TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES
DIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES
$43.00+1.22% today
324452-WK
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET +$4M OVER THIS RANGE
The desk’s read
Money keeps arriving — +$17M of net buying over the past month, about 8.2% of the fund's asset base, while the price has returned +15.1% so far this year.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
$204Massets under management
—expense ratio
+$17Mnet flow, trailing month
1.1Mavg daily volume, 30 days
1holdings · US-domiciled
2024listed February 18, 2024 · beta -0.54
Sector weights
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
| 1 week | +0.1% |
| 1 month | +3.6% |
| 3 months | +8.0% |
| 6 months | +25.2% |
| YTD | +15.1% |
| 1 year | +12.5% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | +$11M |
| 1 month | +$17M |
| 3 months | +$8M |
| YTD | +$12M |
| 1 year | +$4M |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
Monthly net flows
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
35%realized volatility, 30 days (annualized)
28%realized volatility, 1 year
-19.8%deepest fall from a peak, 1 year
-2.4%where it sits vs. that peak today
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Options tape
2Kcalls today
111puts today
0.07put/call ratio
893Kshares traded
The case against TMV
Due diligence cuts both ways. These funds sit on the same shelf and beat TMV on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| SGOV iShares 0-3 Month Treasury Bond ETF | 0.07% | $103.2B | +$4.7B | 506× the assets · +$4.7B in over the month | Head-to-head |
| TLT iShares 20+ Year Treasury Bond ETF | 0.15% | $45.4B | +$4B | 222× the assets · +$4B in over the month | Head-to-head |
| GOVT iShares U.S. Treasury Bond ETF | 0.05% | $43.8B | +$304M | 215× the assets · +$304M in over the month | Head-to-head |
| SHY iShares 1-3 Year Treasury Bond ETF | 0.15% | $25.5B | +$90M | 125× the assets · +$90M in over the month | Head-to-head |
| SHV iShares Short Treasury Bond ETF | 0.15% | $20.8B | +$63M | 102× the assets · +$63M in over the month | Head-to-head |