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 36.10% return, which is significantly higher than TMF's 0.10% return.
TEXU
- 1D
- -3.52%
- 1M
- -13.41%
- YTD
- 36.10%
- 6M
- 37.64%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TMF
- 1D
- 0.27%
- 1M
- 6.27%
- YTD
- 0.10%
- 6M
- -2.84%
- 1Y
- 0.22%
- 3Y*
- -19.40%
- 5Y*
- -30.88%
- 10Y*
- -17.37%
TEXU vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TEXU Direxion Daily Energy Top 5 Bull 2X ETF | 36.10% | -1.42% |
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | 0.10% | -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 | — | 1.02 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.01 | — |
| Martin ratioReturn relative to average drawdown | — | 0.02 | — |
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Drawdowns
TEXU vs. TMF - Drawdown Comparison
The maximum TEXU drawdown since its inception was -29.19%, 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 | -29.19% | -92.89% | +63.70% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.51% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -55.14% | — |
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 | -29.19% | -91.71% | +62.52% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -43.81% | +36.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.38% | — |
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 | — | 7.11% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.60% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 40.81% | 28.04% | +12.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.81% | 46.59% | -5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.81% | 43.80% | -2.99% |
Dividends
TEXU vs. TMF - Dividend Comparison
TEXU's dividend yield for the trailing twelve months is around 1.62%, less than TMF's 3.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
TEXU Direxion Daily Energy Top 5 Bull 2X ETF | 1.62% | 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 | 3.94% | 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 3.94%, compared with 1.62% for TEXU.
TEXU is categorized as Leveraged Equities, while TMF is Leveraged Bonds.
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