VUSTX vs. TMF
Compare and contrast key facts about Vanguard Long-Term Treasury Fund Investor Shares (VUSTX) and Direxion Daily 20-Year Treasury Bull 3X (TMF).
VUSTX is managed by Vanguard. It was launched on May 19, 1986. 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
VUSTX vs. TMF - Performance Comparison
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VUSTX vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VUSTX Vanguard Long-Term Treasury Fund Investor Shares | -0.56% | 5.55% | -6.41% | 3.33% | -29.58% | -4.93% | 18.20% | 14.14% | -1.89% | 8.60% |
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, VUSTX achieves a -0.56% return, which is significantly higher than TMF's -2.78% return. Over the past 10 years, VUSTX has outperformed TMF with an annualized return of -0.93%, while TMF has yielded a comparatively lower -15.78% annualized return.
VUSTX
- 1D
- 1.29%
- 1M
- -4.37%
- YTD
- -0.56%
- 6M
- -0.74%
- 1Y
- 0.22%
- 3Y*
- -1.62%
- 5Y*
- -4.71%
- 10Y*
- -0.93%
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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VUSTX vs. TMF - Expense Ratio Comparison
VUSTX has a 0.20% expense ratio, which is lower than TMF's 1.09% expense ratio.
Return for Risk
VUSTX vs. TMF — Risk / Return Rank
VUSTX
TMF
VUSTX vs. TMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Treasury Fund Investor Shares (VUSTX) 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.
| VUSTX | TMF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.13 | -0.44 | +0.57 |
Sortino ratioReturn per unit of downside risk | 0.24 | -0.41 | +0.65 |
Omega ratioGain probability vs. loss probability | 1.03 | 0.95 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.31 | -0.46 | +0.77 |
Martin ratioReturn relative to average drawdown | 0.69 | -0.74 | +1.42 |
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
| VUSTX | TMF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | -0.44 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | -0.63 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | -0.36 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | -0.13 | +0.57 |
Correlation
The correlation between VUSTX 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.
Dividends
VUSTX vs. TMF - Dividend Comparison
VUSTX's dividend yield for the trailing twelve months is around 4.02%, which matches TMF's 4.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VUSTX Vanguard Long-Term Treasury Fund Investor Shares | 4.02% | 4.29% | 4.03% | 3.33% | 2.93% | 4.21% | 10.38% | 2.82% | 2.82% | 2.64% | 5.27% | 5.52% |
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
VUSTX vs. TMF - Drawdown Comparison
The maximum VUSTX drawdown since its inception was -46.37%, smaller than the maximum TMF drawdown of -92.61%. Use the drawdown chart below to compare losses from any high point for VUSTX and TMF.
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Drawdown Indicators
| VUSTX | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.37% | -92.61% | +46.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.77% | -27.13% | +18.36% |
Max Drawdown (5Y)Largest decline over 5 years | -41.45% | -88.37% | +46.92% |
Max Drawdown (10Y)Largest decline over 10 years | -46.37% | -92.61% | +46.24% |
Current DrawdownCurrent decline from peak | -36.78% | -91.95% | +55.17% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -43.13% | +33.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 16.93% | -12.99% |
Volatility
VUSTX vs. TMF - Volatility Comparison
The current volatility for Vanguard Long-Term Treasury Fund Investor Shares (VUSTX) is 3.68%, while Direxion Daily 20-Year Treasury Bull 3X (TMF) has a volatility of 10.85%. This indicates that VUSTX 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
| VUSTX | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 10.85% | -7.17% |
Volatility (6M)Calculated over the trailing 6-month period | 6.10% | 19.51% | -13.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.51% | 33.89% | -23.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.64% | 46.85% | -32.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.78% | 44.00% | -30.22% |