TMF vs. TSYW

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily 20-Year Treasury Bull 3X (TMF) and Roundhill Treasury Bond WeeklyPay ETF (TSYW).

TMF and TSYW 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. TSYW is an actively managed fund by Roundhill. It was launched on Nov 12, 2025.

Performance

TMF vs. TSYW - Performance Comparison

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

TMF vs. TSYW - Yearly Performance Comparison

	2026 (YTD)	2025
TMF Direxion Daily 20-Year Treasury Bull 3X	-2.78%	-6.59%
TSYW Roundhill Treasury Bond WeeklyPay ETF	-0.81%	-2.56%

Returns By Period

In the year-to-date period, TMF achieves a -2.78% return, which is significantly lower than TSYW's -0.81% 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%

TSYW

• 1D: 0.04%
• 1M: -5.24%
• YTD: -0.81%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TMF vs. TSYW - Expense Ratio Comparison

TMF has a 1.09% expense ratio, which is higher than TSYW's 0.99% expense ratio.

TMF

Direxion Daily 20-Year Treasury Bull 3X

TSYW

Roundhill Treasury Bond WeeklyPay ETF

Return for Risk

TMF vs. TSYW — Risk / Return Rank

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

TMF

TMF Risk / Return Rank: 5
TMF Sharpe Ratio Rank: 5
TMF Sortino Ratio Rank: 5
TMF Omega Ratio Rank: 5
TMF Calmar Ratio Rank: 5
TMF Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TMF vs. TSYW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 20-Year Treasury Bull 3X (TMF) and Roundhill Treasury Bond WeeklyPay ETF (TSYW). 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	TSYW	Difference
Sharpe ratio Return per unit of total volatility	-0.44	—	—
Sortino ratio Return per unit of downside risk	-0.41	—	—
Omega ratio Gain probability vs. loss probability	0.95	—	—
Calmar ratio Return relative to maximum drawdown	-0.46	—	—
Martin ratio Return relative to average drawdown	-0.74	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TMF	TSYW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.44	—	—
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	-0.80	+0.66

Correlation

The correlation between TMF and TSYW is 0.98, 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

TMF vs. TSYW - Dividend Comparison

TMF's dividend yield for the trailing twelve months is around 4.01%, less than TSYW's 4.88% 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%
TSYW Roundhill Treasury Bond WeeklyPay ETF	4.88%	1.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

TMF vs. TSYW - Drawdown Comparison

The maximum TMF drawdown since its inception was -92.61%, which is greater than TSYW's maximum drawdown of -6.69%. Use the drawdown chart below to compare losses from any high point for TMF and TSYW.

Drawdown Indicators

	TMF	TSYW	Difference
Max Drawdown Largest peak-to-trough decline	-92.61%	-6.69%	-85.92%
Max Drawdown (1Y) Largest decline over 1 year	-27.13%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-88.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-92.61%	—	—
Current Drawdown Current decline from peak	-91.95%	-5.24%	-86.71%
Average Drawdown Average peak-to-trough decline	-43.13%	-2.94%	-40.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.93%	—	—

Volatility

Volatility by Period

	TMF	TSYW	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	33.89%	11.16%	+22.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.85%	11.16%	+35.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.00%	11.16%	+32.84%