# Direxion Daily 20+ Year Treasury Bear 3X Shares (TMV)

> Source: Nexqual · https://nexqual.com/TMV · data as of 2026-10-23 16:19 UTC · cite as "Nexqual, Direxion Daily 20+ Year Treasury Bear 3X Shares (TMV), nexqual.com/TMV" · informational, not investment advice.

**Price:** USD 43.19 (+0.84% today) · US market open, as of October 23, 2026 at 16:19 UTC; quotes may be delayed. Prev close 43.19 · day 42.77–43.46 · 52w 31.91–52.2 · market cap null · PCX

## Key facts
- Total return with dividends: 1Y +35.8% vs S&P 500 +14.7%; 5Y +243.1% vs S&P 500 +77.5%.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +35.8% | +243.1% |
| S&P 500 (SPY) | +14.7% | +77.5% |
| Per year | +35.9% | +28.0% |
| Volatility (annualized) | 28.4% | 43.9% |
| Max drawdown | -15.8% (Oct 2026→Oct 2026) | -46.2% (Oct 2023→Sep 2024) |

## Peers
TYO (Direxion Daily 10-Yr Treasury B) USD 14.79 +0.34% · TMF (Direxion Daily 20-Yr Treasury B) USD 29.55 -0.77% · TYD (Direxion Daily 10-Yr Treasury B) USD 21.11 -0.52% · EDZ (Direxion Emerging Markets Bear ) USD 17.96 -1.25% · DRV (Direxion Daily Real Estate Bear) USD 20.6 -0.77%

## More
Full page: https://nexqual.com/TMV · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 42.7% | ±9.6% |
| 2026-12-18 | 56 | 37.0% | ±11.7% |
| 2027-01-15 | 84 | 43.1% | ±16.5% |
| 2027-02-19 | 119 | 40.5% | ±18.3% |
| 2027-05-21 | 210 | 38.2% | ±22.8% |