TMF vs. TYD
Compare and contrast key facts about Direxion Daily 20-Year Treasury Bull 3X (TMF) and Direxion Daily 7-10 Year Treasury Bull 3X (TYD).
TMF and TYD 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. TYD is a passively managed fund by Direxion that tracks the performance of the NYSE 7-10 Year Treasury Bond Index. It was launched on Apr 16, 2009. Both TMF and TYD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TMF or TYD.
Correlation
The correlation between TMF and TYD is 0.83, 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.
Performance
TMF vs. TYD - Performance Comparison
Key characteristics
TMF:
-0.38
TYD:
0.28
TMF:
-0.27
TYD:
0.53
TMF:
0.97
TYD:
1.06
TMF:
-0.18
TYD:
0.09
TMF:
-0.71
TYD:
0.48
TMF:
22.86%
TYD:
11.25%
TMF:
42.59%
TYD:
19.72%
TMF:
-92.11%
TYD:
-64.28%
TMF:
-92.04%
TYD:
-59.24%
Returns By Period
In the year-to-date period, TMF achieves a -6.65% return, which is significantly lower than TYD's 4.72% return. Over the past 10 years, TMF has underperformed TYD with an annualized return of -15.59%, while TYD has yielded a comparatively higher -3.89% annualized return.
TMF
-6.65%
-15.35%
-21.15%
-15.68%
-38.31%
-15.59%
TYD
4.72%
-2.86%
-3.80%
6.12%
-16.01%
-3.89%
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TMF vs. TYD - Expense Ratio Comparison
Both TMF and TYD have an expense ratio of 1.09%.
Risk-Adjusted Performance
TMF vs. TYD — Risk-Adjusted Performance Rank
TMF
TYD
TMF vs. TYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 20-Year Treasury Bull 3X (TMF) and Direxion Daily 7-10 Year Treasury Bull 3X (TYD). 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.
Dividends
TMF vs. TYD - Dividend Comparison
TMF's dividend yield for the trailing twelve months is around 4.54%, more than TYD's 3.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TMF Direxion Daily 20-Year Treasury Bull 3X | 4.54% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% | 0.00% | 0.00% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.35% | 3.10% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.65% |
Drawdowns
TMF vs. TYD - Drawdown Comparison
The maximum TMF drawdown since its inception was -92.11%, which is greater than TYD's maximum drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for TMF and TYD. For additional features, visit the drawdowns tool.
Volatility
TMF vs. TYD - Volatility Comparison
Direxion Daily 20-Year Treasury Bull 3X (TMF) has a higher volatility of 17.61% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 7.75%. This indicates that TMF's price experiences larger fluctuations and is considered to be riskier than TYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.