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EURL vs. TDS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

EURL vs. TDS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily FTSE Europe Bull 3x Shares (EURL) and Telephone and Data Systems, Inc. (TDS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EURL achieves a 19.99% return, which is significantly higher than TDS's 6.37% return. Over the past 10 years, EURL has outperformed TDS with an annualized return of 11.21%, while TDS has yielded a comparatively lower 6.59% annualized return.


EURL

1D
-1.39%
1M
3.10%
6M
5.68%
YTD
19.99%
1Y
59.89%
3Y*
31.34%
5Y*
7.64%
10Y*
11.21%
ALL TIME*
2.97%

TDS

1D
0.00%
1M
-7.21%
6M
-25.45%
YTD
6.37%
1Y
14.91%
3Y*
78.98%
5Y*
17.83%
10Y*
6.59%
ALL TIME*
3.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison


PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)
$543.36K$647.46K$1.03M
$26.86M$33.30M$42.63M

EURL vs. TDS - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
EURL
Direxion Daily FTSE Europe Bull 3x Shares
19.99%105.85%-11.42%44.19%-54.41%46.59%-23.19%72.61%-46.39%91.32%
TDS
Telephone and Data Systems, Inc.
6.37%20.73%89.02%86.26%-45.27%12.04%-24.32%-19.98%19.58%-1.46%

Correlation

The correlation between EURL and TDS is 0.26, which is low. Their historical price movements had little consistent relationship.


Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.26

Correlation (3Y)
Balances recent behavior with more history.

0.28

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.28

Correlation (10Y)
Provides a long-term view across more market conditions.

0.34

Correlation (All Time)
Calculated using the full available price history since Jan 22, 2014

0.37

The correlation between EURL and TDS shifts across timeframes, from 0.26 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.

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Return for Risk

EURL vs. TDS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EURL
EURL Risk / Return Rank: 4949
Overall Rank
EURL Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
EURL Sortino Ratio Rank: 5050
Sortino Ratio Rank
EURL Omega Ratio Rank: 4747
Omega Ratio Rank
EURL Calmar Ratio Rank: 4949
Calmar Ratio Rank
EURL Martin Ratio Rank: 4747
Martin Ratio Rank

TDS
TDS Risk / Return Rank: 5757
Overall Rank
TDS Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
TDS Sortino Ratio Rank: 5858
Sortino Ratio Rank
TDS Omega Ratio Rank: 5656
Omega Ratio Rank
TDS Calmar Ratio Rank: 5656
Calmar Ratio Rank
TDS Martin Ratio Rank: 5757
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EURL vs. TDS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily FTSE Europe Bull 3x Shares (EURL) and Telephone and Data Systems, Inc. (TDS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


EURLTDSDifference
Sharpe ratioReturn per unit of total volatility

+0.89

Sortino ratioReturn per unit of downside risk

+0.85

Omega ratioGain probability vs. loss probability

1.22

1.11

+0.10

Calmar ratioReturn relative to maximum drawdown

1.74

0.40

+1.34

Martin ratioReturn relative to average drawdown

5.37

1.07

+4.29

EURL vs. TDS - Sharpe Ratio Comparison

The current EURL Sharpe Ratio is 1.21, which is higher than the TDS Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of EURL and TDS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

EURL vs. TDS - Drawdown Comparison

The maximum EURL drawdown since its inception was -84.65%, roughly equal to the maximum TDS drawdown of -88.89%. Use the drawdown chart below to compare losses from any high point for EURL and TDS.


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Drawdown Indicators


EURLTDSDifference

Max Drawdown

Largest peak-to-trough decline

-84.65%

-88.89%

+4.24%

Max Drawdown (1Y)

Largest decline over 1 year

-33.05%

-29.70%

-3.35%

Max Drawdown (3Y)

Largest decline over 3 years

-38.81%

-33.36%

-5.45%

Max Drawdown (5Y)

Largest decline over 5 years

-75.24%

-66.28%

-8.96%

Max Drawdown (10Y)

Largest decline over 10 years

-84.65%

-78.98%

-5.67%

Current Drawdown

Current decline from peak

-3.74%

-29.30%

+25.56%

Average Drawdown

Average peak-to-trough decline

-36.62%

-47.23%

+10.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.71%

11.18%

-0.47%

Volatility

EURL vs. TDS - Volatility Comparison

Direxion Daily FTSE Europe Bull 3x Shares (EURL) has a higher volatility of 13.53% compared to Telephone and Data Systems, Inc. (TDS) at 6.36%. This indicates that EURL's price experiences larger fluctuations and is considered to be riskier than TDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


EURLTDSDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.53%

6.36%

+7.17%

Volatility (6M)

Calculated over the trailing 6-month period

41.54%

19.09%

+22.45%

Volatility (1Y)

Calculated over the trailing 1-year period

47.83%

37.69%

+10.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

53.54%

63.80%

-10.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

54.48%

52.57%

+1.91%

Dividends

EURL vs. TDS - Dividend Comparison

EURL's dividend yield for the trailing twelve months is around 1.50%, less than TDS's 31.00% yield.


PositionTTM20252024202320222021202020192018201720162015
EURL
Direxion Daily FTSE Europe Bull 3x Shares
1.50%1.50%3.51%2.50%1.80%0.33%0.41%1.17%3.07%0.38%0.00%0.00%
TDS
Telephone and Data Systems, Inc.
31.00%0.39%0.91%4.03%6.86%3.47%3.66%2.60%1.97%2.23%2.05%2.18%

Frequently Asked Questions


EURL and TDS have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EURL has higher volatility (13.53%) compared to TDS (6.36%). In terms of maximum drawdown, EURL dropped -84.65% vs TDS's -88.89%.

EURL currently has the higher Sharpe Ratio (1.21 vs 0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

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