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.
Performance
TVC vs. TMF - Performance Comparison
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TVC vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TVC Tennessee Valley Authority PARRS D 2028 | 2.43% | 9.18% | 0.12% | 6.56% | -13.27% | 4.49% | -1.73% | 11.76% | 2.11% | 4.99% |
TMF Direxion Daily 20-Year Treasury Bull 3X | -2.78% | -2.94% | -35.95% | -13.01% | -72.60% | -19.80% | 39.02% | 34.75% | -11.01% | 22.72% |
Returns By Period
In the year-to-date period, TVC achieves a 2.43% return, which is significantly higher than TMF's -2.78% return. Over the past 10 years, TVC has outperformed TMF with an annualized return of 2.41%, while TMF has yielded a comparatively lower -15.78% annualized return.
TVC
- 1D
- 1.49%
- 1M
- 0.99%
- YTD
- 2.43%
- 6M
- 3.82%
- 1Y
- 5.39%
- 3Y*
- 6.73%
- 5Y*
- 0.78%
- 10Y*
- 2.41%
TMF
- 1D
- -0.19%
- 1M
- -13.14%
- YTD
- -2.78%
- 6M
- -8.60%
- 1Y
- -14.86%
- 3Y*
- -23.40%
- 5Y*
- -29.30%
- 10Y*
- -15.78%
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Return for Risk
TVC vs. TMF — Risk / Return Rank
TVC
TMF
TVC vs. TMF - Risk-Adjusted Trends 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.
| TVC | TMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | -0.44 | +1.38 |
Sortino ratioReturn per unit of downside risk | 1.40 | -0.41 | +1.81 |
Omega ratioGain probability vs. loss probability | 1.18 | 0.95 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 3.52 | -0.46 | +3.98 |
Martin ratioReturn relative to average drawdown | 8.59 | -0.74 | +9.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TVC | TMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | -0.44 | +1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | -0.63 | +0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | -0.36 | +0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | -0.13 | +0.66 |
Correlation
The correlation between TVC and TMF is 0.09, 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.
Dividends
TVC vs. TMF - Dividend Comparison
TVC's dividend yield for the trailing twelve months is around 2.18%, less than TMF's 4.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TVC Tennessee Valley Authority PARRS D 2028 | 2.18% | 2.22% | 2.37% | 2.32% | 2.41% | 2.04% | 2.79% | 3.32% | 3.59% | 3.54% | 3.58% | 3.69% |
TMF Direxion Daily 20-Year Treasury Bull 3X | 4.01% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% | 0.00% | 0.00% |
Drawdowns
TVC vs. TMF - Drawdown Comparison
The maximum TVC drawdown since its inception was -25.14%, smaller than the maximum TMF drawdown of -92.61%. Use the drawdown chart below to compare losses from any high point for TVC and TMF.
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Drawdown Indicators
| TVC | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.14% | -92.61% | +67.47% |
Max Drawdown (1Y)Largest decline over 1 year | -1.54% | -27.13% | +25.59% |
Max Drawdown (5Y)Largest decline over 5 years | -25.14% | -88.37% | +63.23% |
Max Drawdown (10Y)Largest decline over 10 years | -25.14% | -92.61% | +67.47% |
Current DrawdownCurrent decline from peak | -1.94% | -91.95% | +90.01% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -43.13% | +37.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 16.93% | -16.29% |
Volatility
TVC vs. TMF - Volatility Comparison
The current volatility for Tennessee Valley Authority PARRS D 2028 (TVC) is 1.77%, while Direxion Daily 20-Year Treasury Bull 3X (TMF) has a volatility of 10.85%. 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.
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Volatility by Period
| TVC | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 10.85% | -9.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.61% | 19.51% | -15.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.75% | 33.89% | -28.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.15% | 46.85% | -35.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.24% | 44.00% | -32.76% |