Correlation
The correlation between FLSPX 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.
FLSPX vs. TECL
Compare and contrast key facts about Meeder Spectrum Fund (FLSPX) and Direxion Daily Technology Bull 3X Shares (TECL).
FLSPX is managed by Meeder Funds. It was launched on Jan 1, 2015. 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: FLSPX or TECL.
Performance
FLSPX vs. TECL - Performance Comparison
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Key characteristics
FLSPX:
0.38
TECL:
-0.09
FLSPX:
0.58
TECL:
0.35
FLSPX:
1.08
TECL:
1.05
FLSPX:
0.35
TECL:
-0.25
FLSPX:
1.16
TECL:
-0.56
FLSPX:
4.86%
TECL:
29.47%
FLSPX:
16.65%
TECL:
89.85%
FLSPX:
-27.07%
TECL:
-77.96%
FLSPX:
-5.03%
TECL:
-35.82%
Returns By Period
In the year-to-date period, FLSPX achieves a -0.88% return, which is significantly higher than TECL's -20.58% return. Over the past 10 years, FLSPX has underperformed TECL with an annualized return of 6.55%, while TECL has yielded a comparatively higher 34.11% annualized return.
FLSPX
-0.88%
4.50%
-3.78%
6.30%
9.12%
11.30%
6.55%
TECL
-20.58%
29.94%
-23.05%
-8.44%
22.88%
30.34%
34.11%
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FLSPX vs. TECL - Expense Ratio Comparison
FLSPX has a 1.52% expense ratio, which is higher than TECL's 1.08% expense ratio.
Risk-Adjusted Performance
FLSPX vs. TECL — Risk-Adjusted Performance Rank
FLSPX
TECL
FLSPX vs. TECL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Meeder Spectrum Fund (FLSPX) 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.
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Dividends
FLSPX vs. TECL - Dividend Comparison
FLSPX's dividend yield for the trailing twelve months is around 9.23%, more than TECL's 0.50% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FLSPX Meeder Spectrum Fund | 9.23% | 9.07% | 8.43% | 2.80% | 5.55% | 0.09% | 0.96% | 1.26% | 6.78% | 1.25% | 1.54% |
TECL Direxion Daily Technology Bull 3X Shares | 0.50% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% | 0.00% | 0.00% |
Drawdowns
FLSPX vs. TECL - Drawdown Comparison
The maximum FLSPX drawdown since its inception was -27.07%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for FLSPX and TECL.
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Volatility
FLSPX vs. TECL - Volatility Comparison
The current volatility for Meeder Spectrum Fund (FLSPX) is 4.02%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 18.57%. This indicates that FLSPX 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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