OOTO vs. SCHD
Compare and contrast key facts about Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) and Schwab US Dividend Equity ETF (SCHD).
OOTO and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OOTO is a passively managed fund by Direxion that tracks the performance of the BlueStar Travel and Vacation Index (200%). It was launched on Jun 10, 2021. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both OOTO and SCHD 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: OOTO or SCHD.
Correlation
The correlation between OOTO and SCHD is 0.77, 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
OOTO vs. SCHD - Performance Comparison
Key characteristics
OOTO:
-0.26
SCHD:
0.18
OOTO:
-0.04
SCHD:
0.35
OOTO:
0.99
SCHD:
1.05
OOTO:
-0.23
SCHD:
0.18
OOTO:
-0.83
SCHD:
0.64
OOTO:
16.32%
SCHD:
4.44%
OOTO:
51.94%
SCHD:
15.99%
OOTO:
-66.92%
SCHD:
-33.37%
OOTO:
-48.10%
SCHD:
-11.47%
Returns By Period
In the year-to-date period, OOTO achieves a -32.80% return, which is significantly lower than SCHD's -5.19% return.
OOTO
-32.80%
-9.57%
-23.33%
-12.80%
N/A
N/A
SCHD
-5.19%
-6.93%
-7.13%
3.21%
12.59%
10.43%
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OOTO vs. SCHD - Expense Ratio Comparison
OOTO has a 1.07% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
OOTO vs. SCHD — Risk-Adjusted Performance Rank
OOTO
SCHD
OOTO vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) and Schwab US Dividend Equity ETF (SCHD). 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.
Dividends
OOTO vs. SCHD - Dividend Comparison
OOTO's dividend yield for the trailing twelve months is around 1.52%, less than SCHD's 4.05% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OOTO Direxion Daily Travel & Vacation Bull 2X Shares | 1.52% | 0.92% | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHD Schwab US Dividend Equity ETF | 4.05% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% |
Drawdowns
OOTO vs. SCHD - Drawdown Comparison
The maximum OOTO drawdown since its inception was -66.92%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for OOTO and SCHD. For additional features, visit the drawdowns tool.
Volatility
OOTO vs. SCHD - Volatility Comparison
Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) has a higher volatility of 35.91% compared to Schwab US Dividend Equity ETF (SCHD) at 11.20%. This indicates that OOTO's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.