ERY vs. TECL
Compare and contrast key facts about Direxion Daily Energy Bear 2X Shares (ERY) and Direxion Daily Technology Bull 3X Shares (TECL).
ERY and TECL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ERY is a passively managed fund by Direxion that tracks the performance of the Energy Select Sector Index (-300%). It was launched on Apr 1, 2020. 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. Both ERY and TECL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ERY or TECL.
Key characteristics
| ERY | TECL | |
|---|---|---|
| YTD Return | -21.61% | 45.36% |
| 1Y Return | -20.57% | 69.42% |
| 3Y Return (Ann) | -40.72% | 7.55% |
| 5Y Return (Ann) | -44.93% | 36.60% |
| 10Y Return (Ann) | -30.60% | 39.71% |
| Sharpe Ratio | -0.62 | 1.24 |
| Sortino Ratio | -0.74 | 1.76 |
| Omega Ratio | 0.92 | 1.24 |
| Calmar Ratio | -0.22 | 1.76 |
| Martin Ratio | -1.10 | 4.86 |
| Ulcer Index | 19.95% | 16.39% |
| Daily Std Dev | 35.51% | 64.19% |
| Max Drawdown | -99.98% | -77.96% |
| Current Drawdown | -99.98% | -13.72% |
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.
Performance
ERY vs. TECL - Performance Comparison
In the year-to-date period, ERY achieves a -21.61% return, which is significantly lower than TECL's 45.36% return. Over the past 10 years, ERY has underperformed TECL with an annualized return of -30.60%, while TECL has yielded a comparatively higher 39.71% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ERY vs. TECL - Expense Ratio Comparison
ERY has a 1.07% expense ratio, which is lower than TECL's 1.08% expense ratio.
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.
Dividends
ERY vs. TECL - Dividend Comparison
ERY's dividend yield for the trailing twelve months is around 5.63%, more than TECL's 0.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
ERY Direxion Daily Energy Bear 2X Shares | 5.63% | 4.14% | 0.32% | 0.00% | 0.43% | 1.50% | 0.56% | 0.00% |
TECL Direxion Daily Technology Bull 3X Shares | 0.29% | 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.
Volatility
ERY vs. TECL - Volatility Comparison
The current volatility for Direxion Daily Energy Bear 2X Shares (ERY) is 10.15%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 17.27%. 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.