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.
Key characteristics
TMV | T | |
---|---|---|
YTD Return | 37.69% | 4.15% |
1Y Return | 56.18% | 6.19% |
3Y Return (Ann) | 31.07% | -3.90% |
5Y Return (Ann) | 0.43% | 1.52% |
10Y Return (Ann) | -10.07% | 2.89% |
Sharpe Ratio | 0.90 | 0.15 |
Daily Std Dev | 49.92% | 24.44% |
Max Drawdown | -99.06% | -63.88% |
Current Drawdown | -96.40% | -19.81% |
Correlation
The correlation between TMV and T is 0.14, 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
In the year-to-date period, TMV achieves a 37.69% return, which is significantly higher than T's 4.15% return. Over the past 10 years, TMV has underperformed T with an annualized return of -10.07%, while T has yielded a comparatively higher 2.89% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 3.33%, less than T's 6.56% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Direxion Daily 20-Year Treasury Bear 3X | 3.33% | 3.87% | 0.00% | 0.00% | 0.52% | 2.25% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AT&T Inc. | 6.56% | 6.62% | 7.35% | 11.19% | 9.58% | 6.91% | 9.28% | 6.67% | 5.98% | 7.23% | 7.25% | 6.78% |
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 -63.88%. 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 11.82% compared to AT&T Inc. (T) at 4.95%. 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.