BIVRX vs. TMF
Compare and contrast key facts about Invenomic Fund (BIVRX) and Direxion Daily 20-Year Treasury Bull 3X (TMF).
BIVRX is managed by Invenomic. It was launched on Jun 18, 2017. 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: BIVRX or TMF.
Performance
BIVRX vs. TMF - Performance Comparison
Returns By Period
In the year-to-date period, BIVRX achieves a -12.63% return, which is significantly higher than TMF's -29.40% return.
BIVRX
-12.63%
0.60%
-4.09%
-24.68%
8.50%
N/A
TMF
-29.40%
-7.14%
-6.17%
-9.40%
-30.10%
-12.49%
Key characteristics
| BIVRX | TMF | |
|---|---|---|
| Sharpe Ratio | -1.32 | -0.20 |
| Sortino Ratio | -1.58 | 0.02 |
| Omega Ratio | 0.72 | 1.00 |
| Calmar Ratio | -0.71 | -0.09 |
| Martin Ratio | -1.11 | -0.39 |
| Ulcer Index | 22.00% | 21.73% |
| Daily Std Dev | 18.53% | 43.56% |
| Max Drawdown | -34.31% | -92.18% |
| Current Drawdown | -32.96% | -90.76% |
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BIVRX vs. TMF - Expense Ratio Comparison
BIVRX has a 2.48% expense ratio, which is higher than TMF's 1.09% expense ratio.
Correlation
The correlation between BIVRX and TMF is -0.17. 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.
Risk-Adjusted Performance
BIVRX vs. TMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invenomic Fund (BIVRX) 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.
Dividends
BIVRX vs. TMF - Dividend Comparison
BIVRX's dividend yield for the trailing twelve months is around 3.00%, less than TMF's 3.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIVRX Invenomic Fund | 3.00% | 2.62% | 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 | 3.78% | 2.82% | 1.62% | 0.13% | 0.48% | 0.94% | 1.49% | 0.41% | 0.00% | 0.00% | 0.00% | 0.57% |
Drawdowns
BIVRX vs. TMF - Drawdown Comparison
The maximum BIVRX drawdown since its inception was -34.31%, smaller than the maximum TMF drawdown of -92.18%. Use the drawdown chart below to compare losses from any high point for BIVRX and TMF. For additional features, visit the drawdowns tool.
Volatility
BIVRX vs. TMF - Volatility Comparison
The current volatility for Invenomic Fund (BIVRX) is 2.98%, while Direxion Daily 20-Year Treasury Bull 3X (TMF) has a volatility of 13.71%. This indicates that BIVRX 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.