TECL vs. VGT
Compare and contrast key facts about Direxion Daily Technology Bull 3X Shares (TECL) and Vanguard Information Technology ETF (VGT).
TECL and VGT 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. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004. Both TECL and VGT 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 VGT.
Performance
TECL vs. VGT - Performance Comparison
Returns By Period
In the year-to-date period, TECL achieves a 36.39% return, which is significantly higher than VGT's 27.28% return. Over the past 10 years, TECL has outperformed VGT with an annualized return of 38.77%, while VGT has yielded a comparatively lower 20.69% annualized return.
TECL
36.39%
-3.29%
6.55%
54.59%
35.46%
38.77%
VGT
27.28%
0.97%
13.82%
34.56%
22.52%
20.69%
Key characteristics
| TECL | VGT | |
|---|---|---|
| Sharpe Ratio | 0.79 | 1.59 |
| Sortino Ratio | 1.35 | 2.11 |
| Omega Ratio | 1.18 | 1.29 |
| Calmar Ratio | 1.12 | 2.20 |
| Martin Ratio | 3.05 | 7.89 |
| Ulcer Index | 16.61% | 4.24% |
| Daily Std Dev | 64.28% | 20.98% |
| Max Drawdown | -77.96% | -54.63% |
| Current Drawdown | -19.04% | -2.04% |
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TECL vs. VGT - Expense Ratio Comparison
TECL has a 1.08% expense ratio, which is higher than VGT's 0.10% expense ratio.
Correlation
The correlation between TECL and VGT is 0.99, 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. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) and Vanguard Information Technology ETF (VGT). 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. VGT - Dividend Comparison
TECL's dividend yield for the trailing twelve months is around 0.31%, less than VGT's 0.61% 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% |
VGT Vanguard Information Technology ETF | 0.61% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% | 1.05% |
Drawdowns
TECL vs. VGT - Drawdown Comparison
The maximum TECL drawdown since its inception was -77.96%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for TECL and VGT. For additional features, visit the drawdowns tool.
Volatility
TECL vs. VGT - Volatility Comparison
Direxion Daily Technology Bull 3X Shares (TECL) has a higher volatility of 19.07% compared to Vanguard Information Technology ETF (VGT) at 6.62%. This indicates that TECL's price experiences larger fluctuations and is considered to be riskier than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.