UPRO vs TMF
Comparison between PROSHARES ULTRAPRO S&P500 (UPRO, ETF) and DIREXION DAILY 20+ YEAR TREASURY BULL 3X SHARES (TMF, ETF).
5-Year PerformanceUPRO has outperformed TMF, delivering a return of +21.4% compared to -30.6%
UPRO vs TMF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
UPRO
$4.70B
TMF
$2.70B
Max Drawdown
Winner
UPRO
76.82%
TMF
93.82%
Sharpe Ratio
Winner
UPRO
1.53
TMF
-0.16
5Y Beta
UPRO
2.89
Winner
TMF
0.19
5Y Dividends CAGR
Winner
UPRO
84.45%
TMF
-26.36%
UPRO vs TMF - Holdings Comparison
UPRO and TMF have 0 common holdings. Overlap is 0.00%
UPRO's top 25 holdings weight is 71.97%. TMF's top 25 holdings weight is 77.07%.
| Rank | UPRO | TMF |
|---|---|---|
| #1 | PROSHARES GENIUS MONEY MARKET ETF (IQMM) - 25.37% | ISHARES 20& YEAR TREASURY BOND ETF (TLT) - 69.74% |
| #2 | S&P 500 INDEX SWAP (n/a) - 19.88% | GOLDMAN SACHS FS TREASURY INTMS INSTL (FTIXX) - 7.33% |
| #3 | NVIDIA CORP (NVDA) - 3.79% | N/A |
| #4 | APPLE INC (AAPL) - 3.28% | N/A |
| #5 | MICROSOFT CORP (MSFT) - 2.25% | N/A |
| #6 | CTE PROSHARES TRUST M (n/a) - 1.96% | N/A |
| #7 | AMAZON.COM INC (AMZN) - 1.88% | N/A |
| #8 | E-MINI S&P 500 FUTURE JUNE 26 (n/a) - 1.63% | N/A |
| #9 | ALPHABET INC CLASS A (GOOGL) - 1.62% | N/A |
| #10 | BROADCOM INC (AVGO) - 1.42% | N/A |
| #11 | ALPHABET INC CLASS C (GOOG) - 1.29% | N/A |
| #12 | META PLATFORMS INC CLASS A (META) - 0.97% | N/A |
| #13 | TESLA INC (TSLA) - 0.87% | N/A |
| #14 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.65% | N/A |
| #15 | MICRON TECHNOLOGY INC (MU) - 0.61% | N/A |
| #16 | ELI LILLY AND CO (LLY) - 0.61% | N/A |
| #17 | JPMORGAN CHASE & CO (JPM) - 0.60% | N/A |
| #18 | ADVANCED MICRO DEVICES INC (AMD) - 0.55% | N/A |
| #19 | EXXON MOBIL CORP (XOM) - 0.47% | N/A |
| #20 | JOHNSON & JOHNSON (JNJ) - 0.41% | N/A |
| #21 | INTEL CORP (INTC) - 0.41% | N/A |
| #22 | VISA INC CLASS A (V) - 0.40% | N/A |
| #23 | WALMART INC (WMT) - 0.38% | N/A |
| #24 | CISCO SYSTEMS INC (CSCO) - 0.34% | N/A |
| #25 | COSTCO WHOLESALE CORP (COST) - 0.33% | N/A |
| Total Holdings | 489 | 2 |
UPRO vs TMF - Historical Returns
Returns include dividend reinvestment.
1M
Winner
UPRO
+4.31%
TMF
-1.18%
3M
Winner
UPRO
+22.30%
TMF
-12.08%
6M
Winner
UPRO
+17.11%
TMF
-9.80%
1Y
Winner
UPRO
+71.20%
TMF
-4.83%
5Y(CAGR)
Winner
UPRO
+21.38%
TMF
-30.64%
10Y(CAGR)
Winner
UPRO
+28.99%
TMF
-16.48%
Max(CAGR)
Winner
UPRO
+32.74%
TMF
-6.10%
UPRO vs TMF - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | UPRO | TMF |
|---|---|---|
| 2026 | +18.49% | -6.51% |
| 2025 | +33.00% | -3.69% |
| 2024 | +66.56% | -34.61% |
| 2023 | +70.82% | -17.42% |
| 2022 | -57.58% | -70.36% |
| 2021 | +107.13% | -19.51% |
| 2020 | +7.18% | +34.34% |
| 2019 | +101.91% | +32.62% |
| 2018 | -26.65% | -7.97% |
| 2017 | +67.74% | +21.53% |
| 2016 | +36.68% | -5.33% |
| 2015 | -4.99% | -16.30% |
| 2014 | +42.06% | +95.37% |
| 2013 | +103.37% | -36.52% |
| 2012 | +40.02% | +5.23% |
| 2011 | -14.37% | +112.97% |
| 2010 | +29.81% | +16.06% |
| 2009 | +73.78% | -39.24% |
UPRO vs TMF Drawdown Comparison
The maximum drawdown for UPRO was -76.82%, occurring on Mar 23, 2020. Recovery took 225 trading sessions.
The maximum drawdown for TMF was -92.89%, occurring on May 19, 2026. This drawdown has not yet recovered.
The current UPRO drawdown is -8.84%. The current TMF drawdown is -92.31%.
| Rank | UPRO | TMF |
|---|---|---|
| #1 | -76.82% Feb 19, 2020 - Jan 8, 2021 | -92.89% Mar 9, 2020 - May 19, 2026 |
| #2 | -63.94% Jan 3, 2022 - Jun 17, 2024 | -53.33% Jul 25, 2012 - Jan 5, 2015 |
| #3 | -51.73% Apr 29, 2011 - Apr 2, 2012 | -51.11% Jul 8, 2016 - Aug 12, 2019 |
| #4 | -50.28% Sep 20, 2018 - Jul 12, 2019 | -46.17% Aug 26, 2010 - Aug 10, 2011 |
| #5 | -48.86% Feb 19, 2025 - Jul 25, 2025 | -44.57% Apr 20, 2009 - Aug 19, 2010 |
| #6 | -42.88% Apr 23, 2010 - Dec 10, 2010 | -42.46% Jan 30, 2015 - Jun 27, 2016 |
| #7 | -39.29% May 21, 2015 - Jul 18, 2016 | -30.94% Oct 3, 2011 - May 30, 2012 |
| #8 | -29.34% Jan 26, 2018 - Aug 29, 2018 | -24.59% Aug 28, 2019 - Feb 24, 2020 |
| #9 | -27.26% Apr 2, 2012 - Sep 6, 2012 | -14.95% Aug 10, 2011 - Aug 18, 2011 |
| #10 | -26.79% Jan 12, 2026 - Apr 17, 2026 | -14.23% Sep 22, 2011 - Oct 3, 2011 |
| #11 | -24.41% Jul 16, 2024 - Sep 24, 2024 | -12.90% Aug 19, 2011 - Sep 2, 2011 |
| #12 | -22.72% Jan 19, 2010 - Mar 16, 2010 | -12.78% Jun 1, 2012 - Jul 23, 2012 |
| #13 | -21.27% Sep 14, 2012 - Jan 4, 2013 | -7.46% Aug 15, 2019 - Aug 27, 2019 |
| #14 | -21.05% Sep 18, 2014 - Nov 3, 2014 | -6.18% Sep 12, 2011 - Sep 19, 2011 |
| #15 | -18.18% Feb 18, 2011 - Apr 26, 2011 | -5.52% Sep 6, 2011 - Sep 9, 2011 |
Correlation
Correlation between UPRO and TMF is -0.30 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
-0.30
-101
Dividend Comparison (2009 - 2026)
UPRO vs TMF dividend yield comparison.
| Year | UPRO | TMF |
|---|---|---|
| 2026 | 0.16% | 0.64% |
| 2025 | 0.84% | 4.06% |
| 2024 | 0.93% | 4.29% |
| 2023 | 0.74% | 2.82% |
| 2022 | 0.52% | 1.62% |
| 2021 | 0.06% | 0.13% |
| 2020 | 0.11% | 2.24% |
| 2019 | 0.41% | 0.94% |
| 2018 | 0.63% | 1.49% |
| 2017 | 0.00% | 0.41% |
| 2016 | 0.12% | 0.00% |
| 2015 | 0.34% | 0.00% |
| 2014 | 0.22% | 0.00% |
| 2013 | 0.07% | 0.57% |
| 2012 | 0.05% | 0.17% |
| 2011 | 0.06% | 0.70% |
| 2010 | 0.18% | 5.12% |
| 2009 | 0.11% | 15.58% |
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