Direxion Daily 20+ Year Treasury Bear 3X ETF (TMV) — Stock Correlations & Overview
Over the past year, TMV has moved most closely with TBT, TBF, TTT. Explore the stocks most correlated and inversely correlated with TMV below, along with its price, financials, and company profile.
Stocks correlated with TMV
Correlation of daily returns. Higher positive values move with TMV; negative values move opposite it. Informational only, not investment advice.
Most correlated with TMV
| Symbol | Company | Correlation |
|---|---|---|
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | 0.99 |
| TBF | ProShares Short 20+ Year Treasury ETF | 0.98 |
| TTT | ProShares UltraPro Short 20+ Year Treasury | 0.96 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | 0.89 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | 0.89 |
Frequently asked questions about TMV correlations
- Which stocks are most correlated with TMV?
- Based on one year of daily returns, the stocks most correlated with Direxion Daily 20+ Year Treasury Bear 3X ETF (TMV) are TBT (0.99), TBF (0.98) and TTT (0.96). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with TMV?
- Over the past year, the stocks most inversely correlated with Direxion Daily 20+ Year Treasury Bear 3X ETF (TMV) are TMF (-0.99), TLT (-0.99) and IBGL (-0.98). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these TMV correlations calculated?
- We compute the correlation of daily returns between TMV and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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