TEXU vs. TMF
TEXU (Direxion Daily Energy Top 5 Bull 2X ETF) and TMF (Direxion Daily 20+ Year Treasury Bull 3X ETF) are both exchange-traded funds - TEXU is a Leveraged Equities fund actively managed by Direxion, while TMF is a Leveraged Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (300%). TEXU is actively managed, while TMF is passively managed. At a correlation of -0.29, they often move in opposite directions.
Performance
TEXU vs. TMF - Performance Comparison
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Returns By Period
In the year-to-date period, TEXU achieves a 52.57% return, which is significantly higher than TMF's -11.04% return.
TEXU
- 1D
- 1.23%
- 1M
- 8.43%
- 6M
- 38.81%
- YTD
- 52.57%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TMF
- 1D
- -2.07%
- 1M
- -9.25%
- 6M
- -12.35%
- YTD
- -11.04%
- 1Y
- -4.28%
- 3Y*
- -21.59%
- 5Y*
- -33.52%
- 10Y*
- -17.99%
- ALL TIME*
- -6.34%
TEXU vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TEXU Direxion Daily Energy Top 5 Bull 2X ETF | 52.57% | -1.42% |
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | -11.04% | -5.99% |
Correlation
The correlation between TEXU and TMF is -0.29, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | -0.29 |
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Return for Risk
TEXU vs. TMF — Risk / Return Rank
TEXU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TMF
TEXU vs. TMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Top 5 Bull 2X ETF (TEXU) 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.
| TEXU | TMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.00 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.16 | — |
| Martin ratioReturn relative to average drawdown | — | -0.32 | — |
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Drawdowns
TEXU vs. TMF - Drawdown Comparison
The maximum TEXU drawdown since its inception was -31.71%, smaller than the maximum TMF drawdown of -92.89%. Use the drawdown chart below to compare losses from any high point for TEXU and TMF.
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Drawdown Indicators
| TEXU | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.71% | -92.89% | +61.18% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.51% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.47% | — |
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 | -20.62% | -92.64% | +72.02% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -43.97% | +35.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 13.22% | — |
Volatility
TEXU vs. TMF - Volatility Comparison
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Volatility by Period
| TEXU | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.87% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 40.63% | 27.62% | +13.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.63% | 46.39% | -5.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.63% | 43.72% | -3.09% |
Dividends
TEXU vs. TMF - Dividend Comparison
TEXU's dividend yield for the trailing twelve months is around 1.44%, less than TMF's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
TEXU Direxion Daily Energy Top 5 Bull 2X ETF | 1.44% | 0.67% | 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 | 4.44% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% |
Frequently Asked Questions
TEXU 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.
TMF has the higher dividend yield at 4.44%, compared with 1.44% for TEXU.
TEXU is categorized as Leveraged Equities, while TMF is Leveraged Bonds.
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