TMV

Direxion Daily 20+ Year Treasury Bear 3x Shares
*Unless otherwise stated, data provided by FactSet.

TMV Fund Description

The Direxion Daily 20+ Year Treasury Bear 3x Shares ETF provides -3x daily exposure to an index of U.S. Treasury bonds with over 20 years to maturity.

TMV Factset Analytics Insight

TMV delivers a highly potent, but volatile, solution to betting on rising rates. The fund uses swaps to deliver the daily returns of a 3x short position in Treasury bonds with more than 20 years left to maturity. This results in highly negative duration. The daily reset, combined with -3x leverage, can lead to significant deviations in performance over longer holding periods than a day. As such, long-term speculative positions, especially in oscillating markets, aren’t advised. TMV provides decent tradability, cost, and assets under management considering the exposure provided. Prior to May 2, 2016, TMV tracked the NYSE 20+Year Treasury Bond Index. The change is not expected to have a material impact on exposure or performance.

TMV CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 09/24/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
TMV 14.15% 8.15% 20.40% 14.67% -9.11% -20.62% --
TMV (NAV) 14.13% 8.05% 21.03% 14.57% -9.10% -20.59% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

TMV Summary Data

Direxion
04/16/09
Open-Ended Fund
1.02%
$379.06M
0.05%

TMV Portfolio Data

0.03%
09/25/18

TMV Index Data

Market Value
Market Value
N/A

TMV Fund Structure

Yes
No
No Policy
N/A
N/A
Low
-3
Daily

TMV Tax Exposures

20.00% / 39.60%
--
No
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

TMV Factset Analytics Block Liquidity

As of 09/25/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of TMV. TMV is rated a 5 out of 5.

TMV Tradability

577,355
$11.06M
486,270
$9.46M
0.05%
$0.01
0.00%
0.51% / -0.90%
None
0.00%
50,000
9.73
0.00%
1.56%
19,277
$21.22
5

Options Strategies for Outcome Investing

Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.