Correlation
The correlation between FLYU and TECL is 0.73, 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.
FLYU vs. TECL
Compare and contrast key facts about MicroSectors Travel 3X Leveraged ETNs (FLYU) and Direxion Daily Technology Bull 3X Shares (TECL).
FLYU and TECL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLYU is a passively managed fund by REX Microsectors that tracks the performance of the MerQube MicroSectors U.S. Travel Index. It was launched on Jun 22, 2022. 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 FLYU 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: FLYU or TECL.
Performance
FLYU vs. TECL - Performance Comparison
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Key characteristics
FLYU:
0.15
TECL:
-0.09
FLYU:
0.79
TECL:
0.35
FLYU:
1.11
TECL:
1.05
FLYU:
0.12
TECL:
-0.25
FLYU:
0.29
TECL:
-0.56
FLYU:
27.78%
TECL:
29.47%
FLYU:
90.01%
TECL:
89.85%
FLYU:
-69.00%
TECL:
-77.96%
FLYU:
-38.07%
TECL:
-35.82%
Returns By Period
In the year-to-date period, FLYU achieves a -23.71% return, which is significantly lower than TECL's -20.58% return.
FLYU
-23.71%
33.53%
-35.75%
7.93%
N/A
N/A
N/A
TECL
-20.58%
24.63%
-23.05%
-8.88%
22.88%
30.34%
34.11%
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FLYU vs. TECL - Expense Ratio Comparison
FLYU has a 0.95% expense ratio, which is lower than TECL's 1.08% expense ratio.
Risk-Adjusted Performance
FLYU vs. TECL — Risk-Adjusted Performance Rank
FLYU
TECL
FLYU vs. TECL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Travel 3X Leveraged ETNs (FLYU) 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
FLYU vs. TECL - Dividend Comparison
FLYU has not paid dividends to shareholders, while TECL's dividend yield for the trailing twelve months is around 0.50%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
FLYU MicroSectors Travel 3X Leveraged ETNs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
FLYU vs. TECL - Drawdown Comparison
The maximum FLYU drawdown since its inception was -69.00%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for FLYU and TECL.
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Volatility
FLYU vs. TECL - Volatility Comparison
MicroSectors Travel 3X Leveraged ETNs (FLYU) has a higher volatility of 24.39% compared to Direxion Daily Technology Bull 3X Shares (TECL) at 18.57%. This indicates that FLYU's price experiences larger fluctuations and is considered to be riskier than TECL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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