TMF vs SPXX

Comparison between DIREXION DAILY 20+ YEAR TREASURY BULL 3X SHARES (TMF, ETF) and Nuveen S&P 500 Dynamic Overwrite Fund (SPXX, ETF).

5-Year PerformanceSPXX has outperformed TMF, delivering a return of +8.7% compared to -29.5%

TMF vs SPXX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TMF(ETF)	SPXX(ETF)
Net Assets	$2.70B	$2.70B
Max Drawdown	93.33%	59.96%
Sharpe Ratio	-0.16	0.97
5Y Beta	0.19	0.80
5Y Dividends CAGR	-26.36%	11.48%

Net Assets

TMF

$2.70B

SPXX

$2.70B

Max Drawdown

TMF

93.33%

Winner

SPXX

59.96%

Sharpe Ratio

TMF

-0.16

Winner

SPXX

0.97

5Y Beta

Winner

TMF

0.19

SPXX

0.80

5Y Dividends CAGR

TMF

-26.36%

Winner

SPXX

11.48%

TMF vs SPXX - Historical Returns

Returns include dividend reinvestment.

Period	TMF	SPXX
1 month	-3.24%	+5.04%
3 months	-8.15%	+1.79%
6 months	-13.64%	+5.86%
1 year	-3.01%	+13.83%
5 years(CAGR)	-29.55%	+8.71%
10 years(CAGR)	-16.22%	+10.14%
Max(CAGR)	-6.05%	+7.40%

TMF

-3.24%

Winner

SPXX

+5.04%

TMF

-8.15%

Winner

SPXX

+1.79%

TMF

-13.64%

Winner

SPXX

+5.86%

TMF

-3.01%

Winner

SPXX

+13.83%

5Y(CAGR)

TMF

-29.55%

Winner

SPXX

+8.71%

10Y(CAGR)

TMF

-16.22%

Winner

SPXX

+10.14%

Max(CAGR)

TMF

-6.05%

Winner

SPXX

+7.40%

TMF vs SPXX - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	TMF	SPXX
2026	-5.18%	+1.56%
2025	-3.69%	+11.56%
2024	-34.61%	+28.64%
2023	-17.42%	+1.77%
2022	-70.36%	-7.14%
2021	-19.51%	+31.06%
2020	+34.34%	+0.75%
2019	+32.62%	+23.48%
2018	-7.97%	-14.40%
2017	+21.53%	+28.09%
2016	-5.33%	+14.57%
2015	-16.30%	+2.35%
2014	+95.37%	+9.85%
2013	-36.52%	+15.93%
2012	+5.23%	+15.76%
2011	+112.97%	-5.57%
2010	+16.06%	+13.97%
2009	-39.24%	+28.61%
2008	N/A	-29.58%
2007	N/A	-4.08%
2006	N/A	+22.10%
2005	N/A	-13.75%

TMF vs SPXX 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 SPXX was -52.38%, occurring on Mar 9, 2009. Recovery took 924 trading sessions.

The current TMF drawdown is -92.20%. The current SPXX drawdown is -0.10%.

Rank	TMF	SPXX
#1	-92.61% Mar 9, 2020 - May 21, 2025	-52.38% Apr 12, 2007 - Dec 9, 2010
#2	-53.33% Jul 25, 2012 - Jan 5, 2015	-43.80% Jun 7, 2018 - Mar 1, 2021
#3	-51.11% Jul 8, 2016 - Aug 12, 2019	-18.59% Dec 14, 2010 - Feb 13, 2012
#4	-46.17% Aug 26, 2010 - Aug 10, 2011	-18.06% Jan 12, 2022 - Dec 1, 2022
#5	-44.57% Apr 20, 2009 - Aug 19, 2010	-17.95% Dec 1, 2022 - Jun 6, 2024
#6	-42.46% Jan 30, 2015 - Jun 27, 2016	-17.67% Feb 19, 2025 - Jun 30, 2025
#7	-30.94% Oct 3, 2011 - May 30, 2012	-14.69% Nov 30, 2005 - Aug 31, 2006
#8	-24.59% Aug 28, 2019 - Feb 24, 2020	-14.67% Nov 24, 2015 - Apr 12, 2016
#9	-14.95% Aug 10, 2011 - Aug 18, 2011	-11.85% Jan 12, 2026 - Mar 30, 2026
#10	-14.23% Sep 22, 2011 - Oct 3, 2011	-11.20% Oct 1, 2012 - Jan 11, 2013
#11	-12.90% Aug 19, 2011 - Sep 2, 2011	-9.73% Jun 15, 2021 - Dec 30, 2021
#12	-12.78% Jun 1, 2012 - Jul 23, 2012	-9.68% Jul 16, 2015 - Nov 3, 2015
#13	-7.46% Aug 15, 2019 - Aug 27, 2019	-7.94% Jan 26, 2018 - May 4, 2018
#14	-6.18% Sep 12, 2011 - Sep 19, 2011	-7.77% Apr 2, 2012 - Jul 27, 2012
#15	-5.52% Sep 6, 2011 - Sep 9, 2011	-7.69% Jul 16, 2024 - Aug 26, 2024

Correlation

Correlation between TMF and SPXX is -0.18 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.18

-101

Dividend Comparison (2006 - 2026)

TMF vs SPXX dividend yield comparison.

Year	TMF	SPXX
2026	0.63%	1.88%
2025	4.06%	7.48%
2024	4.29%	6.87%
2023	2.82%	7.82%
2022	1.62%	7.30%
2021	0.13%	5.27%
2020	2.24%	6.56%
2019	0.94%	6.44%
2018	1.49%	7.98%
2017	0.41%	5.69%
2016	0.00%	5.14%
2015	0.00%	7.75%
2014	0.00%	7.30%
2013	0.57%	7.93%
2012	0.17%	8.66%
2011	0.70%	9.28%
2010	5.12%	8.09%
2009	15.58%	8.56%
2008	0.00%	13.80%
2007	0.00%	9.46%
2006	0.00%	8.36%