ABLCX vs TNA Fund Comparison

A comparison between ABLCX and TNA based on their expense ratio, growth, holdings and how well they match their benchmark performance.

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Minafi's Take on ABLCX vs TNA

Here's an in depth look at the differences between AllianzGI Retirement 2030 Fund Class C($ABLCX) and Direxion Daily Small Cap Bull 3X Shares($TNA).

To start off, here's a look at the basics of each fund. Keep an eye on the FI Score. That's a custom score from 0 to 100 that we generate based on how good this fund is for the casual investor. Most investors only need a handful of total funds in their portfolio. The higher the score, the more likely this is one of those few. Score alone isn't enough! Keep reading on to see how different (or perhaps similar) these two funds are.

  • ablcx
  • Mutual Fund
  • Allocation
  • Target-Date

AllianzGI Retirement 2030 Fund Class C

Expenses: 1.09% (Better than 0% of similar funds)

This is a bad choice for a Target-Date Allocation fund. See why »

  • tna
  • ETF
  • Alternative
  • Leveraged Equities

Direxion Daily Small Cap Bull 3X Shares

Expenses: 1.12% (Better than 1% of similar funds)

This is a bad choice for a Leveraged Equities Alternative fund. See why »

$ABLCX is classified as a Mutual Fund while $TNA is classified as an ETF. Even though one of these is a mutual fund and the other is an ETF, that doesn't matter too much for their holdings. Both ETFs and mutual funds are just containers to hold lots of investments inside of them.

The biggest differences between these two is where they may be offered. ETFs are more widely availble from a larger number of investment apps and websites. Mutual funds, on the other hand, are generally offered by the platform they're issued by (Fidelity funds on Fidelity, Vanguard funds on Vanguard). Usually 401(k)'s will offer both ETFs and Mutual Funds. If you're investing outside of a 401(k), I'd recommend you verify the fees associated with ETF and mutual fund transactions. Some platforms charge an additional fee to purchase a mutual fund.

To learn more about the difference between these two, you can read about the difference between ETFs and Mutual Funds.

When evaluating a fund, the first things I look at are:

  • What it invests in
  • How much it charges in fees
  • How large the fund is

Let's look into these criteria one by one and see if either of these funds stands out.

Fund Holdings Comparison

Minafi's FI Score algorithm takes into account the category and market. The more niche a fund is, the lower the score. This doesn't mean it's a worse fund, but it does mean you should stop and make sure this a fund you need to diversify your portfolio.

ABLCXTNA
Market Score 1.2 /10 9.3 /10
Category Score 5.0 /10 0.0 /10
Total6.29.3

A score of 10 means this is a solid market and category that almost every investor will want to have investments in. The lower the score, the more specific the investment. These scores are based on when most investors would add these funds to their portfolio. A score of 10 means that this fund (or one like it) belongs in a three-fund portfolio. The lower the score, the farther down in your portfolio a fund would go.

Winner: $TNA

Fee Comparison

Fees are one of the biggest killers of portfolio growth. The difference between a 2% fee and a 0.04% fee over 30 years can result in your portfolio having half the total value!

If you're just getting started investing and learning how fees impact your portfolio, I'd encourage you to read through my free investment course (specifically '2.2 - All About Fees') where I go over all the different types of fees you can be charged and how to lower them.

For these two funds, ABLCX has an expense ratio of 1.09% while TNA has an expense ratio of 1.12%.

Winner: $ABLCX

Fund Size Comparison

One place these two funds differ is in their total assets under management. This is a good indication of how many other investors trust this fund. A large fund by itself doesn't mean it's a good fund, but it is one thing to consider when figuring out how to choose the right fund.

In the case of these two funds, ABLCX is a small fund with 24.6 Million in assets under management. TNA, on the other hand, is a large fund with 844 Million in assets under management.

Winner: $TNA, Direxion Daily Small Cap Bull 3X Shares

Which Should You Choose? ABLCX or TNA?

Comparing these two funds isn't an apples to apples comparison. ABLCX is a AllocationTarget-Date fund, while TNA is a AlternativeLeveraged Equities fund.

If you're aiming to build a diversified, low-fee, tax-optimized portfolio you likely won't be choosing between these two funds since they're different enough.

Running both of these funds through Minafi's FI Score algorithm, gives ABLCX a score of 13 and TNA a score of 48.

Winner: Neither, I'd research more funds if you're looking to invest for retirement.

$ABLCX

AllianzGI Retirement 2030 Fund Class C

13

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Ratings
Rating TypeRating
Expense Ratio Score1/10
Expense Rating0/10
Market Score1/10
Category Score5/10
Overview
OverviewDetails
Fund TypeMutual Fund
Inception DateDec-29-2008
ExchangeNMFQS
Expense Ratio1.090%
Net Assets24.6 Million
Yield4.42%
Holdings
DescriptionInfo
MarketAllocation
CategoryTarget-Date
Sectors
  • Basic Materials 2.96%
  • Communication Services 9.09%
  • Consumer Cyclical 10.04%
  • Consumer Defensive 8.03%
  • Energy 2.92%
  • Financial Services 14.89%
  • Healthcare 15.03%
  • Industrials 10.64%
  • Real Estate 3.99%
  • Technology 17.75%
  • Utilities 4.66%
Regions
  • Africa/Middle East 0.26%
  • Asia Developed 2.93%
  • Asia Emerging 2.10%
  • Australasia 3.00%
  • Europe Developed 9.05%
  • Europe Emerging 0.28%
  • Japan 3.75%
  • Latin America 0.51%
  • North America 76.39%
  • United Kingdom 1.75%

$TNA

Direxion Daily Small Cap Bull 3X Shares

48

Read More
Ratings
Rating TypeRating
Expense Ratio Score5/10
Expense Rating0/10
Market Score9/10
Category Score0/10
Overview
OverviewDetails
Fund TypeETF
Inception DateSep-30-2015
ExchangeNYSE ARCA
Expense Ratio1.120%
Net Assets844 Million
Yield1.22%
Holdings
DescriptionInfo
MarketAlternative
CategoryLeveraged Equities
Sectors
  • Basic Materials 3.62%
  • Communication Services 2.65%
  • Consumer Cyclicals 9.76%
  • Consumer Defensive 3.83%
  • Energy 3.18%
  • Financial Services 16.23%
  • Healthcare 18.24%
  • Industrials 16.60%
  • Real Estate 9.05%
  • Technology 13.15%
  • Utilities 3.68%
Regions
  • Africa/Middle East 0.09%
  • Asia Developed 0.11%
  • Asia Emerging 0.09%
  • Europe Developed 0.12%
  • Europe Emerging 0.02%
  • Latin America 0.30%
  • North America 99.24%
  • United Kingdom 0.04%

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