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BB vs. TMF
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BB and TMF is -0.27. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


Performance

BB vs. TMF - Performance Comparison

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

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Key characteristics

Sharpe Ratio

BB:

0.19

TMF:

-0.52

Sortino Ratio

BB:

1.32

TMF:

-0.43

Omega Ratio

BB:

1.16

TMF:

0.95

Calmar Ratio

BB:

0.34

TMF:

-0.22

Martin Ratio

BB:

1.17

TMF:

-0.82

Ulcer Index

BB:

28.77%

TMF:

24.83%

Daily Std Dev

BB:

63.08%

TMF:

42.82%

Max Drawdown

BB:

-98.57%

TMF:

-92.22%

Current Drawdown

BB:

-97.37%

TMF:

-92.22%

Returns By Period

In the year-to-date period, BB achieves a 2.65% return, which is significantly higher than TMF's -8.82% return. Over the past 10 years, BB has outperformed TMF with an annualized return of -9.35%, while TMF has yielded a comparatively lower -14.23% annualized return.


BB

YTD

2.65%

1M

20.12%

6M

59.02%

1Y

11.82%

5Y*

-2.58%

10Y*

-9.35%

TMF

YTD

-8.82%

1M

-7.37%

6M

-16.31%

1Y

-22.10%

5Y*

-37.93%

10Y*

-14.23%

*Annualized

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Risk-Adjusted Performance

BB vs. TMF — Risk-Adjusted Performance Rank

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

BB
The Risk-Adjusted Performance Rank of BB is 6767
Overall Rank
The Sharpe Ratio Rank of BB is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of BB is 7373
Sortino Ratio Rank
The Omega Ratio Rank of BB is 6969
Omega Ratio Rank
The Calmar Ratio Rank of BB is 6767
Calmar Ratio Rank
The Martin Ratio Rank of BB is 6666
Martin Ratio Rank

TMF
The Risk-Adjusted Performance Rank of TMF is 66
Overall Rank
The Sharpe Ratio Rank of TMF is 44
Sharpe Ratio Rank
The Sortino Ratio Rank of TMF is 55
Sortino Ratio Rank
The Omega Ratio Rank of TMF is 66
Omega Ratio Rank
The Calmar Ratio Rank of TMF is 77
Calmar Ratio Rank
The Martin Ratio Rank of TMF is 66
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BB vs. TMF - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackBerry Limited (BB) 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.


The current BB Sharpe Ratio is 0.19, which is higher than the TMF Sharpe Ratio of -0.52. The chart below compares the historical Sharpe Ratios of BB and TMF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

BB vs. TMF - Dividend Comparison

BB has not paid dividends to shareholders, while TMF's dividend yield for the trailing twelve months is around 4.65%.


TTM20242023202220212020201920182017
BB
BlackBerry Limited
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
4.65%4.29%2.82%1.62%0.13%2.23%0.94%1.49%0.41%

Drawdowns

BB vs. TMF - Drawdown Comparison

The maximum BB drawdown since its inception was -98.57%, which is greater than TMF's maximum drawdown of -92.22%. Use the drawdown chart below to compare losses from any high point for BB and TMF. For additional features, visit the drawdowns tool.


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Volatility

BB vs. TMF - Volatility Comparison

The current volatility for BlackBerry Limited (BB) is 8.01%, while Direxion Daily 20-Year Treasury Bull 3X (TMF) has a volatility of 11.09%. This indicates that BB 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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