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TECS vs. BERZ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


TECSBERZ
YTD Return-53.19%-65.70%
1Y Return-64.67%-77.31%
3Y Return (Ann)-47.73%-57.42%
Sharpe Ratio-0.99-1.08
Sortino Ratio-1.76-2.33
Omega Ratio0.810.75
Calmar Ratio-0.64-0.79
Martin Ratio-1.46-1.38
Ulcer Index44.11%55.94%
Daily Std Dev64.79%71.33%
Max Drawdown-100.00%-97.14%
Current Drawdown-100.00%-97.14%

Correlation

-0.50.00.51.00.9

The correlation between TECS and BERZ is 0.93, 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

TECS vs. BERZ - Performance Comparison

In the year-to-date period, TECS achieves a -53.19% return, which is significantly higher than BERZ's -65.70% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%10.00%JuneJulyAugustSeptemberOctoberNovember
-41.85%
-51.29%
TECS
BERZ

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TECS vs. BERZ - Expense Ratio Comparison

TECS has a 1.08% expense ratio, which is higher than BERZ's 0.95% expense ratio.


TECS
Direxion Daily Technology Bear 3X Shares
Expense ratio chart for TECS: current value at 1.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.08%
Expense ratio chart for BERZ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

TECS vs. BERZ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bear 3X Shares (TECS) and MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ). 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.


TECS
Sharpe ratio
The chart of Sharpe ratio for TECS, currently valued at -0.99, compared to the broader market-2.000.002.004.00-0.99
Sortino ratio
The chart of Sortino ratio for TECS, currently valued at -1.76, compared to the broader market-2.000.002.004.006.008.0010.0012.00-1.76
Omega ratio
The chart of Omega ratio for TECS, currently valued at 0.81, compared to the broader market1.001.502.002.503.000.81
Calmar ratio
The chart of Calmar ratio for TECS, currently valued at -0.70, compared to the broader market0.005.0010.0015.00-0.70
Martin ratio
The chart of Martin ratio for TECS, currently valued at -1.46, compared to the broader market0.0020.0040.0060.0080.00100.00-1.46
BERZ
Sharpe ratio
The chart of Sharpe ratio for BERZ, currently valued at -1.08, compared to the broader market-2.000.002.004.00-1.08
Sortino ratio
The chart of Sortino ratio for BERZ, currently valued at -2.33, compared to the broader market-2.000.002.004.006.008.0010.0012.00-2.33
Omega ratio
The chart of Omega ratio for BERZ, currently valued at 0.75, compared to the broader market1.001.502.002.503.000.75
Calmar ratio
The chart of Calmar ratio for BERZ, currently valued at -0.79, compared to the broader market0.005.0010.0015.00-0.79
Martin ratio
The chart of Martin ratio for BERZ, currently valued at -1.38, compared to the broader market0.0020.0040.0060.0080.00100.00-1.38

TECS vs. BERZ - Sharpe Ratio Comparison

The current TECS Sharpe Ratio is -0.99, which is comparable to the BERZ Sharpe Ratio of -1.08. The chart below compares the historical Sharpe Ratios of TECS and BERZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.20-1.10-1.00-0.90-0.80-0.70-0.60JuneJulyAugustSeptemberOctoberNovember
-0.99
-1.08
TECS
BERZ

Dividends

TECS vs. BERZ - Dividend Comparison

TECS's dividend yield for the trailing twelve months is around 4.84%, while BERZ has not paid dividends to shareholders.


TTM202320222021202020192018
TECS
Direxion Daily Technology Bear 3X Shares
4.84%5.73%0.00%0.00%0.15%1.35%0.33%
BERZ
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN
0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

TECS vs. BERZ - Drawdown Comparison

The maximum TECS drawdown since its inception was -100.00%, roughly equal to the maximum BERZ drawdown of -97.14%. Use the drawdown chart below to compare losses from any high point for TECS and BERZ. For additional features, visit the drawdowns tool.


-98.00%-96.00%-94.00%-92.00%-90.00%-88.00%-86.00%-84.00%JuneJulyAugustSeptemberOctoberNovember
-91.65%
-97.14%
TECS
BERZ

Volatility

TECS vs. BERZ - Volatility Comparison

The current volatility for Direxion Daily Technology Bear 3X Shares (TECS) is 18.24%, while MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) has a volatility of 22.50%. This indicates that TECS experiences smaller price fluctuations and is considered to be less risky than BERZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%30.00%35.00%JuneJulyAugustSeptemberOctoberNovember
18.24%
22.50%
TECS
BERZ