TECS vs. TZA
Compare and contrast key facts about Direxion Daily Technology Bear 3X Shares (TECS) and Direxion Daily Small Cap Bear 3X Shares (TZA).
TECS and TZA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. TZA is a passively managed fund by Direxion that tracks the performance of the Russell 2000 Index (-300%). It was launched on Nov 5, 2008. Both TECS and TZA 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: TECS or TZA.
Correlation
The correlation between TECS and TZA is -0.75. 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. TZA - Performance Comparison
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Key characteristics
TECS:
-0.60
TZA:
-0.33
TECS:
-0.58
TZA:
0.03
TECS:
0.93
TZA:
1.00
TECS:
-0.55
TZA:
-0.22
TECS:
-1.57
TZA:
-0.79
TECS:
35.13%
TZA:
28.21%
TECS:
90.13%
TZA:
72.87%
TECS:
-100.00%
TZA:
-100.00%
TECS:
-100.00%
TZA:
-100.00%
Returns By Period
In the year-to-date period, TECS achieves a -26.71% return, which is significantly lower than TZA's 4.19% return. Over the past 10 years, TECS has underperformed TZA with an annualized return of -57.35%, while TZA has yielded a comparatively higher -37.50% annualized return.
TECS
-26.71%
-40.41%
-23.63%
-53.96%
-59.04%
-57.35%
TZA
4.19%
-32.00%
27.72%
-23.61%
-45.75%
-37.50%
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TECS vs. TZA - Expense Ratio Comparison
TECS has a 1.08% expense ratio, which is lower than TZA's 1.11% expense ratio.
Risk-Adjusted Performance
TECS vs. TZA — Risk-Adjusted Performance Rank
TECS
TZA
TECS vs. TZA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bear 3X Shares (TECS) and Direxion Daily Small Cap Bear 3X Shares (TZA). 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.
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Dividends
TECS vs. TZA - Dividend Comparison
TECS's dividend yield for the trailing twelve months is around 6.82%, more than TZA's 5.28% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | 6.82% | 5.25% | 7.52% | 0.00% | 0.00% | 1.49% | 2.41% | 0.72% |
TZA Direxion Daily Small Cap Bear 3X Shares | 5.28% | 5.40% | 5.49% | 0.00% | 0.00% | 1.21% | 1.57% | 0.63% |
Drawdowns
TECS vs. TZA - Drawdown Comparison
The maximum TECS drawdown since its inception was -100.00%, roughly equal to the maximum TZA drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TECS and TZA. For additional features, visit the drawdowns tool.
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Volatility
TECS vs. TZA - Volatility Comparison
Direxion Daily Technology Bear 3X Shares (TECS) has a higher volatility of 26.81% compared to Direxion Daily Small Cap Bear 3X Shares (TZA) at 19.16%. This indicates that TECS's price experiences larger fluctuations and is considered to be riskier than TZA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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