TSYW vs. TMF
TSYW (Roundhill Treasury Bond WeeklyPay ETF) and TMF (Direxion Daily 20-Year Treasury Bull 3X) are both Leveraged Bonds funds. TSYW is actively managed, while TMF is passively managed. With a 0.98 correlation, they move nearly in lockstep. TSYW charges 0.99%/yr vs 1.09%/yr for TMF.
Performance
TSYW vs. TMF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSYW achieves a -2.14% return, which is significantly higher than TMF's -6.13% return.
TSYW
- 1D
- -0.50%
- 1M
- 0.63%
- YTD
- -2.14%
- 6M
- -4.49%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TMF
- 1D
- -1.14%
- 1M
- 1.22%
- YTD
- -6.13%
- 6M
- -11.63%
- 1Y
- 0.90%
- 3Y*
- -20.78%
- 5Y*
- -30.52%
- 10Y*
- -16.56%
TSYW vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSYW Roundhill Treasury Bond WeeklyPay ETF | -2.14% | -2.56% |
TMF Direxion Daily 20-Year Treasury Bull 3X | -6.13% | -6.59% |
Correlation
The correlation between TSYW and TMF is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 14, 2025 | 0.98 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TSYW vs. TMF — Risk / Return Rank
TSYW
TMF
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.
Loading charts...
Sharpe Ratios by Period
| TSYW | TMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.03 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.78 | -0.14 | -0.65 |
Drawdowns
TSYW vs. TMF - Drawdown Comparison
The maximum TSYW drawdown since its inception was -9.79%, smaller than the maximum TMF drawdown of -92.89%. Use the drawdown chart below to compare losses from any high point for TSYW and TMF.
Loading charts...
Drawdown Indicators
| TSYW | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.79% | -92.89% | +83.10% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.51% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -56.31% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -88.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.89% | — |
Current DrawdownCurrent decline from peak | -6.51% | -92.23% | +85.72% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -43.63% | +39.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.49% | — |
Volatility
TSYW vs. TMF - Volatility Comparison
Loading charts...
Volatility by Period
| TSYW | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.09% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.01% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.78% | 28.76% | -17.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.78% | 46.75% | -35.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.78% | 43.92% | -33.14% |
TSYW vs. TMF - Expense Ratio Comparison
TSYW has a 0.99% expense ratio, which is lower than TMF's 1.09% expense ratio.
Dividends
TSYW vs. TMF - Dividend Comparison
TSYW's dividend yield for the trailing twelve months is around 7.44%, more than TMF's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
TMF Direxion Daily 20-Year Treasury Bull 3X | 4.15% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% |
TSYW Roundhill Treasury Bond WeeklyPay ETF | 7.44% | 1.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, TSYW and TMF move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, TSYW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSYW is cheaper with a 0.99% expense ratio, compared with 1.09% for TMF.
TSYW has the higher dividend yield at 7.44%, compared with 4.15% for TMF.
They also come from different issuers: Roundhill and Direxion. Their fees differ too: 0.99% for TSYW and 1.09% for TMF.
Find the right allocation for TSYW and TMF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer