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:
0.91
T:
2.33
TMV:
1.50
T:
3.25
TMV:
1.17
T:
1.41
TMV:
0.39
T:
1.69
TMV:
2.28
T:
14.07
TMV:
16.76%
T:
3.36%
TMV:
42.16%
T:
20.28%
TMV:
-99.06%
T:
-64.66%
TMV:
-96.48%
T:
-4.73%
Returns By Period
In the year-to-date period, TMV achieves a 34.83% return, which is significantly lower than T's 43.96% return. Over the past 10 years, TMV has underperformed T with an annualized return of -6.42%, while T has yielded a comparatively higher 4.94% annualized return.
TMV
34.83%
4.85%
16.26%
33.44%
7.55%
-6.42%
T
43.96%
-1.00%
27.10%
45.96%
1.37%
4.94%
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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 3.14%, less than T's 4.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMV Direxion Daily 20-Year Treasury Bear 3X | 3.14% | 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. | 4.88% | 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 13.07% compared to AT&T Inc. (T) at 7.25%. 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.