TECL vs. ROM
Compare and contrast key facts about Direxion Daily Technology Bull 3X Shares (TECL) and ProShares Ultra Technology (ROM).
TECL and ROM 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. ROM is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Technology Index (200%). It was launched on Jan 30, 2007. Both TECL and ROM 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 ROM.
Performance
TECL vs. ROM - Performance Comparison
Returns By Period
In the year-to-date period, TECL achieves a 36.39% return, which is significantly higher than ROM's 30.76% return. Over the past 10 years, TECL has outperformed ROM with an annualized return of 38.77%, while ROM has yielded a comparatively lower 30.95% annualized return.
TECL
36.39%
-3.29%
6.55%
54.59%
35.46%
38.77%
ROM
30.76%
-1.84%
8.83%
42.88%
31.29%
30.95%
Key characteristics
| TECL | ROM | |
|---|---|---|
| Sharpe Ratio | 0.79 | 0.92 |
| Sortino Ratio | 1.35 | 1.40 |
| Omega Ratio | 1.18 | 1.19 |
| Calmar Ratio | 1.12 | 1.25 |
| Martin Ratio | 3.05 | 3.75 |
| Ulcer Index | 16.61% | 10.71% |
| Daily Std Dev | 64.28% | 43.57% |
| Max Drawdown | -77.96% | -83.36% |
| Current Drawdown | -19.04% | -10.12% |
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TECL vs. ROM - Expense Ratio Comparison
TECL has a 1.08% expense ratio, which is higher than ROM's 0.95% expense ratio.
Correlation
The correlation between TECL and ROM is 0.98, 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. ROM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) and ProShares Ultra Technology (ROM). 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. ROM - Dividend Comparison
TECL's dividend yield for the trailing twelve months is around 0.31%, more than ROM's 0.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TECL Direxion Daily Technology Bull 3X Shares | 0.31% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% |
ROM ProShares Ultra Technology | 0.17% | 0.01% | 0.00% | 0.00% | 0.05% | 0.16% | 0.30% | 0.08% | 0.20% | 0.12% | 0.24% | 0.03% |
Drawdowns
TECL vs. ROM - Drawdown Comparison
The maximum TECL drawdown since its inception was -77.96%, smaller than the maximum ROM drawdown of -83.36%. Use the drawdown chart below to compare losses from any high point for TECL and ROM. For additional features, visit the drawdowns tool.
Volatility
TECL vs. ROM - Volatility Comparison
Direxion Daily Technology Bull 3X Shares (TECL) has a higher volatility of 19.07% compared to ProShares Ultra Technology (ROM) at 12.59%. This indicates that TECL's price experiences larger fluctuations and is considered to be riskier than ROM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.