PLW vs. TMF
Compare and contrast key facts about Invesco 1-30 Laddered Treasury ETF (PLW) and Direxion Daily 20-Year Treasury Bull 3X (TMF).
PLW and TMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PLW is a passively managed fund by Invesco that tracks the performance of the Ryan/NASDAQ 1-30 Year Treasury Laddered Index. It was launched on Oct 11, 2007. 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 PLW 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: PLW or TMF.
Key characteristics
| PLW | TMF |
|---|
Correlation
The correlation between PLW and TMF is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PLW vs. TMF - Performance Comparison
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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PLW vs. TMF - Expense Ratio Comparison
PLW has a 0.25% expense ratio, which is lower than TMF's 1.09% expense ratio.
Risk-Adjusted Performance
PLW vs. TMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco 1-30 Laddered Treasury ETF (PLW) 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
PLW vs. TMF - Dividend Comparison
PLW has not paid dividends to shareholders, while TMF's dividend yield for the trailing twelve months is around 3.58%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLW Invesco 1-30 Laddered Treasury ETF | 2.97% | 2.87% | 1.97% | 1.15% | 1.00% | 1.96% | 2.14% | 2.02% | 2.00% | 2.14% | 2.30% | 2.43% |
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
PLW vs. TMF - Drawdown Comparison
Volatility
PLW vs. TMF - Volatility Comparison
The current volatility for Invesco 1-30 Laddered Treasury ETF (PLW) is 0.00%, while Direxion Daily 20-Year Treasury Bull 3X (TMF) has a volatility of 9.08%. This indicates that PLW 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.