PST vs. TMF
Compare and contrast key facts about ProShares UltraShort 7-10 Year Treasury (PST) and Direxion Daily 20-Year Treasury Bull 3X (TMF).
PST and TMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PST is a passively managed fund by ProShares that tracks the performance of the ICE BofA US Treasury (7-10 Y) (-200%). It was launched on May 1, 2008. 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 PST 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.
Performance
PST vs. TMF - Performance Comparison
Loading graphics...
PST vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PST ProShares UltraShort 7-10 Year Treasury | 2.06% | -4.42% | 12.27% | 3.17% | 38.55% | 4.01% | -18.67% | -11.03% | 1.72% | -4.52% |
TMF Direxion Daily 20-Year Treasury Bull 3X | -2.78% | -2.94% | -35.95% | -13.01% | -72.60% | -19.80% | 39.02% | 34.75% | -11.01% | 22.72% |
Returns By Period
In the year-to-date period, PST achieves a 2.06% return, which is significantly higher than TMF's -2.78% return. Over the past 10 years, PST has outperformed TMF with an annualized return of 1.99%, while TMF has yielded a comparatively lower -15.78% annualized return.
PST
- 1D
- -0.23%
- 1M
- 5.54%
- YTD
- 2.06%
- 6M
- 2.99%
- 1Y
- 1.28%
- 3Y*
- 6.13%
- 5Y*
- 7.99%
- 10Y*
- 1.99%
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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PST vs. TMF - Expense Ratio Comparison
PST has a 0.95% expense ratio, which is lower than TMF's 1.09% expense ratio.
Return for Risk
PST vs. TMF — Risk / Return Rank
PST
TMF
PST vs. TMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort 7-10 Year Treasury (PST) 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.
| PST | TMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.11 | -0.44 | +0.55 |
Sortino ratioReturn per unit of downside risk | 0.24 | -0.41 | +0.64 |
Omega ratioGain probability vs. loss probability | 1.03 | 0.95 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.10 | -0.46 | +0.56 |
Martin ratioReturn relative to average drawdown | 0.16 | -0.74 | +0.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PST | TMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | -0.44 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | -0.63 | +1.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | -0.36 | +0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.39 | -0.13 | -0.25 |
Correlation
The correlation between PST and TMF is -0.91. 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.
Dividends
PST vs. TMF - Dividend Comparison
PST's dividend yield for the trailing twelve months is around 3.16%, less than TMF's 4.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PST ProShares UltraShort 7-10 Year Treasury | 3.16% | 3.47% | 3.61% | 3.69% | 0.02% | 0.00% | 0.11% | 1.85% | 0.66% | 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
PST vs. TMF - Drawdown Comparison
The maximum PST drawdown since its inception was -79.25%, smaller than the maximum TMF drawdown of -92.61%. Use the drawdown chart below to compare losses from any high point for PST and TMF.
Loading graphics...
Drawdown Indicators
| PST | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.25% | -92.61% | +13.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.22% | -27.13% | +18.91% |
Max Drawdown (5Y)Largest decline over 5 years | -16.19% | -88.37% | +72.18% |
Max Drawdown (10Y)Largest decline over 10 years | -36.07% | -92.61% | +56.54% |
Current DrawdownCurrent decline from peak | -64.99% | -91.95% | +26.96% |
Average DrawdownAverage peak-to-trough decline | -61.45% | -43.13% | -18.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.01% | 16.93% | -11.92% |
Volatility
PST vs. TMF - Volatility Comparison
The current volatility for ProShares UltraShort 7-10 Year Treasury (PST) is 3.88%, while Direxion Daily 20-Year Treasury Bull 3X (TMF) has a volatility of 10.85%. This indicates that PST 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.
Loading graphics...
Volatility by Period
| PST | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 10.85% | -6.97% |
Volatility (6M)Calculated over the trailing 6-month period | 6.53% | 19.51% | -12.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.90% | 33.89% | -21.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 46.85% | -31.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.33% | 44.00% | -30.67% |