NVDD vs. TMF
Compare and contrast key facts about Direxion Daily NVDA Bear 1X Shares (NVDD) and Direxion Daily 20-Year Treasury Bull 3X (TMF).
NVDD and TMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVDD is an actively managed fund by Direxion. It was launched on Sep 12, 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.
Performance
NVDD vs. TMF - Performance Comparison
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NVDD vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVDD Direxion Daily NVDA Bear 1X Shares | 5.60% | -38.72% | -69.77% | -8.79% |
TMF Direxion Daily 20-Year Treasury Bull 3X | -2.78% | -2.94% | -35.95% | 11.06% |
Returns By Period
In the year-to-date period, NVDD achieves a 5.60% return, which is significantly higher than TMF's -2.78% return.
NVDD
- 1D
- -5.45%
- 1M
- 1.12%
- YTD
- 5.60%
- 6M
- 4.32%
- 1Y
- -43.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TMF
- 1D
- -0.19%
- 1M
- -13.14%
- YTD
- -2.78%
- 6M
- -8.60%
- 1Y
- -14.86%
- 3Y*
- -23.40%
- 5Y*
- -29.30%
- 10Y*
- -15.78%
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NVDD vs. TMF - Expense Ratio Comparison
NVDD has a 1.01% expense ratio, which is lower than TMF's 1.09% expense ratio.
Return for Risk
NVDD vs. TMF — Risk / Return Rank
NVDD
TMF
NVDD vs. TMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NVDA Bear 1X Shares (NVDD) 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.
| NVDD | TMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.05 | -0.44 | -0.61 |
Sortino ratioReturn per unit of downside risk | -1.49 | -0.41 | -1.08 |
Omega ratioGain probability vs. loss probability | 0.81 | 0.95 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | -0.75 | -0.46 | -0.29 |
Martin ratioReturn relative to average drawdown | -0.91 | -0.74 | -0.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NVDD | TMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.05 | -0.44 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.63 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.03 | -0.13 | -0.90 |
Correlation
The correlation between NVDD and TMF is 0.00, 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.
Dividends
NVDD vs. TMF - Dividend Comparison
NVDD's dividend yield for the trailing twelve months is around 3.39%, less than TMF's 4.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NVDD Direxion Daily NVDA Bear 1X Shares | 3.39% | 4.19% | 4.83% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TMF Direxion Daily 20-Year Treasury Bull 3X | 4.01% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% |
Drawdowns
NVDD vs. TMF - Drawdown Comparison
The maximum NVDD drawdown since its inception was -86.33%, smaller than the maximum TMF drawdown of -92.61%. Use the drawdown chart below to compare losses from any high point for NVDD and TMF.
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Drawdown Indicators
| NVDD | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.33% | -92.61% | +6.28% |
Max Drawdown (1Y)Largest decline over 1 year | -57.03% | -27.13% | -29.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -88.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.61% | — |
Current DrawdownCurrent decline from peak | -84.09% | -91.95% | +7.86% |
Average DrawdownAverage peak-to-trough decline | -65.69% | -43.13% | -22.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.49% | 16.93% | +29.56% |
Volatility
NVDD vs. TMF - Volatility Comparison
Direxion Daily NVDA Bear 1X Shares (NVDD) and Direxion Daily 20-Year Treasury Bull 3X (TMF) have volatilities of 10.52% and 10.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDD | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.52% | 10.85% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 25.96% | 19.51% | +6.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.21% | 33.89% | +7.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.05% | 46.85% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.05% | 44.00% | +4.05% |