BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

TBFvsTMVETF Comparison

ETF 1

TBF

ProShares Short 20+ Year Treasury ETF

This fund is part of

Inverse Fixed Income

+0.02%

Full TBF fund page

VS

ETF 2

TMV

Direxion Daily 20 Year Plus Treasury Bear 3X Shares ETF

This fund is part of

Inverse Fixed Income

+0.02%

Full TMV fund page

The ETFs ProShares Short 20+ Year Treasury ETF (TBF) and Direxion Daily 20 Year Plus Treasury Bear 3X Shares ETF (TMV) track the ICE U.S. Treasury 20+ Year Total Return Index - USD and belong to the same industry segment: Inverse Fixed Income. TBF is more expensive with a Total Expense Ratio (TER) of 1%, versus 0.97% for TMV. TBF is up 9.11% year-to-date (YTD) with +$54M in YTD flows. TMV performs better with 25.41% YTD performance, and +$17M in YTD flows. Run a side-by-side ETF comparison of TBF and TMV below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

TBF vs TMV performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/16/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	TBF TMV	+1.14%+2.64%	+5.34%+14.98%	+9.11%+25.41%	+14.17%+43.28%	+11.74%+7.19%	+81.43%+245.76%
Flows	TBF TMV	+$722K+$5M	+$32M+$22M	+$54M+$17M	+$49M+$979K	-$92M-$159M	-$857M-$555M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	TBF TMV	+10.43%+30.86%	+9.43%+27.82%	+12.89%+38.82%	+15.47%+46.88%
Max drawdown	TBF TMV	-3.51%-10.29%	-5.50%-14.46%	-17.72%-48.49%	-17.72%-48.49%
Max drawdown duration	TBF TMV	11d11d	72d70d	579d1072d	579d1072d

Trading data

Create an account to view trading data

Join for free

	TBF	TMV
Last sale 10/16/2026 at 1:30 PM	$26.01	$45.67
Previous close 10/15/2026	$25.97	$45.66
Consolidated volume 10/15/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of October 19, 2026

1-year trailing difference

Create an account to view replication metrics

Join for free

Create an account to view replication quality

Join for free

	TBF	TMV
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/16/2026 at 1:30 PM

Live

Closed

	TBF	TMV
Last price	$26.01	$45.67
1D performance	+0.15%	+0.02%
AuM	$126.42 M	$221.13 M
E/R	1%	0.97%

Characteristics

	TBF	TMV
Management strategy	Passive	Passive
Provider	ProShares	Direxion
Benchmark	ICE U.S. Treasury 20+ Year Index	ICE U.S. Treasury 20+ Year Index
N° of holdings	-	-
Asset class	Bonds	Bonds
Trailing 12m distribution yield	Join	Join
Inception date	August 18, 2009	April 16, 2009
ESG	No	No

More TBF data on Trackinsight

More TMV data on Trackinsight

Exposure

Countries

TBF

Data will be available soon

TMV

Data will be available soon

Sectors

TBF

Data will be available soon

TMV

Data will be available soon

Diversification

TBF

Data will be available soon

TMV

Data will be available soon

Top 15 holdings

Data as of January 1, 1970

TBF

Data will be available soon

TMV

Data will be available soon

Frequently asked questions about TBF and TMV

TBFvsTMVETF Comparison

ProShares Short 20+ Year Treasury ETF

Direxion Daily 20 Year Plus Treasury Bear 3X Shares ETF

TBF vs TMV performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the TBF and TMV ETFs performed in 2026?

As of October 16, 2026, TBF is up 9.11% year-to-date (YTD), while TMV has returned 25.41%. That puts TMV better performer ahead so far this year.

Which ETF is attracting more investor money: TBF or TMV?

Year-to-date, the TBF ETF saw +$54M in flows, compared to +$17M for TMV.

Which ETF is more volatile: TBF or TMV?

Over the past year, TBF had a volatility of 9.43%, while TMV experienced 27.82%.

Which ETF is bigger: TBF or TMV?

As of October 16, 2026, TBF holds $126.42 M in assets under management (AUM), while TMV manages $221.13 M.

Treasury ETFs Tumble After Fitch Downgrades Ratings for U.S. Government Debt

The US labor market continues to hold up

Using ETFs to hedge interest rate risk

Build and Analyze Your ETF Portfolio Like a Pro