WANT vs. IBIC
WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - WANT is a Leveraged Equities fund tracking the S&P Consumer Discretionary Select Sector Index (-300%), while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, WANT returned -0.82% vs 4.42% for IBIC. At a correlation of -0.03, they often move in opposite directions. WANT charges 0.98%/yr vs 0.10%/yr for IBIC.
Performance
WANT vs. IBIC - Performance Comparison
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Returns By Period
In the year-to-date period, WANT achieves a -21.36% return, which is significantly lower than IBIC's 2.43% return.
WANT
- 1D
- -3.36%
- 1M
- -14.54%
- YTD
- -21.36%
- 6M
- -26.83%
- 1Y
- -0.82%
- 3Y*
- 9.94%
- 5Y*
- -8.83%
- 10Y*
- —
IBIC
- 1D
- 0.04%
- 1M
- 0.12%
- YTD
- 2.43%
- 6M
- 2.57%
- 1Y
- 4.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WANT vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | -21.36% | -6.94% | 60.52% | 1.01% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.43% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between WANT and IBIC is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | -0.03 |
The correlation between WANT and IBIC shifts across timeframes, from -0.21 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WANT vs. IBIC — Risk / Return Rank
WANT
IBIC
WANT vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WANT | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.00 | ||
| Sortino ratioReturn per unit of downside risk | -8.61 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 2.22 | -1.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 16.56 | -16.58 |
| Martin ratioReturn relative to average drawdown | -0.05 | 58.67 | -58.72 |
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Drawdowns
WANT vs. IBIC - Drawdown Comparison
The maximum WANT drawdown since its inception was -85.89%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for WANT and IBIC.
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Drawdown Indicators
| WANT | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.89% | -0.90% | -84.99% |
Max Drawdown (1Y)Largest decline over 1 year | -41.27% | -0.27% | -41.00% |
Max Drawdown (3Y)Largest decline over 3 years | -63.53% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -85.89% | — | — |
Current DrawdownCurrent decline from peak | -62.10% | -0.08% | -62.02% |
Average DrawdownAverage peak-to-trough decline | -43.16% | -0.10% | -43.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.14% | 0.08% | +16.06% |
Volatility
WANT vs. IBIC - Volatility Comparison
Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) has a higher volatility of 19.12% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.17%. This indicates that WANT's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WANT | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.12% | 0.17% | +18.95% |
Volatility (6M)Calculated over the trailing 6-month period | 41.03% | 0.67% | +40.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.06% | 0.89% | +54.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.98% | 1.56% | +69.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.48% | 1.56% | +69.92% |
WANT vs. IBIC - Expense Ratio Comparison
WANT has a 0.98% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
WANT vs. IBIC - Dividend Comparison
WANT's dividend yield for the trailing twelve months is around 0.68%, less than IBIC's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.58% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% |
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | 0.68% | 0.65% | 0.61% | 0.46% | 0.00% | 0.00% | 0.07% | 0.64% |
Frequently Asked Questions
WANT and IBIC have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WANT has higher volatility (19.12%) compared to IBIC (0.17%). In terms of maximum drawdown, WANT dropped -85.89% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.42% vs -0.82% for WANT. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.42% return vs -0.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.98% for WANT.
IBIC has the higher dividend yield at 3.58%, compared with 0.68% for WANT.
WANT is categorized as Leveraged Equities, while IBIC is Inflation-Protected Bonds. WANT tracks S&P Consumer Discretionary Select Sector Index (-300%), while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 0.98% for WANT and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.99 vs -0.02), 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.
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