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

Key characteristics


TECSVOO
YTD Return-53.19%27.15%
1Y Return-64.67%39.90%
3Y Return (Ann)-47.73%10.28%
5Y Return (Ann)-64.76%16.00%
10Y Return (Ann)-57.39%13.43%
Sharpe Ratio-0.993.15
Sortino Ratio-1.764.19
Omega Ratio0.811.59
Calmar Ratio-0.644.60
Martin Ratio-1.4621.00
Ulcer Index44.11%1.85%
Daily Std Dev64.79%12.34%
Max Drawdown-100.00%-33.99%
Current Drawdown-100.00%0.00%

Correlation

-0.50.00.51.0-0.8

The correlation between TECS and VOO is -0.81. 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. VOO - Performance Comparison

In the year-to-date period, TECS achieves a -53.19% return, which is significantly lower than VOO's 27.15% return. Over the past 10 years, TECS has underperformed VOO with an annualized return of -57.39%, while VOO has yielded a comparatively higher 13.43% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%20.00%JuneJulyAugustSeptemberOctoberNovember
-100.00%
15.64%
TECS
VOO

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TECS vs. VOO - Expense Ratio Comparison

TECS has a 1.08% expense ratio, which is higher than VOO's 0.03% 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 VOO: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

TECS vs. VOO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bear 3X Shares (TECS) and Vanguard S&P 500 ETF (VOO). 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 -0.64, compared to the broader market0.005.0010.0015.00-0.64
Martin ratio
The chart of Martin ratio for TECS, currently valued at -1.46, compared to the broader market0.0020.0040.0060.0080.00100.00120.00-1.46
VOO
Sharpe ratio
The chart of Sharpe ratio for VOO, currently valued at 3.15, compared to the broader market-2.000.002.004.003.15
Sortino ratio
The chart of Sortino ratio for VOO, currently valued at 4.19, compared to the broader market-2.000.002.004.006.008.0010.0012.004.19
Omega ratio
The chart of Omega ratio for VOO, currently valued at 1.59, compared to the broader market1.001.502.002.503.001.59
Calmar ratio
The chart of Calmar ratio for VOO, currently valued at 4.60, compared to the broader market0.005.0010.0015.004.60
Martin ratio
The chart of Martin ratio for VOO, currently valued at 21.00, compared to the broader market0.0020.0040.0060.0080.00100.00120.0021.00

TECS vs. VOO - Sharpe Ratio Comparison

The current TECS Sharpe Ratio is -0.99, which is lower than the VOO Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of TECS and VOO, 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-1.000.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
-0.99
3.15
TECS
VOO

Dividends

TECS vs. VOO - Dividend Comparison

TECS's dividend yield for the trailing twelve months is around 4.84%, more than VOO's 1.23% yield.


TTM20232022202120202019201820172016201520142013
TECS
Direxion Daily Technology Bear 3X Shares
4.84%5.73%0.00%0.00%0.15%1.35%0.33%0.00%0.00%0.00%0.00%0.00%
VOO
Vanguard S&P 500 ETF
1.23%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%1.85%1.84%

Drawdowns

TECS vs. VOO - Drawdown Comparison

The maximum TECS drawdown since its inception was -100.00%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TECS and VOO. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-100.00%
0
TECS
VOO

Volatility

TECS vs. VOO - Volatility Comparison

Direxion Daily Technology Bear 3X Shares (TECS) has a higher volatility of 18.24% compared to Vanguard S&P 500 ETF (VOO) at 3.95%. This indicates that TECS's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%25.00%30.00%35.00%JuneJulyAugustSeptemberOctoberNovember
18.24%
3.95%
TECS
VOO