CTCAX vs. TECL
Compare and contrast key facts about Columbia Global Technology Growth Fund Class A (CTCAX) and Direxion Daily Technology Bull 3X Shares (TECL).
CTCAX is managed by Columbia. It was launched on Nov 9, 2000. 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.
Performance
CTCAX vs. TECL - Performance Comparison
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CTCAX vs. TECL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CTCAX Columbia Global Technology Growth Fund Class A | -6.10% | 24.78% | 31.39% | 56.46% | -34.81% | 22.73% | 49.46% | 43.91% | -1.48% | 42.99% |
TECL Direxion Daily Technology Bull 3X Shares | -23.03% | 38.60% | 36.15% | 203.14% | -74.32% | 112.80% | 69.46% | 185.58% | -24.03% | 124.82% |
Returns By Period
In the year-to-date period, CTCAX achieves a -6.10% return, which is significantly higher than TECL's -23.03% return. Over the past 10 years, CTCAX has underperformed TECL with an annualized return of 20.80%, while TECL has yielded a comparatively higher 37.79% annualized return.
CTCAX
- 1D
- 4.59%
- 1M
- -5.90%
- YTD
- -6.10%
- 6M
- -5.08%
- 1Y
- 32.32%
- 3Y*
- 25.70%
- 5Y*
- 12.94%
- 10Y*
- 20.80%
TECL
- 1D
- 4.38%
- 1M
- -11.82%
- YTD
- -23.03%
- 6M
- -24.85%
- 1Y
- 61.22%
- 3Y*
- 37.70%
- 5Y*
- 17.45%
- 10Y*
- 37.79%
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CTCAX vs. TECL - Expense Ratio Comparison
CTCAX has a 1.18% expense ratio, which is higher than TECL's 1.08% expense ratio.
Return for Risk
CTCAX vs. TECL — Risk / Return Rank
CTCAX
TECL
CTCAX vs. TECL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Global Technology Growth Fund Class A (CTCAX) 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.
| CTCAX | TECL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 0.77 | +0.47 |
Sortino ratioReturn per unit of downside risk | 1.84 | 1.49 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.30 | 1.38 | +0.92 |
Martin ratioReturn relative to average drawdown | 8.07 | 3.85 | +4.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CTCAX | TECL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.77 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.24 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.53 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.63 | +0.08 |
Correlation
The correlation between CTCAX and TECL is 0.95, 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.
Dividends
CTCAX vs. TECL - Dividend Comparison
CTCAX's dividend yield for the trailing twelve months is around 3.50%, less than TECL's 9.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTCAX Columbia Global Technology Growth Fund Class A | 3.50% | 3.29% | 1.08% | 2.36% | 3.53% | 4.15% | 0.91% | 2.55% | 5.82% | 3.52% | 0.36% | 1.80% |
TECL Direxion Daily Technology Bull 3X Shares | 9.23% | 7.19% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% | 0.00% | 0.00% |
Drawdowns
CTCAX vs. TECL - Drawdown Comparison
The maximum CTCAX drawdown since its inception was -61.04%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for CTCAX and TECL.
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Drawdown Indicators
| CTCAX | TECL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.04% | -77.96% | +16.92% |
Max Drawdown (1Y)Largest decline over 1 year | -14.43% | -46.58% | +32.15% |
Max Drawdown (5Y)Largest decline over 5 years | -39.55% | -77.96% | +38.41% |
Max Drawdown (10Y)Largest decline over 10 years | -39.55% | -77.96% | +38.41% |
Current DrawdownCurrent decline from peak | -10.51% | -37.08% | +26.57% |
Average DrawdownAverage peak-to-trough decline | -10.75% | -18.49% | +7.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 16.75% | -12.63% |
Volatility
CTCAX vs. TECL - Volatility Comparison
The current volatility for Columbia Global Technology Growth Fund Class A (CTCAX) is 8.94%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 24.34%. This indicates that CTCAX 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.
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Volatility by Period
| CTCAX | TECL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.94% | 24.34% | -15.40% |
Volatility (6M)Calculated over the trailing 6-month period | 16.85% | 49.46% | -32.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.31% | 79.85% | -52.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.88% | 73.52% | -47.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.70% | 71.84% | -47.14% |