All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

TMF: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

TMF real return snapshot: after CPI-U inflation, TMF returned −13.13% over the past year and −15.43% YTD, with dividends reinvested. Since Apr. 16, 2009, TMF is down −79.70% in real purchasing-power return, or −8.82%/yr, and is currently −94.41% below its real total-return high on Mar. 9, 2020.

Data ending Wed Jul. 22, 2026

Growth of $10,000

Thu 2009-04-16💬 to Wed 2026-07-22 Overall
Return 		Exponential
Trendline
TMF × 		−79.70%
−8.82%/yr 		−5.33%/yr
R2=0.154
Direxion Daily 20+ Year Treasury Bull 3X Shares Exchange-Traded Fund

Growth of $10,000 Summary

Thu 2009-04-16💬 to Wed 2026-07-22 Start
Value 		End
Value
TMF × 		$10,000.00
2009-04-16 		$2,030.20
2026-07-22

This Year’s Performance

through 2026-07-22

  YTD YoY
TMF × 		−15.43% −13.13%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
TMF × 		−94.41%
on 2026-07-22
from 2020-03-09 peak 		−94.50%
on 2026-05-19
from 2020-03-09 peak

Rolling Returns

Period ending Wed 2026-07-22 1 yr 2 yr 3 yr 5 yr 10 yr
TMF × 		−13.13% −34.66%
−19.17%/yr 		−56.79%
−24.40%/yr 		−89.88%
−36.76%/yr 		−90.28%
−20.80%/yr

Annual Returns

Year TMF
2026 (YTD) −15.43%
2025 −5.47%
2024 −37.74%
2023 −15.83%
2022 −74.26%
2021 −25.08%
2020 +37.15%
2019 +31.74%
2018 −12.67%
2017 +20.18%
2016 −4.50%
2015 −14.35%
2014 +95.86%
2013 −39.91%
2012 −1.12%
2011 +103.15%
2010 +14.35%
2009 −40.07%