WANT vs. XLY
Compare and contrast key facts about Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Consumer Discretionary Select Sector SPDR Fund (XLY).
WANT and XLY 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. XLY is a passively managed fund by State Street that tracks the performance of the Consumer Discretionary Select Sector Index. It was launched on Dec 16, 1998. Both WANT and XLY 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 XLY.
Performance
WANT vs. XLY - Performance Comparison
Returns By Period
In the year-to-date period, WANT achieves a 44.33% return, which is significantly higher than XLY's 21.01% return.
WANT
44.33%
26.71%
69.38%
71.78%
9.87%
N/A
XLY
21.01%
9.05%
24.23%
28.97%
13.34%
13.08%
Key characteristics
| WANT | XLY | |
|---|---|---|
| Sharpe Ratio | 1.39 | 1.66 |
| Sortino Ratio | 1.91 | 2.28 |
| Omega Ratio | 1.23 | 1.28 |
| Calmar Ratio | 0.97 | 1.53 |
| Martin Ratio | 5.95 | 7.92 |
| Ulcer Index | 12.31% | 3.70% |
| Daily Std Dev | 52.53% | 17.70% |
| Max Drawdown | -85.89% | -59.05% |
| Current Drawdown | -53.43% | -2.03% |
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WANT vs. XLY - Expense Ratio Comparison
WANT has a 0.98% expense ratio, which is higher than XLY's 0.13% expense ratio.
Correlation
The correlation between WANT and XLY is 1.00, 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. XLY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) and Consumer Discretionary Select Sector SPDR Fund (XLY). 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. XLY - Dividend Comparison
WANT's dividend yield for the trailing twelve months is around 0.66%, less than XLY's 0.70% 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% |
XLY Consumer Discretionary Select Sector SPDR Fund | 0.70% | 0.78% | 1.00% | 0.53% | 0.82% | 1.28% | 1.34% | 1.20% | 1.71% | 1.43% | 1.31% | 1.16% |
Drawdowns
WANT vs. XLY - Drawdown Comparison
The maximum WANT drawdown since its inception was -85.89%, which is greater than XLY's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for WANT and XLY. For additional features, visit the drawdowns tool.
Volatility
WANT vs. XLY - Volatility Comparison
Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) has a higher volatility of 18.27% compared to Consumer Discretionary Select Sector SPDR Fund (XLY) at 6.25%. This indicates that WANT's price experiences larger fluctuations and is considered to be riskier than XLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.