TSYW vs. TMV
TSYW (Roundhill Treasury Bond WeeklyPay ETF) and TMV (Direxion Daily 20-Year Treasury Bear 3X) are both Leveraged Bonds funds. TSYW is actively managed, while TMV is passively managed. At a correlation of -0.98, they often move in opposite directions. TSYW charges 0.99%/yr vs 1.04%/yr for TMV.
Performance
TSYW vs. TMV - Performance Comparison
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Returns By Period
In the year-to-date period, TSYW achieves a -2.14% return, which is significantly lower than TMV's 4.73% return.
TSYW
- 1D
- -0.50%
- 1M
- 0.63%
- YTD
- -2.14%
- 6M
- -4.49%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TMV
- 1D
- 1.13%
- 1M
- -1.68%
- YTD
- 4.73%
- 6M
- 11.42%
- 1Y
- -4.33%
- 3Y*
- 12.83%
- 5Y*
- 19.12%
- 10Y*
- -0.80%
TSYW vs. TMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSYW Roundhill Treasury Bond WeeklyPay ETF | -2.14% | -2.56% |
TMV Direxion Daily 20-Year Treasury Bear 3X | 4.73% | 7.37% |
Correlation
The correlation between TSYW and TMV is -0.98, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 14, 2025 | -0.98 |
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Return for Risk
TSYW vs. TMV — Risk / Return Rank
TSYW
TMV
TSYW vs. TMV - 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 Bear 3X (TMV). 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.
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Sharpe Ratios by Period
| TSYW | TMV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.15 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.41 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.78 | -0.33 | -0.45 |
Drawdowns
TSYW vs. TMV - Drawdown Comparison
The maximum TSYW drawdown since its inception was -9.79%, smaller than the maximum TMV drawdown of -98.96%. Use the drawdown chart below to compare losses from any high point for TSYW and TMV.
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Drawdown Indicators
| TSYW | TMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.79% | -98.96% | +89.17% |
Max Drawdown (1Y)Largest decline over 1 year | — | -21.62% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -48.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.49% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -82.31% | — |
Current DrawdownCurrent decline from peak | -6.51% | -95.94% | +89.43% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -86.60% | +82.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.13% | — |
Volatility
TSYW vs. TMV - Volatility Comparison
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Volatility by Period
| TSYW | TMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.18% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.78% | 29.12% | -18.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.78% | 47.21% | -36.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.78% | 44.44% | -33.66% |
TSYW vs. TMV - Expense Ratio Comparison
TSYW has a 0.99% expense ratio, which is lower than TMV's 1.04% expense ratio.
Dividends
TSYW vs. TMV - Dividend Comparison
TSYW's dividend yield for the trailing twelve months is around 7.44%, more than TMV's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
TMV Direxion Daily 20-Year Treasury Bear 3X | 2.62% | 2.85% | 3.41% | 3.87% | 0.00% | 0.00% | 0.37% | 1.60% | 0.62% |
TSYW Roundhill Treasury Bond WeeklyPay ETF | 7.44% | 1.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSYW and TMV have a correlation of -0.98, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 1.04% for TMV.
TSYW has the higher dividend yield at 7.44%, compared with 2.62% for TMV.
They also come from different issuers: Roundhill and Direxion. Their fees differ too: 0.99% for TSYW and 1.04% for TMV.
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