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.
Performance
TMV vs. T - Performance Comparison
Returns By Period
In the year-to-date period, TMV achieves a 28.60% return, which is significantly lower than T's 45.41% return. Over the past 10 years, TMV has underperformed T with an annualized return of -7.99%, while T has yielded a comparatively higher 4.81% annualized return.
TMV
28.60%
6.38%
0.44%
-2.43%
7.83%
-7.99%
T
45.41%
6.88%
35.22%
50.90%
2.28%
4.81%
Key characteristics
| TMV | T | |
|---|---|---|
| Sharpe Ratio | -0.08 | 2.57 |
| Sortino Ratio | 0.20 | 3.57 |
| Omega Ratio | 1.02 | 1.44 |
| Calmar Ratio | -0.03 | 1.73 |
| Martin Ratio | -0.18 | 14.91 |
| Ulcer Index | 19.13% | 3.40% |
| Daily Std Dev | 43.58% | 19.77% |
| Max Drawdown | -99.06% | -64.66% |
| Current Drawdown | -96.64% | -0.04% |
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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.
Risk-Adjusted Performance
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 4.02%, less than T's 4.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMV Direxion Daily 20-Year Treasury Bear 3X | 4.02% | 3.87% | 0.00% | 0.00% | 0.52% | 2.24% | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
T AT&T Inc. | 4.83% | 6.62% | 6.66% | 8.45% | 7.23% | 5.22% | 7.01% | 5.04% | 4.51% | 5.46% | 5.48% | 5.12% |
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 -64.66%. 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 13.38% compared to AT&T Inc. (T) at 5.62%. 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.