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Direxion Daily Technology Bear 3X Shares (TECS)

ETF · Currency in USD · Last updated Aug 4, 2022

TECS is a passive ETF by Direxion tracking the investment results of the Technology Select Sector Index (-300%). TECS launched on Dec 17, 2008 and has a 1.08% expense ratio.

ETF Info

ISINUS25490K7607
CUSIP25490K760
IssuerDirexion
Inception DateDec 17, 2008
RegionNorth America (U.S.)
CategoryLeveraged Equities, Leveraged
Leveraged3x
Expense Ratio1.08%
Index TrackedTechnology Select Sector Index (-300%)
ETF Home Pagewww.direxion.com
Asset ClassEquity

Asset Class Size

Large-Cap

Asset Class Style

Growth

Trading Data

Previous Close$31.38
Year Range$26.72 - $55.85
EMA (50)$41.87
EMA (200)$41.06
Average Volume$2.55M

TECSShare Price Chart


Chart placeholderClick Calculate to get results

TECSPerformance

The chart shows the growth of $10,000 invested in Direxion Daily Technology Bear 3X Shares in Jan 2010 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $1 for a total return of roughly -99.99%. All prices are adjusted for splits and dividends.


-20.00%-15.00%-10.00%-5.00%0.00%MarchAprilMayJuneJulyAugust0
-7.67%
TECS (Direxion Daily Technology Bear 3X Shares)
Benchmark (^GSPC)

TECSReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
1M-36.85%8.62%
6M-4.79%-8.61%
YTD13.70%-12.82%
1Y-31.33%-5.04%
5Y-63.62%11.02%
10Y-55.15%11.62%

TECSMonthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
202220.36%11.47%-15.04%33.92%-5.67%25.77%-33.59%-5.45%
20210.34%-6.17%-9.50%-15.48%0.32%-18.73%-11.52%-10.82%18.07%-22.16%-13.57%-13.99%
2020-12.03%20.19%-25.16%-40.71%-20.57%-21.95%-17.77%-30.04%10.46%11.74%-30.03%-15.50%
2019-21.08%-18.14%-13.67%-16.84%29.63%-24.00%-9.57%1.15%-5.07%-11.89%-14.44%-12.31%
2018-18.99%-2.68%8.17%-1.50%-18.26%0.56%-6.86%-17.39%0.18%21.69%1.98%22.40%
2017-10.59%-12.58%-6.76%-5.77%-11.41%7.56%-12.59%-8.84%-2.72%-17.69%-4.49%-1.71%
20168.04%-0.33%-23.14%15.66%-14.11%2.23%-19.01%-3.97%-7.03%1.90%-1.77%-6.95%
20159.65%-21.49%8.64%-8.05%-6.64%12.36%-9.28%12.91%1.37%-27.30%-2.96%4.22%
20146.92%-12.10%-3.15%-2.36%-11.12%-5.74%-5.67%-9.96%0.91%-6.58%-13.61%4.63%
2013-6.30%-3.31%-7.78%-6.27%-8.65%7.89%-11.21%2.34%-7.95%-14.66%-9.23%-10.47%
2012-21.96%-19.42%-15.02%5.63%25.65%-9.00%-6.37%-12.39%-5.45%20.47%-4.37%-0.43%
2011-11.79%-6.40%6.23%-9.01%3.93%7.41%-6.01%8.99%6.74%-31.34%0.88%1.05%
201034.17%-14.75%-17.30%-7.35%18.47%17.78%-21.30%22.34%-30.61%-17.96%2.25%-16.34%

TECSSharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Direxion Daily Technology Bear 3X Shares Sharpe ratio is -0.37. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-1.00-0.500.000.501.00MarchAprilMayJuneJulyAugust
-0.37
-0.25
TECS (Direxion Daily Technology Bear 3X Shares)
Benchmark (^GSPC)

TECSDividend History

Direxion Daily Technology Bear 3X Shares granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.


PeriodTTM202120202019201820172016201520142013201220112010
Dividend$0.00$0.00$1.30$17.21$19.80$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00

Dividend yield

0.00%0.00%1.49%2.41%0.73%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

TECSDrawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%SeptemberOctoberNovemberDecember2022FebruaryMarchAprilMayJuneJulyAugust
-99.99%
-13.37%
TECS (Direxion Daily Technology Bear 3X Shares)
Benchmark (^GSPC)

TECSWorst Drawdowns

The table below shows the maximum drawdowns of the Direxion Daily Technology Bear 3X Shares. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Direxion Daily Technology Bear 3X Shares is 100.00%, recorded on Dec 27, 2021. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-100%Feb 1, 20102997Dec 27, 2021
-5.33%Jan 13, 20104Jan 19, 20102Jan 21, 20106
-3.62%Jan 25, 20103Jan 27, 20101Jan 28, 20104
-2.77%Jan 8, 20101Jan 8, 20102Jan 12, 20103

TECSVolatility Chart

Current Direxion Daily Technology Bear 3X Shares volatility is 99.32%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


0.00%50.00%100.00%150.00%MarchAprilMayJuneJulyAugust
99.32%
20.74%
TECS (Direxion Daily Technology Bear 3X Shares)
Benchmark (^GSPC)