MVV vs. TMF
Compare and contrast key facts about ProShares Ultra Midcap 400 (MVV) and Direxion Daily 20-Year Treasury Bull 3X (TMF).
MVV and TMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MVV is a passively managed fund by ProShares that tracks the performance of the S&P MidCap 400 Index (200%). It was launched on Jun 21, 2006. 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 MVV 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: MVV or TMF.
Key characteristics
| MVV | TMF | |
|---|---|---|
| YTD Return | 16.57% | -21.88% |
| 1Y Return | 48.37% | -35.20% |
| 3Y Return (Ann) | 1.65% | -38.71% |
| 5Y Return (Ann) | 12.58% | -24.44% |
| 10Y Return (Ann) | 12.80% | -9.86% |
| Sharpe Ratio | 1.40 | -0.74 |
| Daily Std Dev | 31.53% | 48.71% |
| Max Drawdown | -85.54% | -92.18% |
| Current Drawdown | -7.61% | -89.78% |
Correlation
The correlation between MVV and TMF is -0.29. 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
MVV vs. TMF - Performance Comparison
In the year-to-date period, MVV achieves a 16.57% return, which is significantly higher than TMF's -21.88% return. Over the past 10 years, MVV has outperformed TMF with an annualized return of 12.80%, while TMF has yielded a comparatively lower -9.86% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MVV vs. TMF - Expense Ratio Comparison
MVV has a 0.95% expense ratio, which is lower than TMF's 1.09% expense ratio.
Risk-Adjusted Performance
MVV vs. TMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Midcap 400 (MVV) 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
MVV vs. TMF - Dividend Comparison
MVV's dividend yield for the trailing twelve months is around 0.53%, less than TMF's 3.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MVV ProShares Ultra Midcap 400 | 0.53% | 0.77% | 0.93% | 0.16% | 0.29% | 0.62% | 0.62% | 0.21% | 0.43% | 0.17% | 0.00% | 0.00% |
TMF Direxion Daily 20-Year Treasury Bull 3X | 3.58% | 2.82% | 1.62% | 0.13% | 0.48% | 0.94% | 1.49% | 0.41% | 0.00% | 0.00% | 0.00% | 0.57% |
Drawdowns
MVV vs. TMF - Drawdown Comparison
The maximum MVV drawdown since its inception was -85.54%, smaller than the maximum TMF drawdown of -92.18%. Use the drawdown chart below to compare losses from any high point for MVV and TMF. For additional features, visit the drawdowns tool.
Volatility
MVV vs. TMF - Volatility Comparison
The current volatility for ProShares Ultra Midcap 400 (MVV) is 7.18%, while Direxion Daily 20-Year Treasury Bull 3X (TMF) has a volatility of 9.08%. This indicates that MVV 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.