TMF vs. TARK
Compare and contrast key facts about Direxion Daily 20-Year Treasury Bull 3X (TMF) and Tradr 2X Long Innovation ETF (TARK).
TMF and TARK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. TARK is an actively managed fund by AXS. It was launched on Apr 28, 2022.
Performance
TMF vs. TARK - Performance Comparison
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TMF vs. TARK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TMF Direxion Daily 20-Year Treasury Bull 3X | -2.78% | -2.94% | -35.95% | -13.01% | -43.39% |
TARK Tradr 2X Long Innovation ETF | -27.41% | 41.00% | -4.85% | 121.37% | -73.35% |
Returns By Period
In the year-to-date period, TMF achieves a -2.78% return, which is significantly higher than TARK's -27.41% return.
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%
TARK
- 1D
- 12.58%
- 1M
- -16.10%
- YTD
- -27.41%
- 6M
- -45.62%
- 1Y
- 56.77%
- 3Y*
- 11.75%
- 5Y*
- —
- 10Y*
- —
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TMF vs. TARK - Expense Ratio Comparison
TMF has a 1.09% expense ratio, which is lower than TARK's 1.15% expense ratio.
Return for Risk
TMF vs. TARK — Risk / Return Rank
TMF
TARK
TMF vs. TARK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 20-Year Treasury Bull 3X (TMF) and Tradr 2X Long Innovation ETF (TARK). 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.
| TMF | TARK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.44 | 0.68 | -1.12 |
Sortino ratioReturn per unit of downside risk | -0.41 | 1.48 | -1.88 |
Omega ratioGain probability vs. loss probability | 0.95 | 1.17 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | -0.46 | 0.86 | -1.32 |
Martin ratioReturn relative to average drawdown | -0.74 | 2.03 | -2.76 |
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
| TMF | TARK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.44 | 0.68 | -1.12 |
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 | -0.13 | -0.15 | +0.01 |
Correlation
The correlation between TMF and TARK is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TMF vs. TARK - Dividend Comparison
TMF's dividend yield for the trailing twelve months is around 4.01%, less than TARK's 41.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
TARK Tradr 2X Long Innovation ETF | 41.32% | 30.00% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TMF vs. TARK - Drawdown Comparison
The maximum TMF drawdown since its inception was -92.61%, which is greater than TARK's maximum drawdown of -77.82%. Use the drawdown chart below to compare losses from any high point for TMF and TARK.
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Drawdown Indicators
| TMF | TARK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.61% | -77.82% | -14.79% |
Max Drawdown (1Y)Largest decline over 1 year | -27.13% | -57.57% | +30.44% |
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 | -91.95% | -52.23% | -39.72% |
Average DrawdownAverage peak-to-trough decline | -43.13% | -51.46% | +8.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.93% | 24.38% | -7.45% |
Volatility
TMF vs. TARK - Volatility Comparison
The current volatility for Direxion Daily 20-Year Treasury Bull 3X (TMF) is 10.85%, while Tradr 2X Long Innovation ETF (TARK) has a volatility of 25.43%. This indicates that TMF experiences smaller price fluctuations and is considered to be less risky than TARK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMF | TARK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.85% | 25.43% | -14.58% |
Volatility (6M)Calculated over the trailing 6-month period | 19.51% | 54.64% | -35.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.89% | 84.45% | -50.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.85% | 91.55% | -44.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.00% | 91.55% | -47.55% |