GABC vs. TNA
GABC (German American Bancorp, Inc.) is a stock, while TNA (Direxion Daily Small Cap Bull 3X Shares) is Leveraged Equities fund tracking the Russell 2000 Index (300% Daily). Over the past 10 years, GABC returned 10.99%/yr vs 7.13%/yr for TNA. Their 0.59 correlation means they have sometimes moved together and sometimes differently.
Performance
GABC vs. TNA - Performance Comparison
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Returns By Period
In the year-to-date period, GABC achieves a 31.71% return, which is significantly lower than TNA's 48.69% return. Over the past 10 years, GABC has outperformed TNA with an annualized return of 10.99%, while TNA has yielded a comparatively lower 7.13% annualized return.
GABC
- 1D
- -0.45%
- 1M
- 6.89%
- 6M
- 22.66%
- YTD
- 31.71%
- 1Y
- 39.27%
- 3Y*
- 23.66%
- 5Y*
- 9.22%
- 10Y*
- 10.99%
- ALL TIME*
- 9.26%
TNA
- 1D
- -1.37%
- 1M
- -7.22%
- 6M
- 28.70%
- YTD
- 48.69%
- 1Y
- 108.54%
- 3Y*
- 19.19%
- 5Y*
- -4.05%
- 10Y*
- 7.13%
- ALL TIME*
- 14.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.16M | $8.18M | $7.59M | |
| $284.85M | $300.19M | $411.47M |
GABC vs. TNA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GABC German American Bancorp, Inc. | 31.71% | 0.34% | 27.90% | -10.24% | -1.96% | 20.32% | -4.72% | 31.11% | -20.02% | 2.31% |
TNA Direxion Daily Small Cap Bull 3X Shares | 48.69% | 9.82% | 7.21% | 26.24% | -62.48% | 27.88% | -7.82% | 71.88% | -39.89% | 39.15% |
Correlation
The correlation between GABC and TNA is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2008 | 0.59 |
Over the past year, the correlation between GABC and TNA has dropped to 0.39 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
GABC vs. TNA — Risk / Return Rank
GABC
TNA
GABC vs. TNA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for German American Bancorp, Inc. (GABC) and Direxion Daily Small Cap Bull 3X Shares (TNA). 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.
| GABC | TNA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.26 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 2.95 | +0.28 |
| Martin ratioReturn relative to average drawdown | 8.34 | 9.70 | -1.36 |
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Drawdowns
GABC vs. TNA - Drawdown Comparison
The maximum GABC drawdown since its inception was -63.37%, smaller than the maximum TNA drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for GABC and TNA.
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Drawdown Indicators
| GABC | TNA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.37% | -88.09% | +24.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -32.53% | +21.23% |
Max Drawdown (3Y)Largest decline over 3 years | -25.32% | -65.78% | +40.46% |
Max Drawdown (5Y)Largest decline over 5 years | -38.28% | -82.36% | +44.08% |
Max Drawdown (10Y)Largest decline over 10 years | -45.47% | -88.09% | +42.62% |
Current DrawdownCurrent decline from peak | -0.84% | -37.12% | +36.28% |
Average DrawdownAverage peak-to-trough decline | -21.96% | -33.92% | +11.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | 9.90% | -5.53% |
Volatility
GABC vs. TNA - Volatility Comparison
The current volatility for German American Bancorp, Inc. (GABC) is 6.88%, while Direxion Daily Small Cap Bull 3X Shares (TNA) has a volatility of 11.41%. This indicates that GABC experiences smaller price fluctuations and is considered to be less risky than TNA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GABC | TNA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.88% | 11.41% | -4.53% |
Volatility (6M)Calculated over the trailing 6-month period | 14.53% | 42.11% | -27.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.76% | 57.87% | -35.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.48% | 67.19% | -40.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.84% | 68.35% | -39.51% |
Dividends
GABC vs. TNA - Dividend Comparison
GABC's dividend yield for the trailing twelve months is around 2.36%, more than TNA's 0.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GABC German American Bancorp, Inc. | 2.36% | 2.96% | 2.69% | 3.09% | 2.47% | 2.15% | 2.30% | 1.91% | 2.16% | 1.46% | 1.37% | 2.04% |
TNA Direxion Daily Small Cap Bull 3X Shares | 0.31% | 0.78% | 0.93% | 1.27% | 0.31% | 0.06% | 0.03% | 0.44% | 0.36% | 0.15% | 0.00% | 0.00% |
Frequently Asked Questions
GABC and TNA have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TNA has higher volatility (11.41%) compared to GABC (6.88%). In terms of maximum drawdown, GABC dropped -63.37% vs TNA's -88.09%.
TNA currently has the higher Sharpe Ratio (1.66 vs 1.61), 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.
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