EWV vs. TMF
Compare and contrast key facts about ProShares UltraShort MSCI Japan (EWV) and Direxion Daily 20-Year Treasury Bull 3X (TMF).
EWV and TMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWV is a passively managed fund by ProShares that tracks the performance of the MSCI Japan Index (-200%). It was launched on Nov 6, 2007. 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. Both EWV and TMF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EWV or TMF.
Correlation
The correlation between EWV and TMF is -0.27. 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.
Performance
EWV vs. TMF - Performance Comparison
Key characteristics
EWV:
-0.41
TMF:
-0.25
EWV:
-0.35
TMF:
-0.07
EWV:
0.96
TMF:
0.99
EWV:
-0.18
TMF:
-0.12
EWV:
-1.09
TMF:
-0.44
EWV:
15.94%
TMF:
24.07%
EWV:
42.28%
TMF:
42.68%
EWV:
-98.60%
TMF:
-92.11%
EWV:
-98.60%
TMF:
-91.60%
Returns By Period
In the year-to-date period, EWV achieves a -16.39% return, which is significantly lower than TMF's -1.56% return. Over the past 10 years, EWV has underperformed TMF with an annualized return of -15.20%, while TMF has yielded a comparatively higher -13.82% annualized return.
EWV
-16.39%
-29.32%
-13.46%
-13.94%
-19.82%
-15.20%
TMF
-1.56%
-17.17%
-18.36%
-14.28%
-36.88%
-13.82%
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EWV vs. TMF - Expense Ratio Comparison
EWV has a 0.95% expense ratio, which is lower than TMF's 1.09% expense ratio.
Risk-Adjusted Performance
EWV vs. TMF — Risk-Adjusted Performance Rank
EWV
TMF
EWV vs. TMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Japan (EWV) 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
EWV vs. TMF - Dividend Comparison
EWV's dividend yield for the trailing twelve months is around 3.77%, less than TMF's 4.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
EWV ProShares UltraShort MSCI Japan | 3.77% | 3.39% | 3.42% | 0.25% | 0.00% | 0.00% | 0.33% | 0.00% | 0.00% |
TMF Direxion Daily 20-Year Treasury Bull 3X | 4.30% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% |
Drawdowns
EWV vs. TMF - Drawdown Comparison
The maximum EWV drawdown since its inception was -98.60%, which is greater than TMF's maximum drawdown of -92.11%. Use the drawdown chart below to compare losses from any high point for EWV and TMF. For additional features, visit the drawdowns tool.
Volatility
EWV vs. TMF - Volatility Comparison
ProShares UltraShort MSCI Japan (EWV) has a higher volatility of 19.26% compared to Direxion Daily 20-Year Treasury Bull 3X (TMF) at 17.41%. This indicates that EWV'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.