TECL vs. BULZ
Compare and contrast key facts about Direxion Daily Technology Bull 3X Shares (TECL) and MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ).
TECL and BULZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BULZ is a passively managed fund by BMO Financial Group that tracks the performance of the Solactive FANG Innovation. It was launched on Aug 17, 2021. Both TECL and BULZ 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: TECL or BULZ.
Performance
TECL vs. BULZ - Performance Comparison
Returns By Period
In the year-to-date period, TECL achieves a 33.76% return, which is significantly lower than BULZ's 51.57% return.
TECL
33.76%
-3.73%
5.74%
54.23%
34.47%
38.54%
BULZ
51.57%
7.85%
16.13%
82.99%
N/A
N/A
Key characteristics
| TECL | BULZ | |
|---|---|---|
| Sharpe Ratio | 0.83 | 1.20 |
| Sortino Ratio | 1.39 | 1.73 |
| Omega Ratio | 1.19 | 1.23 |
| Calmar Ratio | 1.17 | 1.10 |
| Martin Ratio | 3.22 | 4.22 |
| Ulcer Index | 16.53% | 20.00% |
| Daily Std Dev | 64.51% | 70.35% |
| Max Drawdown | -77.96% | -94.44% |
| Current Drawdown | -20.60% | -53.92% |
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TECL vs. BULZ - Expense Ratio Comparison
TECL has a 1.08% expense ratio, which is higher than BULZ's 0.95% expense ratio.
Correlation
The correlation between TECL and BULZ is 0.94, 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.
Risk-Adjusted Performance
TECL vs. BULZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) and MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ). 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
TECL vs. BULZ - Dividend Comparison
TECL's dividend yield for the trailing twelve months is around 0.32%, while BULZ has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
TECL Direxion Daily Technology Bull 3X Shares | 0.32% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TECL vs. BULZ - Drawdown Comparison
The maximum TECL drawdown since its inception was -77.96%, smaller than the maximum BULZ drawdown of -94.44%. Use the drawdown chart below to compare losses from any high point for TECL and BULZ. For additional features, visit the drawdowns tool.
Volatility
TECL vs. BULZ - Volatility Comparison
The current volatility for Direxion Daily Technology Bull 3X Shares (TECL) is 18.96%, while MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has a volatility of 22.91%. This indicates that TECL experiences smaller price fluctuations and is considered to be less risky than BULZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.