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ETFs

Direxion Daily 20+ Year Treasury Bull 3X Shares (based on the NYSE 20 Year Plus Treasury Bond Index; symbol AXTWEN)

TMF
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 16 2009
Expense Ratio
0.90%
Type
US Bonds
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$139,474,922
AUM
$2,317,676,704
Associated Index
ICE U.S. Treasury 20+ Year Bond Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

TLT
BlackRock Institutional Trust Company N.A. - iShares 20+ Year Treasury Bond ETF
18.40%
n/a
DREYFUS GOVT CASH MAN INS
7.29%
n/a
GOLDMAN FINL SQ TRSRY INST 506
6.17%
n/a
DREYFUS TRSRY SECURITIES CASH MGMT
1.44%
Invest with TMF

What is TMF?

The Direxion Daily 20+ Year Treasury Bull & Bear 3x Shares seek daily investment results, before fees and expenses, of 300% or 300% of the inverse (or opposite) of the performance of the ICE U.S. Treasury 20+ Year Bond Index. There is no guarantee the funds will meet their stated investment objectives. These leveraged ETFs seek a return that is +300% or -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark s cumulative return for periods greater than a day. The ICE U.S. Treasury 20+ Year Bond Index is a market value weighted index that includes publicly issued U.S. Treasury securities that have a remaining maturity of greater than 20 years. Eligible securities must be fixed rate, denominated in U.S. dollars, and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. Securities excluded from the Index are zero-coupon STRIPS, inflation linked securities, floating rate notes, cash management and Treasury bills, and any government agency debt issued with or without a government guarantee. One cannot directly invest in an Index.

ETFs related toTMF

ETFs correlated to TMF include TLT, SPTL, VGLT

TMF
Direxion Shares ETF Trust - Direxion Daily 20+ Year Treasury Bull 3X Shares
TLT
BlackRock Institutional Trust Company N.A. - iShares 20+ Year Treasury Bond ETF
SPTL
SSgA Active Trust - SPDR Portfolio Long Term Treasury ETF
VGLT
Vanguard Group, Inc. - Vanguard Long-Term Treasury ETF
UBT
ProShares Trust - ProShares Ultra 20+ Year Treasury 2x Shares
EDV
Vanguard Group, Inc. - Vanguard Extended Duration Treasury ETF
SCHQ
Schwab Strategic Trust - Schwab US Long-Term U.S. Treasury ETF
ZROZ
Pimco Exchange Traded Fund - PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund
TLH
BlackRock Institutional Trust Company N.A. - iShares 10-20 Year Treasury Bond ETF
GOVI
Invesco Capital Management LLC - Invesco Equal Weight 0-30 Year Treasury ETF
BLV
Vanguard Group, Inc. - Vanguard Long-Term Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toTMF

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The Not Boring: Rising Rates with Vol Switch

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Risk Rating

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Create your own algorithmic trading strategy with TMF using Composer

FAQ

TMF is a US Bonds ETF. The Direxion Daily 20+ Year Treasury Bull & Bear 3x Shares seek daily investment results, before fees and expenses, of 300% or 300% of the inverse (or opposite) of the performance of the ICE U.S. Treasury 20+ Year Bond Index. There is no guarantee the funds will meet their stated investment objectives. These leveraged ETFs seek a return that is +300% or -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark s cumulative return for periods greater than a day. The ICE U.S. Treasury 20+ Year Bond Index is a market value weighted index that includes publicly issued U.S. Treasury securities that have a remaining maturity of greater than 20 years. Eligible securities must be fixed rate, denominated in U.S. dollars, and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. Securities excluded from the Index are zero-coupon STRIPS, inflation linked securities, floating rate notes, cash management and Treasury bills, and any government agency debt issued with or without a government guarantee. One cannot directly invest in an Index.

TMF tracks the ICE U.S. Treasury 20+ Year Bond Index.

No, TMF is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, TMF is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TMF is -0.178%. This is the percent change in the value of TMF over the most recent 1-month period. The 3-month return on TMF is -0.3752%. This is the percent change in the value of TMF over the most recent 3-month period.

The standard deviation of TMF for the past year is 0.5526%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TMF include BBLB, UJB, and UST.

ETFs correlated to TMF include TLT, SPTL, and VGLT.

ETFs that are inversely correlated to TMF include TMV, TBT, and TTT.

Yes, TMF is a Leveraged (3x) ETF: This means that TMF will try to match the performance of ICE U.S. Treasury 20+ Year Bond Index, but with 3x the returns.

Yes, TMF is a Leveraged (3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of ICE U.S. Treasury 20+ Year Bond Index, but move 3x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.