EETH vs. TMF
EETH (ProShares Ether Strategy ETF) and TMF (Direxion Daily 20+ Year Treasury Bull 3X ETF) are both exchange-traded funds - EETH is a Cryptocurrency fund actively managed by ProShares, while TMF is a Leveraged Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (300%). EETH is actively managed, while TMF is passively managed. Over the past year, EETH returned -49.03% vs -18.44% for TMF. Their 0.04 correlation means their historical movements had little consistent relationship. EETH charges 0.95%/yr vs 1.01%/yr for TMF.
Performance
EETH vs. TMF - Performance Comparison
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Returns By Period
In the year-to-date period, EETH achieves a -38.56% return, which is significantly lower than TMF's -16.67% return.
EETH
- 1D
- -2.86%
- 1M
- 9.70%
- 6M
- -31.24%
- YTD
- -38.56%
- 1Y
- -49.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.00%
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) |
|---|---|---|---|
| $666.61K | $697.40K | $772.42K | |
| $161.82M | $130.43M | $127.82M |
EETH vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EETH ProShares Ether Strategy ETF | -38.56% | -17.19% | 33.29% | 31.40% |
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | -16.67% | -2.94% | -35.95% | 34.99% |
Correlation
The correlation between EETH and TMF is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023 | 0.04 |
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Return for Risk
EETH vs. TMF — Risk / Return Rank
EETH
TMF
EETH vs. TMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ether Strategy ETF (EETH) 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.
| EETH | TMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.93 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.53 | -0.23 |
| Martin ratioReturn relative to average drawdown | -1.12 | -1.07 | -0.06 |
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Drawdowns
EETH vs. TMF - Drawdown Comparison
The maximum EETH drawdown since its inception was -69.22%, smaller than the maximum TMF drawdown of -93.10%. Use the drawdown chart below to compare losses from any high point for EETH and TMF.
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Drawdown Indicators
| EETH | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.22% | -93.10% | +23.88% |
Max Drawdown (1Y)Largest decline over 1 year | -69.22% | -28.69% | -40.53% |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.64% | — |
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 | -63.12% | -93.10% | +29.98% |
Average DrawdownAverage peak-to-trough decline | -31.48% | -44.07% | +12.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.54% | 14.10% | +32.44% |
Volatility
EETH vs. TMF - Volatility Comparison
ProShares Ether Strategy ETF (EETH) has a higher volatility of 13.16% compared to Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) at 7.21%. This indicates that EETH'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
| EETH | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.16% | 7.21% | +5.95% |
Volatility (6M)Calculated over the trailing 6-month period | 45.92% | 19.98% | +25.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.62% | 27.35% | +40.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.36% | 46.36% | +22.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.36% | 43.70% | +24.66% |
EETH vs. TMF - Expense Ratio Comparison
EETH has a 0.95% expense ratio, which is lower than TMF's 1.01% expense ratio.
Dividends
EETH vs. TMF - Dividend Comparison
EETH's dividend yield for the trailing twelve months is around 86.45%, more than TMF's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EETH ProShares Ether Strategy ETF | 73.66% | 56.98% | 10.82% | 0.52% | 0.00% | 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
EETH and TMF have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EETH has higher volatility (13.16%) compared to TMF (7.21%). In terms of maximum drawdown, EETH dropped -69.22% vs TMF's -93.10%.
On 1-year performance, TMF leads with -18.44% vs -49.03% for EETH. On fees, EETH is cheaper at 0.95% 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 1-year period, TMF has performed better with a -18.44% return vs -49.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EETH is cheaper with a 0.95% expense ratio, compared with 1.01% for TMF.
EETH has the higher dividend yield at 73.66%, compared with 4.74% for TMF.
EETH is categorized as Cryptocurrency, while TMF is Leveraged Bonds. They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for EETH and 1.01% for TMF.
TMF currently has the higher Sharpe Ratio (-0.55 vs -0.78), 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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