TMF vs NMZ
Comparison between DIREXION DAILY 20+ YEAR TREASURY BULL 3X SHARES (TMF, ETF) and Nuveen Municipal High Income Opportunity Fund (NMZ, ETF).
5-Year PerformanceNMZ has outperformed TMF, delivering a return of -1.7% compared to -33.9%
TMF vs NMZ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
TMF vs NMZ - Historical Returns
Returns include dividend reinvestment.
TMF vs NMZ - Annual Returns (2003 - 2026)
Returns include dividend reinvestment.
| Year | TMF | NMZ |
|---|---|---|
| 2026 | -13.88% | +5.43% |
| 2025 | -3.69% | +0.23% |
| 2024 | -34.61% | +15.82% |
| 2023 | -17.42% | -1.16% |
| 2022 | -70.36% | -27.24% |
| 2021 | -19.51% | +12.04% |
| 2020 | +34.34% | +7.47% |
| 2019 | +32.62% | +25.87% |
| 2018 | -7.97% | -9.94% |
| 2017 | +21.53% | +12.41% |
| 2016 | -5.33% | -1.39% |
| 2015 | -16.30% | +9.91% |
| 2014 | +95.37% | +19.39% |
| 2013 | -36.52% | -9.82% |
| 2012 | +5.23% | +23.60% |
| 2011 | +112.97% | +15.64% |
| 2010 | +16.06% | -0.99% |
| 2009 | -39.24% | +49.88% |
| 2008 | N/A | -35.08% |
| 2007 | N/A | -8.16% |
| 2006 | N/A | +16.86% |
| 2005 | N/A | +14.20% |
| 2004 | N/A | +9.13% |
| 2003 | N/A | +0.00% |
TMF vs NMZ Drawdown Comparison
The maximum drawdown for TMF was -93.10%, occurring on Jul 31, 2026. This drawdown has not yet recovered.
The maximum drawdown for NMZ was -58.44%, occurring on Dec 16, 2008. Recovery took 1179 trading sessions.
The current TMF drawdown is -92.91%. The current NMZ drawdown is -10.39%.
| Rank | TMF | NMZ |
|---|---|---|
| #1 | -93.10% Mar 9, 2020 - Jul 31, 2026 | -58.44% May 11, 2007 - Jan 13, 2012 |
| #2 | -53.33% Jul 25, 2012 - Jan 5, 2015 | -40.01% Jul 13, 2021 - Oct 27, 2023 |
| #3 | -51.11% Jul 8, 2016 - Aug 12, 2019 | -32.56% Feb 20, 2020 - Dec 30, 2020 |
| #4 | -46.17% Aug 26, 2010 - Aug 10, 2011 | -22.40% Jan 24, 2013 - May 13, 2014 |
| #5 | -44.57% Apr 20, 2009 - Aug 19, 2010 | -15.03% Jul 8, 2016 - Mar 8, 2019 |
| #6 | -42.46% Jan 30, 2015 - Jun 27, 2016 | -12.78% Mar 17, 2004 - Oct 14, 2004 |
| #7 | -30.94% Oct 3, 2011 - May 30, 2012 | -6.78% Feb 2, 2015 - Sep 22, 2015 |
| #8 | -24.59% Aug 28, 2019 - Feb 24, 2020 | -5.68% Feb 2, 2012 - Mar 28, 2012 |
| #9 | -14.95% Aug 10, 2011 - Aug 18, 2011 | -5.52% Feb 11, 2021 - Apr 13, 2021 |
| #10 | -14.23% Sep 22, 2011 - Oct 3, 2011 | -5.15% Jun 2, 2006 - Aug 8, 2006 |
| #11 | -12.90% Aug 19, 2011 - Sep 2, 2011 | -5.05% Aug 12, 2019 - Nov 11, 2019 |
| #12 | -12.78% Jun 1, 2012 - Jul 23, 2012 | -4.75% Nov 1, 2012 - Dec 5, 2012 |
| #13 | -7.46% Aug 15, 2019 - Aug 27, 2019 | -4.52% May 28, 2014 - Oct 20, 2014 |
| #14 | -6.18% Sep 12, 2011 - Sep 19, 2011 | -4.47% Dec 13, 2012 - Jan 4, 2013 |
| #15 | -5.52% Sep 6, 2011 - Sep 9, 2011 | -4.05% Jul 31, 2012 - Sep 18, 2012 |
Correlation
Correlation between TMF and NMZ is 0.25 which considered as a very weak or no correlation - the stocks move independently of each other.
Dividend Comparison (2004 - 2026)
TMF vs NMZ dividend yield comparison.
| Year | TMF | NMZ |
|---|---|---|
| 2026 | 1.86% | 4.46% |
| 2025 | 4.06% | 7.71% |
| 2024 | 4.29% | 6.35% |
| 2023 | 2.82% | 5.44% |
| 2022 | 1.62% | 7.04% |
| 2021 | 0.13% | 5.10% |
| 2020 | 2.24% | 5.09% |
| 2019 | 0.94% | 4.99% |
| 2018 | 1.49% | 6.15% |
| 2017 | 0.41% | 5.94% |
| 2016 | 0.00% | 6.94% |
| 2015 | 0.00% | 6.67% |
| 2014 | 0.00% | 6.88% |
| 2013 | 0.57% | 6.73% |
| 2012 | 0.17% | 5.72% |
| 2011 | 0.70% | 7.98% |
| 2010 | 5.12% | 8.75% |
| 2009 | 15.58% | 7.32% |
| 2008 | 0.00% | 11.33% |
| 2007 | 0.00% | 7.15% |
| 2006 | 0.00% | 5.82% |
| 2005 | 0.00% | 6.63% |
| 2004 | 0.00% | 7.44% |
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