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BULZ vs. TECL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

BULZ vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) and Direxion Daily Technology Bull 3X Shares (TECL). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%JuneJulyAugustSeptemberOctoberNovember
19.15%
5.20%
BULZ
TECL

Returns By Period

In the year-to-date period, BULZ achieves a 55.33% return, which is significantly higher than TECL's 33.76% return.


BULZ

YTD

55.33%

1M

10.53%

6M

19.14%

1Y

80.52%

5Y (annualized)

N/A

10Y (annualized)

N/A

TECL

YTD

33.76%

1M

-3.73%

6M

5.74%

1Y

54.23%

5Y (annualized)

34.47%

10Y (annualized)

38.54%

Key characteristics


BULZTECL
Sharpe Ratio1.250.83
Sortino Ratio1.771.39
Omega Ratio1.231.19
Calmar Ratio1.141.17
Martin Ratio4.373.22
Ulcer Index20.03%16.53%
Daily Std Dev70.24%64.51%
Max Drawdown-94.44%-77.96%
Current Drawdown-52.78%-20.60%

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BULZ vs. TECL - Expense Ratio Comparison

BULZ has a 0.95% expense ratio, which is lower than TECL's 1.08% expense ratio.


TECL
Direxion Daily Technology Bull 3X Shares
Expense ratio chart for TECL: current value at 1.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.08%
Expense ratio chart for BULZ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Correlation

-0.50.00.51.00.9

The correlation between BULZ and TECL is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Risk-Adjusted Performance

BULZ vs. TECL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) 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.


Sharpe ratio
The chart of Sharpe ratio for BULZ, currently valued at 1.25, compared to the broader market0.002.004.001.250.84
The chart of Sortino ratio for BULZ, currently valued at 1.77, compared to the broader market-2.000.002.004.006.008.0010.001.771.40
The chart of Omega ratio for BULZ, currently valued at 1.23, compared to the broader market0.501.001.502.002.503.001.231.19
The chart of Calmar ratio for BULZ, currently valued at 1.14, compared to the broader market0.005.0010.0015.001.141.20
The chart of Martin ratio for BULZ, currently valued at 4.37, compared to the broader market0.0020.0040.0060.0080.00100.004.373.27
BULZ
TECL

The current BULZ Sharpe Ratio is 1.25, which is higher than the TECL Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of BULZ and TECL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
1.25
0.84
BULZ
TECL

Dividends

BULZ vs. TECL - Dividend Comparison

BULZ has not paid dividends to shareholders, while TECL's dividend yield for the trailing twelve months is around 0.32%.


TTM2023202220212020201920182017
BULZ
MicroSectors Solactive FANG & Innovation 3X Leveraged ETN
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TECL
Direxion Daily Technology Bull 3X Shares
0.32%0.28%0.22%0.32%0.52%0.25%0.47%0.10%

Drawdowns

BULZ vs. TECL - Drawdown Comparison

The maximum BULZ drawdown since its inception was -94.44%, which is greater than TECL's maximum drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for BULZ and TECL. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-52.78%
-20.60%
BULZ
TECL

Volatility

BULZ vs. TECL - Volatility Comparison

MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has a higher volatility of 23.00% compared to Direxion Daily Technology Bull 3X Shares (TECL) at 18.88%. This indicates that BULZ's price experiences larger fluctuations and is considered to be riskier than TECL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%30.00%35.00%JuneJulyAugustSeptemberOctoberNovember
23.00%
18.88%
BULZ
TECL