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TMV vs. TMF
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TMV and TMF is -1.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0-1.0

Performance

TMV vs. TMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily 20-Year Treasury Bear 3X (TMV) and Direxion Daily 20-Year Treasury Bull 3X (TMF). The values are adjusted to include any dividend payments, if applicable.

-20.00%-10.00%0.00%10.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
17.40%
-19.72%
TMV
TMF

Key characteristics

Sharpe Ratio

TMV:

0.91

TMF:

-0.84

Sortino Ratio

TMV:

1.50

TMF:

-1.09

Omega Ratio

TMV:

1.17

TMF:

0.88

Calmar Ratio

TMV:

0.39

TMF:

-0.38

Martin Ratio

TMV:

2.28

TMF:

-1.51

Ulcer Index

TMV:

16.76%

TMF:

23.22%

Daily Std Dev

TMV:

42.16%

TMF:

42.09%

Max Drawdown

TMV:

-99.06%

TMF:

-92.18%

Current Drawdown

TMV:

-96.48%

TMF:

-91.30%

Returns By Period

In the year-to-date period, TMV achieves a 34.83% return, which is significantly higher than TMF's -33.50% return. Over the past 10 years, TMV has outperformed TMF with an annualized return of -6.42%, while TMF has yielded a comparatively lower -13.89% annualized return.


TMV

YTD

34.83%

1M

4.85%

6M

16.26%

1Y

33.44%

5Y*

7.55%

10Y*

-6.42%

TMF

YTD

-33.50%

1M

-5.81%

6M

-18.91%

1Y

-32.79%

5Y*

-29.92%

10Y*

-13.89%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


TMV vs. TMF - Expense Ratio Comparison

TMV has a 1.04% expense ratio, which is lower than TMF's 1.09% expense ratio.


TMF
Direxion Daily 20-Year Treasury Bull 3X
Expense ratio chart for TMF: current value at 1.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.09%
Expense ratio chart for TMV: current value at 1.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.04%

Risk-Adjusted Performance

TMV vs. TMF - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 20-Year Treasury Bear 3X (TMV) and Direxion Daily 20-Year Treasury Bull 3X (TMF). 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.


Sharpe ratio
The chart of Sharpe ratio for TMV, currently valued at 0.91, compared to the broader market0.002.004.000.91-0.84
The chart of Sortino ratio for TMV, currently valued at 1.50, compared to the broader market-2.000.002.004.006.008.0010.001.50-1.09
The chart of Omega ratio for TMV, currently valued at 1.17, compared to the broader market0.501.001.502.002.503.001.170.88
The chart of Calmar ratio for TMV, currently valued at 0.39, compared to the broader market0.005.0010.0015.000.39-0.38
The chart of Martin ratio for TMV, currently valued at 2.28, compared to the broader market0.0020.0040.0060.0080.00100.002.28-1.51
TMV
TMF

The current TMV Sharpe Ratio is 0.91, which is higher than the TMF Sharpe Ratio of -0.84. The chart below compares the historical Sharpe Ratios of TMV and TMF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00JulyAugustSeptemberOctoberNovemberDecember
0.91
-0.84
TMV
TMF

Dividends

TMV vs. TMF - Dividend Comparison

TMV's dividend yield for the trailing twelve months is around 3.14%, more than TMF's 2.83% yield.


TTM20232022202120202019201820172016201520142013
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%
TMF
Direxion Daily 20-Year Treasury Bull 3X
2.83%2.82%1.62%0.13%2.23%0.94%1.49%0.41%0.00%0.00%0.00%0.57%

Drawdowns

TMV vs. TMF - Drawdown Comparison

The maximum TMV drawdown since its inception was -99.06%, which is greater than TMF's maximum drawdown of -92.18%. Use the drawdown chart below to compare losses from any high point for TMV and TMF. For additional features, visit the drawdowns tool.


-98.00%-96.00%-94.00%-92.00%-90.00%-88.00%-86.00%JulyAugustSeptemberOctoberNovemberDecember
-96.48%
-91.30%
TMV
TMF

Volatility

TMV vs. TMF - Volatility Comparison

Direxion Daily 20-Year Treasury Bear 3X (TMV) and Direxion Daily 20-Year Treasury Bull 3X (TMF) have volatilities of 13.07% and 12.86%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


8.00%10.00%12.00%14.00%16.00%JulyAugustSeptemberOctoberNovemberDecember
13.07%
12.86%
TMV
TMF
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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