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 Threadneedle. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CTCAX or TECL.
Correlation
The correlation between CTCAX and TECL is 0.94, 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.
Performance
CTCAX vs. TECL - Performance Comparison
Key characteristics
CTCAX:
1.26
TECL:
0.46
CTCAX:
1.75
TECL:
1.01
CTCAX:
1.23
TECL:
1.13
CTCAX:
1.70
TECL:
0.66
CTCAX:
5.59
TECL:
1.71
CTCAX:
5.07%
TECL:
17.52%
CTCAX:
22.53%
TECL:
65.83%
CTCAX:
-62.92%
TECL:
-77.96%
CTCAX:
-5.15%
TECL:
-24.59%
Returns By Period
In the year-to-date period, CTCAX achieves a -1.12% return, which is significantly higher than TECL's -6.68% return. Over the past 10 years, CTCAX has underperformed TECL with an annualized return of 17.23%, while TECL has yielded a comparatively higher 39.06% annualized return.
CTCAX
-1.12%
-4.76%
-0.50%
28.25%
15.57%
17.23%
TECL
-6.68%
-14.89%
-20.19%
28.75%
25.28%
39.06%
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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.
Risk-Adjusted Performance
CTCAX vs. TECL — Risk-Adjusted Performance Rank
CTCAX
TECL
CTCAX vs. TECL - Risk-Adjusted Performance 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.
Dividends
CTCAX vs. TECL - Dividend Comparison
CTCAX has not paid dividends to shareholders, while TECL's dividend yield for the trailing twelve months is around 0.31%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTCAX Columbia Global Technology Growth Fund Class A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.46% |
TECL Direxion Daily Technology Bull 3X Shares | 0.31% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% | 0.00% | 0.00% | 0.00% |
Drawdowns
CTCAX vs. TECL - Drawdown Comparison
The maximum CTCAX drawdown since its inception was -62.92%, 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. For additional features, visit the drawdowns tool.
Volatility
CTCAX vs. TECL - Volatility Comparison
The current volatility for Columbia Global Technology Growth Fund Class A (CTCAX) is 6.33%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 17.93%. 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.