TMV vs. VITL

Last updated Aug 4, 2026

TMV (Direxion Daily 20-Year Treasury Bear 3X) is Leveraged Bonds fund tracking the NYSE 20 Year Plus Treasury Bond Index (-300%), while VITL (Vital Farms, Inc.) is a stock. Over the past 5 years, TMV returned 28.21%/yr vs -5.00%/yr for VITL. Their 0.01 correlation means their historical movements had little consistent relationship.

Performance

TMV vs. VITL - Performance Comparison

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

Returns By Period

In the year-to-date period, TMV achieves a 16.38% return, which is significantly higher than VITL's -59.96% return.

TMV

• 1D: -0.98%
• 1M: 12.24%
• 6M: 14.16%
• YTD: 16.38%
• 1Y: 18.32%
• 3Y*: 10.87%
• 5Y*: 28.21%
• 10Y*: 1.70%
• ALL TIME*: -14.09%

VITL

• 1D: 0.47%
• 1M: 0.24%
• 6M: -53.39%
• YTD: -59.96%
• 1Y: -63.74%
• 3Y*: 1.04%
• 5Y*: -5.00%
• 10Y*: —
• ALL TIME*: -15.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TMV Direxion Daily 20-Year Treasury Bear 3X	$31.46M	$23.47M	$25.72M
VITL Vital Farms, Inc.	$18.52M	$19.10M	$29.33M

TMV vs. VITL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TMV Direxion Daily 20-Year Treasury Bear 3X	16.38%	-3.75%	39.76%	-9.69%	150.18%	0.83%	20.10%
VITL Vital Farms, Inc.	-59.96%	-15.26%	140.22%	5.16%	-17.39%	-28.64%	-27.69%

Correlation

The correlation between TMV and VITL is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.02
Correlation (3Y) Balances recent behavior with more history.	-0.02
Correlation (5Y) Shows whether the relationship held over a longer period.	0.01
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020	0.02

Return for Risk

TMV vs. VITL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TMV

TMV Risk / Return Rank: 28
TMV Sharpe Ratio Rank: 28
TMV Sortino Ratio Rank: 29
TMV Omega Ratio Rank: 27
TMV Calmar Ratio Rank: 29
TMV Martin Ratio Rank: 25

VITL

VITL Risk / Return Rank: 9
VITL Sharpe Ratio Rank: 4
VITL Sortino Ratio Rank: 4
VITL Omega Ratio Rank: 5
VITL Calmar Ratio Rank: 14
VITL Martin Ratio Rank: 17

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TMV vs. VITL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 20-Year Treasury Bear 3X (TMV) and Vital Farms, Inc. (VITL). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TMV	VITL	Difference
Sharpe ratio: Return per unit of total volatility	0.67	-1.01	+1.69
Sortino ratio: Return per unit of downside risk	1.11	-1.76	+2.87
Omega ratio: Gain probability vs. loss probability	1.13	0.80	+0.33
Calmar ratio: Return relative to maximum drawdown	0.95	-0.76	+1.71
Martin ratio: Return relative to average drawdown	1.97	-1.14	+3.12

TMV vs. VITL - Sharpe Ratio Comparison

The current TMV Sharpe Ratio is 0.67, which is higher than the VITL Sharpe Ratio of -1.01. The chart below compares the historical Sharpe Ratios of TMV and VITL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TMV vs. VITL - Drawdown Comparison

The maximum TMV drawdown since its inception was -98.96%, which is greater than VITL's maximum drawdown of -84.20%. Use the drawdown chart below to compare losses from any high point for TMV and VITL.

Drawdown Indicators

	TMV	VITL	Difference
Max Drawdown Largest peak-to-trough decline	-98.96%	-84.20%	-14.76%
Max Drawdown (1Y) Largest decline over 1 year	-19.32%	-84.20%	+64.88%
Max Drawdown (3Y) Largest decline over 3 years	-48.49%	-84.20%	+35.71%
Max Drawdown (5Y) Largest decline over 5 years	-48.49%	-84.20%	+35.71%
Max Drawdown (10Y) Largest decline over 10 years	-82.31%	—	—
Current Drawdown Current decline from peak	-95.48%	-75.60%	-19.88%
Average Drawdown Average peak-to-trough decline	-86.67%	-48.00%	-38.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.30%	55.74%	-46.44%

Volatility

TMV vs. VITL - Volatility Comparison

The current volatility for Direxion Daily 20-Year Treasury Bear 3X (TMV) is 7.23%, while Vital Farms, Inc. (VITL) has a volatility of 16.36%. This indicates that TMV experiences smaller price fluctuations and is considered to be less risky than VITL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TMV	VITL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.23%	16.36%	-9.13%
Volatility (6M) Calculated over the trailing 6-month period	20.10%	49.46%	-29.36%
Volatility (1Y) Calculated over the trailing 1-year period	27.33%	63.21%	-35.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.82%	54.70%	-7.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.23%	53.78%	-9.55%

Dividends

TMV vs. VITL - Dividend Comparison

TMV's dividend yield for the trailing twelve months is around 2.27%, while VITL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
TMV Direxion Daily 20-Year Treasury Bear 3X	2.27%	2.85%	3.41%	3.87%	0.00%	0.00%	0.37%	1.60%	0.62%
VITL Vital Farms, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TMV and VITL in my portfolio?

TMV and VITL have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TMV or VITL?

VITL has higher volatility (16.36%) compared to TMV (7.23%). In terms of maximum drawdown, TMV dropped -98.96% vs VITL's -84.20%.

Which has better risk-adjusted returns?

TMV currently has the higher Sharpe Ratio (0.67 vs -1.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.