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.
Performance
WANT vs. TSLA - Performance Comparison
Returns By Period
In the year-to-date period, WANT achieves a 44.33% return, which is significantly higher than TSLA's 36.69% return.
WANT
44.33%
26.71%
69.38%
71.78%
9.87%
N/A
TSLA
36.69%
55.82%
95.49%
45.02%
72.78%
35.44%
Key characteristics
| WANT | TSLA | |
|---|---|---|
| Sharpe Ratio | 1.39 | 0.67 |
| Sortino Ratio | 1.91 | 1.41 |
| Omega Ratio | 1.23 | 1.17 |
| Calmar Ratio | 0.97 | 0.62 |
| Martin Ratio | 5.95 | 1.78 |
| Ulcer Index | 12.31% | 22.88% |
| Daily Std Dev | 52.53% | 61.22% |
| Max Drawdown | -85.89% | -73.63% |
| Current Drawdown | -53.43% | -17.15% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Correlation
The correlation between WANT and TSLA is 0.65, 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. 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% | 0.45% | 0.00% | 0.00% | 0.07% | 0.65% |
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
The current volatility for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) is 18.27%, while Tesla, Inc. (TSLA) has a volatility of 28.83%. This indicates that WANT experiences smaller price fluctuations and is considered to be less risky than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.