PLTD vs. TMF
PLTD (Direxion Daily PLTR Bear 1X Shares) and TMF (Direxion Daily 20+ Year Treasury Bull 3X ETF) 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 ICE U.S. Treasury 20+ Year Bond Index (300%). Both are passively managed. Over the past year, PLTD returned -22.19% vs 0.90% for TMF. At a 0.04 correlation, their price movements are largely independent. PLTD charges 0.98%/yr vs 1.01%/yr for TMF.
Performance
PLTD vs. TMF - Performance Comparison
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Returns By Period
In the year-to-date period, PLTD achieves a 13.23% return, which is significantly higher than TMF's -6.13% return.
PLTD
- 1D
- 6.63%
- 1M
- -0.00%
- YTD
- 13.23%
- 6M
- 11.78%
- 1Y
- -22.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TMF
- 1D
- -1.14%
- 1M
- 1.22%
- YTD
- -6.13%
- 6M
- -11.63%
- 1Y
- 0.90%
- 3Y*
- -20.78%
- 5Y*
- -30.52%
- 10Y*
- -16.56%
PLTD vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PLTD Direxion Daily PLTR Bear 1X Shares | 13.23% | -70.53% | -5.12% |
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | -6.13% | -2.94% | -14.79% |
Correlation
The correlation between PLTD and TMF is -0.01, 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 | -0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024 | 0.04 |
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Return for Risk
PLTD vs. TMF — Risk / Return Rank
PLTD
TMF
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 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.
| PLTD | TMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.03 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 0.03 | -0.53 |
| Martin ratioReturn relative to average drawdown | -0.74 | 0.08 | -0.82 |
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
| PLTD | TMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.43 | 0.03 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.86 | -0.14 | -0.72 |
Drawdowns
PLTD vs. TMF - Drawdown Comparison
The maximum PLTD drawdown since its inception was -77.34%, smaller than the maximum TMF drawdown of -92.89%. Use the drawdown chart below to compare losses from any high point for PLTD and TMF.
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Drawdown Indicators
| PLTD | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.34% | -92.89% | +15.55% |
Max Drawdown (1Y)Largest decline over 1 year | -44.79% | -26.51% | -18.28% |
Max Drawdown (3Y)Largest decline over 3 years | — | -56.31% | — |
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 | -71.01% | -92.23% | +21.22% |
Average DrawdownAverage peak-to-trough decline | -59.43% | -43.63% | -15.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.14% | 11.49% | +18.65% |
Volatility
PLTD vs. TMF - Volatility Comparison
Direxion Daily PLTR Bear 1X Shares (PLTD) has a higher volatility of 18.68% compared to Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) at 8.09%. 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.
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Volatility by Period
| PLTD | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.68% | 8.09% | +10.59% |
Volatility (6M)Calculated over the trailing 6-month period | 38.02% | 19.01% | +19.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.79% | 28.76% | +23.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.73% | 46.75% | +16.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.73% | 43.92% | +19.81% |
PLTD vs. TMF - Expense Ratio Comparison
PLTD has a 0.98% expense ratio, which is lower than TMF's 1.01% expense ratio.
Dividends
PLTD vs. TMF - Dividend Comparison
PLTD's dividend yield for the trailing twelve months is around 3.26%, less than TMF's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PLTD Direxion Daily PLTR Bear 1X Shares | 3.26% | 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 ETF | 4.15% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% |
Frequently Asked Questions
PLTD and TMF have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTD has higher volatility (18.68%) compared to TMF (8.09%). In terms of maximum drawdown, PLTD dropped -77.34% vs TMF's -92.89%.
On 1-year performance, TMF leads with 0.90% vs -22.19% for PLTD. On fees, PLTD is cheaper at 0.98% per year. On volatility, TMF has been the lower-risk option at 8.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TMF has performed better with a 0.90% return vs -22.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PLTD is cheaper with a 0.98% expense ratio, compared with 1.01% for TMF.
TMF has the higher dividend yield at 4.15%, compared with 3.26% for PLTD.
PLTD is categorized as Inverse Equities, while TMF is Leveraged Bonds. PLTD tracks Palantir Technologies Inc. (-100%), while TMF tracks ICE U.S. Treasury 20+ Year Bond Index (300%). Their fees differ too: 0.98% for PLTD and 1.01% for TMF.
TMF currently has the higher Sharpe Ratio (0.03 vs -0.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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