EETH vs. TMF
Compare and contrast key facts about ProShares Ether Strategy ETF (EETH) and Direxion Daily 20-Year Treasury Bull 3X (TMF).
EETH and TMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EETH is an actively managed fund by ProShares. It was launched on Oct 2, 2023. 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: EETH or TMF.
Correlation
The correlation between EETH and TMF is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
EETH vs. TMF - Performance Comparison
Key characteristics
EETH:
0.66
TMF:
-0.82
EETH:
1.35
TMF:
-1.06
EETH:
1.16
TMF:
0.88
EETH:
0.96
TMF:
-0.38
EETH:
1.79
TMF:
-1.49
EETH:
25.13%
TMF:
23.22%
EETH:
68.11%
TMF:
42.14%
EETH:
-47.15%
TMF:
-92.18%
EETH:
-19.78%
TMF:
-91.22%
Returns By Period
In the year-to-date period, EETH achieves a 37.92% return, which is significantly higher than TMF's -32.86% return.
EETH
37.92%
10.38%
-6.04%
41.59%
N/A
N/A
TMF
-32.86%
-6.24%
-18.17%
-34.53%
-29.82%
-14.18%
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EETH vs. TMF - Expense Ratio Comparison
EETH has a 0.95% expense ratio, which is lower than TMF's 1.09% expense ratio.
Risk-Adjusted Performance
EETH vs. TMF - Risk-Adjusted Performance 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 (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
EETH vs. TMF - Dividend Comparison
EETH's dividend yield for the trailing twelve months is around 10.10%, more than TMF's 3.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EETH ProShares Ether Strategy ETF | 10.10% | 0.53% | 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 | 2.80% | 2.82% | 1.62% | 0.13% | 0.48% | 0.94% | 1.49% | 0.41% | 0.00% | 0.00% | 0.00% | 0.57% |
Drawdowns
EETH vs. TMF - Drawdown Comparison
The maximum EETH drawdown since its inception was -47.15%, smaller than the maximum TMF drawdown of -92.18%. Use the drawdown chart below to compare losses from any high point for EETH and TMF. For additional features, visit the drawdowns tool.
Volatility
EETH vs. TMF - Volatility Comparison
ProShares Ether Strategy ETF (EETH) has a higher volatility of 24.70% compared to Direxion Daily 20-Year Treasury Bull 3X (TMF) at 13.04%. 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.