TTT vs. TMF
Compare and contrast key facts about UltraPro Short 20+ Year Treasury (TTT) and Direxion Daily 20-Year Treasury Bull 3X (TMF).
TTT and TMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TTT is a passively managed fund by ProShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Index (-300%). It was launched on Mar 27, 2012. 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. Both TTT and TMF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TTT or TMF.
Key characteristics
| TTT | TMF | |
|---|---|---|
| YTD Return | 26.33% | -30.21% |
| 1Y Return | -4.42% | -7.52% |
| 3Y Return (Ann) | 40.76% | -44.93% |
| 5Y Return (Ann) | 7.09% | -29.68% |
| 10Y Return (Ann) | -7.62% | -12.43% |
| Sharpe Ratio | -0.25 | -0.02 |
| Sortino Ratio | -0.07 | 0.28 |
| Omega Ratio | 0.99 | 1.03 |
| Calmar Ratio | -0.13 | -0.01 |
| Martin Ratio | -0.56 | -0.05 |
| Ulcer Index | 20.01% | 21.14% |
| Daily Std Dev | 44.44% | 44.41% |
| Max Drawdown | -94.00% | -92.18% |
| Current Drawdown | -78.47% | -90.87% |
Correlation
The correlation between TTT and TMF is -0.99. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TTT vs. TMF - Performance Comparison
In the year-to-date period, TTT achieves a 26.33% return, which is significantly higher than TMF's -30.21% return. Over the past 10 years, TTT has outperformed TMF with an annualized return of -7.62%, while TMF has yielded a comparatively lower -12.43% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TTT vs. TMF - Expense Ratio Comparison
TTT has a 0.95% expense ratio, which is lower than TMF's 1.09% expense ratio.
Risk-Adjusted Performance
TTT vs. TMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for UltraPro Short 20+ Year Treasury (TTT) 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.
Dividends
TTT vs. TMF - Dividend Comparison
TTT's dividend yield for the trailing twelve months is around 11.85%, more than TMF's 3.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TTT UltraPro Short 20+ Year Treasury | 11.85% | 15.40% | 0.34% | 0.00% | 0.29% | 1.88% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TMF Direxion Daily 20-Year Treasury Bull 3X | 3.83% | 2.82% | 1.62% | 0.13% | 0.48% | 0.94% | 1.49% | 0.41% | 0.00% | 0.00% | 0.00% | 0.57% |
Drawdowns
TTT vs. TMF - Drawdown Comparison
The maximum TTT drawdown since its inception was -94.00%, roughly equal to the maximum TMF drawdown of -92.18%. Use the drawdown chart below to compare losses from any high point for TTT and TMF. For additional features, visit the drawdowns tool.
Volatility
TTT vs. TMF - Volatility Comparison
UltraPro Short 20+ Year Treasury (TTT) and Direxion Daily 20-Year Treasury Bull 3X (TMF) have volatilities of 14.62% and 14.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.