TMV vs. T
Compare and contrast key facts about Direxion Daily 20-Year Treasury Bear 3X (TMV) and AT&T Inc. (T).
TMV 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: TMV or T.
Correlation
The correlation between TMV and T is 0.13, 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
TMV vs. T - Performance Comparison
Key characteristics
TMV:
0.18
T:
3.34
TMV:
0.56
T:
4.69
TMV:
1.06
T:
1.58
TMV:
0.08
T:
2.43
TMV:
0.44
T:
25.92
TMV:
17.02%
T:
2.57%
TMV:
40.83%
T:
19.96%
TMV:
-99.06%
T:
-64.65%
TMV:
-96.61%
T:
0.00%
Returns By Period
In the year-to-date period, TMV achieves a -7.12% return, which is significantly lower than T's 18.42% return. Over the past 10 years, TMV has underperformed T with an annualized return of -5.04%, while T has yielded a comparatively higher 6.51% annualized return.
TMV
-7.12%
-9.34%
29.61%
11.08%
13.40%
-5.04%
T
18.42%
18.15%
38.42%
67.70%
5.17%
6.51%
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Risk-Adjusted Performance
TMV vs. T — Risk-Adjusted Performance Rank
TMV
T
TMV vs. T - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 20-Year Treasury Bear 3X (TMV) and AT&T Inc. (T). 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
TMV vs. T - Dividend Comparison
TMV's dividend yield for the trailing twelve months is around 3.68%, less than T's 4.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMV Direxion Daily 20-Year Treasury Bear 3X | 3.68% | 3.42% | 3.87% | 0.00% | 0.00% | 0.52% | 2.24% | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% |
T AT&T Inc. | 4.17% | 4.87% | 6.62% | 6.66% | 8.45% | 7.23% | 5.22% | 7.01% | 5.04% | 4.51% | 5.46% | 5.48% |
Drawdowns
TMV vs. T - Drawdown Comparison
The maximum TMV drawdown since its inception was -99.06%, which is greater than T's maximum drawdown of -64.65%. Use the drawdown chart below to compare losses from any high point for TMV and T. For additional features, visit the drawdowns tool.
Volatility
TMV vs. T - Volatility Comparison
Direxion Daily 20-Year Treasury Bear 3X (TMV) has a higher volatility of 11.86% compared to AT&T Inc. (T) at 6.73%. This indicates that TMV's price experiences larger fluctuations and is considered to be riskier than T based on this measure. The chart below showcases a comparison of their rolling one-month volatility.