COMB vs. TECL
Compare and contrast key facts about GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) and Direxion Daily Technology Bull 3X Shares (TECL).
COMB and TECL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. COMB is an actively managed fund by GraniteShares. It was launched on May 22, 2017. 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: COMB or TECL.
Performance
COMB vs. TECL - Performance Comparison
Returns By Period
In the year-to-date period, COMB achieves a 3.40% return, which is significantly lower than TECL's 33.76% return.
COMB
3.40%
-0.48%
-6.61%
1.28%
6.81%
N/A
TECL
33.76%
-3.73%
5.74%
54.23%
34.47%
38.54%
Key characteristics
| COMB | TECL | |
|---|---|---|
| Sharpe Ratio | 0.13 | 0.83 |
| Sortino Ratio | 0.27 | 1.39 |
| Omega Ratio | 1.03 | 1.19 |
| Calmar Ratio | 0.06 | 1.17 |
| Martin Ratio | 0.30 | 3.22 |
| Ulcer Index | 5.24% | 16.53% |
| Daily Std Dev | 11.93% | 64.51% |
| Max Drawdown | -33.50% | -77.96% |
| Current Drawdown | -20.71% | -20.60% |
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COMB vs. TECL - Expense Ratio Comparison
COMB has a 0.25% expense ratio, which is lower than TECL's 1.08% expense ratio.
Correlation
The correlation between COMB and TECL is 0.21, 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.
Risk-Adjusted Performance
COMB vs. TECL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) 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
COMB vs. TECL - Dividend Comparison
COMB's dividend yield for the trailing twelve months is around 5.63%, more than TECL's 0.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 5.63% | 5.83% | 30.85% | 15.83% | 0.07% | 1.48% | 0.97% | 0.20% |
TECL Direxion Daily Technology Bull 3X Shares | 0.32% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
Drawdowns
COMB vs. TECL - Drawdown Comparison
The maximum COMB drawdown since its inception was -33.50%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for COMB and TECL. For additional features, visit the drawdowns tool.
Volatility
COMB vs. TECL - Volatility Comparison
The current volatility for GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) is 4.02%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 18.96%. This indicates that COMB 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.