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.
Key characteristics
GOOG | TECL | |
---|---|---|
YTD Return | 8.04% | 20.30% |
1Y Return | 49.42% | 133.06% |
3Y Return (Ann) | 14.01% | 25.92% |
5Y Return (Ann) | 21.05% | 42.68% |
Sharpe Ratio | 1.84 | 2.80 |
Daily Std Dev | 27.22% | 52.73% |
Max Drawdown | -44.60% | -77.96% |
Current Drawdown | -1.67% | -10.75% |
Correlation
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.
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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
Alphabet Inc. | 1.84 | ||||
Direxion Daily Technology Bull 3X Shares | 2.80 |
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%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
---|---|---|---|---|---|---|---|---|
Alphabet Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
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.