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

Correlation

The correlation between ERY and TECL is -0.47. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0-0.5

Performance

ERY vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Energy Bear 2X Shares (ERY) and Direxion Daily Technology Bull 3X Shares (TECL). The values are adjusted to include any dividend payments, if applicable.

0.00%10,000.00%20,000.00%30,000.00%40,000.00%JulyAugustSeptemberOctoberNovemberDecember
-99.95%
33,559.23%
ERY
TECL

Key characteristics

Sharpe Ratio

ERY:

0.03

TECL:

0.74

Sortino Ratio

ERY:

0.31

TECL:

1.31

Omega Ratio

ERY:

1.03

TECL:

1.17

Calmar Ratio

ERY:

0.01

TECL:

1.07

Martin Ratio

ERY:

0.05

TECL:

2.84

Ulcer Index

ERY:

21.39%

TECL:

17.09%

Daily Std Dev

ERY:

35.51%

TECL:

65.47%

Max Drawdown

ERY:

-99.98%

TECL:

-77.96%

Current Drawdown

ERY:

-99.98%

TECL:

-15.21%

Returns By Period

In the year-to-date period, ERY achieves a -0.84% return, which is significantly lower than TECL's 42.84% return. Over the past 10 years, ERY has underperformed TECL with an annualized return of -29.69%, while TECL has yielded a comparatively higher 38.89% annualized return.


ERY

YTD

-0.84%

1M

31.44%

6M

11.65%

1Y

1.79%

5Y*

-41.02%

10Y*

-29.69%

TECL

YTD

42.84%

1M

1.54%

6M

-4.62%

1Y

43.57%

5Y*

32.44%

10Y*

38.89%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


ERY vs. TECL - Expense Ratio Comparison

ERY has a 1.07% 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 ERY: current value at 1.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.07%

Risk-Adjusted Performance

ERY vs. TECL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Bear 2X Shares (ERY) 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 ERY, currently valued at 0.03, compared to the broader market0.002.004.000.030.74
The chart of Sortino ratio for ERY, currently valued at 0.31, compared to the broader market-2.000.002.004.006.008.0010.000.311.31
The chart of Omega ratio for ERY, currently valued at 1.03, compared to the broader market0.501.001.502.002.503.001.031.17
The chart of Calmar ratio for ERY, currently valued at 0.01, compared to the broader market0.005.0010.0015.000.011.07
The chart of Martin ratio for ERY, currently valued at 0.05, compared to the broader market0.0020.0040.0060.0080.00100.000.052.84
ERY
TECL

The current ERY Sharpe Ratio is 0.03, which is lower than the TECL Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of ERY 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 Ratio-1.00-0.500.000.501.001.502.002.50JulyAugustSeptemberOctoberNovemberDecember
0.03
0.74
ERY
TECL

Dividends

ERY vs. TECL - Dividend Comparison

ERY's dividend yield for the trailing twelve months is around 3.57%, more than TECL's 0.26% yield.


TTM2023202220212020201920182017
ERY
Direxion Daily Energy Bear 2X Shares
3.57%4.14%0.32%0.00%0.43%1.50%0.56%0.00%
TECL
Direxion Daily Technology Bull 3X Shares
0.26%0.28%0.22%0.32%0.52%0.25%0.47%0.10%

Drawdowns

ERY vs. TECL - Drawdown Comparison

The maximum ERY drawdown since its inception was -99.98%, which is greater than TECL's maximum drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for ERY and TECL. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-99.97%
-15.21%
ERY
TECL

Volatility

ERY vs. TECL - Volatility Comparison

The current volatility for Direxion Daily Energy Bear 2X Shares (ERY) is 9.26%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 16.31%. This indicates that ERY 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.


10.00%15.00%20.00%25.00%30.00%35.00%JulyAugustSeptemberOctoberNovemberDecember
9.26%
16.31%
ERY
TECL
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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