TSYW vs. TMF

Last updated Apr 1, 2026

Compare and contrast key facts about Roundhill Treasury Bond WeeklyPay ETF (TSYW) and Direxion Daily 20-Year Treasury Bull 3X (TMF).

TSYW and TMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSYW is an actively managed fund by Roundhill. It was launched on Nov 12, 2025. TMF 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.

Performance

TSYW vs. TMF - Performance Comparison

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

TSYW vs. TMF - Yearly Performance Comparison

	2026 (YTD)	2025
TSYW Roundhill Treasury Bond WeeklyPay ETF	-0.81%	-2.56%
TMF Direxion Daily 20-Year Treasury Bull 3X	-2.78%	-6.59%

Returns By Period

In the year-to-date period, TSYW achieves a -0.81% return, which is significantly higher than TMF's -2.78% return.

TSYW

• 1D: 0.04%
• 1M: -5.24%
• YTD: -0.81%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TMF

• 1D: -0.19%
• 1M: -13.14%
• YTD: -2.78%
• 6M: -8.60%
• 1Y: -14.86%
• 3Y*: -23.40%
• 5Y*: -29.30%
• 10Y*: -15.78%

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

TSYW vs. TMF - Expense Ratio Comparison

TSYW has a 0.99% expense ratio, which is lower than TMF's 1.09% expense ratio.

TMF

Direxion Daily 20-Year Treasury Bull 3X

TSYW

Roundhill Treasury Bond WeeklyPay ETF

Return for Risk

TSYW vs. TMF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TMF

TMF Risk / Return Rank: 5
TMF Sharpe Ratio Rank: 5
TMF Sortino Ratio Rank: 5
TMF Omega Ratio Rank: 5
TMF Calmar Ratio Rank: 5
TMF Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSYW vs. TMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Treasury Bond WeeklyPay ETF (TSYW) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TSYW	TMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.44	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.63	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.80	-0.13	-0.66

Correlation

The correlation between TSYW and TMF is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TSYW vs. TMF - Dividend Comparison

TSYW's dividend yield for the trailing twelve months is around 4.88%, more than TMF's 4.01% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
TSYW Roundhill Treasury Bond WeeklyPay ETF	4.88%	1.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TMF Direxion Daily 20-Year Treasury Bull 3X	4.01%	4.06%	4.29%	2.82%	1.62%	0.13%	2.23%	0.94%	1.49%	0.41%

Drawdowns

TSYW vs. TMF - Drawdown Comparison

The maximum TSYW drawdown since its inception was -6.69%, smaller than the maximum TMF drawdown of -92.61%. Use the drawdown chart below to compare losses from any high point for TSYW and TMF.

Drawdown Indicators

	TSYW	TMF	Difference
Max Drawdown Largest peak-to-trough decline	-6.69%	-92.61%	+85.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-27.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-88.37%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-92.61%	—
Current Drawdown Current decline from peak	-5.24%	-91.95%	+86.71%
Average Drawdown Average peak-to-trough decline	-2.94%	-43.13%	+40.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.93%	—

Volatility

Volatility by Period

	TSYW	TMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.16%	33.89%	-22.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.16%	46.85%	-35.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.16%	44.00%	-32.84%