP | 25459Y678 |
| Issuer | Direxion |
| Inception Date | Apr 16, 2009 |
| Region | North America (U.S.) |
| Category | Leveraged Bonds, Leveraged |
| Leveraged | 3x |
| Index Tracked | NYSE 20 Year Plus Treasury Bond Index (-300%) |
| Home Page | www.direxion.com |
| Asset Class | Bond |
Expense Ratio
The Direxion Daily 20-Year Treasury Bear 3X has a high expense ratio of 1.04%, indicating higher-than-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.
Popular comparisons: TMV vs. TMF, TMV vs. TTT, TMV vs. ^TNX, TMV vs. TBF, TMV vs. TLT, TMV vs. NRGU, TMV vs. IEF, TMV vs. SPY, TMV vs. VOO, TMV vs. T
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Direxion Daily 20-Year Treasury Bear 3X, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Direxion Daily 20-Year Treasury Bear 3X had a return of 35.12% year-to-date (YTD) and 44.88% in the last 12 months. Over the past 10 years, Direxion Daily 20-Year Treasury Bear 3X had an annualized return of -10.95%, while the S&P 500 had an annualized return of 10.43%, indicating that Direxion Daily 20-Year Treasury Bear 3X did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 35.12% | 5.29% |
| 1 month | 11.32% | -2.47% |
| 6 months | -19.20% | 16.40% |
| 1 year | 44.88% | 20.88% |
| 5 years (annualized) | -0.37% | 11.60% |
| 10 years (annualized) | -10.95% | 10.43% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 7.87% | 7.67% | -1.26% | |||||||||
| 2023 | 28.53% | 16.54% | -25.21% | -22.31% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Direxion Daily 20-Year Treasury Bear 3X(TMV)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Direxion Daily 20-Year Treasury Bear 3X (TMV) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Direxion Daily 20-Year Treasury Bear 3X granted a 3.40% dividend yield in the last twelve months. The annual payout for that period amounted to $1.34 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $1.34 | $1.14 | $0.00 | $0.00 | $0.07 | $0.66 | $0.40 |
Dividend yield | 3.40% | 3.87% | 0.00% | 0.00% | 0.52% | 2.25% | 0.89% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily 20-Year Treasury Bear 3X. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.49 | |||||||||
| 2023 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.27 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.07 |
| 2018 | $0.02 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.20 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily 20-Year Treasury Bear 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 Bear 3X was 99.06%, occurring on Aug 4, 2020. The portfolio has not yet recovered.
The current Direxion Daily 20-Year Treasury Bear 3X drawdown is 96.47%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -99.06% | Jun 11, 2009 | 2808 | Aug 4, 2020 | — | — | — |
| -13.94% | May 28, 2009 | 2 | May 29, 2009 | 8 | Jun 10, 2009 | 10 |
| -11.52% | May 8, 2009 | 5 | May 14, 2009 | 5 | May 21, 2009 | 10 |
| -5.34% | Apr 20, 2009 | 1 | Apr 20, 2009 | 2 | Apr 22, 2009 | 3 |
| -2.03% | Apr 27, 2009 | 1 | Apr 27, 2009 | 1 | Apr 28, 2009 | 2 |
Volatility
Volatility Chart
The current Direxion Daily 20-Year Treasury Bear 3X volatility is 12.66%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.