POWL vs. TNA

Last updated Jun 13, 2026

POWL (Powell Industries, Inc.) is a stock, while TNA (Direxion Daily Small Cap Bull 3X Shares) is Leveraged Equities fund tracking the Russell 2000 Index (300%). Over the past 10 years, POWL returned 40.56%/yr vs 8.78%/yr for TNA. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

POWL vs. TNA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Powell Industries, Inc. (POWL) and Direxion Daily Small Cap Bull 3X Shares (TNA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, POWL achieves a 177.61% return, which is significantly higher than TNA's 53.14% return. Over the past 10 years, POWL has outperformed TNA with an annualized return of 40.56%, while TNA has yielded a comparatively lower 8.78% annualized return.

POWL

• 1D: 1.46%
• 1M: 0.75%
• YTD: 177.61%
• 6M: 162.55%
• 1Y: 372.00%
• 3Y*: 146.47%
• 5Y*: 94.19%
• 10Y*: 40.56%

TNA

• 1D: 2.53%
• 1M: 6.93%
• YTD: 53.14%
• 6M: 40.13%
• 1Y: 130.01%
• 3Y*: 25.74%
• 5Y*: -6.50%
• 10Y*: 8.78%

*Multi-year figures are annualized to reflect compound growth (CAGR)

POWL vs. TNA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
POWL Powell Industries, Inc.	177.61%	44.49%	152.21%	155.62%	24.34%	3.60%	-37.60%	101.58%	-9.92%	-24.00%
TNA Direxion Daily Small Cap Bull 3X Shares	53.14%	9.82%	7.21%	26.24%	-62.48%	27.88%	-7.82%	71.88%	-39.89%	39.15%

Correlation

The correlation between POWL and TNA is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Nov 19, 2008	0.58

The correlation between POWL and TNA has been stable across timeframes, ranging from 0.51 to 0.58 - a consistent structural relationship.

Return for Risk

POWL vs. TNA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

POWL

POWL Risk / Return Rank: 98
POWL Sharpe Ratio Rank: 99
POWL Sortino Ratio Rank: 98
POWL Omega Ratio Rank: 96
POWL Calmar Ratio Rank: 98
POWL Martin Ratio Rank: 99

TNA

TNA Risk / Return Rank: 68
TNA Sharpe Ratio Rank: 72
TNA Sortino Ratio Rank: 61
TNA Omega Ratio Rank: 54
TNA Calmar Ratio Rank: 80
TNA Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

POWL vs. TNA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Powell Industries, Inc. (POWL) 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.

	POWL	TNA	Difference
Sharpe ratio: Return per unit of total volatility	6.03	2.01	+4.02
Sortino ratio: Return per unit of downside risk	4.85	2.48	+2.37
Omega ratio: Gain probability vs. loss probability	1.60	1.29	+0.31
Calmar ratio: Return relative to maximum drawdown	11.71	3.63	+8.08
Martin ratio: Return relative to average drawdown	36.97	11.92	+25.05

POWL vs. TNA - Sharpe Ratio Comparison

The current POWL Sharpe Ratio is 6.03, which is higher than the TNA Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of POWL and TNA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

POWL vs. TNA - Drawdown Comparison

The maximum POWL drawdown since its inception was -73.10%, smaller than the maximum TNA drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for POWL and TNA.

Drawdown Indicators

	POWL	TNA	Difference
Max Drawdown Largest peak-to-trough decline	-73.10%	-88.09%	+14.99%
Max Drawdown (1Y) Largest decline over 1 year	-30.88%	-32.53%	+1.65%
Max Drawdown (3Y) Largest decline over 3 years	-55.76%	-65.78%	+10.02%
Max Drawdown (5Y) Largest decline over 5 years	-55.76%	-82.36%	+26.60%
Max Drawdown (10Y) Largest decline over 10 years	-68.85%	-88.09%	+19.24%
Current Drawdown Current decline from peak	-8.45%	-35.23%	+26.78%
Average Drawdown Average peak-to-trough decline	-36.09%	-33.92%	-2.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.76%	9.91%	-0.15%

Volatility

POWL vs. TNA - Volatility Comparison

The current volatility for Powell Industries, Inc. (POWL) is 19.86%, while Direxion Daily Small Cap Bull 3X Shares (TNA) has a volatility of 21.54%. This indicates that POWL 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.

Volatility by Period

	POWL	TNA	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.86%	21.54%	-1.68%
Volatility (6M) Calculated over the trailing 6-month period	44.83%	42.61%	+2.22%
Volatility (1Y) Calculated over the trailing 1-year period	59.91%	58.70%	+1.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.36%	67.57%	-3.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.84%	68.54%	-13.70%

Dividends

POWL vs. TNA - Dividend Comparison

POWL's dividend yield for the trailing twelve months is around 0.12%, less than TNA's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
POWL Powell Industries, Inc.	0.12%	0.34%	0.48%	1.19%	2.96%	3.53%	3.53%	2.12%	4.16%	3.63%	2.67%	4.00%
TNA Direxion Daily Small Cap Bull 3X Shares	0.39%	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

Can I hold both POWL and TNA in my portfolio?

POWL and TNA have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, POWL or TNA?

TNA has higher volatility (21.54%) compared to POWL (19.86%). In terms of maximum drawdown, POWL dropped -73.10% vs TNA's -88.09%.

Which has better risk-adjusted returns?

POWL currently has the higher Sharpe Ratio (6.03 vs 2.01), 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.