TMFDIREXION DAILY 20+ YEAR TREASURY BULL 3X SHARES
DIREXION DAILY 20+ YEAR TREASURY BULL 3X SHARES
$31.59+4.88% today
304452-WK
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET −$2.4B OVER THIS RANGE
The desk’s read
Money keeps arriving — +$78M of net buying over the past month, about 3.6% of the fund's asset base, while the price has returned -14.9% so far this year.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
$2.2Bassets under management
—expense ratio
+$78Mnet flow, trailing month
4.8Mavg daily volume, 30 days
2holdings · US-domiciled
2023listed October 13, 2023 · beta 0.51
Sector weights
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
| 1 week | +1.1% |
| 1 month | -3.3% |
| 3 months | -0.8% |
| 6 months | -21.8% |
| YTD | -14.9% |
| 1 year | -15.1% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | +$95M |
| 1 month | +$78M |
| 3 months | −$232M |
| YTD | −$1.2B |
| 1 year | −$2.4B |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
Monthly net flows
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
33%realized volatility, 30 days (annualized)
28%realized volatility, 1 year
-32.4%deepest fall from a peak, 1 year
-28.4%where it sits vs. that peak today
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Options tape
15Kcalls today
7Kputs today
0.44put/call ratio
7.6Mshares traded
The case against TMF
Due diligence cuts both ways. These funds sit on the same shelf and beat TMF on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| SGOV iShares 0-3 Month Treasury Bond ETF | 0.07% | $103.2B | +$4.7B | 48× the assets · +$4.7B in over the month | Head-to-head |
| TLT iShares 20+ Year Treasury Bond ETF | 0.15% | $45.4B | +$4B | 21× the assets · +$4B in over the month | Head-to-head |
| GOVT iShares U.S. Treasury Bond ETF | 0.05% | $43.8B | +$304M | 20× the assets · +$304M in over the month | Head-to-head |
| SHY iShares 1-3 Year Treasury Bond ETF | 0.15% | $25.5B | +$90M | 12× the assets · +$90M in over the month | Head-to-head |
| SHV iShares Short Treasury Bond ETF | 0.15% | $20.8B | +$63M | 10× the assets · +$63M in over the month | Head-to-head |