AMZU vs. TECL
Compare and contrast key facts about Direxion Daily AMZN Bull 2X Shares (AMZU) and Direxion Daily Technology Bull 3X Shares (TECL).
AMZU and TECL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMZU is a passively managed fund by Direxion that tracks the performance of the Amazon.com, Inc. (150%). It was launched on Sep 6, 2022. TECL is a passively managed fund by Direxion that tracks the performance of the Technology Select Sector Index (300%). It was launched on Dec 17, 2008. Both AMZU and TECL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AMZU or TECL.
Key characteristics
| AMZU | TECL | |
|---|---|---|
| YTD Return | 22.88% | 23.00% |
| 1Y Return | 28.21% | 63.77% |
| Sharpe Ratio | 0.56 | 1.05 |
| Daily Std Dev | 50.03% | 63.79% |
| Max Drawdown | -55.59% | -77.96% |
| Current Drawdown | -17.41% | -26.99% |
Correlation
The correlation between AMZU and TECL is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AMZU vs. TECL - Performance Comparison
The year-to-date returns for both investments are quite close, with AMZU having a 22.88% return and TECL slightly higher at 23.00%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AMZU vs. TECL - Expense Ratio Comparison
AMZU has a 1.06% expense ratio, which is lower than TECL's 1.08% expense ratio.
Risk-Adjusted Performance
AMZU vs. TECL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bull 2X Shares (AMZU) and Direxion Daily Technology Bull 3X Shares (TECL). 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.
Dividends
AMZU vs. TECL - Dividend Comparison
AMZU's dividend yield for the trailing twelve months is around 3.59%, more than TECL's 0.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
AMZU Direxion Daily AMZN Bull 2X Shares | 3.59% | 3.37% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECL Direxion Daily Technology Bull 3X Shares | 0.34% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
Drawdowns
AMZU vs. TECL - Drawdown Comparison
The maximum AMZU drawdown since its inception was -55.59%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for AMZU and TECL. For additional features, visit the drawdowns tool.
Volatility
AMZU vs. TECL - Volatility Comparison
The current volatility for Direxion Daily AMZN Bull 2X Shares (AMZU) is 18.67%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 25.92%. This indicates that AMZU experiences smaller price fluctuations and is considered to be less risky than TECL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.