Correlation
The correlation between ^SP600 and TMF is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
^SP600 vs. TMF
Compare and contrast key facts about S&P 600 (^SP600) and Direxion Daily 20-Year Treasury Bull 3X (TMF).
TMF is a passively managed fund by Direxion that tracks the performance of the NYSE 20 Year Plus Treasury Bond Index (300%). It was launched on Apr 16, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SP600 or TMF.
Performance
^SP600 vs. TMF - Performance Comparison
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Key characteristics
^SP600:
-0.10
TMF:
-0.40
^SP600:
0.03
TMF:
-0.33
^SP600:
1.00
TMF:
0.96
^SP600:
-0.08
TMF:
-0.19
^SP600:
-0.23
TMF:
-0.68
^SP600:
10.47%
TMF:
26.33%
^SP600:
24.34%
TMF:
42.88%
^SP600:
-59.17%
TMF:
-92.61%
^SP600:
-16.86%
TMF:
-92.06%
Returns By Period
In the year-to-date period, ^SP600 achieves a -8.80% return, which is significantly lower than TMF's -6.95% return. Over the past 10 years, ^SP600 has outperformed TMF with an annualized return of 6.00%, while TMF has yielded a comparatively lower -13.59% annualized return.
^SP600
-8.80%
4.42%
-16.20%
-3.41%
1.30%
9.84%
6.00%
TMF
-6.95%
-9.42%
-24.36%
-18.80%
-32.90%
-36.78%
-13.59%
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Risk-Adjusted Performance
^SP600 vs. TMF — Risk-Adjusted Performance Rank
^SP600
TMF
^SP600 vs. TMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 600 (^SP600) and Direxion Daily 20-Year Treasury Bull 3X (TMF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Drawdowns
^SP600 vs. TMF - Drawdown Comparison
The maximum ^SP600 drawdown since its inception was -59.17%, smaller than the maximum TMF drawdown of -92.61%. Use the drawdown chart below to compare losses from any high point for ^SP600 and TMF.
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Volatility
^SP600 vs. TMF - Volatility Comparison
The current volatility for S&P 600 (^SP600) is 6.56%, while Direxion Daily 20-Year Treasury Bull 3X (TMF) has a volatility of 10.60%. This indicates that ^SP600 experiences smaller price fluctuations and is considered to be less risky than TMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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