WANT vs. TECL
Compare and contrast key facts about Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Direxion Daily Technology Bull 3X Shares (TECL).
WANT and TECL 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. TECL is a passively managed fund by Direxion that tracks the performance of the Technology Select Sector Index (300%). It was launched on Dec 17, 2008. Both WANT and TECL 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 TECL.
Performance
WANT vs. TECL - Performance Comparison
Returns By Period
In the year-to-date period, WANT achieves a 44.33% return, which is significantly higher than TECL's 40.67% return.
WANT
44.33%
26.71%
69.38%
71.78%
9.87%
N/A
TECL
40.67%
0.02%
12.63%
57.42%
36.27%
38.98%
Key characteristics
| WANT | TECL | |
|---|---|---|
| Sharpe Ratio | 1.39 | 0.92 |
| Sortino Ratio | 1.91 | 1.48 |
| Omega Ratio | 1.23 | 1.20 |
| Calmar Ratio | 0.97 | 1.31 |
| Martin Ratio | 5.95 | 3.57 |
| Ulcer Index | 12.31% | 16.64% |
| Daily Std Dev | 52.53% | 64.29% |
| Max Drawdown | -85.89% | -77.96% |
| Current Drawdown | -53.43% | -16.50% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
WANT vs. TECL - Expense Ratio Comparison
WANT has a 0.98% expense ratio, which is lower than TECL's 1.08% expense ratio.
Correlation
The correlation between WANT and TECL is 0.78, 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. TECL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Direxion Daily Technology Bull 3X Shares (TECL). 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. TECL - Dividend Comparison
WANT's dividend yield for the trailing twelve months is around 0.66%, more than TECL's 0.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | 0.66% | 0.45% | 0.00% | 0.00% | 0.07% | 0.65% | 0.00% | 0.00% |
TECL Direxion Daily Technology Bull 3X Shares | 0.30% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
Drawdowns
WANT vs. TECL - Drawdown Comparison
The maximum WANT drawdown since its inception was -85.89%, which is greater than TECL's maximum drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for WANT and TECL. For additional features, visit the drawdowns tool.
Volatility
WANT vs. TECL - Volatility Comparison
Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Direxion Daily Technology Bull 3X Shares (TECL) have volatilities of 18.27% and 18.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.