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UBT vs. TMF
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between UBT and TMF is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.01.0

Performance

UBT vs. TMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra 20+ Year Treasury (UBT) and Direxion Daily 20-Year Treasury Bull 3X (TMF). The values are adjusted to include any dividend payments, if applicable.

-20.00%-10.00%0.00%10.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
-13.60%
-22.46%
UBT
TMF

Key characteristics

Sharpe Ratio

UBT:

-0.77

TMF:

-0.85

Sortino Ratio

UBT:

-0.97

TMF:

-1.11

Omega Ratio

UBT:

0.89

TMF:

0.88

Calmar Ratio

UBT:

-0.28

TMF:

-0.39

Martin Ratio

UBT:

-1.47

TMF:

-1.53

Ulcer Index

UBT:

14.67%

TMF:

23.35%

Daily Std Dev

UBT:

27.96%

TMF:

42.20%

Max Drawdown

UBT:

-78.90%

TMF:

-92.04%

Current Drawdown

UBT:

-76.41%

TMF:

-91.39%

Returns By Period

In the year-to-date period, UBT achieves a -21.53% return, which is significantly higher than TMF's -35.37% return. Over the past 10 years, UBT has outperformed TMF with an annualized return of -6.70%, while TMF has yielded a comparatively lower -14.06% annualized return.


UBT

YTD

-21.53%

1M

-5.78%

6M

-13.09%

1Y

-21.04%

5Y*

-17.57%

10Y*

-6.70%

TMF

YTD

-35.37%

1M

-8.66%

6M

-21.98%

1Y

-34.68%

5Y*

-30.18%

10Y*

-14.06%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


UBT vs. TMF - Expense Ratio Comparison

UBT has a 0.95% expense ratio, which is lower than TMF's 1.09% expense ratio.


TMF
Direxion Daily 20-Year Treasury Bull 3X
Expense ratio chart for TMF: current value at 1.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.09%
Expense ratio chart for UBT: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

UBT vs. TMF - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra 20+ Year Treasury (UBT) 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.


Sharpe ratio
The chart of Sharpe ratio for UBT, currently valued at -0.77, compared to the broader market0.002.004.00-0.77-0.85
The chart of Sortino ratio for UBT, currently valued at -0.97, compared to the broader market-2.000.002.004.006.008.0010.00-0.97-1.11
The chart of Omega ratio for UBT, currently valued at 0.89, compared to the broader market0.501.001.502.002.503.000.890.88
The chart of Calmar ratio for UBT, currently valued at -0.28, compared to the broader market0.005.0010.0015.00-0.28-0.39
The chart of Martin ratio for UBT, currently valued at -1.47, compared to the broader market0.0020.0040.0060.0080.00100.00-1.47-1.53
UBT
TMF

The current UBT Sharpe Ratio is -0.77, which is comparable to the TMF Sharpe Ratio of -0.85. The chart below compares the historical Sharpe Ratios of UBT and TMF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00JulyAugustSeptemberOctoberNovemberDecember
-0.77
-0.85
UBT
TMF

Dividends

UBT vs. TMF - Dividend Comparison

UBT's dividend yield for the trailing twelve months is around 4.48%, more than TMF's 4.25% yield.


TTM20232022202120202019201820172016201520142013
UBT
ProShares Ultra 20+ Year Treasury
4.48%3.53%0.30%0.00%0.26%1.50%1.55%1.37%1.04%1.56%0.79%0.18%
TMF
Direxion Daily 20-Year Treasury Bull 3X
4.25%2.82%1.62%0.13%2.23%0.94%1.49%0.41%0.00%0.00%0.00%0.57%

Drawdowns

UBT vs. TMF - Drawdown Comparison

The maximum UBT drawdown since its inception was -78.90%, smaller than the maximum TMF drawdown of -92.04%. Use the drawdown chart below to compare losses from any high point for UBT and TMF. For additional features, visit the drawdowns tool.


-90.00%-85.00%-80.00%-75.00%-70.00%JulyAugustSeptemberOctoberNovemberDecember
-76.41%
-91.39%
UBT
TMF

Volatility

UBT vs. TMF - Volatility Comparison

The current volatility for ProShares Ultra 20+ Year Treasury (UBT) is 8.84%, while Direxion Daily 20-Year Treasury Bull 3X (TMF) has a volatility of 13.11%. This indicates that UBT 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.


6.00%8.00%10.00%12.00%14.00%16.00%JulyAugustSeptemberOctoberNovemberDecember
8.84%
13.11%
UBT
TMF
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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