^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:
0.27
TMF:
-0.38
^IDCOT10TR:
0.44
TMF:
-0.29
^IDCOT10TR:
1.05
TMF:
0.97
^IDCOT10TR:
0.08
TMF:
-0.17
^IDCOT10TR:
0.57
TMF:
-0.74
^IDCOT10TR:
5.26%
TMF:
20.99%
^IDCOT10TR:
11.21%
TMF:
40.81%
^IDCOT10TR:
-41.24%
TMF:
-92.11%
^IDCOT10TR:
-31.96%
TMF:
-90.91%
Returns By Period
In the year-to-date period, ^IDCOT10TR achieves a 2.44% return, which is significantly lower than TMF's 6.60% return. Over the past 10 years, ^IDCOT10TR has outperformed TMF with an annualized return of -0.41%, while TMF has yielded a comparatively lower -14.58% annualized return.
^IDCOT10TR
2.44%
2.72%
-4.53%
3.34%
-5.04%
-0.41%
TMF
6.60%
6.93%
-26.29%
-14.90%
-32.55%
-14.58%
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Risk-Adjusted Performance
^IDCOT10TR vs. TMF — Risk-Adjusted Performance Rank
^IDCOT10TR
TMF
^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 -92.11%. 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 3.16%, while Direxion Daily 20-Year Treasury Bull 3X (TMF) has a volatility of 11.85%. 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.