WANT vs. ^SIXY

Last updated Jun 3, 2026

WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) is Leveraged Equities fund tracking the S&P Consumer Discretionary Select Sector Index (-300%), while ^SIXY (Consumer Discretionary Select Sector Index) is an index. Over the past 5 years, WANT returned -4.44%/yr vs 6.76%/yr for ^SIXY. With a 0.99 correlation, they move nearly in lockstep.

Performance

WANT vs. ^SIXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Consumer Discretionary Select Sector Index (^SIXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WANT achieves a -12.16% return, which is significantly lower than ^SIXY's -1.65% return.

WANT

• 1D: -1.48%
• 1M: -4.20%
• YTD: -12.16%
• 6M: -10.09%
• 1Y: 10.24%
• 3Y*: 20.04%
• 5Y*: -4.44%
• 10Y*: —

^SIXY

• 1D: -0.58%
• 1M: -0.97%
• YTD: -1.65%
• 6M: -0.55%
• 1Y: 9.75%
• 3Y*: 14.46%
• 5Y*: 6.76%
• 10Y*: 11.55%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WANT vs. ^SIXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	-12.16%	-6.94%	60.52%	114.43%	-83.03%	84.81%	45.26%	90.07%	-24.91%
^SIXY Consumer Discretionary Select Sector Index	-1.65%	6.49%	25.46%	38.43%	-36.80%	27.10%	28.30%	26.71%	-7.45%

Correlation

The correlation between WANT and ^SIXY is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Nov 30, 2018	0.99

The correlation between WANT and ^SIXY has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

WANT vs. ^SIXY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WANT

WANT Risk / Return Rank: 13
WANT Sharpe Ratio Rank: 11
WANT Sortino Ratio Rank: 14
WANT Omega Ratio Rank: 14
WANT Calmar Ratio Rank: 12
WANT Martin Ratio Rank: 12

^SIXY

^SIXY Risk / Return Rank: 29
^SIXY Sharpe Ratio Rank: 29
^SIXY Sortino Ratio Rank: 28
^SIXY Omega Ratio Rank: 28
^SIXY Calmar Ratio Rank: 28
^SIXY Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WANT vs. ^SIXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Consumer Discretionary Select Sector Index (^SIXY). 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.

	WANT	^SIXY	Difference
Sharpe ratio Return per unit of total volatility	0.19	0.53	-0.34
Sortino ratio Return per unit of downside risk	0.65	0.86	-0.22
Omega ratio Gain probability vs. loss probability	1.08	1.10	-0.03
Calmar ratio Return relative to maximum drawdown	0.28	0.66	-0.39
Martin ratio Return relative to average drawdown	0.76	2.07	-1.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WANT vs. ^SIXY - Sharpe Ratio Comparison

The current WANT Sharpe Ratio is 0.19, which is lower than the ^SIXY Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of WANT and ^SIXY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WANT	^SIXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.19	0.53	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.06	0.28	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.69	-0.57

Drawdowns

WANT vs. ^SIXY - Drawdown Comparison

The maximum WANT drawdown since its inception was -85.89%, which is greater than ^SIXY's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for WANT and ^SIXY.

Drawdown Indicators

	WANT	^SIXY	Difference
Max Drawdown Largest peak-to-trough decline	-85.89%	-40.25%	-45.64%
Max Drawdown (1Y) Largest decline over 1 year	-41.27%	-15.17%	-26.10%
Max Drawdown (3Y) Largest decline over 3 years	-63.53%	-26.21%	-37.32%
Max Drawdown (5Y) Largest decline over 5 years	-85.89%	-40.25%	-45.64%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.25%	—
Current Drawdown Current decline from peak	-57.66%	-5.71%	-51.95%
Average Drawdown Average peak-to-trough decline	-43.06%	-6.85%	-36.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.04%	4.85%	+10.19%

Volatility

WANT vs. ^SIXY - Volatility Comparison

Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) has a higher volatility of 15.49% compared to Consumer Discretionary Select Sector Index (^SIXY) at 5.22%. This indicates that WANT's price experiences larger fluctuations and is considered to be riskier than ^SIXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WANT	^SIXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.49%	5.22%	+10.27%
Volatility (6M) Calculated over the trailing 6-month period	38.81%	13.06%	+25.75%
Volatility (1Y) Calculated over the trailing 1-year period	53.88%	17.95%	+35.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.66%	23.71%	+46.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.51%	22.01%	+49.50%

Frequently Asked Questions

Can I hold both WANT and ^SIXY in my portfolio?

With a correlation of 1.00, WANT and ^SIXY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, WANT or ^SIXY?

WANT has higher volatility (15.49%) compared to ^SIXY (5.22%). In terms of maximum drawdown, WANT dropped -85.89% vs ^SIXY's -40.25%.

Which has better risk-adjusted returns?

^SIXY currently has the higher Sharpe Ratio (0.53 vs 0.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.