TMV vs VTI
Direxion Daily 20+ Year Treasury Bear 3X ETF vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | TMV | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.97% | 0.03% | |
| AUM | $180M | $663.5B | |
| Dividend Yield | 2.60% | 1.07% | |
| Holdings | 9 | 3,543 | |
| YTD Return | +16.60% | +14.22% | |
| 1Y Return | +15.16% | +22.19% | |
| 3Y Return (annualized) | +9.44% | +21.27% | |
| 5Y Return (annualized) | +25.90% | +12.23% | |
| Volatility (annualized) | 40.1% | 15.3% | |
| Max Drawdown | -99.1% | -56.6% | |
| Fund Family | Direxion Shares ETF Trust | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 16, 2009 | May 24, 2001 |
TMV vs VTI Performance
Direxion Daily 20+ Year Treasury Bear 3X ETF (TMV) is a ETF from Direxion Shares ETF Trust and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year TMV returned +15.16% while VTI returned +22.19%. Year to date, TMV is up 16.60% versus a gain of 14.22% for VTI.
Over three years, TMV compounded at +9.44% per year against +21.27% for VTI; over five years the annualized figures are +25.90% and +12.23% respectively. Across the full 17-year window we track, VTI has the edge at +8.14% annualized vs -14.80%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TMV has been the more volatile fund, with annualized monthly volatility of 40.1% compared with 15.3% for VTI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -99.1% for TMV and -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.08. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TMV charges 0.97% per year while VTI charges 0.03%. On a $10,000 position that is $97 vs $3 annually, a gap of $94 per year that compounds over a long holding period. On income, TMV currently yields 2.60% against 1.07% for VTI.
Holdings Overlap
TMV and VTI share 0 holdings out of 2786 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, TMV or VTI?
TMV has an expense ratio of 0.97% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $94 per year of difference.
Which performed better, TMV or VTI?
Over the past year TMV returned +15.16% vs +22.19% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (17 years), TMV annualized -14.80% vs +8.14% for VTI. Past performance does not guarantee future results.
Which is riskier, TMV or VTI?
TMV has been the more volatile fund at 40.1% annualized versus 15.3% for VTI. Worst drawdown: TMV -99.1% vs VTI -56.6%.
Should I hold both TMV and VTI?
TMV and VTI have a monthly-return correlation of 0.08, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TMV and VTI?
TMV and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2786 unique securities.
Which pays a higher dividend, TMV or VTI?
TMV yields 2.60% while VTI yields 1.07%, so TMV currently pays the higher dividend yield.
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