TMF vs AAAU

Comparison between DIREXION DAILY 20+ YEAR TREASURY BULL 3X SHARES (TMF, ETF) and Goldman Sachs Physical Gold ETF (AAAU, ETF).

5-Year PerformanceAAAU has outperformed TMF, delivering a return of +20.6% compared to -29.5%

TMF vs AAAU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TMF(ETF)	AAAU(ETF)
Net Assets	$2.70B	$2.80B
Expense Ratio	N/A	0.18%
Max Drawdown	93.33%	21.63%
Sharpe Ratio	-0.16	1.34
5Y Beta	0.19	0.18
5Y Dividends CAGR	-26.36%	N/A

Net Assets

TMF

$2.70B

Winner

AAAU

$2.80B

Expense Ratio

TMF

N/A

AAAU

0.18%

Max Drawdown

TMF

93.33%

Winner

AAAU

21.63%

Sharpe Ratio

TMF

-0.16

Winner

AAAU

1.34

5Y Beta

TMF

0.19

Winner

AAAU

0.18

5Y Dividends CAGR

TMF

-26.36%

AAAU

N/A

TMF vs AAAU - Historical Returns

Returns include dividend reinvestment.

Period	TMF	AAAU
1 month	-3.24%	-0.55%
3 months	-8.15%	-6.99%
6 months	-13.64%	+14.52%
1 year	-3.01%	+46.09%
5 years(CAGR)	-29.55%	+20.61%
10 years(CAGR)	-16.22%	N/A
Max(CAGR)	-6.05%	+19.53%

TMF

-3.24%

Winner

AAAU

-0.55%

TMF

-8.15%

Winner

AAAU

-6.99%

TMF

-13.64%

Winner

AAAU

+14.52%

TMF

-3.01%

Winner

AAAU

+46.09%

5Y(CAGR)

TMF

-29.55%

Winner

AAAU

+20.61%

10Y(CAGR)

TMF

-16.22%

AAAU

N/A

Max(CAGR)

TMF

-6.05%

Winner

AAAU

+19.53%

TMF vs AAAU - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	TMF	AAAU
2026	-5.18%	+9.24%
2025	-3.69%	+61.88%
2024	-34.61%	+27.23%
2023	-17.42%	+12.03%
2022	-70.36%	+1.01%
2021	-19.51%	-6.05%
2020	+34.34%	+24.20%
2019	+32.62%	+16.09%
2018	-7.97%	+9.20%
2017	+21.53%	N/A
2016	-5.33%	N/A
2015	-16.30%	N/A
2014	+95.37%	N/A
2013	-36.52%	N/A
2012	+5.23%	N/A
2011	+112.97%	N/A
2010	+16.06%	N/A
2009	-39.24%	N/A

TMF vs AAAU Drawdown Comparison

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

The maximum drawdown for AAAU was -21.63%, occurring on Sep 26, 2022. Recovery took 853 trading sessions.

The current TMF drawdown is -92.20%. The current AAAU drawdown is -12.25%.

Rank	TMF	AAAU
#1	-92.61% Mar 9, 2020 - May 21, 2025	-21.63% Aug 6, 2020 - Dec 27, 2023
#2	-53.33% Jul 25, 2012 - Jan 5, 2015	-19.13% Jan 29, 2026 - Mar 26, 2026
#3	-51.11% Jul 8, 2016 - Aug 12, 2019	-12.43% Mar 9, 2020 - Apr 9, 2020
#4	-46.17% Aug 26, 2010 - Aug 10, 2011	-10.06% Oct 20, 2025 - Dec 22, 2025
#5	-44.57% Apr 20, 2009 - Aug 19, 2010	-8.12% Oct 30, 2024 - Jan 30, 2025
#6	-42.46% Jan 30, 2015 - Jun 27, 2016	-7.11% Apr 21, 2025 - Jun 13, 2025
#7	-30.94% Oct 3, 2011 - May 30, 2012	-6.51% Sep 4, 2019 - Jan 6, 2020
#8	-24.59% Aug 28, 2019 - Feb 24, 2020	-5.73% May 20, 2024 - Jul 16, 2024
#9	-14.95% Aug 10, 2011 - Aug 18, 2011	-5.20% Feb 19, 2019 - Jun 13, 2019
#10	-14.23% Sep 22, 2011 - Oct 3, 2011	-5.01% Feb 24, 2020 - Mar 5, 2020
#11	-12.90% Aug 19, 2011 - Sep 2, 2011	-4.85% Dec 26, 2025 - Jan 12, 2026
#12	-12.78% Jun 1, 2012 - Jul 23, 2012	-4.78% Jun 13, 2025 - Aug 29, 2025
#13	-7.46% Aug 15, 2019 - Aug 27, 2019	-4.66% Mar 31, 2025 - Apr 10, 2025
#14	-6.18% Sep 12, 2011 - Sep 19, 2011	-4.36% Jul 16, 2024 - Aug 12, 2024
#15	-5.52% Sep 6, 2011 - Sep 9, 2011	-4.30% Dec 27, 2023 - Mar 1, 2024

Correlation

Correlation between TMF and AAAU is -0.54 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.54

-101