TECS vs. TSLA
Compare and contrast key facts about Direxion Daily Technology Bear 3X Shares (TECS) and Tesla, Inc. (TSLA).
TECS 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: TECS or TSLA.
Key characteristics
| TECS | TSLA | |
|---|---|---|
| YTD Return | -53.19% | 29.27% |
| 1Y Return | -64.67% | 52.98% |
| 3Y Return (Ann) | -47.73% | -1.99% |
| 5Y Return (Ann) | -64.76% | 70.37% |
| 10Y Return (Ann) | -57.39% | 34.45% |
| Sharpe Ratio | -0.99 | 0.74 |
| Sortino Ratio | -1.76 | 1.49 |
| Omega Ratio | 0.81 | 1.18 |
| Calmar Ratio | -0.64 | 0.68 |
| Martin Ratio | -1.46 | 1.95 |
| Ulcer Index | 44.11% | 22.86% |
| Daily Std Dev | 64.79% | 60.53% |
| Max Drawdown | -100.00% | -73.63% |
| Current Drawdown | -100.00% | -21.65% |
Correlation
The correlation between TECS and TSLA is -0.42. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TECS vs. TSLA - Performance Comparison
In the year-to-date period, TECS achieves a -53.19% return, which is significantly lower than TSLA's 29.27% return. Over the past 10 years, TECS has underperformed TSLA with an annualized return of -57.39%, while TSLA has yielded a comparatively higher 34.45% 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
TECS vs. TSLA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bear 3X Shares (TECS) and Tesla, Inc. (TSLA). 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
TECS vs. TSLA - Dividend Comparison
TECS's dividend yield for the trailing twelve months is around 4.84%, while TSLA has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | 4.84% | 5.73% | 0.00% | 0.00% | 0.15% | 1.35% | 0.33% |
TSLA Tesla, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TECS vs. TSLA - Drawdown Comparison
The maximum TECS drawdown since its inception was -100.00%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for TECS and TSLA. For additional features, visit the drawdowns tool.
Volatility
TECS vs. TSLA - Volatility Comparison
The current volatility for Direxion Daily Technology Bear 3X Shares (TECS) is 18.24%, while Tesla, Inc. (TSLA) has a volatility of 28.02%. This indicates that TECS experiences smaller price fluctuations and is considered to be less risky than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.