Direxion FundsInverse BondTMV · NYSE Arca

Direxion Daily 20+ Year Treasury Bear 3X ETF (TMV)

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Price: $44.65; —11 Sept 2026
Assets: $200.9M; Total net assets
Expense ratio: 0.97%; Category 0.00%
Yield: 2.27%; Trailing distributions

1Y return: 35.0%+15.9%; Category 19.0%
3Y CAGR: 9.5%+4.0%; Category 5.5%
5Y CAGR: 28.5%+12.9%; Category 15.6%

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Direxion Daily 20+ Year Treasury Bear 3X ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+4.2%	+18.0%	+19.9%	+22.1%	+35.0%	+9.5%	+28.5%	+1.8%	-13.8%
Inverse Bond average	3.3%	9.5%	11.3%	13.1%	19.0%	5.5%	15.6%	2.0%	-4.1%
Difference	+0.9%	+8.5%	+8.6%	+9.1%	+15.9%	+4.0%	+12.9%	-0.2%	-9.7%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

US government2.9%

Asset mix

Cash83.5%
Stocks13.7%
Bonds2.9%

ETF details

Issuer: Direxion Funds
Category: Fixed Income · Inverse Bond
Ticker: TMV
Exchange: NYSE Arca
Inception: 16 Apr 2009 (17.4 years)
Structure: Exchange Traded Fund
Expense ratio: 0.97% (category 0.00%)
Holdings turnover: 0%
Distribution yield: 2.27%
Beta, 3 years: -7.29
Total net assets: $200.9M

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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