{"url":"https://etfiq.com/compare/leverage/tmf-vs-ttt","section":"compare","title":"TMF vs TTT: which held to its multiple? | ETFIQ","description":"TMF sets out to return +3 times TLT each day and TTT -3 times. Over the three months to Sep 30, 2026 they finished \u22120.3 pts and +6.9 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, TMF or TTT?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, TMF finished 0.3 points from what its multiple implies and TTT finished 6.9 points from its own, so TMF came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are TMF and TTT levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on 20-year Treasuries, TMF at +3 times and TTT at -3 times the daily move."}},{"@type":"Question","name":"Which one decays faster, TMF or TTT?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window TMF\u2019s moved at 10% annualized and TTT\u2019s at 10%, so TMF has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold TMF or TTT for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, TMF or TTT?","acceptedAnswer":{"@type":"Answer","text":"TMF charges 0.90% a year and TTT charges 0.95%, so TMF is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"TMF vs TTT","item":"https://etfiq.com/compare/leverage/tmf-vs-ttt"}]},{"@type":"WebPage","name":"TMF vs TTT: which held to its multiple?","description":"TMF sets out to return +3 times TLT each day and TTT -3 times. Over the three months to Sep 30, 2026 they finished \u22120.3 pts and +6.9 pts away.","url":"https://etfiq.com/compare/leverage/tmf-vs-ttt","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, TMF finished 1.8 points short and TTT 4.0 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of TMF and TTT","description":"TMF sets out to return +3 times TLT each day and TTT -3 times. Over the three months to Sep 30, 2026 they finished \u22120.3 pts and +6.9 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/tmf-vs-ttt","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7104,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / TMF vs TTT \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n TMF vs TTT: which held to its multiple?\n\n Over three months against its own daily promise, TMF finished 1.8 points short and TTT 4.0 points over.\n Copy this for sharing \n \n Direxion Daily 20+ Year Treasury Bull 3X ETF and ProShares UltraPro Short 20+ Year Treasury.\n\n Download as PDF \n\n \u221225.3% TMF returned, 3 months \n +31.9% TTT returned, 3 months \n \u22120.3 pts TMF from its stated multiple \n +6.9 pts TTT from its stated multiple \n\n ETFIQ Decay Resistance Score: TTT scores high","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/tmf-vs-ttt","a":{"ticker":"TMF","name":"Direxion Daily 20+ Year Treasury Bull 3X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: TMF returned \u221225.3% where its own daily promise gave \u221223.6%, 1.8 points short.","url":"https://etfiq.com/funds/tmf","key_facts":[{"label":"What TLT did","value":"\u22128.3%","as_of":"2026-09-30","source":null},{"label":"What 3 times a day gives","value":"\u221223.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221225.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.8 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$2.0bn","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.90%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"b":{"ticker":"TTT","name":"ProShares UltraPro Short 20+ Year Treasury","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: TTT returned +31.9% where its own daily promise gave +27.9%, 4.0 points over.","url":"https://etfiq.com/funds/ttt","key_facts":[{"label":"What TLT did","value":"\u22128.3%","as_of":"2026-09-30","source":null},{"label":"What \u22123 times a day gives","value":"+27.9%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+31.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+4.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$26m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/tmf-vs-ttt"}