---
ticker: "TMV"
name: "Direxion Daily 20+ Year Treasury Bear 3X ETF"
url: "https://etf.net/etf/TMV"
grade: "B"
score: 62
graded_at: "2026-10-12"
category: "Inverse Treasury"
category_rank: "2 of 7"
methodology: "https://etf.net/methodology"
---

# TMV: Direxion Daily 20+ Year Treasury Bear 3X ETF

Grade **B**, Score 62 of 100. Rank 2 of 7 in Inverse Treasury.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 75 | 2 of 7 |
| Mission | Not scored | — |
| Risk | 44 | 6 of 7 |
| Tradability | 74 | 1 of 7 |
| Holdings | 42 | 6 of 7 |
| Durability | 56 | 3 of 7 |

## Top holdings

The fund holds 6 positions. These are the largest 6, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Tlt Swap Asset Leg (Tltbps) | 37.89% |
| 2 | — | Tlt Swap Asset Leg (Tltgss) | 32.86% |
| 3 | — | Tlt Swap Asset Leg (Tltubs) | 26.14% |
| 4 | — | Tlt Swap Asset Leg (Tltcts) | 19.96% |
| 5 | — | Tlt Swap Asset Leg (Tltmls) | 18.43% |
| 6 | — | Tlt Swap Asset Leg (Tltjps) | 15.15% |

Source: etf.net, https://etf.net/etf/TMV. Please cite the page URL.