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TMVvsTBTETF 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
TBT

ProShares UltraShort 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 UltraShort 20+ YEAR TREASURY ETF (TBT) track the ICE U.S. Treasury 20+ Year Total Return Index - USD and belong to the same industry segment: Inverse Fixed Income. TMV is more expensive with a Total Expense Ratio (TER) of 0.97%, versus 0.93% for TBT. TMV is up 18.34% year-to-date (YTD) with -$951K in YTD flows. TBT performs worse with 11.98% YTD performance, and +$6M in YTD flows. Run a side-by-side ETF comparison of TMV and TBT 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 TBT performance and flow charts

Performance

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

Cumulative Flows

-30 M-20 M-10 M0 M10 M20 MSep 28Oct 5Oct 12Oct 19Oct 26

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

Historic performance and flows
Data as of 10/27/2026
1M3MYTD1Y3Y5Y
Perf.
TMV
TBT
-11.12%-7.58%
+6.33%+4.25%
+18.34%+11.98%
+36.55%+22.40%
-4.86%+0.06%
+241.81%+156.42%
Flows
TMV
TBT
-$18M-$27M
+$2M-$14M
-$951K+$6M
-$19M-$25M
-$146M-$164M
-$573M-$2.11B
Volatility and drawdown
3M1Y3Y5Y
Volatility
TMV
TBT
+33.12%+22.39%
+28.50%+19.17%
+38.41%+25.45%
+46.83%+30.82%
Max drawdown
TMV
TBT
-15.84%-10.84%
-15.84%-10.84%
-46.94%-32.66%
-48.49%-33.91%
Max drawdown duration
TMV
TBT
22d22d
22d22d
1058d1044d
1072d1070d
Trading data

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TMV
TBT
Last sale
10/28/2026 at 1:30 PM
$44.01
$39.01
Previous close
10/27/2026
$43.01
$38.47
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
TBT
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
TBT
Last price
$44.01
$39.01
1D performance
+2.33%
+1.40%
AuM$191.44 M$290.46 M
E/R0.97%0.93%
Characteristics
TMV
TBT
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, 2009April 29, 2008
ESGNoNo
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Exposure

Exposure data will be available soon

Frequently asked questions about TMV and TBT

How have the TMV and TBT ETFs performed in 2026?

As of October 27, 2026, TMV is up 18.34% year-to-date (YTD), while TBT has returned 11.98%. That puts TMV better performer ahead so far this year.

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

Year-to-date, the TMV ETF saw -$951K in flows, compared to +$6M for TBT.

Which ETF is more volatile: TMV or TBT?

Over the past year, TMV had a volatility of 28.5%, while TBT experienced 19.17%.

Which ETF is bigger: TMV or TBT?

As of October 27, 2026, TMV holds $191.44 M in assets under management (AUM), while TBT manages $290.46 M.

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