TMF vs. ^TNX
Compare and contrast key facts about Direxion Daily 20-Year Treasury Bull 3X (TMF) and Treasury Yield 10 Years (^TNX).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TMF or ^TNX.
Correlation
The correlation between TMF and ^TNX is 0.27, 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.
Performance
TMF vs. ^TNX - Performance Comparison
Key characteristics
TMF:
-0.16
^TNX:
-0.33
TMF:
0.06
^TNX:
-0.33
TMF:
1.01
^TNX:
0.96
TMF:
-0.08
^TNX:
-0.13
TMF:
-0.30
^TNX:
-0.63
TMF:
23.34%
^TNX:
11.37%
TMF:
42.72%
^TNX:
21.95%
TMF:
-92.11%
^TNX:
-93.78%
TMF:
-91.28%
^TNX:
-46.83%
Returns By Period
In the year-to-date period, TMF achieves a 2.29% return, which is significantly higher than ^TNX's -6.71% return. Over the past 10 years, TMF has underperformed ^TNX with an annualized return of -14.18%, while ^TNX has yielded a comparatively higher 7.66% annualized return.
TMF
2.29%
-5.12%
-13.08%
-4.36%
-37.16%
-14.18%
^TNX
-6.71%
0.26%
0.80%
-8.63%
47.78%
7.66%
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Risk-Adjusted Performance
TMF vs. ^TNX — Risk-Adjusted Performance Rank
TMF
^TNX
TMF vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 20-Year Treasury Bull 3X (TMF) and Treasury Yield 10 Years (^TNX). 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.
Drawdowns
TMF vs. ^TNX - Drawdown Comparison
The maximum TMF drawdown since its inception was -92.11%, roughly equal to the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for TMF and ^TNX. For additional features, visit the drawdowns tool.
Volatility
TMF vs. ^TNX - Volatility Comparison
Direxion Daily 20-Year Treasury Bull 3X (TMF) has a higher volatility of 18.20% compared to Treasury Yield 10 Years (^TNX) at 9.50%. This indicates that TMF's price experiences larger fluctuations and is considered to be riskier than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.