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GOOG vs. TECL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


GOOGTECL
YTD Return8.04%20.30%
1Y Return49.42%133.06%
3Y Return (Ann)14.01%25.92%
5Y Return (Ann)21.05%42.68%
Sharpe Ratio1.842.80
Daily Std Dev27.22%52.73%
Max Drawdown-44.60%-77.96%
Current Drawdown-1.67%-10.75%

Correlation

0.74
-1.001.00

The correlation between GOOG and TECL is 0.74, 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.

Performance

GOOG vs. TECL - Performance Comparison

In the year-to-date period, GOOG achieves a 8.04% return, which is significantly lower than TECL's 20.30% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%1,000.00%2,000.00%3,000.00%4,000.00%OctoberNovemberDecember2024FebruaryMarch
435.96%
3,267.51%
GOOG
TECL

Compare stocks, funds, or ETFs


Alphabet Inc.

Direxion Daily Technology Bull 3X Shares

Risk-Adjusted Performance

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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
GOOG
Alphabet Inc.
1.84
TECL
Direxion Daily Technology Bull 3X Shares
2.80

GOOG vs. TECL - Sharpe Ratio Comparison

The current GOOG Sharpe Ratio is 1.84, which is lower than the TECL Sharpe Ratio of 2.80. The chart below compares the 12-month rolling Sharpe Ratio of GOOG and TECL.


Rolling 12-month Sharpe Ratio1.002.003.004.00OctoberNovemberDecember2024FebruaryMarch
1.84
2.80
GOOG
TECL

Dividends

GOOG vs. TECL - Dividend Comparison

GOOG has not paid dividends to shareholders, while TECL's dividend yield for the trailing twelve months is around 0.28%.


TTM2023202220212020201920182017
GOOG
Alphabet Inc.
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TECL
Direxion Daily Technology Bull 3X Shares
0.28%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%. The drawdown chart below compares losses from any high point along the way for GOOG and TECL


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%OctoberNovemberDecember2024FebruaryMarch
-1.67%
-10.75%
GOOG
TECL

Volatility

GOOG vs. TECL - Volatility Comparison

The current volatility for Alphabet Inc. (GOOG) is 7.35%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 15.69%. 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.


5.00%10.00%15.00%20.00%OctoberNovemberDecember2024FebruaryMarch
7.35%
15.69%
GOOG
TECL