COM vs. TMF
COM (Direxion Auspice Broad Commodity Strategy ETF) and TMF (Direxion Daily 20+ Year Treasury Bull 3X ETF) are both exchange-traded funds - COM is a Commodities fund tracking the Auspice Broad Commodity ER Index, 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 5 years, COM returned 8.28%/yr vs -30.52%/yr for TMF. At a correlation of -0.03, they often move in opposite directions. COM charges 0.70%/yr vs 1.01%/yr for TMF.
Performance
COM vs. TMF - Performance Comparison
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Returns By Period
In the year-to-date period, COM achieves a 14.96% return, which is significantly higher than TMF's -6.13% return.
COM
- 1D
- -0.76%
- 1M
- -2.14%
- YTD
- 14.96%
- 6M
- 14.36%
- 1Y
- 22.41%
- 3Y*
- 7.16%
- 5Y*
- 8.28%
- 10Y*
- —
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%
COM vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COM Direxion Auspice Broad Commodity Strategy ETF | 14.96% | 7.72% | 5.81% | -2.09% | 9.17% | 28.00% | 6.63% | -0.18% | -0.03% | -2.05% |
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% | 19.49% |
Correlation
The correlation between COM and TMF is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2017 | -0.03 |
The correlation between COM and TMF shifts across timeframes, from -0.19 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
COM vs. TMF — Risk / Return Rank
COM
TMF
COM vs. TMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Auspice Broad Commodity Strategy ETF (COM) 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.
| COM | TMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.13 | ||
| Sortino ratioReturn per unit of downside risk | +2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.03 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 4.95 | 0.03 | +4.92 |
| Martin ratioReturn relative to average drawdown | 14.37 | 0.08 | +14.29 |
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
| COM | TMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 0.03 | +2.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | -0.66 | +1.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | -0.14 | +0.86 |
Drawdowns
COM vs. TMF - Drawdown Comparison
The maximum COM drawdown since its inception was -15.95%, smaller than the maximum TMF drawdown of -92.89%. Use the drawdown chart below to compare losses from any high point for COM and TMF.
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Drawdown Indicators
| COM | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.95% | -92.89% | +76.94% |
Max Drawdown (1Y)Largest decline over 1 year | -4.55% | -26.51% | +21.96% |
Max Drawdown (3Y)Largest decline over 3 years | -8.50% | -56.31% | +47.81% |
Max Drawdown (5Y)Largest decline over 5 years | -14.02% | -88.81% | +74.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.89% | — |
Current DrawdownCurrent decline from peak | -4.55% | -92.23% | +87.68% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -43.63% | +37.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 11.49% | -9.93% |
Volatility
COM vs. TMF - Volatility Comparison
The current volatility for Direxion Auspice Broad Commodity Strategy ETF (COM) is 4.04%, while Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) has a volatility of 8.09%. This indicates that COM 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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Volatility by Period
| COM | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 8.09% | -4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 8.60% | 19.01% | -10.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.41% | 28.76% | -18.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.60% | 46.75% | -37.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.77% | 43.92% | -34.15% |
COM vs. TMF - Expense Ratio Comparison
COM has a 0.70% expense ratio, which is lower than TMF's 1.01% expense ratio.
Dividends
COM vs. TMF - Dividend Comparison
COM's dividend yield for the trailing twelve months is around 2.46%, less than TMF's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
COM Direxion Auspice Broad Commodity Strategy ETF | 2.46% | 2.99% | 3.88% | 3.80% | 8.59% | 10.32% | 0.13% | 1.09% | 2.36% | 0.09% |
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
COM and TMF have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMF has higher volatility (8.09%) compared to COM (4.04%). In terms of maximum drawdown, COM dropped -15.95% vs TMF's -92.89%.
On 5-year performance, COM leads with 8.28% vs -30.52% for TMF. On fees, COM is cheaper at 0.70% per year. On volatility, COM has been the lower-risk option at 4.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, COM has performed better with a 8.28% return vs -30.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
COM is cheaper with a 0.70% expense ratio, compared with 1.01% for TMF.
TMF has the higher dividend yield at 4.15%, compared with 2.46% for COM.
COM is categorized as Commodities, while TMF is Leveraged Bonds. COM tracks Auspice Broad Commodity ER Index, while TMF tracks ICE U.S. Treasury 20+ Year Bond Index (300%). Their fees differ too: 0.70% for COM and 1.01% for TMF.
COM currently has the higher Sharpe Ratio (2.16 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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