TECL vs. FNGU
Compare and contrast key facts about Direxion Daily Technology Bull 3X Shares (TECL) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).
TECL and FNGU 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. FNGU is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG (TR) (300%). It was launched on Jan 22, 2018. Both TECL and FNGU 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 FNGU.
Performance
TECL vs. FNGU - Performance Comparison
Returns By Period
In the year-to-date period, TECL achieves a 36.39% return, which is significantly lower than FNGU's 117.71% return.
TECL
36.39%
-3.29%
6.55%
54.59%
35.46%
38.77%
FNGU
117.71%
9.93%
40.45%
148.30%
62.08%
N/A
Key characteristics
| TECL | FNGU | |
|---|---|---|
| Sharpe Ratio | 0.79 | 2.04 |
| Sortino Ratio | 1.35 | 2.37 |
| Omega Ratio | 1.18 | 1.32 |
| Calmar Ratio | 1.12 | 2.37 |
| Martin Ratio | 3.05 | 8.41 |
| Ulcer Index | 16.61% | 17.31% |
| Daily Std Dev | 64.28% | 71.44% |
| Max Drawdown | -77.96% | -92.34% |
| Current Drawdown | -19.04% | -9.38% |
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TECL vs. FNGU - Expense Ratio Comparison
TECL has a 1.08% expense ratio, which is higher than FNGU's 0.95% expense ratio.
Correlation
The correlation between TECL and FNGU is 0.85, 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. FNGU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU). 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. FNGU - Dividend Comparison
TECL's dividend yield for the trailing twelve months is around 0.31%, while FNGU has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
TECL Direxion Daily Technology Bull 3X Shares | 0.31% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
FNGU MicroSectors FANG+™ Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TECL vs. FNGU - Drawdown Comparison
The maximum TECL drawdown since its inception was -77.96%, smaller than the maximum FNGU drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for TECL and FNGU. For additional features, visit the drawdowns tool.
Volatility
TECL vs. FNGU - Volatility Comparison
The current volatility for Direxion Daily Technology Bull 3X Shares (TECL) is 19.07%, while MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) has a volatility of 21.51%. This indicates that TECL experiences smaller price fluctuations and is considered to be less risky than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.