GOOG vs. TECL
Compare and contrast key facts about Alphabet Inc (GOOG) and Direxion Daily Technology Bull 3X Shares (TECL).
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: GOOG or TECL.
Correlation
The correlation between GOOG and TECL is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GOOG vs. TECL - Performance Comparison
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Key characteristics
GOOG:
-0.19
TECL:
-0.07
GOOG:
-0.08
TECL:
0.53
GOOG:
0.99
TECL:
1.07
GOOG:
-0.22
TECL:
-0.09
GOOG:
-0.47
TECL:
-0.21
GOOG:
13.41%
TECL:
28.41%
GOOG:
30.86%
TECL:
89.73%
GOOG:
-44.60%
TECL:
-77.96%
GOOG:
-23.08%
TECL:
-37.81%
Returns By Period
In the year-to-date period, GOOG achieves a -16.11% return, which is significantly higher than TECL's -23.04% return. Over the past 10 years, GOOG has underperformed TECL with an annualized return of 19.70%, while TECL has yielded a comparatively higher 33.86% annualized return.
GOOG
-16.11%
0.11%
-12.10%
-5.85%
18.98%
19.70%
TECL
-23.04%
46.43%
-28.19%
-6.56%
34.61%
33.86%
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Risk-Adjusted Performance
GOOG vs. TECL — Risk-Adjusted Performance Rank
GOOG
TECL
GOOG vs. TECL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc (GOOG) 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
GOOG vs. TECL - Dividend Comparison
GOOG's dividend yield for the trailing twelve months is around 0.50%, less than TECL's 0.51% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
GOOG Alphabet Inc | 0.50% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECL Direxion Daily Technology Bull 3X Shares | 0.51% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
Drawdowns
GOOG vs. TECL - Drawdown Comparison
The maximum GOOG drawdown since its inception was -44.60%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for GOOG and TECL. For additional features, visit the drawdowns tool.
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Volatility
GOOG vs. TECL - Volatility Comparison
The current volatility for Alphabet Inc (GOOG) is 11.49%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 25.45%. This indicates that GOOG 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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