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. With a 0.98 correlation, they move nearly in lockstep. 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 -3.83% return, which is significantly higher than TMF's -10.63% return.
TSYW
- 1D
- -0.61%
- 1M
- -2.14%
- 6M
- -4.15%
- YTD
- -3.83%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TMF
- 1D
- -1.85%
- 1M
- -5.74%
- 6M
- -11.74%
- YTD
- -10.63%
- 1Y
- -5.83%
- 3Y*
- -21.26%
- 5Y*
- -33.16%
- 10Y*
- -17.90%
TSYW vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSYW Roundhill Treasury Bond WeeklyPay ETF | -3.83% | -3.37% |
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | -10.63% | -8.93% |
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 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 | — | 0.99 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.22 | — |
| Martin ratioReturn relative to average drawdown | — | -0.46 | — |
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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.
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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 | — | -55.14% | — |
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 | -8.12% | -92.60% | +84.48% |
Average DrawdownAverage peak-to-trough decline | -4.32% | -43.91% | +39.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.82% | — |
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 | — | 8.51% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.94% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.89% | 27.62% | -16.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.89% | 46.54% | -35.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.89% | 43.72% | -32.83% |
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 9.12%, more than TMF's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | 4.42% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% |
TSYW Roundhill Treasury Bond WeeklyPay ETF | 9.12% | 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 9.12%, compared with 4.42% 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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