ARKC vs. TECL
Compare and contrast key facts about ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC) and Direxion Daily Technology Bull 3X Shares (TECL).
ARKC and TECL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKC is an actively managed fund by ARK. It was launched on Nov 14, 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: ARKC or TECL.
Correlation
The correlation between ARKC and TECL is 0.38, 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
ARKC vs. TECL - Performance Comparison
Key characteristics
ARKC:
-0.18
TECL:
-0.07
ARKC:
0.05
TECL:
0.52
ARKC:
1.01
TECL:
1.07
ARKC:
-0.11
TECL:
-0.10
ARKC:
-0.50
TECL:
-0.23
ARKC:
15.33%
TECL:
27.70%
ARKC:
43.62%
TECL:
88.64%
ARKC:
-68.36%
TECL:
-77.96%
ARKC:
-62.33%
TECL:
-46.92%
Returns By Period
In the year-to-date period, ARKC achieves a -10.72% return, which is significantly higher than TECL's -34.31% return.
ARKC
-10.72%
13.07%
-7.09%
-7.63%
N/A
N/A
TECL
-34.31%
51.86%
-28.60%
-16.94%
30.09%
32.01%
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ARKC vs. TECL - Expense Ratio Comparison
ARKC has a 0.93% expense ratio, which is lower than TECL's 1.08% expense ratio.
Risk-Adjusted Performance
ARKC vs. TECL — Risk-Adjusted Performance Rank
ARKC
TECL
ARKC vs. TECL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC) 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
ARKC vs. TECL - Dividend Comparison
ARKC's dividend yield for the trailing twelve months is around 8.87%, more than TECL's 0.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
ARKC ARK 21Shares Active On-Chain Bitcoin Strategy ETF | 8.87% | 8.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECL Direxion Daily Technology Bull 3X Shares | 0.60% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
Drawdowns
ARKC vs. TECL - Drawdown Comparison
The maximum ARKC drawdown since its inception was -68.36%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for ARKC and TECL. For additional features, visit the drawdowns tool.
Volatility
ARKC vs. TECL - Volatility Comparison
The current volatility for ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC) is 12.67%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 49.37%. This indicates that ARKC 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.