VT vs. TMF
VT (Vanguard Total World Stock ETF) and TMF (Direxion Daily 20+ Year Treasury Bull 3X ETF) are both exchange-traded funds - VT is a Global Equities fund tracking the FTSE Global All Cap Index, while TMF is a Leveraged Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (300%). Both are passively managed. Over the past 10 years, VT returned 12.93%/yr vs -16.87%/yr for TMF. At a correlation of -0.23, they often move in opposite directions. VT charges 0.06%/yr vs 1.01%/yr for TMF.
Performance
VT vs. TMF - Performance Comparison
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Returns By Period
In the year-to-date period, VT achieves a 11.06% return, which is significantly higher than TMF's -5.18% return. Over the past 10 years, VT has outperformed TMF with an annualized return of 12.93%, while TMF has yielded a comparatively lower -16.87% annualized return.
VT
- 1D
- 0.44%
- 1M
- 1.80%
- YTD
- 11.06%
- 6M
- 11.82%
- 1Y
- 27.43%
- 3Y*
- 19.71%
- 5Y*
- 10.65%
- 10Y*
- 12.93%
TMF
- 1D
- -0.93%
- 1M
- 7.62%
- YTD
- -5.18%
- 6M
- -5.04%
- 1Y
- -1.79%
- 3Y*
- -19.82%
- 5Y*
- -31.10%
- 10Y*
- -16.87%
VT vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VT Vanguard Total World Stock ETF | 11.06% | 22.43% | 16.49% | 22.02% | -18.00% | 18.27% | 16.59% | 26.81% | -9.76% | 24.50% |
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | -5.18% | -2.94% | -35.95% | -13.01% | -72.60% | -19.80% | 39.02% | 34.75% | -11.01% | 22.72% |
Correlation
The correlation between VT and TMF is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2009 | -0.23 |
The correlation between VT and TMF shifts across timeframes, from -0.23 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VT vs. TMF — Risk / Return Rank
VT
TMF
VT vs. TMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total World Stock ETF (VT) 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.
| VT | TMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.11 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.99 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | -0.19 | +2.87 |
| Martin ratioReturn relative to average drawdown | 11.67 | -0.41 | +12.08 |
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Drawdowns
VT vs. TMF - Drawdown Comparison
The maximum VT drawdown since its inception was -50.27%, smaller than the maximum TMF drawdown of -92.89%. Use the drawdown chart below to compare losses from any high point for VT and TMF.
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Drawdown Indicators
| VT | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.27% | -92.89% | +42.62% |
Max Drawdown (1Y)Largest decline over 1 year | -9.67% | -26.51% | +16.84% |
Max Drawdown (3Y)Largest decline over 3 years | -16.51% | -56.31% | +39.80% |
Max Drawdown (5Y)Largest decline over 5 years | -26.38% | -88.81% | +62.43% |
Max Drawdown (10Y)Largest decline over 10 years | -34.24% | -92.89% | +58.65% |
Current DrawdownCurrent decline from peak | -1.92% | -92.15% | +90.23% |
Average DrawdownAverage peak-to-trough decline | -7.01% | -43.70% | +36.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 11.96% | -9.74% |
Volatility
VT vs. TMF - Volatility Comparison
The current volatility for Vanguard Total World Stock ETF (VT) is 5.26%, while Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) has a volatility of 8.43%. This indicates that VT 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
| VT | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 8.43% | -3.17% |
Volatility (6M)Calculated over the trailing 6-month period | 11.01% | 19.46% | -8.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.38% | 28.49% | -15.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.15% | 46.72% | -30.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.27% | 43.92% | -26.65% |
VT vs. TMF - Expense Ratio Comparison
VT has a 0.06% expense ratio, which is lower than TMF's 1.01% expense ratio.
Dividends
VT vs. TMF - Dividend Comparison
VT's dividend yield for the trailing twelve months is around 1.61%, less than TMF's 4.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | 4.11% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% | 0.00% | 0.00% |
VT Vanguard Total World Stock ETF | 1.61% | 1.82% | 1.95% | 2.08% | 2.20% | 1.82% | 1.66% | 2.32% | 2.53% | 2.11% | 2.39% | 2.45% |
Frequently Asked Questions
VT and TMF have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMF has higher volatility (8.43%) compared to VT (5.26%). In terms of maximum drawdown, VT dropped -50.27% vs TMF's -92.89%.
On 10-year performance, VT leads with 12.93% vs -16.87% for TMF. On fees, VT is cheaper at 0.06% per year. On volatility, VT has been the lower-risk option at 5.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VT has performed better with a 12.93% return vs -16.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VT is cheaper with a 0.06% expense ratio, compared with 1.01% for TMF.
TMF has the higher dividend yield at 4.11%, compared with 1.61% for VT.
VT is categorized as Global Equities, while TMF is Leveraged Bonds. VT tracks FTSE Global All Cap Index, while TMF tracks ICE U.S. Treasury 20+ Year Bond Index (300%). They also come from different issuers: Vanguard and Direxion. Their fees differ too: 0.06% for VT and 1.01% for TMF.
VT currently has the higher Sharpe Ratio (1.94 vs -0.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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