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TMF vs. EDV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TMF and EDV is -0.27. 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.


-0.50.00.51.0
Correlation: -0.3

Performance

TMF vs. EDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily 20-Year Treasury Bull 3X (TMF) and Vanguard Extended Duration Treasury ETF (EDV). The values are adjusted to include any dividend payments, if applicable.

-60.00%-40.00%-20.00%0.00%20.00%40.00%NovemberDecember2025FebruaryMarchApril
-62.23%
32.44%
TMF
EDV

Key characteristics

Sharpe Ratio

TMF:

-0.21

EDV:

0.02

Sortino Ratio

TMF:

-0.00

EDV:

0.17

Omega Ratio

TMF:

1.00

EDV:

1.02

Calmar Ratio

TMF:

-0.10

EDV:

0.01

Martin Ratio

TMF:

-0.38

EDV:

0.04

Ulcer Index

TMF:

23.23%

EDV:

10.76%

Daily Std Dev

TMF:

42.73%

EDV:

20.75%

Max Drawdown

TMF:

-92.11%

EDV:

-59.96%

Current Drawdown

TMF:

-91.44%

EDV:

-54.40%

Returns By Period

In the year-to-date period, TMF achieves a 0.38% return, which is significantly higher than EDV's 0.28% return. Over the past 10 years, TMF has underperformed EDV with an annualized return of -14.96%, while EDV has yielded a comparatively higher -2.63% annualized return.


TMF

YTD

0.38%

1M

-6.01%

6M

-16.25%

1Y

-6.75%

5Y*

-37.69%

10Y*

-14.96%

EDV

YTD

0.28%

1M

-2.75%

6M

-6.12%

1Y

1.74%

5Y*

-14.43%

10Y*

-2.63%

*Annualized

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TMF vs. EDV - Expense Ratio Comparison

TMF has a 1.09% expense ratio, which is higher than EDV's 0.06% expense ratio.


Expense ratio chart for TMF: current value is 1.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TMF: 1.09%
Expense ratio chart for EDV: current value is 0.06%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
EDV: 0.06%

Risk-Adjusted Performance

TMF vs. EDV — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TMF
The Risk-Adjusted Performance Rank of TMF is 1616
Overall Rank
The Sharpe Ratio Rank of TMF is 1313
Sharpe Ratio Rank
The Sortino Ratio Rank of TMF is 1717
Sortino Ratio Rank
The Omega Ratio Rank of TMF is 1717
Omega Ratio Rank
The Calmar Ratio Rank of TMF is 1616
Calmar Ratio Rank
The Martin Ratio Rank of TMF is 1515
Martin Ratio Rank

EDV
The Risk-Adjusted Performance Rank of EDV is 2424
Overall Rank
The Sharpe Ratio Rank of EDV is 2525
Sharpe Ratio Rank
The Sortino Ratio Rank of EDV is 2525
Sortino Ratio Rank
The Omega Ratio Rank of EDV is 2424
Omega Ratio Rank
The Calmar Ratio Rank of EDV is 2424
Calmar Ratio Rank
The Martin Ratio Rank of EDV is 2424
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

TMF vs. EDV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 20-Year Treasury Bull 3X (TMF) and Vanguard Extended Duration Treasury ETF (EDV). 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.


The chart of Sharpe ratio for TMF, currently valued at -0.21, compared to the broader market-1.000.001.002.003.004.00
TMF: -0.21
EDV: 0.02
The chart of Sortino ratio for TMF, currently valued at -0.00, compared to the broader market-2.000.002.004.006.008.00
TMF: -0.00
EDV: 0.17
The chart of Omega ratio for TMF, currently valued at 1.00, compared to the broader market0.501.001.502.002.50
TMF: 1.00
EDV: 1.02
The chart of Calmar ratio for TMF, currently valued at -0.10, compared to the broader market0.002.004.006.008.0010.0012.00
TMF: -0.10
EDV: 0.01
The chart of Martin ratio for TMF, currently valued at -0.38, compared to the broader market0.0020.0040.0060.00
TMF: -0.38
EDV: 0.04

The current TMF Sharpe Ratio is -0.21, which is lower than the EDV Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of TMF and EDV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00NovemberDecember2025FebruaryMarchApril
-0.21
0.02
TMF
EDV

Dividends

TMF vs. EDV - Dividend Comparison

TMF's dividend yield for the trailing twelve months is around 4.22%, less than EDV's 4.73% yield.


TTM20242023202220212020201920182017201620152014
TMF
Direxion Daily 20-Year Treasury Bull 3X
4.22%4.29%2.82%1.62%0.13%2.23%0.94%1.49%0.41%0.00%0.00%0.00%
EDV
Vanguard Extended Duration Treasury ETF
4.73%4.65%3.55%3.28%1.95%5.54%3.51%2.90%2.92%5.32%4.24%3.12%

Drawdowns

TMF vs. EDV - Drawdown Comparison

The maximum TMF drawdown since its inception was -92.11%, which is greater than EDV's maximum drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for TMF and EDV. For additional features, visit the drawdowns tool.


-90.00%-80.00%-70.00%-60.00%-50.00%NovemberDecember2025FebruaryMarchApril
-91.44%
-54.40%
TMF
EDV

Volatility

TMF vs. EDV - Volatility Comparison

Direxion Daily 20-Year Treasury Bull 3X (TMF) has a higher volatility of 18.17% compared to Vanguard Extended Duration Treasury ETF (EDV) at 9.19%. This indicates that TMF's price experiences larger fluctuations and is considered to be riskier than EDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
18.17%
9.19%
TMF
EDV