TMV

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

TMV Fund Description

TMV provides -3x daily exposure to a market-value-weighted index of US Treasury bonds with over 20 years to maturity.

TMV Factset Analytics Insight

TMV provides daily inverse (-3x) exposure to the ICE U.S. Treasury 20+ Year Bond Index. Using a combination of swaps and futures, TMV gives investors -3x exposure to daily moves in T-bonds with more than 20 years left to maturity. The daily reset means investors shouldn't expect the leverage factor to hold constant over investment horizons greater than one day. In short, the fund is a valid option for tactical positioning/hedging against rising interest rates, but it's important to keep in mind that the -3x leverage results in greater impact from the effects of compounding. As a levered product, TMV is not a buy-and-hold ETF, it's a short-term tactical instrument. Prior to May 2, 2016, TMV tracked the NYSE 20+Year Treasury Bond Index. The change had minimal impact on investor’s exposure.

PERFORMANCE [as of 05/06/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
TMV -6.82% 13.75% 35.85% 43.78% -28.51% -18.10% -27.60%
TMV (NAV) -5.35% 13.07% 35.52% 36.44% -28.62% -18.41% -27.72%
ICE U.S. Treasury 20+ Year Bond Index 1.79% -5.05% -10.80% -12.79% 7.92% 3.83% 6.74%
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
1.04%
$243.87M
0.05%
TBT, TBF, TTT

TMV Portfolio Data

0.25%
N/A

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
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

TMV Factset Analytics Block Liquidity

As of 05/07/21
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 N/A out of 5.

TMV Tradability

408,182
$31.85M
352,429
$27.58M
0.05%
$0.04
-0.02%
0.59% / -1.16%
None
100.00%
50,000
7.05
0.00%
--
16,016
$73.00
N/A

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.