TECS vs. TSLA

In the year-to-date period, TECS achieves a -8.91% return, which is significantly higher than TSLA's -26.14% return. Over the past 10 years, TECS has underperformed TSLA with an annualized return of -56.40%, while TSLA has yielded a comparatively higher 33.88% annualized return.

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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.

The current TECS Sharpe Ratio is -0.50, which is lower than the TSLA Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of TECS and TSLA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

TECS's dividend yield for the trailing twelve months is around 5.49%, while TSLA has not paid dividends to shareholders.

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.

Direxion Daily Technology Bear 3X Shares (TECS) has a higher volatility of 26.90% compared to Tesla, Inc. (TSLA) at 18.43%. This indicates that TECS's price experiences larger fluctuations and is considered to be riskier than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.