TMF vs. UBOT
TMF (Direxion Daily 20+ Year Treasury Bull 3X ETF) and UBOT (Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares) are both exchange-traded funds - TMF is a Leveraged Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (300%), while UBOT is a Robotics fund tracking the Indxx Global Robotics & Artificial Intelligence Thematic Index (300%). Both are passively managed. Over the past 5 years, TMF returned -34.00%/yr vs -10.84%/yr for UBOT. At a correlation of -0.05, they often move in opposite directions. TMF charges 1.01%/yr vs 1.29%/yr for UBOT.
Performance
TMF vs. UBOT - Performance Comparison
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Returns By Period
In the year-to-date period, TMF achieves a -11.93% return, which is significantly higher than UBOT's -14.56% return.
TMF
- 1D
- -1.01%
- 1M
- -10.16%
- 6M
- -9.78%
- YTD
- -11.93%
- 1Y
- -7.67%
- 3Y*
- -21.85%
- 5Y*
- -34.00%
- 10Y*
- -18.08%
- ALL TIME*
- -6.40%
UBOT
- 1D
- 3.58%
- 1M
- -18.55%
- 6M
- -18.05%
- YTD
- -14.56%
- 1Y
- -1.35%
- 3Y*
- -0.24%
- 5Y*
- -10.84%
- 10Y*
- —
- ALL TIME*
- -7.19%
TMF vs. UBOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | -11.93% | -2.94% | -35.95% | -13.01% | -72.60% | -19.80% | 39.02% | 34.75% | 4.54% |
UBOT Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares | -14.56% | 13.42% | 12.02% | 72.59% | -72.45% | 9.78% | 80.13% | 87.34% | -71.74% |
Correlation
The correlation between TMF and UBOT is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2018 | -0.05 |
The correlation between TMF and UBOT shifts across timeframes, from -0.05 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TMF vs. UBOT — Risk / Return Rank
TMF
UBOT
TMF vs. UBOT - 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 Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares (UBOT). 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 | UBOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.04 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | -0.04 | -0.25 |
| Martin ratioReturn relative to average drawdown | -0.58 | -0.10 | -0.48 |
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Drawdowns
TMF vs. UBOT - Drawdown Comparison
The maximum TMF drawdown since its inception was -92.89%, which is greater than UBOT's maximum drawdown of -86.24%. Use the drawdown chart below to compare losses from any high point for TMF and UBOT.
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Drawdown Indicators
| TMF | UBOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.89% | -86.24% | -6.65% |
Max Drawdown (1Y)Largest decline over 1 year | -26.51% | -35.90% | +9.39% |
Max Drawdown (3Y)Largest decline over 3 years | -53.47% | -51.64% | -1.83% |
Max Drawdown (5Y)Largest decline over 5 years | -88.81% | -82.90% | -5.91% |
Max Drawdown (10Y)Largest decline over 10 years | -92.89% | — | — |
Current DrawdownCurrent decline from peak | -92.71% | -58.63% | -34.08% |
Average DrawdownAverage peak-to-trough decline | -43.98% | -49.86% | +5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.32% | 13.95% | -0.63% |
Volatility
TMF vs. UBOT - Volatility Comparison
The current volatility for Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) is 7.32%, while Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares (UBOT) has a volatility of 19.42%. This indicates that TMF experiences smaller price fluctuations and is considered to be less risky than UBOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMF | UBOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 19.42% | -12.10% |
Volatility (6M)Calculated over the trailing 6-month period | 19.81% | 42.46% | -22.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.58% | 52.53% | -24.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.37% | 53.88% | -7.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.72% | 63.57% | -19.85% |
TMF vs. UBOT - Expense Ratio Comparison
TMF has a 1.01% expense ratio, which is lower than UBOT's 1.29% expense ratio.
Dividends
TMF vs. UBOT - Dividend Comparison
TMF's dividend yield for the trailing twelve months is around 4.48%, more than UBOT's 1.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | 4.48% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% |
UBOT Direxion Robotics, Artificial Intelligence & Automation Index Bull 3X Shares | 1.15% | 0.78% | 1.45% | 0.65% | 0.00% | 2.25% | 15.83% | 0.55% | 0.33% | 0.00% |
Frequently Asked Questions
TMF and UBOT have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UBOT has higher volatility (19.42%) compared to TMF (7.32%). In terms of maximum drawdown, TMF dropped -92.89% vs UBOT's -86.24%.
On 5-year performance, UBOT leads with -10.84% vs -34.00% for TMF. On fees, TMF is cheaper at 1.01% per year. On volatility, TMF has been the lower-risk option at 7.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UBOT has performed better with a -10.84% return vs -34.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TMF is cheaper with a 1.01% expense ratio, compared with 1.29% for UBOT.
TMF has the higher dividend yield at 4.48%, compared with 1.15% for UBOT.
TMF is categorized as Leveraged Bonds, while UBOT is Robotics. TMF tracks ICE U.S. Treasury 20+ Year Bond Index (300%), while UBOT tracks Indxx Global Robotics & Artificial Intelligence Thematic Index (300%). Their fees differ too: 1.01% for TMF and 1.29% for UBOT.
UBOT currently has the higher Sharpe Ratio (-0.03 vs -0.28), 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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