AMZU vs. TMF
AMZU (Direxion Daily AMZN Bull 2X Shares) and TMF (Direxion Daily 20+ Year Treasury Bull 3X ETF) are both exchange-traded funds - AMZU is a Leveraged Equities fund tracking the Amazon.com, Inc. (200%), while TMF is a Leveraged Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (300%). Both are passively managed. Over the past 3 years, AMZU returned 26.76%/yr vs -20.63%/yr for TMF. Their 0.08 correlation means their historical movements had little consistent relationship. AMZU charges 0.99%/yr vs 1.01%/yr for TMF.
Performance
AMZU vs. TMF - Performance Comparison
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Returns By Period
In the year-to-date period, AMZU achieves a 20.75% return, which is significantly higher than TMF's -16.67% return.
AMZU
- 1D
- 29.73%
- 1M
- 21.60%
- 6M
- 14.03%
- YTD
- 20.75%
- 1Y
- 28.33%
- 3Y*
- 26.76%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.69%
TMF
- 1D
- -2.08%
- 1M
- -12.05%
- 6M
- -15.79%
- YTD
- -16.67%
- 1Y
- -18.44%
- 3Y*
- -20.63%
- 5Y*
- -34.74%
- 10Y*
- -18.47%
- ALL TIME*
- -6.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $124.23M | $117.55M | $117.81M | |
| $161.82M | $130.43M | $127.82M |
AMZU vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AMZU Direxion Daily AMZN Bull 2X Shares | 20.75% | -11.59% | 60.99% | 118.70% | -49.82% |
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | -16.67% | -2.94% | -35.95% | -13.01% | -24.04% |
Correlation
The correlation between AMZU and TMF is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022 | 0.08 |
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Return for Risk
AMZU vs. TMF — Risk / Return Rank
AMZU
TMF
AMZU vs. TMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bull 2X Shares (AMZU) 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.
| AMZU | TMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.93 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | -0.53 | +0.69 |
| Martin ratioReturn relative to average drawdown | 0.33 | -1.07 | +1.40 |
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Drawdowns
AMZU vs. TMF - Drawdown Comparison
The maximum AMZU drawdown since its inception was -55.59%, smaller than the maximum TMF drawdown of -93.10%. Use the drawdown chart below to compare losses from any high point for AMZU and TMF.
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Drawdown Indicators
| AMZU | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.59% | -93.10% | +37.51% |
Max Drawdown (1Y)Largest decline over 1 year | -42.98% | -28.69% | -14.29% |
Max Drawdown (3Y)Largest decline over 3 years | -55.47% | -50.64% | -4.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -89.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.10% | — |
Current DrawdownCurrent decline from peak | -11.06% | -93.10% | +82.04% |
Average DrawdownAverage peak-to-trough decline | -22.09% | -44.07% | +21.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.42% | 14.10% | +7.32% |
Volatility
AMZU vs. TMF - Volatility Comparison
Direxion Daily AMZN Bull 2X Shares (AMZU) has a higher volatility of 31.08% compared to Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) at 7.21%. This indicates that AMZU's price experiences larger fluctuations and is considered to be riskier than TMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMZU | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.08% | 7.21% | +23.87% |
Volatility (6M)Calculated over the trailing 6-month period | 52.00% | 19.98% | +32.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.05% | 27.35% | +42.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.30% | 46.36% | +14.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.30% | 43.70% | +17.60% |
AMZU vs. TMF - Expense Ratio Comparison
AMZU has a 0.99% expense ratio, which is lower than TMF's 1.01% expense ratio.
Dividends
AMZU vs. TMF - Dividend Comparison
AMZU's dividend yield for the trailing twelve months is around 4.83%, more than TMF's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AMZU Direxion Daily AMZN Bull 2X Shares | 4.83% | 6.12% | 3.79% | 3.37% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | 4.74% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% |
Frequently Asked Questions
AMZU and TMF have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMZU has higher volatility (31.08%) compared to TMF (7.21%). In terms of maximum drawdown, AMZU dropped -55.59% vs TMF's -93.10%.
On 3-year performance, AMZU leads with 26.76% vs -20.63% for TMF. On fees, AMZU is cheaper at 0.99% per year. On volatility, TMF has been the lower-risk option at 7.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AMZU has performed better with a 26.76% return vs -20.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AMZU is cheaper with a 0.99% expense ratio, compared with 1.01% for TMF.
AMZU has the higher dividend yield at 4.83%, compared with 4.74% for TMF.
AMZU is categorized as Leveraged Equities, while TMF is Leveraged Bonds. AMZU tracks Amazon.com, Inc. (200%), while TMF tracks ICE U.S. Treasury 20+ Year Bond Index (300%). Their fees differ too: 0.99% for AMZU and 1.01% for TMF.
AMZU currently has the higher Sharpe Ratio (0.10 vs -0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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