BAJFINANCE.NS vs. TECL
Compare and contrast key facts about Bajaj Finance Limited (BAJFINANCE.NS) and Direxion Daily Technology Bull 3X Shares (TECL).
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: BAJFINANCE.NS or TECL.
Key characteristics
| BAJFINANCE.NS | TECL | |
|---|---|---|
| YTD Return | -8.80% | 46.22% |
| 1Y Return | -9.40% | 80.70% |
| 3Y Return (Ann) | -3.98% | 7.77% |
| 5Y Return (Ann) | 9.99% | 37.40% |
| 10Y Return (Ann) | 37.53% | 39.81% |
| Sharpe Ratio | -0.42 | 1.21 |
| Sortino Ratio | -0.43 | 1.73 |
| Omega Ratio | 0.95 | 1.23 |
| Calmar Ratio | -0.47 | 1.71 |
| Martin Ratio | -1.07 | 4.74 |
| Ulcer Index | 9.89% | 16.37% |
| Daily Std Dev | 25.12% | 64.22% |
| Max Drawdown | -90.92% | -77.96% |
| Current Drawdown | -18.14% | -13.21% |
Correlation
The correlation between BAJFINANCE.NS and TECL is 0.12, 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
BAJFINANCE.NS vs. TECL - Performance Comparison
In the year-to-date period, BAJFINANCE.NS achieves a -8.80% return, which is significantly lower than TECL's 46.22% return. Over the past 10 years, BAJFINANCE.NS has underperformed TECL with an annualized return of 37.53%, while TECL has yielded a comparatively higher 39.81% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BAJFINANCE.NS vs. TECL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bajaj Finance Limited (BAJFINANCE.NS) 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
BAJFINANCE.NS vs. TECL - Dividend Comparison
BAJFINANCE.NS's dividend yield for the trailing twelve months is around 0.54%, more than TECL's 0.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAJFINANCE.NS Bajaj Finance Limited | 0.54% | 0.41% | 0.30% | 0.14% | 0.19% | 0.14% | 0.15% | 0.20% | 0.30% | 0.30% | 0.45% | 0.95% |
TECL Direxion Daily Technology Bull 3X Shares | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BAJFINANCE.NS vs. TECL - Drawdown Comparison
The maximum BAJFINANCE.NS drawdown since its inception was -90.92%, which is greater than TECL's maximum drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for BAJFINANCE.NS and TECL. For additional features, visit the drawdowns tool.
Volatility
BAJFINANCE.NS vs. TECL - Volatility Comparison
The current volatility for Bajaj Finance Limited (BAJFINANCE.NS) is 7.57%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 18.51%. This indicates that BAJFINANCE.NS 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.