BB vs. TMF
BB (BlackBerry Limited) is a stock, while TMF (Direxion Daily 20+ Year Treasury Bull 3X ETF) is Leveraged Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (300%). Over the past 10 years, BB returned 3.44%/yr vs -16.56%/yr for TMF. At a correlation of -0.12, they often move in opposite directions.
Performance
BB vs. TMF - Performance Comparison
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Returns By Period
In the year-to-date period, BB achieves a 168.60% return, which is significantly higher than TMF's -6.13% return. Over the past 10 years, BB has outperformed TMF with an annualized return of 3.44%, while TMF has yielded a comparatively lower -16.56% annualized return.
BB
- 1D
- -1.36%
- 1M
- 82.44%
- YTD
- 168.60%
- 6M
- 143.54%
- 1Y
- 156.42%
- 3Y*
- 24.23%
- 5Y*
- -5.99%
- 10Y*
- 3.44%
TMF
- 1D
- -1.14%
- 1M
- 1.22%
- YTD
- -6.13%
- 6M
- -11.63%
- 1Y
- 0.90%
- 3Y*
- -20.78%
- 5Y*
- -30.52%
- 10Y*
- -16.56%
BB vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BB BlackBerry Limited | 168.60% | 0.26% | 6.78% | 8.59% | -65.13% | 41.03% | 3.27% | -9.70% | -36.35% | 62.12% |
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | -6.13% | -2.94% | -35.95% | -13.01% | -72.60% | -19.80% | 39.02% | 34.75% | -11.01% | 22.72% |
Correlation
The correlation between BB and TMF is 0.04, 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 (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2009 | -0.12 |
The correlation between BB and TMF shifts across timeframes, from -0.12 (all time) to 0.12 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BB vs. TMF — Risk / Return Rank
BB
TMF
BB vs. TMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackBerry Limited (BB) 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.
| BB | TMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.03 | ||
| Sortino ratioReturn per unit of downside risk | +3.70 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.03 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 0.03 | +4.22 |
| Martin ratioReturn relative to average drawdown | 7.98 | 0.08 | +7.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BB | TMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.06 | 0.03 | +3.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | -0.66 | +0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.06 | -0.38 | +0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | -0.14 | +0.23 |
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 -92.89%. Use the drawdown chart below to compare losses from any high point for BB and TMF.
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Drawdown Indicators
| BB | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.57% | -92.89% | -5.68% |
Max Drawdown (1Y)Largest decline over 1 year | -37.00% | -26.51% | -10.49% |
Max Drawdown (3Y)Largest decline over 3 years | -62.32% | -56.31% | -6.01% |
Max Drawdown (5Y)Largest decline over 5 years | -86.65% | -88.81% | +2.16% |
Max Drawdown (10Y)Largest decline over 10 years | -91.59% | -92.89% | +1.30% |
Current DrawdownCurrent decline from peak | -93.10% | -92.23% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -72.00% | -43.63% | -28.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.68% | 11.49% | +8.19% |
Volatility
BB vs. TMF - Volatility Comparison
BlackBerry Limited (BB) has a higher volatility of 21.14% compared to Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) at 8.09%. This indicates that BB'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
| BB | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.14% | 8.09% | +13.05% |
Volatility (6M)Calculated over the trailing 6-month period | 39.78% | 19.01% | +20.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.43% | 28.76% | +22.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.85% | 46.75% | +11.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.69% | 43.92% | +15.77% |
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 4.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BB BlackBerry Limited | 0.00% | 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 | 4.15% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% |
Frequently Asked Questions
BB and TMF have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BB has higher volatility (21.14%) compared to TMF (8.09%). In terms of maximum drawdown, BB dropped -98.57% vs TMF's -92.89%.
BB currently has the higher Sharpe Ratio (3.06 vs 0.03), 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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