WANT vs. TSLA
Compare and contrast key facts about Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Tesla, Inc. (TSLA).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WANT or TSLA.
Key characteristics
| WANT | TSLA | |
|---|---|---|
| YTD Return | 7.51% | -8.56% |
| 1Y Return | 20.11% | -14.75% |
| 3Y Return (Ann) | -19.77% | -3.55% |
| 5Y Return (Ann) | 3.13% | 70.20% |
| Sharpe Ratio | 0.33 | -0.27 |
| Daily Std Dev | 54.86% | 54.07% |
| Max Drawdown | -85.89% | -73.63% |
| Current Drawdown | -65.31% | -44.58% |
Correlation
The correlation between WANT and TSLA is 0.64, 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.
Performance
WANT vs. TSLA - Performance Comparison
In the year-to-date period, WANT achieves a 7.51% return, which is significantly higher than TSLA's -8.56% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
WANT vs. TSLA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Tesla, Inc. (TSLA). 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. TSLA - Dividend Comparison
WANT's dividend yield for the trailing twelve months is around 0.66%, while TSLA has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | 0.66% | 0.46% | 0.00% | 0.00% | 0.07% | 0.62% |
TSLA Tesla, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WANT vs. TSLA - Drawdown Comparison
The maximum WANT drawdown since its inception was -85.89%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for WANT and TSLA. For additional features, visit the drawdowns tool.
Volatility
WANT vs. TSLA - Volatility Comparison
Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Tesla, Inc. (TSLA) have volatilities of 16.11% and 15.79%, 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.