Direxion Daily 20-Year Treasury Bear 3X (TMV) 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 TMV. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TMV
TMV charges 1.04% annually. There are 10 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% | 4.56M | Sep 2018 | TMV vs PFFL | |
| ProShares UltraShort 20+ Year Treasury | 0.93% | 289.01M | Apr 2008 | TMV vs TBT | |
| ProShares Ultra High Yield | 0.95% | 24.37M | Apr 2011 | TMV vs UJB | |
| ProShares Ultra 20+ Year Treasury | 0.95% | 59.89M | Jan 2010 | TMV vs UBT | |
| ProShares Ultra 7-10 Year Treasury | 0.95% | 14.80M | Jan 2010 | TMV vs UST |
Best Risk-Adjusted Alternatives to TMV
TMV has a PortfoliosLab risk / return rank of 11. There are 6 ETFs in the Leveraged Bonds category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T-Rex 2X Long Alphabet Daily Target ETF | 94 | 53.66M | Jan 2024 | TMV vs GOOX | |
| ProShares Ultra High Yield | 32 | 24.37M | Apr 2011 | TMV vs UJB | |
| Return Stacked Bonds & Merger Arbitrage ETF | 31 | — | Dec 2024 | TMV vs RSBA | |
| Direxion Daily 7-10 Year Treasury Bear 3X | 16 | 12.12M | Apr 2009 | TMV vs TYO | |
| ProShares UltraShort 7-10 Year Treasury | 14 | 11.56M | Apr 2008 | TMV vs PST |
Top Performing TMV Alternatives (YTD)
TMV is at 9.48% YTD. There are 2 ETFs in the Leveraged Bonds category with higher YTD returns, going as high as 16.85%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| T-Rex 2X Long Alphabet Daily Target ETF | 16.85% | 53.66M | Jan 2024 | TMV vs GOOX | |
| Direxion Daily 7-10 Year Treasury Bear 3X | 9.90% | 12.12M | Apr 2009 | TMV vs TYO | |
| UltraPro Short 20+ Year Treasury | 7.81% | 17.86M | Mar 2012 | TMV vs TTT | |
| ProShares UltraShort 20+ Year Treasury | 6.03% | 289.01M | Apr 2008 | TMV vs TBT | |
| ProShares UltraShort 7-10 Year Treasury | 5.91% | 11.56M | Apr 2008 | TMV vs PST |
Lowest Volatility Alternatives to TMV
TMV has 27.92% 1-year volatility. There are 11 ETFs in the Leveraged Bonds category with lower 1-year volatility, going as low as 4.50%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Return Stacked Bonds & Merger Arbitrage ETF | 4.50% | — | Dec 2024 | TMV vs RSBA | |
| ProShares Ultra High Yield | 7.28% | 24.37M | Apr 2011 | TMV vs UJB | |
| ProShares Ultra 7-10 Year Treasury | 9.34% | 14.80M | Jan 2010 | TMV vs UST | |
| ProShares UltraShort 7-10 Year Treasury | 9.44% | 11.56M | Apr 2008 | TMV vs PST | |
| Roundhill Treasury Bond WeeklyPay ETF | 10.86% | — | Nov 2025 | TMV vs TSYW |
Lowest Drawdown Alternatives to TMV
TMV has a 1-year max drawdown of -21.62%. There are 9 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 | TMV vs RSBA | |
| ProShares Ultra High Yield | -5.01% | 24.37M | Apr 2011 | TMV vs UJB | |
| ProShares UltraShort 7-10 Year Treasury | -6.90% | 11.56M | Apr 2008 | TMV vs PST | |
| ProShares Ultra 7-10 Year Treasury | -8.75% | 14.80M | Jan 2010 | TMV vs UST | |
| Direxion Daily 7-10 Year Treasury Bear 3X | -10.00% | 12.12M | Apr 2009 | TMV vs TYO |
Other ETFs from Direxion
The 10 most viewed Direxion ETFs shown here include SOXL, SPXL, TECL and span 8 categories. AUM among these funds goes as high as $25B.
Often Compared With TMV
Investors most often compare TMV with TLT, ^TNX, SPY. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare TMV with Any Fund or Stock
Compare TMV with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TMV with funds that move differently
Direxion Daily 20-Year Treasury Bear 3X alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TMV.
Explore TMV Diversifiers