TMV
Direxion Daily 20+ Year Treasury Bear 3x Shares

Price: $33.81
Change: $1.53 (-0.04%)
Category: Inverse Bonds
Last Updated:

Vitals

Brand Direxion
Structure ETF
Expense Ratio 1.01%
ETF Home Page Home page
Inception Apr 16, 2009

Analyst Report

This ETF offers 3x short leveraged exposure to the broad-based NYSE 20 Year Plus Treasury Bond Index, making it a powerful tool for investors with a bearish short-term outlook for U.S. 30 year treasuries. An investment in leveraged debt can be a very risky one, as there are numerous factors that can converge to drastically change the returns of these products. Investing in leveraged bond ETFs requires a careful understand of the specific economy, in this case the US, and what kind of policies and regulations are currently in place and are set to be enforced in the future. TMV can be a powerful tool for sophisticated investors, but should be avoided by those with a low risk tolerance or a buy-and-hold strategy. For those who feel educated enough on the specific economy and its inner workings, this ETF can be a great addition to an investment portfolio.

ETF Database Themes

Category Inverse Bonds
Inverse Yes
Leveraged -3x
Asset Class Bond
Region (General) North America
Region (Specific) U.S.
Bond Type(s) Treasuries
Bond Duration Long-Term

FactSet Classifications

Segment Inverse Fixed Income: U.S. - Government, Treasury Investment Grade Long-Term
Category Government, Treasury
Focus Investment Grade
Niche Long-Term
Strategy Vanilla
Weighting Scheme Market Value

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $27.19
  • 52 Week Hi $52.54
  • AUM $224.4 M
  • Shares 6.3 M

Historical Trading Data

  • 1 Month Avg. Volume 1,273,765
  • 3 Month Avg. Volume 1,897,372

Alternative ETFs in the ETF Database Inverse Bonds Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest TBT 0.90% $364.7 M 665,512 11.53%
Largest (AUM) TBT 0.90% $364.7 M 665,512 11.53%
Most Liquid (Volume) TBT 0.90% $364.7 M 665,512 11.53%
Top YTD Performer TTT 0.95% $37.9 M 13,795 14.32%

Alternative ETFs in the FactSet Inverse Fixed Income: U.S. - Government, Treasury Investment Grade Long-Term Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest TBT 0.90% $364.7 M 665,512 11.53%
Largest (AUM) TBT 0.90% $364.7 M 665,512 11.53%
Most Liquid (Volume) TBT 0.90% $364.7 M 665,512 11.53%
Top YTD Performer TTT 0.95% $37.9 M 13,795 14.32%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

TMV ETF Database Category Average FactSet Segment Average
Number of Holdings 1 2 2
% of Assets in Top 10 100.00% 100.00% 100.00%
% of Assets in Top 15 100.00% 100.00% 100.00%
% of Assets in Top 50 100.00% 100.00% 100.00%

Size Comparison

TMV ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A N/A N/A
Mid (>2.7B) N/A N/A N/A
Small (>600M) N/A N/A N/A
Micro (<600M) N/A N/A N/A

TMV Valuation

This section compares the P/E ratio of this ETF to its peers.

TMV
P/E Ratio
N/A
ETF Database Category Average
P/E Ratio
N/A
FactSet Segment Average
P/E Ratio
N/A

TMV Dividend

This section compares the dividend yield of this ETF to its peers.

TMV ETF Database Category Average FactSet Segment Average
Dividend $ 0.49 $ 1.07 $ 1.93
Dividend Date 2024-03-19 N/A N/A
Annual Dividend Rate $ 1.34 $ 1.83 $ 2.78
Annual Dividend Yield 3.79% 4.91% 5.65%

TMV Price and Volume Charts

View charts featuring TMV price and volume data.

TMV Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -11.17 M 1 Month Net Flows: -22.25 M 3 Month Net Flows: -2.3 M 6 Month Net Flows: -45.1 M 1 Year Net Flows: -226.41 M 3 Year Net Flows: -496.06 M 5 Year Net Flows: -292.19 M 10 Year Net Flows: -172.13 M

TMV Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.