WANT vs. SCHD
Compare and contrast key facts about Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Schwab US Dividend Equity ETF (SCHD).
WANT and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both WANT and SCHD 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 SCHD.
Performance
WANT vs. SCHD - Performance Comparison
Returns By Period
In the year-to-date period, WANT achieves a 45.39% return, which is significantly higher than SCHD's 16.58% return.
WANT
45.39%
23.15%
60.15%
75.98%
10.13%
N/A
SCHD
16.58%
-0.07%
10.53%
26.04%
12.78%
11.44%
Key characteristics
| WANT | SCHD | |
|---|---|---|
| Sharpe Ratio | 1.50 | 2.41 |
| Sortino Ratio | 2.00 | 3.46 |
| Omega Ratio | 1.25 | 1.42 |
| Calmar Ratio | 1.05 | 3.46 |
| Martin Ratio | 6.42 | 13.08 |
| Ulcer Index | 12.29% | 2.04% |
| Daily Std Dev | 52.64% | 11.08% |
| Max Drawdown | -85.89% | -33.37% |
| Current Drawdown | -53.09% | -1.27% |
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WANT vs. SCHD - Expense Ratio Comparison
WANT has a 0.98% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Correlation
The correlation between WANT and SCHD is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
WANT vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
WANT's dividend yield for the trailing twelve months is around 0.66%, less than SCHD's 3.39% 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% |
SCHD Schwab US Dividend Equity ETF | 3.39% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
WANT vs. SCHD - Drawdown Comparison
The maximum WANT drawdown since its inception was -85.89%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for WANT and SCHD. For additional features, visit the drawdowns tool.
Volatility
WANT vs. SCHD - Volatility Comparison
Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) has a higher volatility of 19.56% compared to Schwab US Dividend Equity ETF (SCHD) at 3.60%. This indicates that WANT's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.