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WANT vs. TECL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.8

Performance

WANT vs. TECL - Performance Comparison

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

0.00%50.00%100.00%JulyAugustSeptemberOctoberNovemberDecember
77.09%
-6.76%
WANT
TECL

Key characteristics

Sharpe Ratio

WANT:

1.34

TECL:

0.69

Sortino Ratio

WANT:

1.84

TECL:

1.26

Omega Ratio

WANT:

1.23

TECL:

1.17

Calmar Ratio

WANT:

0.97

TECL:

1.00

Martin Ratio

WANT:

5.99

TECL:

2.64

Ulcer Index

WANT:

12.27%

TECL:

17.10%

Daily Std Dev

WANT:

54.71%

TECL:

65.36%

Max Drawdown

WANT:

-85.89%

TECL:

-77.96%

Current Drawdown

WANT:

-44.44%

TECL:

-17.12%

Returns By Period

In the year-to-date period, WANT achieves a 72.20% return, which is significantly higher than TECL's 39.63% return.


WANT

YTD

72.20%

1M

18.35%

6M

81.25%

1Y

73.43%

5Y*

11.35%

10Y*

N/A

TECL

YTD

39.63%

1M

1.86%

6M

-7.64%

1Y

45.18%

5Y*

32.10%

10Y*

38.58%

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.


TECL
Direxion Daily Technology Bull 3X Shares
Expense ratio chart for TECL: current value at 1.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.08%
Expense ratio chart for WANT: current value at 0.98% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.98%

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.


Sharpe ratio
The chart of Sharpe ratio for WANT, currently valued at 1.34, compared to the broader market0.002.004.001.340.69
The chart of Sortino ratio for WANT, currently valued at 1.84, compared to the broader market-2.000.002.004.006.008.0010.001.841.26
The chart of Omega ratio for WANT, currently valued at 1.23, compared to the broader market0.501.001.502.002.503.001.231.17
The chart of Calmar ratio for WANT, currently valued at 0.97, compared to the broader market0.005.0010.0015.000.971.00
The chart of Martin ratio for WANT, currently valued at 5.99, compared to the broader market0.0020.0040.0060.0080.00100.005.992.64
WANT
TECL

The current WANT Sharpe Ratio is 1.34, which is higher than the TECL Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of WANT and TECL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
1.34
0.69
WANT
TECL

Dividends

WANT vs. TECL - Dividend Comparison

WANT's dividend yield for the trailing twelve months is around 0.56%, more than TECL's 0.34% yield.


TTM2023202220212020201920182017
WANT
Direxion Daily Consumer Discretionary Bull 3X Shares
0.45%0.45%0.00%0.00%0.07%0.65%0.00%0.00%
TECL
Direxion Daily Technology Bull 3X Shares
0.26%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.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-44.44%
-17.12%
WANT
TECL

Volatility

WANT vs. TECL - Volatility Comparison

Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) has a higher volatility of 19.04% compared to Direxion Daily Technology Bull 3X Shares (TECL) at 15.85%. This indicates that WANT's price experiences larger fluctuations and is considered to be riskier than TECL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%30.00%35.00%JulyAugustSeptemberOctoberNovemberDecember
19.04%
15.85%
WANT
TECL
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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