^TNX vs. TMF
Compare and contrast key facts about Treasury Yield 10 Years (^TNX) 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: ^TNX or TMF.
Correlation
The correlation between ^TNX and TMF is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
^TNX vs. TMF - Performance Comparison
Loading data...
Key characteristics
^TNX:
0.09
TMF:
-0.55
^TNX:
0.19
TMF:
-0.37
^TNX:
1.02
TMF:
0.96
^TNX:
0.01
TMF:
-0.20
^TNX:
0.05
TMF:
-0.76
^TNX:
10.61%
TMF:
24.97%
^TNX:
22.06%
TMF:
42.86%
^TNX:
-93.78%
TMF:
-92.22%
^TNX:
-43.56%
TMF:
-92.03%
Returns By Period
In the year-to-date period, ^TNX achieves a -0.98% return, which is significantly higher than TMF's -6.58% return. Over the past 10 years, ^TNX has outperformed TMF with an annualized return of 7.38%, while TMF has yielded a comparatively lower -13.59% annualized return.
^TNX
-0.98%
4.74%
2.49%
3.95%
48.12%
7.38%
TMF
-6.58%
-6.08%
-15.61%
-23.40%
-37.60%
-13.59%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
^TNX vs. TMF — Risk-Adjusted Performance Rank
^TNX
TMF
^TNX vs. TMF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 10 Years (^TNX) 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.
Loading data...
Drawdowns
^TNX vs. TMF - Drawdown Comparison
The maximum ^TNX drawdown since its inception was -93.78%, roughly equal to the maximum TMF drawdown of -92.22%. Use the drawdown chart below to compare losses from any high point for ^TNX and TMF. For additional features, visit the drawdowns tool.
Loading data...
Volatility
^TNX vs. TMF - Volatility Comparison
The current volatility for Treasury Yield 10 Years (^TNX) is 5.62%, while Direxion Daily 20-Year Treasury Bull 3X (TMF) has a volatility of 11.36%. This indicates that ^TNX 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.
Loading data...