TVC vs. TMF
Compare and contrast key facts about Tennessee Valley Authority PARRS D 2028 (TVC) and Direxion Daily 20-Year Treasury Bull 3X (TMF).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TVC or TMF.
Correlation
The correlation between TVC and TMF is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TVC vs. TMF - Performance Comparison
Key characteristics
TVC:
0.80
TMF:
-0.38
TVC:
1.26
TMF:
-0.29
TVC:
1.16
TMF:
0.97
TVC:
0.35
TMF:
-0.17
TVC:
3.52
TMF:
-0.74
TVC:
1.64%
TMF:
20.99%
TVC:
7.25%
TMF:
40.81%
TVC:
-25.15%
TMF:
-92.11%
TVC:
-9.49%
TMF:
-90.91%
Returns By Period
In the year-to-date period, TVC achieves a 3.24% return, which is significantly lower than TMF's 6.60% return. Over the past 10 years, TVC has outperformed TMF with an annualized return of 2.45%, while TMF has yielded a comparatively lower -14.58% annualized return.
TVC
3.24%
1.57%
2.13%
5.98%
-0.64%
2.45%
TMF
6.60%
6.93%
-26.29%
-14.90%
-32.55%
-14.58%
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Risk-Adjusted Performance
TVC vs. TMF — Risk-Adjusted Performance Rank
TVC
TMF
TVC vs. TMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tennessee Valley Authority PARRS D 2028 (TVC) 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
TVC vs. TMF - Dividend Comparison
TVC's dividend yield for the trailing twelve months is around 2.29%, less than TMF's 4.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TVC Tennessee Valley Authority PARRS D 2028 | 2.29% | 2.36% | 2.31% | 2.40% | 2.03% | 2.79% | 3.32% | 3.59% | 3.54% | 3.59% | 3.69% | 4.00% |
TMF Direxion Daily 20-Year Treasury Bull 3X | 4.02% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% | 0.00% | 0.00% | 0.00% |
Drawdowns
TVC vs. TMF - Drawdown Comparison
The maximum TVC drawdown since its inception was -25.15%, smaller than the maximum TMF drawdown of -92.11%. Use the drawdown chart below to compare losses from any high point for TVC and TMF. For additional features, visit the drawdowns tool.
Volatility
TVC vs. TMF - Volatility Comparison
The current volatility for Tennessee Valley Authority PARRS D 2028 (TVC) is 2.00%, while Direxion Daily 20-Year Treasury Bull 3X (TMF) has a volatility of 11.85%. This indicates that TVC experiences smaller price fluctuations and is considered to be less risky than TMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.