ARKA vs. TECL
Compare and contrast key facts about ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) and Direxion Daily Technology Bull 3X Shares (TECL).
ARKA and TECL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKA is an actively managed fund by ARK. It was launched on Nov 13, 2023. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARKA or TECL.
Correlation
The correlation between ARKA and TECL is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ARKA vs. TECL - Performance Comparison
Key characteristics
ARKA:
0.46
TECL:
-0.45
ARKA:
1.04
TECL:
-0.20
ARKA:
1.12
TECL:
0.97
ARKA:
0.84
TECL:
-0.59
ARKA:
1.83
TECL:
-1.56
ARKA:
13.88%
TECL:
25.37%
ARKA:
54.77%
TECL:
87.53%
ARKA:
-30.23%
TECL:
-77.96%
ARKA:
-22.49%
TECL:
-61.20%
Returns By Period
In the year-to-date period, ARKA achieves a -10.82% return, which is significantly higher than TECL's -51.99% return.
ARKA
-10.82%
2.97%
22.58%
29.11%
N/A
N/A
TECL
-51.99%
-31.98%
-52.64%
-36.90%
23.73%
28.58%
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ARKA vs. TECL - Expense Ratio Comparison
ARKA has a 0.70% expense ratio, which is lower than TECL's 1.08% expense ratio.
Risk-Adjusted Performance
ARKA vs. TECL — Risk-Adjusted Performance Rank
ARKA
TECL
ARKA vs. TECL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) 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
ARKA vs. TECL - Dividend Comparison
ARKA's dividend yield for the trailing twelve months is around 32.50%, more than TECL's 0.82% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
ARKA ARK 21Shares Active Bitcoin Futures Strategy ETF | 32.50% | 28.48% | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECL Direxion Daily Technology Bull 3X Shares | 0.82% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
Drawdowns
ARKA vs. TECL - Drawdown Comparison
The maximum ARKA drawdown since its inception was -30.23%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for ARKA and TECL. For additional features, visit the drawdowns tool.
Volatility
ARKA vs. TECL - Volatility Comparison
The current volatility for ARK 21Shares Active Bitcoin Futures Strategy ETF (ARKA) is 16.19%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 51.75%. This indicates that ARKA 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.