Entering text into the input field will update the search result below

TMV: Leveraged Fund Offering -3x Treasuries Returns

Binary Tree Analytics profile picture
Binary Tree Analytics


  • TMV is a highly speculative investment vehicle.
  • The fund had a volatile 2021 performance that peaked at almost +60% in March 2021 on the back of higher 30-year rates.
  • The fund seeks the -3x daily return of the ICE U.S. Treasury 20+ Year Bond Index.

Bond investment table

outline205/iStock via Getty Images


The Direxion Daily 20+ Year Treasury Bull & Bear 3X Shares (NYSEARCA:TMV) seek daily investment results, before fees and expenses, of 300% of the inverse (or opposite), of the performance of the ICE

This article was written by

Binary Tree Analytics profile picture
With a financial services cash and derivatives trading background, Binary Tree Analytics aims to provide transparency and analytics in respect to capital markets instruments and trades.We are reachable at BinaryTreeAnalytics@gmail.com_____________________________http://www.BinaryTreeAnalytics.com

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

Comments (3)

Will McCrady profile picture
Thanks for the article. I generally agree TMV is a good short term hedge. However, your comparison to past Fed cycles is somewhat misplaced. The biggest difference between this cycle and May '13 is white hot inflation. 5-6% inflation is still seen by most to be transitory. If inflation continues at current pace -as I believe it will, the yield on the long bond will explode.
RettW profile picture
Here is a better How To Use than throwing darts at moving Fed Policy:
Adaptive Asset Allocation
Performance period 36 days
Inverse volatility period 6 months
Assets to hold 3
Trade at end of month
Apr 2010-Dec 2021
Avg 6.4% SD 6.7%
Sortino ratio 1.84
Market correlation -0.38
More conservative result when substituting IEI for IEF.
Probably will perform better this year than last.
Binary Tree Analytics profile picture
@RettW hi - thanks for the comment. your strategy trades the entire yield curve rather than the long end - i am not saying one is better than another, just that the article addresses the long end / long duration lens
Disagree with this article? Submit your own. To report a factual error in this article, . Your feedback matters to us!
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.