TBLL vs TMF

Comparison between INVESCO SHORT TERM TREASURY ETF (TBLL, ETF) and DIREXION DAILY 20+ YEAR TREASURY BULL 3X SHARES (TMF, ETF).

5-Year PerformanceTBLL has outperformed TMF, delivering a return of +3.3% compared to -30.0%

TBLL vs TMF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TBLL(ETF)	TMF(ETF)
Net Assets	$3B	$3B
Expense Ratio	0.08%	N/A
Max Drawdown	1.30%	93.33%
Sharpe Ratio	1.56	-0.21
5Y Beta	-0.00	0.19
5Y Dividends CAGR	59.75%	-26.36%

Net Assets

TBLL

$3B

TMF

$3B

Expense Ratio

TBLL

0.08%

TMF

N/A

Max Drawdown

Winner

TBLL

1.30%

TMF

93.33%

Sharpe Ratio

Winner

TBLL

1.56

TMF

-0.21

5Y Beta

Winner

TBLL

-0.00

TMF

0.19

5Y Dividends CAGR

Winner

TBLL

59.75%

TMF

-26.36%

TBLL vs TMF - Historical Returns

Returns include dividend reinvestment.

Period	TBLL	TMF
1 month	+0.31%	-2.95%
3 months	+0.84%	-4.91%
6 months	+1.78%	-11.01%
1 year	+3.97%	-3.60%
5 years(CAGR)	+3.30%	-30.02%
10 years(CAGR)	+2.37%	-15.93%
Max(CAGR)	+2.37%	-5.96%

Winner

TBLL

+0.31%

TMF

-2.95%

Winner

TBLL

+0.84%

TMF

-4.91%

Winner

TBLL

+1.78%

TMF

-11.01%

Winner

TBLL

+3.97%

TMF

-3.60%

5Y(CAGR)

Winner

TBLL

+3.30%

TMF

-30.02%

10Y(CAGR)

Winner

TBLL

+2.37%

TMF

-15.93%

Max(CAGR)

Winner

TBLL

+2.37%

TMF

-5.96%

TBLL vs TMF - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	TBLL	TMF
2026	+1.17%	-3.47%
2025	+4.21%	-3.69%
2024	+5.11%	-34.61%
2023	+4.98%	-17.42%
2022	+1.12%	-70.36%
2021	-0.02%	-19.51%
2020	+0.87%	+34.34%
2019	+2.16%	+32.62%
2018	+1.83%	-7.97%
2017	+0.62%	+21.53%
2016	N/A	-5.33%
2015	N/A	-16.30%
2014	N/A	+95.37%
2013	N/A	-36.52%
2012	N/A	+5.23%
2011	N/A	+112.97%
2010	N/A	+16.06%
2009	N/A	-39.24%

TBLL vs TMF Drawdown Comparison

The maximum drawdown for TBLL was -0.63%, occurring on Feb 14, 2022. Recovery took 631 trading sessions.

The maximum drawdown for TMF was -92.61%, occurring on May 21, 2025. This drawdown has not yet recovered.

The current TMF drawdown is -92.06%.

Rank	TBLL	TMF
#1	-0.63% May 11, 2020 - Nov 9, 2022	-92.61% Mar 9, 2020 - May 21, 2025
#2	-0.52% Mar 18, 2020 - May 11, 2020	-53.33% Jul 25, 2012 - Jan 5, 2015
#3	-0.36% Sep 28, 2023 - Oct 20, 2023	-51.11% Jul 8, 2016 - Aug 12, 2019
#4	-0.18% Dec 19, 2023 - Dec 21, 2023	-46.17% Aug 26, 2010 - Aug 10, 2011
#5	-0.17% Apr 1, 2019 - Apr 4, 2019	-44.57% Apr 20, 2009 - Aug 19, 2010
#6	-0.16% Sep 24, 2018 - Oct 22, 2018	-42.46% Jan 30, 2015 - Jun 27, 2016
#7	-0.15% Dec 19, 2019 - Jan 23, 2020	-30.94% Oct 3, 2011 - May 30, 2012
#8	-0.14% Mar 13, 2020 - Mar 18, 2020	-24.59% Aug 28, 2019 - Feb 24, 2020
#9	-0.11% Dec 4, 2018 - Dec 7, 2018	-14.95% Aug 10, 2011 - Aug 18, 2011
#10	-0.10% Nov 10, 2022 - Nov 14, 2022	-14.23% Sep 22, 2011 - Oct 3, 2011
#11	-0.10% Nov 13, 2017 - Nov 28, 2017	-12.90% Aug 19, 2011 - Sep 2, 2011
#12	-0.10% Aug 17, 2018 - Aug 22, 2018	-12.78% Jun 1, 2012 - Jul 23, 2012
#13	-0.09% Nov 6, 2023 - Nov 9, 2023	-7.46% Aug 15, 2019 - Aug 27, 2019
#14	-0.08% Dec 15, 2023 - Dec 19, 2023	-6.18% Sep 12, 2011 - Sep 19, 2011
#15	-0.08% Jul 11, 2024 - Jul 15, 2024	-5.52% Sep 6, 2011 - Sep 9, 2011

Correlation

Correlation between TBLL and TMF is -0.63 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.63

-101

Dividend Comparison (2009 - 2026)

TBLL vs TMF dividend yield comparison.

Year	TBLL	TMF
2026	1.15%	0.62%
2025	4.08%	4.06%
2024	4.99%	4.29%
2023	4.63%	2.82%
2022	1.37%	1.62%
2021	0.03%	0.13%
2020	0.80%	2.24%
2019	2.08%	0.94%
2018	1.69%	1.49%
2017	0.71%	0.41%
2013	0.00%	0.57%
2012	0.00%	0.17%
2011	0.00%	0.70%
2010	0.00%	5.12%
2009	0.00%	15.58%