TTXD vs. TMF
TTXD (Direxion Daily Technology Top 5 Bear 2X ETF) and TMF (Direxion Daily 20+ Year Treasury Bull 3X ETF) are both exchange-traded funds - TTXD is a Inverse Equities fund actively managed by Direxion, while TMF is a Leveraged Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (300%). TTXD is actively managed, while TMF is passively managed. At a correlation of -0.14, they often move in opposite directions.
Performance
TTXD vs. TMF - Performance Comparison
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Returns By Period
In the year-to-date period, TTXD achieves a -43.47% return, which is significantly lower than TMF's -11.04% return.
TTXD
- 1D
- -0.87%
- 1M
- 10.36%
- 6M
- -46.72%
- YTD
- -43.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TMF
- 1D
- -2.07%
- 1M
- -9.25%
- 6M
- -12.35%
- YTD
- -11.04%
- 1Y
- -4.28%
- 3Y*
- -21.59%
- 5Y*
- -33.52%
- 10Y*
- -17.99%
- ALL TIME*
- -6.34%
TTXD vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TTXD Direxion Daily Technology Top 5 Bear 2X ETF | -43.47% | 10.81% |
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | -11.04% | -5.99% |
Correlation
The correlation between TTXD and TMF is -0.14, 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 Oct 1, 2025 | -0.14 |
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Return for Risk
TTXD vs. TMF — Risk / Return Rank
TTXD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TMF
TTXD vs. TMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Top 5 Bear 2X ETF (TTXD) 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.
| TTXD | TMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.00 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.16 | — |
| Martin ratioReturn relative to average drawdown | — | -0.32 | — |
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Drawdowns
TTXD vs. TMF - Drawdown Comparison
The maximum TTXD drawdown since its inception was -67.61%, smaller than the maximum TMF drawdown of -92.89%. Use the drawdown chart below to compare losses from any high point for TTXD and TMF.
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Drawdown Indicators
| TTXD | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.61% | -92.89% | +25.28% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.51% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.47% | — |
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 | -63.01% | -92.64% | +29.63% |
Average DrawdownAverage peak-to-trough decline | -22.68% | -43.97% | +21.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 13.22% | — |
Volatility
TTXD vs. TMF - Volatility Comparison
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Volatility by Period
| TTXD | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.87% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 62.38% | 27.62% | +34.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.38% | 46.39% | +15.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.38% | 43.72% | +18.66% |
Dividends
TTXD vs. TMF - Dividend Comparison
TTXD's dividend yield for the trailing twelve months is around 3.48%, less than TMF's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | 4.44% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% |
TTXD Direxion Daily Technology Top 5 Bear 2X ETF | 3.48% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TTXD and TMF have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMF has the higher dividend yield at 4.44%, compared with 3.48% for TTXD.
TTXD is categorized as Inverse Equities, while TMF is Leveraged Bonds.
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