PLTD vs. TMF

Last updated Apr 17, 2026

PLTD (Direxion Daily PLTR Bear 1X Shares) and TMF (Direxion Daily 20-Year Treasury Bull 3X) are both exchange-traded funds — PLTD is a Inverse Equities fund tracking the Palantir Technologies Inc. (-100%), while TMF is a Leveraged Bonds fund tracking the NYSE 20 Year Plus Treasury Bond Index (300%). Both are passively managed. Over the past year, PLTD returned -46.69% vs -7.39% for TMF. At 0.06, their price movements are largely independent. PLTD charges 0.98%/yr vs 1.09%/yr for TMF.

Performance

PLTD vs. TMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily PLTR Bear 1X Shares (PLTD) and Direxion Daily 20-Year Treasury Bull 3X (TMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLTD achieves a 16.59% return, which is significantly higher than TMF's -3.40% return.

PLTD

• 1D: -0.39%
• 1M: 5.98%
• YTD: 16.59%
• 6M: 12.76%
• 1Y: -46.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TMF

• 1D: -1.78%
• 1M: -3.92%
• YTD: -3.40%
• 6M: -15.36%
• 1Y: -7.39%
• 3Y*: -21.79%
• 5Y*: -29.91%
• 10Y*: -15.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PLTD vs. TMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PLTD Direxion Daily PLTR Bear 1X Shares	16.59%	-70.53%	-5.12%
TMF Direxion Daily 20-Year Treasury Bull 3X	-3.40%	-2.94%	-14.79%

Correlation

The correlation between PLTD and TMF is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.00
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024	0.06

Return for Risk

PLTD vs. TMF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PLTD

PLTD Risk / Return Rank: 2
PLTD Sharpe Ratio Rank: 1
PLTD Sortino Ratio Rank: 1
PLTD Omega Ratio Rank: 2
PLTD Calmar Ratio Rank: 2
PLTD Martin Ratio Rank: 2

TMF

TMF Risk / Return Rank: 4
TMF Sharpe Ratio Rank: 4
TMF Sortino Ratio Rank: 5
TMF Omega Ratio Rank: 4
TMF Calmar Ratio Rank: 4
TMF Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PLTD vs. TMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bear 1X Shares (PLTD) 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.

	PLTD	TMF	Difference
Sharpe ratio Return per unit of total volatility	-0.88	-0.24	-0.64
Sortino ratio Return per unit of downside risk	-1.32	-0.14	-1.18
Omega ratio Gain probability vs. loss probability	0.85	0.98	-0.13
Calmar ratio Return relative to maximum drawdown	-0.78	-0.24	-0.54
Martin ratio Return relative to average drawdown	-1.00	-0.43	-0.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLTD vs. TMF - Sharpe Ratio Comparison

The current PLTD Sharpe Ratio is -0.88, which is lower than the TMF Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of PLTD and TMF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PLTD	TMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.88	-0.24	-0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.64	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.89	-0.13	-0.75

Drawdowns

PLTD vs. TMF - Drawdown Comparison

The maximum PLTD drawdown since its inception was -77.34%, smaller than the maximum TMF drawdown of -92.61%. Use the drawdown chart below to compare losses from any high point for PLTD and TMF.

Drawdown Indicators

	PLTD	TMF	Difference
Max Drawdown Largest peak-to-trough decline	-77.34%	-92.61%	+15.27%
Max Drawdown (1Y) Largest decline over 1 year	-60.37%	-19.68%	-40.69%
Max Drawdown (5Y) Largest decline over 5 years	—	-88.37%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-92.61%	—
Current Drawdown Current decline from peak	-70.14%	-92.00%	+21.86%
Average Drawdown Average peak-to-trough decline	-58.39%	-43.25%	-15.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	47.14%	11.04%	+36.10%

Volatility

PLTD vs. TMF - Volatility Comparison

Direxion Daily PLTR Bear 1X Shares (PLTD) has a higher volatility of 17.67% compared to Direxion Daily 20-Year Treasury Bull 3X (TMF) at 9.53%. This indicates that PLTD'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.

Volatility by Period

	PLTD	TMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.67%	9.53%	+8.14%
Volatility (6M) Calculated over the trailing 6-month period	37.67%	19.03%	+18.64%
Volatility (1Y) Calculated over the trailing 1-year period	53.58%	30.68%	+22.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.34%	46.73%	+17.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.34%	43.96%	+20.38%

PLTD vs. TMF - Expense Ratio Comparison

PLTD has a 0.98% expense ratio, which is lower than TMF's 1.09% expense ratio.

Dividends

PLTD vs. TMF - Dividend Comparison

PLTD's dividend yield for the trailing twelve months is around 3.17%, less than TMF's 4.04% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
PLTD Direxion Daily PLTR Bear 1X Shares	3.17%	5.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TMF Direxion Daily 20-Year Treasury Bull 3X	4.04%	4.06%	4.29%	2.82%	1.62%	0.13%	2.23%	0.94%	1.49%	0.41%