LOFF vs. TMF
LOFF (Direxion Daily SpaceX Bull 2X ETF) and TMF (Direxion Daily 20+ Year Treasury Bull 3X ETF) are both exchange-traded funds - LOFF is a Leveraged Equities fund actively managed by Direxion, while TMF is a Leveraged Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (300%). LOFF is actively managed, while TMF is passively managed. At a 0.23 correlation, their price movements are largely independent. LOFF charges 0.97%/yr vs 1.01%/yr for TMF.
Performance
LOFF vs. TMF - Performance Comparison
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Returns By Period
LOFF
- 1D
- -5.94%
- 1M
- -47.69%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TMF
- 1D
- 0.22%
- 1M
- -13.31%
- 6M
- -14.64%
- YTD
- -13.24%
- 1Y
- -8.61%
- 3Y*
- -21.79%
- 5Y*
- -33.96%
- 10Y*
- -18.22%
- ALL TIME*
- -6.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.23M | $19.42M | $33.43M | |
| $110.01M | $102.71M | $121.07M |
LOFF vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
LOFF Direxion Daily SpaceX Bull 2X ETF | -60.77% |
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | -8.50% |
Correlation
The correlation between LOFF and TMF is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 15, 2026 | 0.23 |
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Return for Risk
LOFF vs. TMF — Risk / Return Rank
LOFF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TMF
LOFF vs. TMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily SpaceX Bull 2X ETF (LOFF) 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.
| LOFF | TMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.97 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.33 | — |
| Martin ratioReturn relative to average drawdown | — | -0.63 | — |
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Drawdowns
LOFF vs. TMF - Drawdown Comparison
The maximum LOFF drawdown since its inception was -70.97%, smaller than the maximum TMF drawdown of -92.89%. Use the drawdown chart below to compare losses from any high point for LOFF and TMF.
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Drawdown Indicators
| LOFF | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.97% | -92.89% | +21.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.51% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -52.71% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -88.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.89% | — |
Current DrawdownCurrent decline from peak | -70.97% | -92.82% | +21.85% |
Average DrawdownAverage peak-to-trough decline | -46.12% | -44.01% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 13.60% | — |
Volatility
LOFF vs. TMF - Volatility Comparison
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Volatility by Period
| LOFF | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.49% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.28% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 169.72% | 27.38% | +142.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 169.72% | 46.33% | +123.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 169.72% | 43.70% | +126.02% |
LOFF vs. TMF - Expense Ratio Comparison
LOFF has a 0.97% expense ratio, which is lower than TMF's 1.01% expense ratio.
Dividends
LOFF vs. TMF - Dividend Comparison
LOFF's dividend yield for the trailing twelve months is around 0.09%, less than TMF's 4.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
LOFF Direxion Daily SpaceX Bull 2X ETF | 0.09% | 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 ETF | 4.55% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% |
Frequently Asked Questions
LOFF and TMF have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LOFF is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LOFF is cheaper with a 0.97% expense ratio, compared with 1.01% for TMF.
TMF has the higher dividend yield at 4.55%, compared with 0.09% for LOFF.
LOFF is categorized as Leveraged Equities, while TMF is Leveraged Bonds. Their fees differ too: 0.97% for LOFF and 1.01% for TMF.
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