ADBU vs. TMF

Last updated Jul 17, 2026

ADBU (Direxion Daily ADBE Bull 2X ETF) and TMF (Direxion Daily 20+ Year Treasury Bull 3X ETF) are both exchange-traded funds - ADBU is a Leveraged Equities fund tracking the Adobe Inc., while TMF is a Leveraged Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (300%). Both are passively managed. At a correlation of -0.05, they often move in opposite directions. ADBU charges 0.97%/yr vs 1.01%/yr for TMF.

Performance

ADBU vs. TMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily ADBE Bull 2X ETF (ADBU) and Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ADBU

• 1D: 9.31%
• 1M: 25.59%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TMF

• 1D: -0.03%
• 1M: -6.57%
• 6M: -13.01%
• YTD: -10.00%
• 1Y: -2.84%
• 3Y*: -21.08%
• 5Y*: -33.44%
• 10Y*: -17.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADBU vs. TMF - Yearly Performance Comparison

	2026 (YTD)
ADBU Direxion Daily ADBE Bull 2X ETF	-11.14%
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF	-5.54%

Correlation

The correlation between ADBU and TMF is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 25, 2026	-0.05

Return for Risk

ADBU vs. TMF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADBU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TMF

TMF Risk / Return Rank: 8
TMF Sharpe Ratio Rank: 8
TMF Sortino Ratio Rank: 8
TMF Omega Ratio Rank: 8
TMF Calmar Ratio Rank: 8
TMF Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADBU vs. TMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily ADBE Bull 2X ETF (ADBU) and Direxion Daily 20+ Year Treasury Bull 3X ETF (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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ADBU	TMF	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.10	—
Sortino ratio: Return per unit of downside risk	—	0.05	—
Omega ratio: Gain probability vs. loss probability	—	1.01	—
Calmar ratio: Return relative to maximum drawdown	—	-0.11	—
Martin ratio: Return relative to average drawdown	—	-0.22	—

Drawdowns

ADBU vs. TMF - Drawdown Comparison

The maximum ADBU drawdown since its inception was -51.62%, smaller than the maximum TMF drawdown of -92.89%. Use the drawdown chart below to compare losses from any high point for ADBU and TMF.

Drawdown Indicators

	ADBU	TMF	Difference
Max Drawdown Largest peak-to-trough decline	-51.62%	-92.89%	+41.27%
Max Drawdown (1Y) Largest decline over 1 year	—	-26.51%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-55.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-88.81%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-92.89%	—
Current Drawdown Current decline from peak	-29.69%	-92.55%	+62.86%
Average Drawdown Average peak-to-trough decline	-18.22%	-43.94%	+25.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	13.06%	—

Volatility

Volatility by Period

	ADBU	TMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	91.99%	27.47%	+64.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.99%	46.49%	+45.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.99%	43.70%	+48.29%

ADBU vs. TMF - Expense Ratio Comparison

ADBU has a 0.97% expense ratio, which is lower than TMF's 1.01% expense ratio.

Dividends

ADBU vs. TMF - Dividend Comparison

ADBU's dividend yield for the trailing twelve months is around 0.27%, less than TMF's 4.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ADBU Direxion Daily ADBE Bull 2X ETF	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF	4.39%	4.06%	4.29%	2.82%	1.62%	0.13%	2.23%	0.94%	1.49%	0.41%

Frequently Asked Questions

Can I hold both ADBU and TMF in my portfolio?

ADBU and TMF have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ADBU or TMF?

On fees, ADBU is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ADBU or TMF?

ADBU is cheaper with a 0.97% expense ratio, compared with 1.01% for TMF.

Which ETF pays a higher dividend yield, ADBU or TMF?

TMF has the higher dividend yield at 4.39%, compared with 0.27% for ADBU.

What is the main difference between ADBU and TMF?

ADBU is categorized as Leveraged Equities, while TMF is Leveraged Bonds. ADBU tracks Adobe Inc., while TMF tracks ICE U.S. Treasury 20+ Year Bond Index (300%). Their fees differ too: 0.97% for ADBU and 1.01% for TMF.