TMF vs. GOOGL
TMF (Direxion Daily 20+ Year Treasury Bull 3X ETF) is Leveraged Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (300%), while GOOGL (Alphabet Inc. Class A) is a stock. Over the past 10 years, TMF returned -17.99%/yr vs 25.05%/yr for GOOGL. At a correlation of -0.15, they often move in opposite directions.
Performance
TMF vs. GOOGL - Performance Comparison
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Returns By Period
In the year-to-date period, TMF achieves a -11.04% return, which is significantly lower than GOOGL's 12.60% return. Over the past 10 years, TMF has underperformed GOOGL with an annualized return of -17.99%, while GOOGL has yielded a comparatively higher 25.05% annualized return.
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%
GOOGL
- 1D
- 1.51%
- 1M
- -4.36%
- 6M
- 6.80%
- YTD
- 12.60%
- 1Y
- 90.75%
- 3Y*
- 43.56%
- 5Y*
- 22.73%
- 10Y*
- 25.05%
- ALL TIME*
- 25.38%
TMF vs. GOOGL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | -11.04% | -2.94% | -35.95% | -13.01% | -72.60% | -19.80% | 39.02% | 34.75% | -11.01% | 22.72% |
GOOGL Alphabet Inc. Class A | 12.60% | 65.99% | 36.01% | 58.32% | -39.09% | 65.30% | 30.85% | 28.18% | -0.80% | 32.93% |
Correlation
The correlation between TMF and GOOGL is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2009 | -0.15 |
The correlation between TMF and GOOGL shifts across timeframes, from -0.15 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TMF vs. GOOGL — Risk / Return Rank
TMF
GOOGL
TMF vs. GOOGL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) and Alphabet Inc. Class A (GOOGL). 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.
| TMF | GOOGL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.15 | ||
| Sortino ratioReturn per unit of downside risk | -4.16 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.50 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 4.48 | -4.64 |
| Martin ratioReturn relative to average drawdown | -0.32 | 13.64 | -13.97 |
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Drawdowns
TMF vs. GOOGL - Drawdown Comparison
The maximum TMF drawdown since its inception was -92.89%, which is greater than GOOGL's maximum drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for TMF and GOOGL.
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Drawdown Indicators
| TMF | GOOGL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.89% | -65.29% | -27.60% |
Max Drawdown (1Y)Largest decline over 1 year | -26.51% | -20.37% | -6.14% |
Max Drawdown (3Y)Largest decline over 3 years | -53.47% | -29.81% | -23.66% |
Max Drawdown (5Y)Largest decline over 5 years | -88.81% | -44.32% | -44.49% |
Max Drawdown (10Y)Largest decline over 10 years | -92.89% | -44.32% | -48.57% |
Current DrawdownCurrent decline from peak | -92.64% | -12.52% | -80.12% |
Average DrawdownAverage peak-to-trough decline | -43.97% | -13.01% | -30.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.22% | 6.67% | +6.55% |
Volatility
TMF vs. GOOGL - Volatility Comparison
The current volatility for Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) is 7.53%, while Alphabet Inc. Class A (GOOGL) has a volatility of 10.52%. This indicates that TMF experiences smaller price fluctuations and is considered to be less risky than GOOGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMF | GOOGL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 10.52% | -2.99% |
Volatility (6M)Calculated over the trailing 6-month period | 19.87% | 22.72% | -2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.62% | 30.55% | -2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.39% | 31.67% | +14.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.72% | 29.28% | +14.44% |
Dividends
TMF vs. GOOGL - Dividend Comparison
TMF's dividend yield for the trailing twelve months is around 4.44%, more than GOOGL's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GOOGL Alphabet Inc. Class A | 0.24% | 0.27% | 0.32% | 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
TMF and GOOGL have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOOGL has higher volatility (10.52%) compared to TMF (7.53%). In terms of maximum drawdown, TMF dropped -92.89% vs GOOGL's -65.29%.
GOOGL currently has the higher Sharpe Ratio (2.99 vs -0.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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