TSYW vs. TMF
TSYW (Roundhill Treasury Bond WeeklyPay ETF) and TMF (Direxion Daily 20+ Year Treasury Bull 3X ETF) are both Leveraged Bonds funds. TSYW is actively managed, while TMF is passively managed. Their 0.98 correlation means they have historically moved very closely together. TSYW charges 0.99%/yr vs 1.01%/yr for TMF.
Performance
TSYW vs. TMF - Performance Comparison
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Returns By Period
In the year-to-date period, TSYW achieves a -6.61% return, which is significantly higher than TMF's -16.67% return.
TSYW
- 1D
- -0.98%
- 1M
- -5.03%
- 6M
- -6.35%
- YTD
- -6.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TMF
- 1D
- -2.08%
- 1M
- -12.05%
- 6M
- -15.79%
- YTD
- -16.67%
- 1Y
- -18.44%
- 3Y*
- -20.63%
- 5Y*
- -34.74%
- 10Y*
- -18.47%
- ALL TIME*
- -6.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $161.82M | $130.43M | $127.82M | |
| $73.88K | $61.46K | $167.51K |
TSYW vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSYW Roundhill Treasury Bond WeeklyPay ETF | -6.61% | -3.37% |
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | -16.67% | -8.93% |
Correlation
The correlation between TSYW and TMF is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 13, 2025 | 0.98 |
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Return for Risk
TSYW vs. TMF — Risk / Return Rank
TSYW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 ETF (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.
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.
| TSYW | TMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.93 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.53 | — |
| Martin ratioReturn relative to average drawdown | — | -1.07 | — |
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Drawdowns
TSYW vs. TMF - Drawdown Comparison
The maximum TSYW drawdown since its inception was -10.78%, smaller than the maximum TMF drawdown of -93.10%. Use the drawdown chart below to compare losses from any high point for TSYW and TMF.
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Drawdown Indicators
| TSYW | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.78% | -93.10% | +82.32% |
Max Drawdown (1Y)Largest decline over 1 year | — | -28.69% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.64% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -89.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.10% | — |
Current DrawdownCurrent decline from peak | -10.78% | -93.10% | +82.32% |
Average DrawdownAverage peak-to-trough decline | -4.67% | -44.07% | +39.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 14.10% | — |
Volatility
TSYW vs. TMF - Volatility Comparison
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Volatility by Period
| TSYW | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.21% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.84% | 27.35% | -16.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.84% | 46.36% | -35.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.84% | 43.70% | -32.86% |
TSYW vs. TMF - Expense Ratio Comparison
TSYW has a 0.99% expense ratio, which is lower than TMF's 1.01% expense ratio.
Dividends
TSYW vs. TMF - Dividend Comparison
TSYW's dividend yield for the trailing twelve months is around 9.84%, more than TMF's 4.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | 4.74% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% |
TSYW Roundhill Treasury Bond WeeklyPay ETF | 9.84% | 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 1.01% for TMF.
TSYW has the higher dividend yield at 9.84%, compared with 4.74% for TMF.
They also come from different issuers: Roundhill and Direxion. Their fees differ too: 0.99% for TSYW and 1.01% for TMF.
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