^SIXY vs. WANT
Compare and contrast key facts about Consumer Discretionary Select Sector Index (^SIXY) and Direxion Daily Consumer Discretionary Bull 3X Shares (WANT).
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: ^SIXY or WANT.
Correlation
The correlation between ^SIXY and WANT is 0.87, 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.
Performance
^SIXY vs. WANT - Performance Comparison
Key characteristics
^SIXY:
0.52
WANT:
0.13
^SIXY:
0.89
WANT:
0.65
^SIXY:
1.11
WANT:
1.08
^SIXY:
0.48
WANT:
0.08
^SIXY:
1.43
WANT:
0.25
^SIXY:
8.88%
WANT:
25.01%
^SIXY:
24.81%
WANT:
74.03%
^SIXY:
-40.25%
WANT:
-85.89%
^SIXY:
-15.75%
WANT:
-67.47%
Returns By Period
In the year-to-date period, ^SIXY achieves a -10.20% return, which is significantly higher than WANT's -37.19% return.
^SIXY
-10.20%
14.18%
-5.01%
13.32%
11.41%
10.26%
WANT
-37.19%
40.04%
-27.76%
9.67%
10.23%
N/A
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Risk-Adjusted Performance
^SIXY vs. WANT — Risk-Adjusted Performance Rank
^SIXY
WANT
^SIXY vs. WANT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Consumer Discretionary Select Sector Index (^SIXY) and Direxion Daily Consumer Discretionary Bull 3X Shares (WANT). 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.
Drawdowns
^SIXY vs. WANT - Drawdown Comparison
The maximum ^SIXY drawdown since its inception was -40.25%, smaller than the maximum WANT drawdown of -85.89%. Use the drawdown chart below to compare losses from any high point for ^SIXY and WANT. For additional features, visit the drawdowns tool.
Volatility
^SIXY vs. WANT - Volatility Comparison
The current volatility for Consumer Discretionary Select Sector Index (^SIXY) is 12.90%, while Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) has a volatility of 35.61%. This indicates that ^SIXY experiences smaller price fluctuations and is considered to be less risky than WANT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.