^SIXY vs. WANT

Last updated Jun 4, 2026

^SIXY (Consumer Discretionary Select Sector Index) is an index, while WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) is Leveraged Equities fund tracking the S&P Consumer Discretionary Select Sector Index (-300%). Over the past 5 years, ^SIXY returned 6.43%/yr vs -5.36%/yr for WANT. With a 0.99 correlation, they move nearly in lockstep.

Performance

^SIXY vs. WANT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Consumer Discretionary Select Sector Index (^SIXY) and Direxion Daily Consumer Discretionary Bull 3X Shares (WANT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ^SIXY achieves a -2.37% return, which is significantly higher than WANT's -14.08% return.

^SIXY

• 1D: -0.73%
• 1M: -0.98%
• YTD: -2.37%
• 6M: -2.31%
• 1Y: 8.40%
• 3Y*: 14.18%
• 5Y*: 6.43%
• 10Y*: 11.47%

WANT

• 1D: -2.18%
• 1M: -3.95%
• YTD: -14.08%
• 6M: -14.66%
• 1Y: 6.37%
• 3Y*: 19.16%
• 5Y*: -5.36%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

^SIXY vs. WANT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
^SIXY Consumer Discretionary Select Sector Index	-2.37%	6.49%	25.46%	38.43%	-36.80%	27.10%	28.30%	26.71%	-7.45%
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	-14.08%	-6.94%	60.52%	114.43%	-83.03%	84.81%	45.26%	90.07%	-24.91%

Correlation

The correlation between ^SIXY and WANT is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Nov 30, 2018	0.99

The correlation between ^SIXY and WANT has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

^SIXY vs. WANT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^SIXY

^SIXY Risk / Return Rank: 27
^SIXY Sharpe Ratio Rank: 27
^SIXY Sortino Ratio Rank: 27
^SIXY Omega Ratio Rank: 26
^SIXY Calmar Ratio Rank: 27
^SIXY Martin Ratio Rank: 30

WANT

WANT Risk / Return Rank: 11
WANT Sharpe Ratio Rank: 10
WANT Sortino Ratio Rank: 13
WANT Omega Ratio Rank: 12
WANT Calmar Ratio Rank: 10
WANT Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^SIXY vs. WANT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Consumer Discretionary Select Sector Index (^SIXY) and Direxion Daily Consumer Discretionary Bull 3X Shares (WANT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	^SIXY	WANT	Difference
Sharpe ratio: Return per unit of total volatility	0.46	0.12	+0.34
Sortino ratio: Return per unit of downside risk	0.77	0.55	+0.21
Omega ratio: Gain probability vs. loss probability	1.09	1.06	+0.03
Calmar ratio: Return relative to maximum drawdown	0.54	0.16	+0.39
Martin ratio: Return relative to average drawdown	1.70	0.42	+1.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^SIXY vs. WANT - Sharpe Ratio Comparison

The current ^SIXY Sharpe Ratio is 0.46, which is higher than the WANT Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of ^SIXY and WANT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	^SIXY	WANT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	0.12	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	-0.08	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.11	+0.57

Drawdowns

^SIXY vs. WANT - Drawdown Comparison

The maximum ^SIXY drawdown since its inception was -40.25%, smaller than the maximum WANT drawdown of -85.89%. Use the drawdown chart below to compare losses from any high point for ^SIXY and WANT.

Drawdown Indicators

	^SIXY	WANT	Difference
Max Drawdown Largest peak-to-trough decline	-40.25%	-85.89%	+45.64%
Max Drawdown (1Y) Largest decline over 1 year	-15.17%	-41.27%	+26.10%
Max Drawdown (3Y) Largest decline over 3 years	-26.21%	-63.53%	+37.32%
Max Drawdown (5Y) Largest decline over 5 years	-40.25%	-85.89%	+45.64%
Max Drawdown (10Y) Largest decline over 10 years	-40.25%	—	—
Current Drawdown Current decline from peak	-6.40%	-58.58%	+52.18%
Average Drawdown Average peak-to-trough decline	-6.85%	-43.07%	+36.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.86%	15.11%	-10.25%

Volatility

^SIXY vs. WANT - Volatility Comparison

The current volatility for Consumer Discretionary Select Sector Index (^SIXY) is 5.22%, while Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) has a volatility of 15.45%. This indicates that ^SIXY experiences smaller price fluctuations and is considered to be less risky than WANT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^SIXY	WANT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.22%	15.45%	-10.23%
Volatility (6M) Calculated over the trailing 6-month period	13.08%	38.86%	-25.78%
Volatility (1Y) Calculated over the trailing 1-year period	17.97%	53.92%	-35.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.71%	70.65%	-46.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.01%	71.50%	-49.49%

Frequently Asked Questions

Can I hold both ^SIXY and WANT in my portfolio?

With a correlation of 1.00, ^SIXY and WANT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ^SIXY or WANT?

WANT has higher volatility (15.45%) compared to ^SIXY (5.22%). In terms of maximum drawdown, ^SIXY dropped -40.25% vs WANT's -85.89%.

Which has better risk-adjusted returns?

^SIXY currently has the higher Sharpe Ratio (0.46 vs 0.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.