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.
Correlation
The correlation between TECL and GOOG is 0.72, 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
TECL vs. GOOG - Performance Comparison
Key characteristics
TECL:
-0.34
GOOG:
-0.06
TECL:
-0.03
GOOG:
0.12
TECL:
1.00
GOOG:
1.02
TECL:
-0.51
GOOG:
-0.06
TECL:
-1.08
GOOG:
-0.15
TECL:
22.41%
GOOG:
10.99%
TECL:
71.57%
GOOG:
29.19%
TECL:
-77.96%
GOOG:
-44.60%
TECL:
-45.41%
GOOG:
-26.43%
Returns By Period
In the year-to-date period, TECL achieves a -32.44% return, which is significantly lower than GOOG's -19.76% return. Over the past 10 years, TECL has outperformed GOOG with an annualized return of 33.71%, while GOOG has yielded a comparatively lower 19.11% annualized return.
TECL
-32.44%
-14.51%
-26.13%
-21.89%
44.01%
33.71%
GOOG
-19.76%
-11.47%
-8.51%
-1.93%
22.89%
19.11%
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Risk-Adjusted Performance
TECL vs. GOOG — Risk-Adjusted Performance Rank
TECL
GOOG
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 0.59%, more than GOOG's 0.52% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
TECL Direxion Daily Technology Bull 3X Shares | 0.59% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
GOOG Alphabet Inc. | 0.52% | 0.32% | 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 24.63% compared to Alphabet Inc. (GOOG) at 10.47%. 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.