TMF Performance — Direxion Daily 20+ Year Treasury Bull 3X Shares
Data updated: 2026-09-28
TMF returned −16.52% year to date and −14.98% over one year to Jul 2026. Annualised returns are −22.09% over 3 years and −34.84% over 5 years. The fund trailed its Trading - Leveraged category average: $100 invested three years ago grew to $47, against $136 for the category, and to $85 over one year, against $105. Volatility over the past three years was 41.82% a year. In the 12 months to Jul 2026 the fund lost a net $2.6B, and assets reached $2.20B.
TMF Growth of $100
What $100 invested in Direxion Daily 20+ Year Treasury Bull 3X Shares grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Leveraged category average over the same months.
| Period | TMF | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $85 | $105 |
| 3 years (Aug 2023 – Jul 2026) | $47 | $136 |
| 5 years (Aug 2021 – Jul 2026) | $12 | $130 |
| Since data start (Aug 2019 – Jul 2026) | $14 | $147 |
TMF Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −16.52% |
| 1 year | −14.98% |
| 3 years (annualised) | −22.09% |
| 5 years (annualised) | −34.84% |
TMF Annual Returns
Calendar-year total returns of Direxion Daily 20+ Year Treasury Bull 3X Shares, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | −16.52% |
| 2025 | −3.92% |
| 2024 | −35.82% |
| 2023 | −13.07% |
| 2022 | −72.80% |
| 2021 | −19.47% |
| 2020 | +38.80% |
| 2019 (Aug–Dec) | +4.28% |
TMF Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −1.1% | +13.5% | −13.3% | −3.4% | +0.5% | +2.5% | −13.8% | — | — | — | — | — |
| 2025 | +0.3% | +16.4% | −4.8% | −5.9% | −10.6% | +5.8% | −4.6% | −1.2% | +9.8% | +3.0% | −0.2% | −8.7% |
| 2024 | −8.1% | −8.3% | +1.0% | −19.5% | +7.2% | +3.8% | +9.6% | +4.5% | +4.8% | −16.8% | +4.1% | −19.1% |
| 2023 | +22.5% | −15.1% | +12.8% | −0.3% | −10.5% | −0.8% | −8.8% | −10.8% | −23.4% | −17.8% | +30.0% | +25.8% |
| 2022 | −12.3% | −5.5% | −16.8% | −26.4% | −7.9% | −5.2% | +6.3% | −14.4% | −24.3% | −18.2% | +20.8% | −9.7% |
| 2021 | −11.2% | −16.9% | −15.6% | +7.2% | +1.5% | +11.1% | +10.8% | −1.5% | −9.1% | +6.9% | +7.5% | −6.2% |
| 2020 | +23.4% | +20.1% | +9.5% | +2.6% | −6.0% | +0.2% | +13.4% | −14.9% | +1.9% | −10.3% | +4.2% | −3.8% |
| 2019 | — | — | — | — | — | — | — | +35.1% | −8.9% | −4.2% | −2.0% | −9.8% |
TMF Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 41.82%
- 3-year Sharpe ratio: -0.64 (vs 4.5% risk-free rate)
- Best month: +29.97% (Nov 2023)
- Worst month: −23.37% (Sep 2023)
TMF Fund Flows
Monthly money in and out of Direxion Daily 20+ Year Treasury Bull 3X Shares, from SEC Form N-PORT.
- 12-month net flow: −$2.6B
- 12-month gross sales (incl. reinvestments): $1.5B
- Sales ÷ redemptions: 0.36×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $406.1M | $145.4M | $260.7M |
| Jun 2026 | $16.4M | $397.7M | −$381.3M |
| May 2026 | $128.6M | $249.8M | −$121.2M |
| Apr 2026 | $52.7M | $236.7M | −$184.0M |
| Mar 2026 | $266.4M | $142.3M | $124.1M |
| Feb 2026 | $62.7M | $580.6M | −$517.9M |
| Jan 2026 | $60.8M | $498.4M | −$437.6M |
| Dec 2025 | $97.4M | $201.5M | −$104.1M |
| Nov 2025 | $109.1M | $196.2M | −$87.1M |
| Oct 2025 | $65.0M | $349.0M | −$284.0M |
| Sep 2025 | $44.7M | $734.8M | −$690.1M |
| Aug 2025 | $155.5M | $292.3M | −$136.8M |
TMF Assets Under Management
Net assets of Direxion Daily 20+ Year Treasury Bull 3X Shares by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $2.20B |
| 2026-04-30 | $2.71B |
| 2026-01-31 | $3.42B |
| 2025-10-31 | $4.52B |
| 2025-07-31 | $5.09B |
| 2025-04-30 | $4.82B |
| 2025-01-31 | $5.40B |
| 2024-10-31 | $6.03B |
| 2024-07-31 | $6.05B |
| 2024-04-30 | $4.19B |
| 2024-01-31 | $4.87B |
| 2023-10-31 | $2.30B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.