SKHL vs. TMF
SKHL (Direxion Daily SK Hynix Bull 2X ETF) and TMF (Direxion Daily 20+ Year Treasury Bull 3X ETF) are both exchange-traded funds - SKHL is a Leveraged Equities fund tracking the SK hynix Inc. ADR, while TMF is a Leveraged Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (300%). Both are passively managed. Their -0.29 correlation means they have often moved in opposite directions in the past. SKHL charges 0.97%/yr vs 1.01%/yr for TMF.
Performance
SKHL vs. TMF - Performance Comparison
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Returns By Period
SKHL
- 1D
- -11.82%
- 1M
- —
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TMF
- 1D
- 1.61%
- 1M
- -10.20%
- 6M
- -11.35%
- YTD
- -10.36%
- 1Y
- -5.47%
- 3Y*
- -19.80%
- 5Y*
- -33.59%
- 10Y*
- -18.41%
- ALL TIME*
- -6.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $18.07M | $16.88M | $16.88M | |
| $115.76M | $109.40M | $121.63M |
SKHL vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SKHL Direxion Daily SK Hynix Bull 2X ETF | -49.35% |
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | -0.03% |
Correlation
The correlation between SKHL and TMF is -0.29, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 15, 2026 | -0.29 |
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Return for Risk
SKHL vs. TMF — Risk / Return Rank
SKHL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TMF
SKHL vs. TMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily SK Hynix Bull 2X ETF (SKHL) 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.
| SKHL | TMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.99 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.21 | — |
| Martin ratioReturn relative to average drawdown | — | -0.40 | — |
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Drawdowns
SKHL vs. TMF - Drawdown Comparison
The maximum SKHL drawdown since its inception was -49.35%, smaller than the maximum TMF drawdown of -92.89%. Use the drawdown chart below to compare losses from any high point for SKHL and TMF.
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Drawdown Indicators
| SKHL | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.35% | -92.89% | +43.54% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.51% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.79% | — |
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 | -49.35% | -92.58% | +43.23% |
Average DrawdownAverage peak-to-trough decline | -28.05% | -44.03% | +15.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 13.77% | — |
Volatility
SKHL vs. TMF - Volatility Comparison
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Volatility by Period
| SKHL | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.34% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.36% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 235.16% | 27.42% | +207.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 235.16% | 46.33% | +188.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 235.16% | 43.70% | +191.46% |
SKHL vs. TMF - Expense Ratio Comparison
SKHL has a 0.97% expense ratio, which is lower than TMF's 1.01% expense ratio.
Dividends
SKHL vs. TMF - Dividend Comparison
SKHL has not paid dividends to shareholders, while TMF's dividend yield for the trailing twelve months is around 4.40%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SKHL Direxion Daily SK Hynix Bull 2X ETF | 0.00% | 0.00% | 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 | 4.40% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% |
Frequently Asked Questions
SKHL and TMF have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SKHL is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SKHL is cheaper with a 0.97% expense ratio, compared with 1.01% for TMF.
TMF has the higher dividend yield at 4.40%, compared with 0.00% for SKHL.
SKHL is categorized as Leveraged Equities, while TMF is Leveraged Bonds. SKHL tracks SK hynix Inc. ADR, while TMF tracks ICE U.S. Treasury 20+ Year Bond Index (300%). Their fees differ too: 0.97% for SKHL and 1.01% for TMF.
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