ARKZ vs. TECL
Compare and contrast key facts about ARK 21Shares Active Ethereum Futures Strategy ETF (ARKZ) and Direxion Daily Technology Bull 3X Shares (TECL).
ARKZ and TECL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARKZ 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: ARKZ or TECL.
Correlation
The correlation between ARKZ and TECL is 0.35, 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
ARKZ vs. TECL - Performance Comparison
Key characteristics
ARKZ:
-0.73
TECL:
-0.45
ARKZ:
-0.89
TECL:
-0.20
ARKZ:
0.89
TECL:
0.97
ARKZ:
-0.78
TECL:
-0.59
ARKZ:
-1.66
TECL:
-1.56
ARKZ:
31.33%
TECL:
25.37%
ARKZ:
71.44%
TECL:
87.53%
ARKZ:
-66.91%
TECL:
-77.96%
ARKZ:
-64.30%
TECL:
-61.20%
Returns By Period
The year-to-date returns for both investments are quite close, with ARKZ having a -53.67% return and TECL slightly higher at -51.99%.
ARKZ
-53.67%
-20.20%
-42.90%
-52.79%
N/A
N/A
TECL
-51.99%
-33.03%
-52.96%
-30.17%
25.06%
28.25%
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ARKZ vs. TECL - Expense Ratio Comparison
ARKZ has a 0.70% expense ratio, which is lower than TECL's 1.08% expense ratio.
Risk-Adjusted Performance
ARKZ vs. TECL — Risk-Adjusted Performance Rank
ARKZ
TECL
ARKZ vs. TECL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ARK 21Shares Active Ethereum Futures Strategy ETF (ARKZ) 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
ARKZ vs. TECL - Dividend Comparison
ARKZ's dividend yield for the trailing twelve months is around 6.07%, more than TECL's 0.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
ARKZ ARK 21Shares Active Ethereum Futures Strategy ETF | 6.07% | 2.88% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECL Direxion Daily Technology Bull 3X Shares | 0.83% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
Drawdowns
ARKZ vs. TECL - Drawdown Comparison
The maximum ARKZ drawdown since its inception was -66.91%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for ARKZ and TECL. For additional features, visit the drawdowns tool.
Volatility
ARKZ vs. TECL - Volatility Comparison
The current volatility for ARK 21Shares Active Ethereum Futures Strategy ETF (ARKZ) is 26.51%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 51.75%. This indicates that ARKZ 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.