^IDCOT10TR vs. TMF
Compare and contrast key facts about ICE U.S. Treasury 10-20 Year TR Index (^IDCOT10TR) 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: ^IDCOT10TR or TMF.
Correlation
The correlation between ^IDCOT10TR and TMF is 0.87, 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.
Performance
^IDCOT10TR vs. TMF - Performance Comparison
Key characteristics
^IDCOT10TR:
-0.30
TMF:
-0.81
^IDCOT10TR:
-0.33
TMF:
-1.03
^IDCOT10TR:
0.96
TMF:
0.89
^IDCOT10TR:
-0.10
TMF:
-0.37
^IDCOT10TR:
-0.69
TMF:
-1.45
^IDCOT10TR:
5.03%
TMF:
23.47%
^IDCOT10TR:
11.63%
TMF:
42.13%
^IDCOT10TR:
-41.24%
TMF:
-92.04%
^IDCOT10TR:
-33.71%
TMF:
-91.30%
Returns By Period
In the year-to-date period, ^IDCOT10TR achieves a -3.91% return, which is significantly higher than TMF's -34.65% return. Over the past 10 years, ^IDCOT10TR has outperformed TMF with an annualized return of -0.45%, while TMF has yielded a comparatively lower -13.96% annualized return.
^IDCOT10TR
-3.91%
-1.64%
-2.69%
-3.46%
-4.42%
-0.45%
TMF
-34.65%
-7.64%
-21.60%
-33.95%
-30.13%
-13.96%
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Risk-Adjusted Performance
^IDCOT10TR vs. TMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ICE U.S. Treasury 10-20 Year TR Index (^IDCOT10TR) 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.
Drawdowns
^IDCOT10TR vs. TMF - Drawdown Comparison
The maximum ^IDCOT10TR drawdown since its inception was -41.24%, smaller than the maximum TMF drawdown of -92.04%. Use the drawdown chart below to compare losses from any high point for ^IDCOT10TR and TMF. For additional features, visit the drawdowns tool.
Volatility
^IDCOT10TR vs. TMF - Volatility Comparison
The current volatility for ICE U.S. Treasury 10-20 Year TR Index (^IDCOT10TR) is 3.75%, while Direxion Daily 20-Year Treasury Bull 3X (TMF) has a volatility of 13.19%. This indicates that ^IDCOT10TR 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.