QCMU vs. TMF
QCMU (Direxion Daily QCOM Bull 2X Shares) and TMF (Direxion Daily 20+ Year Treasury Bull 3X ETF) are both exchange-traded funds - QCMU is a Leveraged Equities fund managed by Direxion, while TMF is a Leveraged Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (300%). At a 0.13 correlation, their price movements are largely independent. QCMU charges 1.07%/yr vs 1.01%/yr for TMF.
Performance
QCMU vs. TMF - Performance Comparison
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Returns By Period
In the year-to-date period, QCMU achieves a 35.64% return, which is significantly higher than TMF's -4.08% return.
QCMU
- 1D
- -3.68%
- 1M
- -17.77%
- YTD
- 35.64%
- 6M
- 30.44%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TMF
- 1D
- -2.15%
- 1M
- 5.61%
- YTD
- -4.08%
- 6M
- -4.92%
- 1Y
- -1.09%
- 3Y*
- -20.90%
- 5Y*
- -31.19%
- 10Y*
- -16.82%
QCMU vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QCMU Direxion Daily QCOM Bull 2X Shares | 35.64% | 11.21% |
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | -4.08% | -0.12% |
Correlation
The correlation between QCMU and TMF is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025 | 0.13 |
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Return for Risk
QCMU vs. TMF — Risk / Return Rank
QCMU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TMF
QCMU vs. TMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily QCOM Bull 2X Shares (QCMU) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QCMU | TMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.02 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.04 | — |
| Martin ratioReturn relative to average drawdown | — | -0.09 | — |
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Drawdowns
QCMU vs. TMF - Drawdown Comparison
The maximum QCMU drawdown since its inception was -59.48%, smaller than the maximum TMF drawdown of -92.89%. Use the drawdown chart below to compare losses from any high point for QCMU and TMF.
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Drawdown Indicators
| QCMU | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.48% | -92.89% | +33.41% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.51% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -56.09% | — |
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 | -25.56% | -92.06% | +66.50% |
Average DrawdownAverage peak-to-trough decline | -22.82% | -43.75% | +20.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.20% | — |
Volatility
QCMU vs. TMF - Volatility Comparison
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Volatility by Period
| QCMU | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.48% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.39% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 100.77% | 27.96% | +72.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 100.77% | 46.59% | +54.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 100.77% | 43.92% | +56.85% |
QCMU vs. TMF - Expense Ratio Comparison
QCMU has a 1.07% expense ratio, which is higher than TMF's 1.01% expense ratio.
Dividends
QCMU vs. TMF - Dividend Comparison
QCMU's dividend yield for the trailing twelve months is around 1.51%, less than TMF's 4.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QCMU Direxion Daily QCOM Bull 2X Shares | 1.51% | 1.57% | 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 | 4.06% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% |
Frequently Asked Questions
QCMU and TMF have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TMF is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TMF is cheaper with a 1.01% expense ratio, compared with 1.07% for QCMU.
TMF has the higher dividend yield at 4.06%, compared with 1.51% for QCMU.
QCMU is categorized as Leveraged Equities, while TMF is Leveraged Bonds. Their fees differ too: 1.07% for QCMU and 1.01% for TMF.
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