TLT5.L vs. TMF
Compare and contrast key facts about Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities (TLT5.L) and Direxion Daily 20-Year Treasury Bull 3X (TMF).
TLT5.L and TMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TLT5.L is an actively managed fund by Leverage Shares. It was launched on May 15, 2023. 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.
Performance
TLT5.L vs. TMF - Performance Comparison
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TLT5.L vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TLT5.L Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities | -10.87% | -26.09% | -59.61% | 21.31% |
TMF Direxion Daily 20-Year Treasury Bull 3X | -2.78% | -2.94% | -35.95% | -17.98% |
Returns By Period
In the year-to-date period, TLT5.L achieves a -10.87% return, which is significantly lower than TMF's -2.78% return.
TLT5.L
- 1D
- -0.76%
- 1M
- -21.21%
- YTD
- -10.87%
- 6M
- -21.42%
- 1Y
- -38.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TMF
- 1D
- -0.19%
- 1M
- -13.14%
- YTD
- -2.78%
- 6M
- -8.60%
- 1Y
- -14.86%
- 3Y*
- -23.40%
- 5Y*
- -29.30%
- 10Y*
- -15.78%
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TLT5.L vs. TMF - Expense Ratio Comparison
TLT5.L has a 0.75% expense ratio, which is lower than TMF's 1.09% expense ratio.
Return for Risk
TLT5.L vs. TMF — Risk / Return Rank
TLT5.L
TMF
TLT5.L vs. TMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities (TLT5.L) 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.
| TLT5.L | TMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.66 | -0.44 | -0.22 |
Sortino ratioReturn per unit of downside risk | -0.71 | -0.41 | -0.31 |
Omega ratioGain probability vs. loss probability | 0.91 | 0.95 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | -0.85 | -0.46 | -0.39 |
Martin ratioReturn relative to average drawdown | -1.10 | -0.74 | -0.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TLT5.L | TMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | -0.44 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.63 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.37 | -0.13 | -0.24 |
Correlation
The correlation between TLT5.L and TMF is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TLT5.L vs. TMF - Dividend Comparison
TLT5.L has not paid dividends to shareholders, while TMF's dividend yield for the trailing twelve months is around 4.01%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TLT5.L Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities | 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 | 4.01% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% |
Drawdowns
TLT5.L vs. TMF - Drawdown Comparison
The maximum TLT5.L drawdown since its inception was -84.31%, smaller than the maximum TMF drawdown of -92.61%. Use the drawdown chart below to compare losses from any high point for TLT5.L and TMF.
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Drawdown Indicators
| TLT5.L | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.31% | -92.61% | +8.30% |
Max Drawdown (1Y)Largest decline over 1 year | -49.16% | -27.13% | -22.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -88.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.61% | — |
Current DrawdownCurrent decline from peak | -83.75% | -91.95% | +8.20% |
Average DrawdownAverage peak-to-trough decline | -63.62% | -43.13% | -20.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.03% | 16.93% | +21.10% |
Volatility
TLT5.L vs. TMF - Volatility Comparison
Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities (TLT5.L) has a higher volatility of 17.12% compared to Direxion Daily 20-Year Treasury Bull 3X (TMF) at 10.85%. This indicates that TLT5.L'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.
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Volatility by Period
| TLT5.L | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.12% | 10.85% | +6.27% |
Volatility (6M)Calculated over the trailing 6-month period | 32.39% | 19.51% | +12.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.26% | 33.89% | +24.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.12% | 46.85% | +41.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.12% | 44.00% | +44.12% |