TECL vs. GOOG
Compare and contrast key facts about Direxion Daily Technology Bull 3X Shares (TECL) and Alphabet Inc. (GOOG).
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: TECL or GOOG.
Performance
TECL vs. GOOG - Performance Comparison
Returns By Period
In the year-to-date period, TECL achieves a 40.69% return, which is significantly higher than GOOG's 18.48% return. Over the past 10 years, TECL has outperformed GOOG with an annualized return of 38.94%, while GOOG has yielded a comparatively lower 20.04% annualized return.
TECL
40.69%
4.53%
10.17%
57.43%
36.24%
38.94%
GOOG
18.48%
1.27%
-5.30%
19.25%
20.89%
20.04%
Key characteristics
| TECL | GOOG | |
|---|---|---|
| Sharpe Ratio | 0.89 | 0.72 |
| Sortino Ratio | 1.45 | 1.12 |
| Omega Ratio | 1.19 | 1.15 |
| Calmar Ratio | 1.27 | 0.86 |
| Martin Ratio | 3.44 | 2.17 |
| Ulcer Index | 16.67% | 8.87% |
| Daily Std Dev | 64.28% | 26.86% |
| Max Drawdown | -77.96% | -44.60% |
| Current Drawdown | -16.49% | -13.43% |
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Correlation
The correlation between TECL and GOOG is 0.73, 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. GOOG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) and Alphabet Inc. (GOOG). 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. GOOG - Dividend Comparison
TECL's dividend yield for the trailing twelve months is around 0.30%, more than GOOG's 0.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
TECL Direxion Daily Technology Bull 3X Shares | 0.30% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
GOOG Alphabet Inc. | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TECL vs. GOOG - Drawdown Comparison
The maximum TECL drawdown since its inception was -77.96%, which is greater than GOOG's maximum drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for TECL and GOOG. For additional features, visit the drawdowns tool.
Volatility
TECL vs. GOOG - Volatility Comparison
Direxion Daily Technology Bull 3X Shares (TECL) has a higher volatility of 18.78% compared to Alphabet Inc. (GOOG) at 9.38%. This indicates that TECL's price experiences larger fluctuations and is considered to be riskier than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.