TPOR vs. AIRR
Compare and contrast key facts about Direxion Daily Transportation Bull 3X Shares (TPOR) and First Trust RBA American Industrial Renaissance ETF (AIRR).
TPOR and AIRR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TPOR is a passively managed fund by Direxion that tracks the performance of the Dow Jones Transportation Average Index (300%). It was launched on May 3, 2017. AIRR is a passively managed fund by First Trust that tracks the performance of the Richard Bernstein Advisors American Industrial Renaissance (TR). It was launched on Mar 10, 2014. Both TPOR and AIRR 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: TPOR or AIRR.
Key characteristics
| TPOR | AIRR | |
|---|---|---|
| YTD Return | 16.90% | 46.10% |
| 1Y Return | 73.41% | 74.29% |
| 3Y Return (Ann) | -11.43% | 21.38% |
| 5Y Return (Ann) | 7.28% | 24.44% |
| Sharpe Ratio | 1.31 | 3.03 |
| Sortino Ratio | 2.00 | 3.87 |
| Omega Ratio | 1.23 | 1.49 |
| Calmar Ratio | 1.19 | 5.90 |
| Martin Ratio | 4.04 | 18.28 |
| Ulcer Index | 18.16% | 4.08% |
| Daily Std Dev | 55.98% | 24.62% |
| Max Drawdown | -87.59% | -42.37% |
| Current Drawdown | -33.60% | -1.33% |
Correlation
The correlation between TPOR and AIRR is 0.75, 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
TPOR vs. AIRR - Performance Comparison
In the year-to-date period, TPOR achieves a 16.90% return, which is significantly lower than AIRR's 46.10% 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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TPOR vs. AIRR - Expense Ratio Comparison
TPOR has a 1.01% expense ratio, which is higher than AIRR's 0.70% expense ratio.
Risk-Adjusted Performance
TPOR vs. AIRR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Transportation Bull 3X Shares (TPOR) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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
TPOR vs. AIRR - Dividend Comparison
TPOR's dividend yield for the trailing twelve months is around 1.28%, more than AIRR's 0.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TPOR Direxion Daily Transportation Bull 3X Shares | 1.28% | 1.50% | 0.00% | 0.00% | 0.10% | 0.96% | 1.22% | 8.70% | 0.00% | 0.00% | 0.00% |
AIRR First Trust RBA American Industrial Renaissance ETF | 0.15% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% | 0.37% |
Drawdowns
TPOR vs. AIRR - Drawdown Comparison
The maximum TPOR drawdown since its inception was -87.59%, which is greater than AIRR's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for TPOR and AIRR. For additional features, visit the drawdowns tool.
Volatility
TPOR vs. AIRR - Volatility Comparison
Direxion Daily Transportation Bull 3X Shares (TPOR) has a higher volatility of 21.44% compared to First Trust RBA American Industrial Renaissance ETF (AIRR) at 9.36%. This indicates that TPOR's price experiences larger fluctuations and is considered to be riskier than AIRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.