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TMVvsTBFETF Comparison

ETF 1
TMV

Direxion Daily 20 Year Plus Treasury Bear 3X Shares ETF

This fund is part of
Inverse Fixed Income
+0.07%
VS
ETF 2
TBF

ProShares Short 20+ Year Treasury ETF

This fund is part of
Inverse Fixed Income
+0.07%

The ETFs Direxion Daily 20 Year Plus Treasury Bear 3X Shares ETF (TMV) and ProShares Short 20+ Year Treasury ETF (TBF) track the ICE U.S. Treasury 20+ Year Total Return Index - USD and belong to the same industry segment: Inverse Fixed Income. TMV is less expensive with a Total Expense Ratio (TER) of 0.97%, versus 1% for TBF. TMV is up 18.34% year-to-date (YTD) with -$951K in YTD flows. TBF performs worse with 7.06% YTD performance, and +$52M in YTD flows. Run a side-by-side ETF comparison of TMV and TBF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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TMV vs TBF performance and flow charts

Performance

-10.0-5.00.05.0%Sep 28Oct 5Oct 12Oct 19Oct 26

Cumulative Flows

-15 M-10 M-5 M0 M5 MSep 28Oct 5Oct 12Oct 19Oct 26

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Historic performance and flows
Data as of 10/27/2026
1M3MYTD1Y3Y5Y
Perf.
TMV
TBF
-11.12%-3.69%
+6.33%+2.63%
+18.34%+7.06%
+36.55%+12.30%
-4.86%+7.14%
+241.81%+80.64%
Flows
TMV
TBF
-$18M-$16M
+$2M+$33M
-$951K+$52M
-$19M+$47M
-$146M-$76M
-$573M-$805M
Volatility and drawdown
3M1Y3Y5Y
Volatility
TMV
TBF
+33.12%+11.19%
+28.50%+9.65%
+38.41%+12.76%
+46.83%+15.46%
Max drawdown
TMV
TBF
-15.84%-5.46%
-15.84%-5.50%
-46.94%-17.03%
-48.49%-17.72%
Max drawdown duration
TMV
TBF
22d22d
22d72d
1058d435d
1072d579d
Trading data

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TMV
TBF
Last sale
10/28/2026 at 1:30 PM
$44.01
$25.71
Previous close
10/27/2026
$43.01
$25.48
Consolidated volume
10/27/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of October 29, 2026
1-year trailing difference

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TMV
TBF
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 10/28/2026 at 1:30 PM
Live
Closed
TMV
TBF
Last price
$44.01
$25.71
1D performance
+2.33%
+0.90%
AuM$191.44 M$122.00 M
E/R0.97%1%
Characteristics
TMV
TBF
Management strategyPassivePassive
ProviderDirexionProShares
BenchmarkICE U.S. Treasury 20+ Year IndexICE U.S. Treasury 20+ Year Index
N° of holdings--
Asset classBondsBonds
Trailing 12m distribution yield
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Inception dateApril 16, 2009August 18, 2009
ESGNoNo
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Exposure

Countries

TMV
Data will be available soon
TBF
Data will be available soon

Sectors

TMV
Data will be available soon
TBF
Data will be available soon
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Diversification

TMV
Data will be available soon
TBF
Data will be available soon

Top 15 holdings

Data as of January 1, 1970
TMV
Data will be available soon
TBF
Data will be available soon
Frequently asked questions about TMV and TBF

How have the TMV and TBF ETFs performed in 2026?

As of October 27, 2026, TMV is up 18.34% year-to-date (YTD), while TBF has returned 7.06%. That puts TMV better performer ahead so far this year.

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

Year-to-date, the TMV ETF saw -$951K in flows, compared to +$52M for TBF.

Which ETF is more volatile: TMV or TBF?

Over the past year, TMV had a volatility of 28.5%, while TBF experienced 9.65%.

Which ETF is bigger: TMV or TBF?

As of October 27, 2026, TMV holds $191.44 M in assets under management (AUM), while TBF manages $122.00 M.

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