TMF vs TFI

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

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

TMF vs TFI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

TMF

$3B

TFI

$3B

Expense Ratio

TMF

N/A

TFI

0.23%

Max Drawdown

TMF

93.33%

Winner

TFI

18.31%

Sharpe Ratio

TMF

-0.21

Winner

TFI

0.68

5Y Beta

TMF

0.19

Winner

TFI

0.02

5Y Dividends CAGR

TMF

-26.36%

Winner

TFI

11.62%

TMF vs TFI - Historical Returns

Returns include dividend reinvestment.

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

TMF

-2.95%

Winner

TFI

+0.36%

TMF

-4.91%

Winner

TFI

-0.40%

TMF

-11.01%

Winner

TFI

+1.26%

TMF

-3.60%

Winner

TFI

+5.91%

5Y(CAGR)

TMF

-30.02%

Winner

TFI

-0.09%

10Y(CAGR)

TMF

-15.93%

Winner

TFI

+1.47%

Max(CAGR)

TMF

-5.96%

Winner

TFI

+3.03%

TMF vs TFI - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

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

TMF vs TFI 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 TFI was -15.49%, occurring on Mar 19, 2020. Recovery took 90 trading sessions.

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

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

Correlation

Correlation between TMF and TFI 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)

TMF vs TFI dividend yield comparison.

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