TFI vs TMF

Comparison between SPDR(R) NUVEEN BLOOMBERG MUNICIPAL BOND ETF (TFI, ETF) and DIREXION DAILY 20+ YEAR TREASURY BULL 3X SHARES (TMF, ETF).

5-Year PerformanceTFI has outperformed TMF, delivering a return of -0.1% compared to -30.0%

TFI vs TMF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TFI(ETF)	TMF(ETF)
Net Assets	$3B	$3B
Expense Ratio	0.23%	N/A
Max Drawdown	18.31%	93.33%
Sharpe Ratio	0.68	-0.21
5Y Beta	0.02	0.19
5Y Dividends CAGR	11.62%	-26.36%

Net Assets

TFI

$3B

TMF

$3B

Expense Ratio

TFI

0.23%

TMF

N/A

Max Drawdown

Winner

TFI

18.31%

TMF

93.33%

Sharpe Ratio

Winner

TFI

0.68

TMF

-0.21

5Y Beta

Winner

TFI

0.02

TMF

0.19

5Y Dividends CAGR

Winner

TFI

11.62%

TMF

-26.36%

TFI vs TMF - Historical Returns

Returns include dividend reinvestment.

Period	TFI	TMF
1 month	+0.36%	-2.95%
3 months	-0.40%	-4.91%
6 months	+1.26%	-11.01%
1 year	+5.91%	-3.60%
5 years(CAGR)	-0.09%	-30.02%
10 years(CAGR)	+1.47%	-15.93%
Max(CAGR)	+3.03%	-5.96%

Winner

TFI

+0.36%

TMF

-2.95%

Winner

TFI

-0.40%

TMF

-4.91%

Winner

TFI

+1.26%

TMF

-11.01%

Winner

TFI

+5.91%

TMF

-3.60%

5Y(CAGR)

Winner

TFI

-0.09%

TMF

-30.02%

10Y(CAGR)

Winner

TFI

+1.47%

TMF

-15.93%

Max(CAGR)

Winner

TFI

+3.03%

TMF

-5.96%

TFI vs TMF - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	TFI	TMF
2026	+0.65%	-3.47%
2025	+3.44%	-3.69%
2024	+0.05%	-34.61%
2023	+5.43%	-17.42%
2022	-10.05%	-70.36%
2021	+0.33%	-19.51%
2020	+5.61%	+34.34%
2019	+7.26%	+32.62%
2018	+0.58%	-7.97%
2017	+5.61%	+21.53%
2016	-0.19%	-5.33%
2015	+3.31%	-16.30%
2014	+9.57%	+95.37%
2013	-3.97%	-36.52%
2012	+6.36%	+5.23%
2011	+13.23%	+112.97%
2010	-0.21%	+16.06%
2009	+10.82%	-39.24%
2008	-0.45%	N/A
2007	+1.47%	N/A

TFI vs TMF Drawdown Comparison

The maximum drawdown for TFI was -15.49%, occurring on Mar 19, 2020. Recovery took 90 trading sessions.

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

The current TFI drawdown is -1.66%. The current TMF drawdown is -92.06%.

Rank	TFI	TMF
#1	-15.49% Mar 9, 2020 - Jul 16, 2020	-92.61% Mar 9, 2020 - May 21, 2025
#2	-15.42% Jul 19, 2021 - Oct 25, 2022	-53.33% Jul 25, 2012 - Jan 5, 2015
#3	-15.12% Sep 15, 2008 - Jan 13, 2009	-51.11% Jul 8, 2016 - Aug 12, 2019
#4	-9.72% Sep 1, 2010 - Aug 2, 2011	-46.17% Aug 26, 2010 - Aug 10, 2011
#5	-9.09% Nov 29, 2012 - May 14, 2014	-44.57% Apr 20, 2009 - Aug 19, 2010
#6	-6.73% Jul 6, 2016 - Sep 7, 2017	-42.46% Jan 30, 2015 - Jun 27, 2016
#7	-6.50% Jan 22, 2008 - Sep 15, 2008	-30.94% Oct 3, 2011 - May 30, 2012
#8	-3.66% Oct 1, 2009 - Feb 25, 2010	-24.59% Aug 28, 2019 - Feb 24, 2020
#9	-3.60% Jan 30, 2015 - Nov 30, 2015	-14.95% Aug 10, 2011 - Aug 18, 2011
#10	-3.39% Dec 6, 2017 - Dec 24, 2018	-14.23% Sep 22, 2011 - Oct 3, 2011
#11	-3.33% May 20, 2009 - Aug 18, 2009	-12.90% Aug 19, 2011 - Sep 2, 2011
#12	-3.18% Feb 13, 2009 - Apr 16, 2009	-12.78% Jun 1, 2012 - Jul 23, 2012
#13	-2.95% Jan 15, 2009 - Feb 13, 2009	-7.46% Aug 15, 2019 - Aug 27, 2019
#14	-2.84% Jan 31, 2012 - May 2, 2012	-6.18% Sep 12, 2011 - Sep 19, 2011
#15	-2.72% Sep 22, 2011 - Dec 8, 2011	-5.52% Sep 6, 2011 - Sep 9, 2011

Correlation

Correlation between TFI and TMF is 0.31 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.31

-101

Dividend Comparison (2007 - 2026)

TFI vs TMF dividend yield comparison.

Year	TFI	TMF
2026	1.18%	0.62%
2025	3.32%	4.06%
2024	3.01%	4.29%
2023	2.41%	2.82%
2022	1.87%	1.62%
2021	1.71%	0.13%
2020	1.91%	2.24%
2019	2.14%	0.94%
2018	2.26%	1.49%
2017	2.16%	0.41%
2016	2.39%	0.00%
2015	2.40%	0.00%
2014	2.37%	0.00%
2013	3.35%	0.57%
2012	4.01%	0.17%
2011	3.53%	0.70%
2010	4.44%	5.12%
2009	3.75%	15.58%
2008	3.87%	0.00%
2007	1.18%	0.00%