WANT vs. NASDX
Compare and contrast key facts about Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX).
WANT is a passively managed fund by Direxion that tracks the performance of the S&P Consumer Discretionary Select Sector Index (-300%). It was launched on Nov 29, 2018. NASDX is a passively managed fund by Blackrock that tracks the performance of the NASDAQ-100 Index. It was launched on Jan 18, 2000. Both WANT and NASDX 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: WANT or NASDX.
Performance
WANT vs. NASDX - Performance Comparison
Returns By Period
In the year-to-date period, WANT achieves a 44.33% return, which is significantly higher than NASDX's 23.68% return.
WANT
44.33%
26.71%
69.38%
71.78%
9.87%
N/A
NASDX
23.68%
1.81%
11.56%
21.08%
16.10%
15.03%
Key characteristics
| WANT | NASDX | |
|---|---|---|
| Sharpe Ratio | 1.39 | 1.14 |
| Sortino Ratio | 1.91 | 1.52 |
| Omega Ratio | 1.23 | 1.22 |
| Calmar Ratio | 0.97 | 1.43 |
| Martin Ratio | 5.95 | 5.30 |
| Ulcer Index | 12.31% | 4.07% |
| Daily Std Dev | 52.53% | 19.04% |
| Max Drawdown | -85.89% | -81.69% |
| Current Drawdown | -53.43% | -1.74% |
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WANT vs. NASDX - Expense Ratio Comparison
WANT has a 0.98% expense ratio, which is higher than NASDX's 0.63% expense ratio.
Correlation
The correlation between WANT and NASDX is 0.84, 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.
Risk-Adjusted Performance
WANT vs. NASDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX). 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
WANT vs. NASDX - Dividend Comparison
WANT's dividend yield for the trailing twelve months is around 0.66%, more than NASDX's 0.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | 0.66% | 0.45% | 0.00% | 0.00% | 0.07% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NASDX Shelton Capital Management Nasdaq-100 Index Fund Direct Shares | 0.38% | 0.45% | 0.50% | 0.15% | 0.37% | 0.47% | 0.94% | 1.35% | 0.75% | 0.86% | 1.02% | 0.72% |
Drawdowns
WANT vs. NASDX - Drawdown Comparison
The maximum WANT drawdown since its inception was -85.89%, which is greater than NASDX's maximum drawdown of -81.69%. Use the drawdown chart below to compare losses from any high point for WANT and NASDX. For additional features, visit the drawdowns tool.
Volatility
WANT vs. NASDX - Volatility Comparison
Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) has a higher volatility of 18.27% compared to Shelton Capital Management Nasdaq-100 Index Fund Direct Shares (NASDX) at 5.38%. This indicates that WANT's price experiences larger fluctuations and is considered to be riskier than NASDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.