ARKY vs. TECL
Compare and contrast key facts about ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) and Direxion Daily Technology Bull 3X Shares (TECL).
ARKY and TECL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKY 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: ARKY or TECL.
Correlation
The correlation between ARKY 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
ARKY vs. TECL - Performance Comparison
Key characteristics
ARKY:
-0.28
TECL:
-0.45
ARKY:
-0.04
TECL:
-0.20
ARKY:
1.00
TECL:
0.97
ARKY:
-0.38
TECL:
-0.59
ARKY:
-0.80
TECL:
-1.56
ARKY:
20.00%
TECL:
25.37%
ARKY:
56.60%
TECL:
87.53%
ARKY:
-42.10%
TECL:
-77.96%
ARKY:
-31.21%
TECL:
-61.20%
Returns By Period
In the year-to-date period, ARKY achieves a -20.59% return, which is significantly higher than TECL's -51.99% return.
ARKY
-20.59%
-0.48%
4.40%
-3.20%
N/A
N/A
TECL
-51.99%
-34.63%
-52.96%
-34.59%
23.73%
28.63%
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ARKY vs. TECL - Expense Ratio Comparison
ARKY has a 1.00% expense ratio, which is lower than TECL's 1.08% expense ratio.
Risk-Adjusted Performance
ARKY vs. TECL — Risk-Adjusted Performance Rank
ARKY
TECL
ARKY vs. TECL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) 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
ARKY vs. TECL - Dividend Comparison
ARKY's dividend yield for the trailing twelve months is around 23.54%, more than TECL's 0.82% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
ARKY ARK 21Shares Active Bitcoin Ethereum Strategy ETF | 23.54% | 19.02% | 0.00% | 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
ARKY vs. TECL - Drawdown Comparison
The maximum ARKY drawdown since its inception was -42.10%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for ARKY and TECL. For additional features, visit the drawdowns tool.
Volatility
ARKY vs. TECL - Volatility Comparison
The current volatility for ARK 21Shares Active Bitcoin Ethereum Strategy ETF (ARKY) is 0.45%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 51.75%. This indicates that ARKY 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.