5 Best Performing Bond ETFs in 2023

3. Direxion Daily 20+ Year Treasury Bear 3X Shares (NYSE:TMV)

Year To Date Share Price Gains: 10.91%

The Direxion Daily 20+ Year Treasury Bear 3X Shares (NYSE:TMV) is a sizeable exchange traded fund with $284 million in net assets. Like the ProShares UltraShort ETFs that we’ve covered earlier, this fund also seeks to bet against 20 year U.S. Treasury Bonds. It seeks to offer three times the returns in opposite movements of a 20 year bond index, which is an ambitious investment objective, to say the least. Most of its holdings are concentrated in a Goldman Sachs money market portfolio of short term U.S. debt obligations.