TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARESINDEX
DIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES
$42.83-5.49% vs prior close
325152-WK
Price through Oct 22, 2026 · Flows through Oct 22, 2026. Figures use the latest available records, not a live quote. Fund details retrieved Oct 22, 2026. Holdings snapshot retrieved Oct 22, 2026.
TMV price
Source: Market tape, daily closes; price return, distributions not reinvested
Table
| Date | TMV close |
|---|---|
| Oct 22, 2025 | $31.94 |
| Oct 23, 2025 | $32.59 |
| Oct 24, 2025 | $32.65 |
| Oct 27, 2025 | $32.31 |
| Oct 28, 2025 | $32.05 |
| Oct 29, 2025 | $33.10 |
| Oct 30, 2025 | $33.64 |
| Oct 31, 2025 | $33.95 |
| Nov 3, 2025 | $34.30 |
| Nov 4, 2025 | $34.05 |
| Nov 5, 2025 | $35.18 |
| Nov 6, 2025 | $34.25 |
| Nov 7, 2025 | $34.47 |
| Nov 10, 2025 | $34.59 |
| Nov 11, 2025 | $34.10 |
| Nov 12, 2025 | $33.91 |
| Nov 13, 2025 | $34.72 |
| Nov 14, 2025 | $35.40 |
| Nov 17, 2025 | $35.14 |
| Nov 18, 2025 | $35.24 |
| Nov 19, 2025 | $35.40 |
| Nov 20, 2025 | $35.05 |
| Nov 21, 2025 | $34.76 |
| Nov 24, 2025 | $34.19 |
| Nov 25, 2025 | $33.96 |
| Nov 26, 2025 | $33.53 |
| Nov 28, 2025 | $34.06 |
| Dec 1, 2025 | $35.31 |
| Dec 2, 2025 | $35.29 |
| Dec 3, 2025 | $35.04 |
| Dec 4, 2025 | $35.59 |
| Dec 5, 2025 | $36.15 |
| Dec 8, 2025 | $36.48 |
| Dec 9, 2025 | $36.42 |
| Dec 10, 2025 | $36.05 |
| Dec 11, 2025 | $36.14 |
| Dec 12, 2025 | $37.27 |
| Dec 15, 2025 | $37.18 |
| Dec 16, 2025 | $36.54 |
| Dec 17, 2025 | $36.68 |
| Dec 18, 2025 | $36.23 |
| Dec 19, 2025 | $36.74 |
| Dec 22, 2025 | $36.91 |
| Dec 23, 2025 | $36.61 |
| Dec 24, 2025 | $36.02 |
| Dec 26, 2025 | $36.40 |
| Dec 29, 2025 | $36.04 |
| Dec 30, 2025 | $36.23 |
| Dec 31, 2025 | $37.16 |
| Jan 2, 2026 | $37.35 |
| Jan 5, 2026 | $36.84 |
| Jan 6, 2026 | $37.04 |
| Jan 7, 2026 | $36.41 |
| Jan 8, 2026 | $37.01 |
| Jan 9, 2026 | $36.31 |
| Jan 12, 2026 | $36.64 |
| Jan 13, 2026 | $36.49 |
| Jan 14, 2026 | $35.87 |
| Jan 15, 2026 | $35.90 |
| Jan 16, 2026 | $36.57 |
| Jan 20, 2026 | $38.03 |
| Jan 21, 2026 | $37.17 |
| Jan 22, 2026 | $36.69 |
| Jan 23, 2026 | $36.49 |
| Jan 26, 2026 | $35.95 |
| Jan 27, 2026 | $36.62 |
| Jan 28, 2026 | $36.90 |
| Jan 29, 2026 | $36.87 |
| Jan 30, 2026 | $37.48 |
| Feb 2, 2026 | $37.88 |
| Feb 3, 2026 | $37.64 |
| Feb 4, 2026 | $37.90 |
| Feb 5, 2026 | $36.74 |
| Feb 6, 2026 | $36.70 |
| Feb 9, 2026 | $36.72 |
| Feb 10, 2026 | $35.44 |
| Feb 11, 2026 | $36.04 |
| Feb 12, 2026 | $34.59 |
| Feb 13, 2026 | $34.13 |
| Feb 17, 2026 | $33.94 |
| Feb 18, 2026 | $34.34 |
| Feb 19, 2026 | $34.21 |
| Feb 20, 2026 | $34.51 |
| Feb 23, 2026 | $34.16 |
| Feb 24, 2026 | $34.00 |
| Feb 25, 2026 | $34.01 |
| Feb 26, 2026 | $33.59 |
| Feb 27, 2026 | $33.12 |
| Mar 2, 2026 | $34.04 |
| Mar 3, 2026 | $34.26 |
| Mar 4, 2026 | $34.59 |
| Mar 5, 2026 | $35.00 |
| Mar 6, 2026 | $35.42 |
| Mar 9, 2026 | $34.59 |
| Mar 10, 2026 | $35.64 |
| Mar 11, 2026 | $37.01 |
| Mar 12, 2026 | $37.28 |
| Mar 13, 2026 | $37.86 |
| Mar 16, 2026 | $37.02 |
| Mar 17, 2026 | $36.70 |
| Mar 18, 2026 | $37.37 |
| Mar 19, 2026 | $36.67 |
| Mar 20, 2026 | $38.79 |
| Mar 23, 2026 | $38.06 |
| Mar 24, 2026 | $38.20 |
| Mar 25, 2026 | $37.14 |
| Mar 26, 2026 | $38.05 |
| Mar 27, 2026 | $38.77 |
| Mar 30, 2026 | $37.23 |
| Mar 31, 2026 | $37.36 |
| Apr 1, 2026 | $37.45 |
| Apr 2, 2026 | $36.86 |
| Apr 6, 2026 | $37.02 |
| Apr 7, 2026 | $37.06 |
| Apr 8, 2026 | $36.73 |
| Apr 9, 2026 | $36.98 |
| Apr 10, 2026 | $37.30 |
| Apr 13, 2026 | $37.00 |
| Apr 14, 2026 | $36.43 |
| Apr 15, 2026 | $36.92 |
| Apr 16, 2026 | $37.61 |
| Apr 17, 2026 | $36.66 |
| Apr 20, 2026 | $36.69 |
| Apr 21, 2026 | $37.33 |
| Apr 22, 2026 | $37.07 |
| Apr 23, 2026 | $37.34 |
| Apr 24, 2026 | $37.25 |
| Apr 27, 2026 | $37.79 |
| Apr 28, 2026 | $37.71 |
| Apr 29, 2026 | $38.56 |
| Apr 30, 2026 | $38.71 |
| May 1, 2026 | $38.36 |
| May 4, 2026 | $39.19 |
| May 5, 2026 | $38.62 |
| May 6, 2026 | $37.73 |
| May 7, 2026 | $38.25 |
| May 8, 2026 | $37.82 |
| May 11, 2026 | $38.45 |
| May 12, 2026 | $39.29 |
| May 13, 2026 | $39.55 |
| May 14, 2026 | $39.39 |
| May 15, 2026 | $41.15 |
| May 18, 2026 | $41.33 |
| May 19, 2026 | $42.21 |
| May 20, 2026 | $40.81 |
| May 21, 2026 | $40.38 |
| May 22, 2026 | $39.81 |
| May 26, 2026 | $39.25 |
| May 27, 2026 | $38.94 |
| May 28, 2026 | $38.38 |
| May 29, 2026 | $38.40 |
| Jun 1, 2026 | $38.34 |
| Jun 2, 2026 | $38.10 |
| Jun 3, 2026 | $38.53 |
| Jun 4, 2026 | $38.31 |
| Jun 5, 2026 | $38.97 |
| Jun 8, 2026 | $39.57 |
| Jun 9, 2026 | $38.89 |
| Jun 10, 2026 | $39.20 |
| Jun 11, 2026 | $37.75 |
| Jun 12, 2026 | $38.09 |
| Jun 15, 2026 | $38.14 |
| Jun 16, 2026 | $37.50 |
| Jun 17, 2026 | $37.39 |
| Jun 18, 2026 | $36.91 |
| Jun 22, 2026 | $37.76 |
| Jun 23, 2026 | $37.32 |
| Jun 24, 2026 | $35.83 |
| Jun 25, 2026 | $35.92 |
| Jun 26, 2026 | $35.94 |
| Jun 29, 2026 | $35.86 |
| Jun 30, 2026 | $37.06 |
| Jul 1, 2026 | $37.86 |
| Jul 2, 2026 | $37.90 |
| Jul 6, 2026 | $38.02 |
| Jul 7, 2026 | $39.30 |
| Jul 8, 2026 | $39.54 |
| Jul 9, 2026 | $39.39 |
| Jul 10, 2026 | $39.40 |
| Jul 13, 2026 | $40.16 |
| Jul 14, 2026 | $40.02 |
| Jul 15, 2026 | $39.85 |
| Jul 16, 2026 | $39.86 |
| Jul 17, 2026 | $39.53 |
| Jul 20, 2026 | $40.34 |
| Jul 21, 2026 | $40.77 |
| Jul 22, 2026 | $41.13 |
| Jul 23, 2026 | $41.51 |
| Jul 24, 2026 | $41.40 |
| Jul 27, 2026 | $40.67 |
| Jul 28, 2026 | $40.02 |
| Jul 29, 2026 | $41.95 |
| Jul 30, 2026 | $42.12 |
| Jul 31, 2026 | $42.96 |
| Aug 3, 2026 | $42.54 |
| Aug 4, 2026 | $41.59 |
| Aug 5, 2026 | $41.33 |
| Aug 6, 2026 | $42.10 |
| Aug 7, 2026 | $41.79 |
| Aug 10, 2026 | $42.90 |
| Aug 11, 2026 | $42.67 |
| Aug 12, 2026 | $42.84 |
| Aug 13, 2026 | $42.13 |
| Aug 14, 2026 | $42.97 |
| Aug 17, 2026 | $44.05 |
| Aug 18, 2026 | $43.60 |
| Aug 19, 2026 | $41.47 |
| Aug 20, 2026 | $42.48 |
| Aug 21, 2026 | $43.00 |
| Aug 24, 2026 | $42.20 |
| Aug 25, 2026 | $40.81 |
| Aug 26, 2026 | $41.05 |
| Aug 27, 2026 | $41.31 |
| Aug 28, 2026 | $41.79 |
| Aug 31, 2026 | $42.36 |
| Sep 1, 2026 | $42.88 |
| Sep 2, 2026 | $42.79 |
| Sep 3, 2026 | $42.58 |
| Sep 4, 2026 | $42.40 |
| Sep 8, 2026 | $42.44 |
| Sep 9, 2026 | $43.22 |
| Sep 10, 2026 | $44.69 |
| Sep 11, 2026 | $44.65 |
| Sep 14, 2026 | $44.55 |
| Sep 15, 2026 | $44.96 |
| Sep 16, 2026 | $44.69 |
| Sep 17, 2026 | $43.19 |
| Sep 18, 2026 | $44.10 |
| Sep 21, 2026 | $43.25 |
| Sep 22, 2026 | $43.11 |
| Sep 23, 2026 | $45.18 |
| Sep 24, 2026 | $46.88 |
| Sep 25, 2026 | $47.11 |
| Sep 28, 2026 | $48.43 |
| Sep 29, 2026 | $49.11 |
| Sep 30, 2026 | $49.89 |
| Oct 1, 2026 | $49.63 |
| Oct 2, 2026 | $50.13 |
| Oct 5, 2026 | $50.84 |
| Oct 6, 2026 | $50.51 |
| Oct 7, 2026 | $50.79 |
| Oct 8, 2026 | $49.45 |
| Oct 9, 2026 | $49.27 |
| Oct 12, 2026 | $49.20 |
| Oct 13, 2026 | $48.64 |
| Oct 14, 2026 | $47.65 |
| Oct 15, 2026 | $45.66 |
| Oct 16, 2026 | $45.67 |
| Oct 19, 2026 | $46.58 |
| Oct 20, 2026 | $45.51 |
| Oct 21, 2026 | $45.32 |
| Oct 22, 2026 | $42.83 |
Monthly net flows, Max
Net outflow over the range: −$54M
- Inflow / above zero
- Outflow / below zero
Source: Daily creation and redemption records
Show as table
| Label | Value ($) |
|---|---|
| Aug ’24 | $1.4M |
| Sep ’24 | $3.9M |
| Oct ’24 | −$34.8M |
| Nov ’24 | $10.6M |
| Dec ’24 | −$24.1M |
| Jan ’25 | $4.8M |
| Feb ’25 | $9.9M |
| Mar ’25 | −$5.5M |
| Apr ’25 | −$10.9M |
| May ’25 | −$2.3M |
| Jun ’25 | $5.8M |
| Jul ’25 | −$6M |
| Aug ’25 | −$1.9M |
| Sep ’25 | $15.8M |
| Oct ’25 | −$5.5M |
| Nov ’25 | −$8.6M |
| Dec ’25 | −$9.1M |
| Jan ’26 | −$3.7M |
| Feb ’26 | $8.8M |
| Mar ’26 | $750K |
| Apr ’26 | −$3.8M |
| May ’26 | $6M |
| Jun ’26 | −$11.1M |
| Jul ’26 | $50K |
| Aug ’26 | $14.8M |
| Sep ’26 | $4.5M |
| Oct ’26 | −$13.3M |
The desk’s read
Money is leaving — −$15M in net outflows over the past month, about 7.5% of the fund's asset base, while the price has returned +15.3% so far this year.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
$206Massets under management
—expense ratio
−$15Mnet flow, trailing month
1.5Mavg daily volume, 30 days
1holdings · US-domiciled
2024listed February 19, 2024 · beta -0.64
Sector weights
- Cash100%
- Cash & Others100%
- Other100%
Source: Portfolio composition, latest disclosure
Show as table
| Item | Value (%) |
|---|---|
| Cash | 100% |
| Cash & Others | 100% |
| Other | 100% |
Country weights
- United States100%
- Other100%
Source: Portfolio composition, latest disclosure
Show as table
| Item | Value (%) |
|---|---|
| United States | 100% |
| Other | 100% |
Performance
| 1 week | -6.2% |
| 1 month | -0.6% |
| 3 months | +4.1% |
| 6 months | +16.7% |
| YTD | +15.3% |
| 1 year | +34.1% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | −$18M |
| 1 month | −$15M |
| 3 months | +$8M |
| YTD | +$3M |
| 1 year | −$16M |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
Monthly net flows
- Inflow / above zero
- Outflow / below zero
Source: Daily creation/redemption records, trailing twelve months
Show as table
| Label | Value ($) |
|---|---|
| Nov | −$8.6M |
| Dec | −$9.1M |
| Jan | −$3.7M |
| Feb | $8.8M |
| Mar | $750K |
| Apr | −$3.8M |
| May | $6M |
| Jun | −$11.1M |
| Jul | $50K |
| Aug | $14.8M |
| Sep | $4.5M |
| Oct | −$13.3M |
The risk read
39%realized volatility, 30 days (annualized)
28%realized volatility, 1 year
-15.8%deepest fall from a peak, 1 year
-15.8%latest close versus that peak
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Options tape
603calls · latest snapshot
852puts · latest snapshot
1.41put/call ratio
1.6Mshares 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 | |
|---|---|---|---|---|---|
| IJH iShares Core S&P Mid-Cap ETF | 0.05% | $123.5B | +$2.3B | 600× the assets · +$2.3B in over the month | Head-to-head |
| SGOV iShares 0-3 Month Treasury Bond ETF | 0.07% | $113.5B | +$6.2B | 551× the assets · +$6.2B in over the month | Head-to-head |
| IJR iShares Core S&P Small-Cap ETF | 0.06% | $104.3B | +$383M | 506× the assets · +$383M in over the month | Head-to-head |
| BIL State Street SPDR Bloomberg 1-3 Month T-Bill ETF | 0.14% | $50.8B | +$1.2B | 247× the assets · +$1.2B in over the month | Head-to-head |
| IUSB iShares Core Total USD Bond Market ETF | 0.06% | $48.1B | +$5.2B | 234× the assets · +$5.2B in over the month | Head-to-head |