ARKD vs. TECL
Compare and contrast key facts about ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD) and Direxion Daily Technology Bull 3X Shares (TECL).
ARKD and TECL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKD 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: ARKD or TECL.
Correlation
The correlation between ARKD and TECL is 0.55, 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
ARKD vs. TECL - Performance Comparison
Key characteristics
ARKD:
0.14
TECL:
-0.21
ARKD:
0.58
TECL:
0.29
ARKD:
1.07
TECL:
1.04
ARKD:
0.17
TECL:
-0.28
ARKD:
0.44
TECL:
-0.70
ARKD:
16.47%
TECL:
26.65%
ARKD:
50.89%
TECL:
89.05%
ARKD:
-42.97%
TECL:
-77.96%
ARKD:
-27.36%
TECL:
-51.72%
Returns By Period
In the year-to-date period, ARKD achieves a -14.57% return, which is significantly higher than TECL's -40.25% return.
ARKD
-14.57%
3.28%
6.76%
10.41%
N/A
N/A
TECL
-40.25%
-16.90%
-40.87%
-19.35%
30.29%
30.34%
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ARKD vs. TECL - Expense Ratio Comparison
ARKD has a 0.90% expense ratio, which is lower than TECL's 1.08% expense ratio.
Risk-Adjusted Performance
ARKD vs. TECL — Risk-Adjusted Performance Rank
ARKD
TECL
ARKD vs. TECL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD) 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
ARKD vs. TECL - Dividend Comparison
ARKD's dividend yield for the trailing twelve months is around 14.46%, more than TECL's 0.66% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF | 14.46% | 12.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECL Direxion Daily Technology Bull 3X Shares | 0.66% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
Drawdowns
ARKD vs. TECL - Drawdown Comparison
The maximum ARKD drawdown since its inception was -42.97%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for ARKD and TECL. For additional features, visit the drawdowns tool.
Volatility
ARKD vs. TECL - Volatility Comparison
The current volatility for ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD) is 19.72%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 54.73%. This indicates that ARKD 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.