Correlation
The correlation between ^SIXY and WANT is 0.86, 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.
^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.
Performance
^SIXY vs. WANT - Performance Comparison
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Key characteristics
^SIXY:
0.84
WANT:
0.47
^SIXY:
1.30
WANT:
1.21
^SIXY:
1.17
WANT:
1.15
^SIXY:
0.79
WANT:
0.51
^SIXY:
2.24
WANT:
1.46
^SIXY:
9.27%
WANT:
26.90%
^SIXY:
25.53%
WANT:
76.41%
^SIXY:
-40.25%
WANT:
-85.89%
^SIXY:
-10.46%
WANT:
-61.59%
Returns By Period
In the year-to-date period, ^SIXY achieves a -4.57% return, which is significantly higher than WANT's -25.84% return.
^SIXY
-4.57%
6.24%
-4.41%
21.90%
11.92%
10.74%
10.91%
WANT
-25.84%
18.04%
-27.04%
35.23%
7.69%
7.93%
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.
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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.
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Volatility
^SIXY vs. WANT - Volatility Comparison
The current volatility for Consumer Discretionary Select Sector Index (^SIXY) is 6.96%, while Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) has a volatility of 20.76%. 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.
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