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 | -12.08% | -22.20% |
| 1Y Return | -23.42% | -34.98% |
| 3Y Return (Ann) | -22.27% | -38.68% |
| 5Y Return (Ann) | 2.43% | -24.49% |
| 10Y Return (Ann) | -2.56% | -9.70% |
| Sharpe Ratio | -0.53 | -0.73 |
| Daily Std Dev | 44.45% | 48.70% |
| Max Drawdown | -97.60% | -92.18% |
| Current Drawdown | -70.28% | -89.82% |
Correlation
The correlation between SAFE and TMF is -0.11. 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.
Performance
SAFE vs. TMF - Performance Comparison
In the year-to-date period, SAFE achieves a -12.08% return, which is significantly higher than TMF's -22.20% return. Over the past 10 years, SAFE has outperformed TMF with an annualized return of -2.56%, while TMF has yielded a comparatively lower -9.70% annualized 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 3.47%, less than TMF's 3.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAFE Safehold Inc. | 3.47% | 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 | 3.59% | 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 -97.60%, which is greater than TMF's maximum 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
Safehold Inc. (SAFE) has a higher volatility of 9.84% compared to Direxion Daily 20-Year Treasury Bull 3X (TMF) at 8.71%. This indicates that SAFE'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.