SAFE vs. TMF
Compare and contrast key facts about Safehold Inc. (SAFE) and Direxion Daily 20-Year Treasury Bull 3X (TMF).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SAFE or TMF.
Key characteristics
| SAFE | TMF | |
|---|---|---|
| YTD Return | -10.13% | -28.26% |
| 1Y Return | 26.51% | 1.69% |
| 3Y Return (Ann) | -31.33% | -44.46% |
| 5Y Return (Ann) | -4.89% | -29.32% |
| Sharpe Ratio | 0.63 | 0.02 |
| Sortino Ratio | 1.25 | 0.35 |
| Omega Ratio | 1.14 | 1.04 |
| Calmar Ratio | 0.33 | 0.01 |
| Martin Ratio | 1.90 | 0.05 |
| Ulcer Index | 13.30% | 21.03% |
| Daily Std Dev | 40.22% | 44.33% |
| Max Drawdown | -78.40% | -92.18% |
| Current Drawdown | -69.62% | -90.62% |
Correlation
The correlation between SAFE and TMF is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SAFE vs. TMF - Performance Comparison
In the year-to-date period, SAFE achieves a -10.13% return, which is significantly higher than TMF's -28.26% return. 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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Risk-Adjusted Performance
SAFE vs. TMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Safehold Inc. (SAFE) 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
SAFE vs. TMF - Dividend Comparison
SAFE's dividend yield for the trailing twelve months is around 3.45%, less than TMF's 3.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAFE Safehold Inc. | 3.45% | 5.03% | 8.43% | 5.05% | 8.27% | 7.04% | 6.63% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% |
TMF Direxion Daily 20-Year Treasury Bull 3X | 3.72% | 2.82% | 1.62% | 0.13% | 0.48% | 0.94% | 1.49% | 0.41% | 0.00% | 0.00% | 0.00% | 0.57% |
Drawdowns
SAFE vs. TMF - Drawdown Comparison
The maximum SAFE drawdown since its inception was -78.40%, smaller than the maximum TMF drawdown of -92.18%. Use the drawdown chart below to compare losses from any high point for SAFE and TMF. For additional features, visit the drawdowns tool.
Volatility
SAFE vs. TMF - Volatility Comparison
The current volatility for Safehold Inc. (SAFE) is 10.55%, while Direxion Daily 20-Year Treasury Bull 3X (TMF) has a volatility of 15.47%. This indicates that SAFE 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.