^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
Key characteristics
^TNX:
-0.23
TMF:
-0.21
^TNX:
-0.18
TMF:
-0.00
^TNX:
0.98
TMF:
1.00
^TNX:
-0.09
TMF:
-0.10
^TNX:
-0.44
TMF:
-0.38
^TNX:
11.33%
TMF:
23.23%
^TNX:
21.89%
TMF:
42.73%
^TNX:
-93.78%
TMF:
-92.11%
^TNX:
-45.32%
TMF:
-91.44%
Returns By Period
In the year-to-date period, ^TNX achieves a -4.07% return, which is significantly lower than TMF's 0.38% return. Over the past 10 years, ^TNX has outperformed TMF with an annualized return of 8.62%, while TMF has yielded a comparatively lower -14.96% annualized return.
^TNX
-4.07%
1.86%
4.45%
-5.70%
49.31%
8.62%
TMF
0.38%
-6.01%
-16.25%
-6.75%
-37.69%
-14.96%
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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.
Drawdowns
^TNX vs. TMF - Drawdown Comparison
The maximum ^TNX drawdown since its inception was -93.78%, roughly equal to the maximum TMF drawdown of -92.11%. Use the drawdown chart below to compare losses from any high point for ^TNX and TMF. For additional features, visit the drawdowns tool.
Volatility
^TNX vs. TMF - Volatility Comparison
The current volatility for Treasury Yield 10 Years (^TNX) is 9.28%, while Direxion Daily 20-Year Treasury Bull 3X (TMF) has a volatility of 18.17%. 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.