TMVDirexion Daily 20+ Year Treasury Bear 3X Shares
Seeks daily investment results of 300% of the inverse of the daily performance of the Index.
By Direxion Funds · Launched 2009
Annual Cost
0.97%
#5,177 of 6,040 · expensive
Fund Size
$201M
#2,449 of 6,040 · mid-size
Return (1Y)
+30.4%
Track Record
17 years
#661 of 6,040 · established
Performance
Total-return NAV · USDGrowth of $10,000
$13,991+39.9%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaStrategy
Inverse
Index tracked
ICE US Treasury 20+ Year Bond Index
Holdings
By weightConcentration
synthetic exposure — holdings shown are derivatives collateral, not the fund's positions
DREYFUS GOVERNMENT CASH MANAGE
56.6%
GOLDMAN FINANCIAL
34.8%
DREYFUS
8.1%
N/A
2.2%
N/A
1.6%
N/A
1.5%
N/A
1.4%
N/A
1.0%
N/A
0.9%
Asset allocation
Cash
83.5%
Stocks
13.7%
Bonds
2.9%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
27.2%High
Year-on-year price swings
Max drawdown
-82.2%Severe
Worst peak-to-trough loss
Sharpe (3Y)
0.32Below average
Sortino (3Y)
0.46Moderate downside risk
Bond profile
Credit ratings
US Government
2.9%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks daily investment results of 300% of the inverse of the daily performance of the Index.
- Strategy
- Invests at least 80% of net assets in financial instruments, including swap agreements and futures contracts, to provide 3X daily inverse exposure to the Index. The Fund is non-diversified and may have high portfolio turnover due to daily rebalancing.
- Inception date
- April 16, 2009
- Fund family
- Direxion Funds
Similar funds
Same asset class, closest by strategy & exposureNext steps
Save TMV to compare it with other funds, or start building a portfolio.
Data updated on 2026-09-18