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 +20.1% compared to -33.6%
UPRO vs TMF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
UPRO
$5.30B
TMF
$2.30B
Max Drawdown
Winner
UPRO
76.82%
TMF
93.82%
Sharpe Ratio
Winner
UPRO
1.17
TMF
-0.20
5Y Beta
UPRO
2.90
Winner
TMF
0.19
5Y Dividends CAGR
Winner
UPRO
115.97%
TMF
-24.03%
UPRO vs TMF - Holdings Comparison
UPRO and TMF have 0 common holdings. Overlap is 0.00%
UPRO's top 25 holdings weight is 63.09%. TMF's top 25 holdings weight is 77.07%.
| Rank | UPRO | TMF |
|---|---|---|
| #1 | PROSHARES GENIUS MONEY MARKET ETF (IQMM) - 23.16% | ISHARES 20& YEAR TREASURY BOND ETF (TLT) - 69.74% |
| #2 | S&P 500 INDEX SWAP (n/a) - 19.58% | GOLDMAN SACHS FS TREASURY INTMS INSTL (FTIXX) - 7.33% |
| #3 | NVIDIA CORP (NVDA) - 3.87% | N/A |
| #4 | APPLE INC (AAPL) - 3.49% | N/A |
| #5 | MICROSOFT CORP (MSFT) - 2.16% | N/A |
| #6 | AMAZON.COM INC (AMZN) - 1.83% | N/A |
| #7 | ALPHABET INC CLASS A (GOOGL) - 1.59% | N/A |
| #8 | BROADCOM INC (AVGO) - 1.39% | N/A |
| #9 | ALPHABET INC CLASS C (GOOG) - 1.27% | N/A |
| #10 | META PLATFORMS INC CLASS A (META) - 1.10% | N/A |
| #11 | MICRON TECHNOLOGY INC (MU) - 0.84% | N/A |
| #12 | TESLA INC (TSLA) - 0.84% | N/A |
| #13 | CITIGROUP INC (C) - 0.17% | N/A |
| #14 | TRANE TECHNOLOGIES PLC CLASS A (TT) - 0.16% | N/A |
| #15 | ORACLE CORP (ORCL) - 0.16% | N/A |
| #16 | CROWDSTRIKE HOLDINGS INC CLASS A (CRWD) - 0.16% | N/A |
| #17 | THERMO FISHER SCIENTIFIC INC (TMO) - 0.15% | N/A |
| #18 | INTERNATIONAL BUSINESS MACHINES CORP (IBM) - 0.15% | N/A |
| #19 | WESTERN DIGITAL CORP (WDC) - 0.15% | N/A |
| #20 | AMPHENOL CORP CLASS A (APH) - 0.15% | N/A |
| #21 | MARVELL TECHNOLOGY INC (MRVL) - 0.15% | N/A |
| #22 | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 0.15% | N/A |
| #23 | MCDONALD'S CORP (MCD) - 0.14% | N/A |
| #24 | NEXTERA ENERGY INC (NEE) - 0.14% | N/A |
| #25 | ARISTA NETWORKS INC (ANET) - 0.14% | N/A |
| Total Holdings | 468 | 2 |
UPRO vs TMF - Historical Returns
Returns include dividend reinvestment.
1M
Winner
UPRO
+0.56%
TMF
-8.20%
3M
Winner
UPRO
+16.49%
TMF
-9.44%
6M
Winner
UPRO
+22.24%
TMF
-11.79%
1Y
Winner
UPRO
+49.67%
TMF
-7.69%
5Y(CAGR)
Winner
UPRO
+20.07%
TMF
-33.65%
10Y(CAGR)
Winner
UPRO
+28.49%
TMF
-18.04%
Max(CAGR)
Winner
UPRO
+32.73%
TMF
-6.35%
UPRO vs TMF - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | UPRO | TMF |
|---|---|---|
| 2026 | +22.51% | -11.41% |
| 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 -5.74%. The current TMF drawdown is -92.71%.
| 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 -0.32 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
-0.32
-101
Dividend Comparison (2009 - 2026)
UPRO vs TMF dividend yield comparison.
| Year | UPRO | TMF |
|---|---|---|
| 2026 | 0.37% | 1.81% |
| 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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