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TMF vs SPY

Comparison between DIREXION DAILY 20+ YEAR TREASURY BULL 3X SHARES (TMF, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed TMF, delivering a return of +13.2% compared to -31.5%

TMF vs SPY - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
TMF
$2.60B
Winner
SPY
$784B
Expense Ratio
TMF
N/A
SPY
0.09%
Max Drawdown
TMF
93.82%
Winner
SPY
56.47%
Sharpe Ratio
TMF
-0.02
Winner
SPY
1.54
5Y Beta
Winner
TMF
0.20
SPY
1.00
P/E Ratio
TMF
N/A
SPY
27.62
Forward P/E
TMF
N/A
SPY
21.11
5Y Dividends CAGR
TMF
-24.03%
Winner
SPY
6.00%
5Y EPS CAGR
TMF
N/A
SPY
25.30%
Debt to Equity
TMF
N/A
SPY
31.11%
P/S Ratio
TMF
N/A
SPY
3.49
P/B Ratio
TMF
N/A
SPY
5.30

TMF vs SPY - Holdings Comparison

TMF and SPY have 0 common holdings. Overlap is 0.00%

TMF's top 25 holdings weight is 77.07%. SPY's top 25 holdings weight is 51.24%.

RankTMFSPY
#1
ISHARES 20& YEAR TREASURY BOND ETF (TLT) - 69.74%
NVIDIA CORP (NVDA) - 7.81%
#2
GOLDMAN SACHS FS TREASURY INTMS INSTL (FTIXX) - 7.33%
APPLE INC (AAPL) - 6.81%
#3N/A
MICROSOFT CORP (MSFT) - 4.53%
#4N/A
AMAZON.COM INC (AMZN) - 3.72%
#5N/A
ALPHABET INC CLASS A (GOOGL) - 3.39%
#6N/A
BROADCOM INC (AVGO) - 2.77%
#7N/A
ALPHABET INC CLASS C (GOOG) - 2.72%
#8N/A
META PLATFORMS INC CLASS A (META) - 2.03%
#9N/A
MICRON TECHNOLOGY INC (MU) - 1.78%
#10N/A
TESLA INC (TSLA) - 1.76%
#11N/A
BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.41%
#12N/A
JPMORGAN CHASE & CO (JPM) - 1.38%
#13N/A
ELI LILLY AND CO (LLY) - 1.38%
#14N/A
ADVANCED MICRO DEVICES INC (AMD) - 1.28%
#15N/A
EXXON MOBIL CORP (XOM) - 0.92%
#16N/A
JOHNSON & JOHNSON (JNJ) - 0.88%
#17N/A
VISA INC CLASS A (V) - 0.87%
#18N/A
INTEL CORP (INTC) - 0.85%
#19N/A
WALMART INC (WMT) - 0.82%
#20N/A
CISCO SYSTEMS INC (CSCO) - 0.73%
#21N/A
LAM RESEARCH CORP (LRCX) - 0.71%
#22N/A
APPLIED MATERIALS INC (AMAT) - 0.70%
#23N/A
CATERPILLAR INC (CAT) - 0.68%
#24N/A
COSTCO WHOLESALE CORP (COST) - 0.68%
#25N/A
MASTERCARD INC CLASS A (MA) - 0.63%
Total Holdings2505

TMF vs SPY - Historical Returns

Returns include dividend reinvestment.

1M
Winner
TMF
+6.04%
SPY
-1.37%
3M
TMF
-0.17%
Winner
SPY
+12.22%
6M
TMF
-4.98%
Winner
SPY
+7.20%
1Y
TMF
-1.83%
Winner
SPY
+23.58%
5Y(CAGR)
TMF
-31.51%
Winner
SPY
+13.19%
10Y(CAGR)
TMF
-16.82%
Winner
SPY
+15.12%
Max(CAGR)
TMF
-6.91%
Winner
SPY
+8.44%

TMF vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearTMFSPY
2026-3.11%+7.95%
2025-3.69%+18.00%
2024-34.61%+25.59%
2023-18.81%+26.72%
2022-70.68%-18.64%
2021-19.61%+30.52%
2020+31.75%+17.28%
2019+31.43%+31.09%
2018-9.26%-5.24%
2017+21.07%+20.78%
2016-5.33%+13.59%
2015-16.30%+1.31%
2014+95.37%+14.56%
2013-36.70%+29.00%
2012+5.11%+14.17%
2011+112.03%+0.85%
2010+12.57%+13.14%
2009-43.53%+22.67%
2008N/A-36.25%
2007N/A+5.32%
2006N/A+13.85%
2005N/A+5.32%
2004N/A+10.75%
2003N/A+24.18%
2002N/A-22.42%
2001N/A-10.13%
2000N/A-8.84%
1999N/A+8.61%

TMF vs SPY Drawdown Comparison

The maximum drawdown for TMF was -93.23%, occurring on May 19, 2026. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current TMF drawdown is -92.40%. The current SPY drawdown is -3.18%.

RankTMFSPY
#1-93.23%
Mar 9, 2020 - May 19, 2026		-55.20%
Oct 9, 2007 - Aug 16, 2012
#2-53.43%
Jul 25, 2012 - Jan 5, 2015		-47.50%
Mar 24, 2000 - Oct 26, 2006
#3-51.75%
Jul 8, 2016 - Aug 14, 2019		-33.70%
Feb 19, 2020 - Aug 10, 2020
#4-48.63%
Apr 20, 2009 - Aug 18, 2011		-24.50%
Jan 3, 2022 - Dec 13, 2023
#5-42.46%
Jan 30, 2015 - Jun 27, 2016		-19.34%
Sep 20, 2018 - Apr 12, 2019
#6-31.24%
Oct 3, 2011 - May 30, 2012		-18.76%
Feb 19, 2025 - Jun 26, 2025
#7-24.72%
Aug 28, 2019 - Feb 24, 2020		-13.02%
Jul 20, 2015 - Apr 18, 2016
#8-14.23%
Sep 22, 2011 - Oct 3, 2011		-10.10%
Jan 26, 2018 - Aug 6, 2018
#9-12.90%
Aug 19, 2011 - Sep 2, 2011		-9.44%
Sep 2, 2020 - Nov 11, 2020
#10-12.78%
Jun 1, 2012 - Jul 23, 2012		-9.30%
Jan 19, 2000 - Mar 17, 2000
#11-7.46%
Aug 15, 2019 - Aug 27, 2019		-9.05%
Jul 19, 2007 - Oct 5, 2007
#12-6.18%
Sep 12, 2011 - Sep 19, 2011		-8.88%
Jan 27, 2026 - Apr 14, 2026
#13-5.52%
Sep 6, 2011 - Sep 9, 2011		-8.41%
Jul 16, 2024 - Sep 19, 2024
#14-4.72%
Jan 15, 2015 - Jan 28, 2015		-7.35%
Sep 14, 2012 - Jan 2, 2013
#15-4.47%
Apr 16, 2009 - Apr 20, 2009		-7.27%
Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between TMF and SPY is -0.28 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.28
-101

Dividend Comparison (1999 - 2026)

TMF vs SPY dividend yield comparison.

YearTMFSPY
20261.65%0.50%
20254.06%1.07%
20244.29%1.21%
20230.98%1.40%
20220.16%1.65%
20210.01%1.20%
20200.22%1.52%
20190.09%1.75%
20180.15%2.04%
20170.04%1.80%
20160.00%2.03%
20150.00%2.06%
20140.00%1.87%
20130.23%1.81%
20120.07%2.18%
20110.28%2.05%
20102.05%1.80%
20096.23%1.95%
20080.00%3.02%
20070.00%1.85%
20060.00%1.73%
20050.00%1.73%
20040.00%1.82%
20030.00%1.47%
20020.00%1.70%
20010.00%1.25%
20000.00%1.15%
19990.00%0.24%

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