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.
Key characteristics
| TECL | GOOG | |
|---|---|---|
| YTD Return | 7.66% | 19.91% |
| 1Y Return | 110.95% | 60.62% |
| 3Y Return (Ann) | 17.51% | 12.83% |
| 5Y Return (Ann) | 34.50% | 23.33% |
| 10Y Return (Ann) | 41.31% | 20.77% |
| Sharpe Ratio | 2.00 | 2.06 |
| Daily Std Dev | 54.05% | 28.77% |
| Max Drawdown | -77.96% | -44.60% |
| Current Drawdown | -20.13% | -2.71% |
Correlation
The correlation between TECL and GOOG is 0.74, 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
In the year-to-date period, TECL achieves a 7.66% return, which is significantly lower than GOOG's 19.91% return. Over the past 10 years, TECL has outperformed GOOG with an annualized return of 41.31%, while GOOG has yielded a comparatively lower 20.77% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 0.31%, while GOOG 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% |
GOOG Alphabet Inc. | 0.00% | 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 19.42% compared to Alphabet Inc. (GOOG) at 11.54%. 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.