AAPU vs. TECL
AAPU (Direxion Daily AAPL Bull 2X Shares) and TECL (Direxion Daily Technology Bull 3X Shares) are both Leveraged Equities funds from Direxion - AAPU tracks the Apple Inc. (200%) while TECL tracks the Technology Select Sector Index (300%). Both are passively managed. Over the past 3 years, AAPU returned 22.71%/yr vs 56.77%/yr for TECL. Their 0.57 correlation means they have sometimes moved together and sometimes differently. AAPU charges 0.96%/yr vs 0.91%/yr for TECL.
Performance
AAPU vs. TECL - Performance Comparison
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Returns By Period
In the year-to-date period, AAPU achieves a 13.33% return, which is significantly lower than TECL's 54.56% return.
AAPU
- 1D
- -3.64%
- 1M
- -4.76%
- 6M
- 16.42%
- YTD
- 13.33%
- 1Y
- 93.91%
- 3Y*
- 22.71%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.81%
TECL
- 1D
- 4.43%
- 1M
- -7.18%
- 6M
- 53.20%
- YTD
- 54.56%
- 1Y
- 99.73%
- 3Y*
- 56.77%
- 5Y*
- 25.61%
- 10Y*
- 45.72%
- ALL TIME*
- 46.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $95.46M | $84.08M | $76.55M | |
| $142.34M | $148.61M | $225.94M |
AAPU vs. TECL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AAPU Direxion Daily AAPL Bull 2X Shares | 13.33% | -2.91% | 58.45% | 68.66% | -32.44% |
TECL Direxion Daily Technology Bull 3X Shares | 54.56% | 38.60% | 36.15% | 203.14% | -46.39% |
Correlation
The correlation between AAPU and TECL is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.57 |
Over the past year, the correlation between AAPU and TECL has dropped to 0.29 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
AAPU vs. TECL - Sectors Allocation Comparison
Sectors
AAPU
TECL
Technology
Basic Materials
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-
Communication Services
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Energy
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
Real Estate
-
-
Utilities
-
-
Technology
AAPU
TECL
Basic Materials
AAPU
-
TECL
-
Communication Services
AAPU
-
TECL
Consumer Cyclical
AAPU
-
TECL
-
Consumer Defensive
AAPU
-
TECL
-
Energy
AAPU
-
TECL
Financial Services
AAPU
-
TECL
-
Healthcare
AAPU
-
TECL
-
Industrials
AAPU
-
TECL
Real Estate
AAPU
-
TECL
-
Utilities
AAPU
-
TECL
-
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Return for Risk
AAPU vs. TECL — Risk / Return Rank
AAPU
TECL
AAPU vs. TECL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AAPL Bull 2X Shares (AAPU) and Direxion Daily Technology Bull 3X Shares (TECL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AAPU | TECL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.24 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 2.15 | +1.11 |
| Martin ratioReturn relative to average drawdown | 7.45 | 5.10 | +2.36 |
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Drawdowns
AAPU vs. TECL - Drawdown Comparison
The maximum AAPU drawdown since its inception was -58.61%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for AAPU and TECL.
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Drawdown Indicators
| AAPU | TECL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.61% | -77.96% | +19.35% |
Max Drawdown (1Y)Largest decline over 1 year | -28.90% | -46.58% | +17.68% |
Max Drawdown (3Y)Largest decline over 3 years | -58.61% | -66.58% | +7.97% |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.96% | — |
Current DrawdownCurrent decline from peak | -21.19% | -33.62% | +12.43% |
Average DrawdownAverage peak-to-trough decline | -17.30% | -18.45% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.64% | 19.63% | -6.99% |
Volatility
AAPU vs. TECL - Volatility Comparison
The current volatility for Direxion Daily AAPL Bull 2X Shares (AAPU) is 21.88%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 27.41%. This indicates that AAPU experiences smaller price fluctuations and is considered to be less risky than TECL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPU | TECL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.88% | 27.41% | -5.53% |
Volatility (6M)Calculated over the trailing 6-month period | 41.74% | 65.16% | -23.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.65% | 76.18% | -24.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.09% | 76.67% | -26.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.09% | 73.61% | -23.52% |
AAPU vs. TECL - Expense Ratio Comparison
AAPU has a 0.96% expense ratio, which is higher than TECL's 0.91% expense ratio.
Dividends
AAPU vs. TECL - Dividend Comparison
AAPU's dividend yield for the trailing twelve months is around 7.90%, more than TECL's 4.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AAPU Direxion Daily AAPL Bull 2X Shares | 7.90% | 8.66% | 14.58% | 2.32% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECL Direxion Daily Technology Bull 3X Shares | 4.61% | 7.19% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
Frequently Asked Questions
AAPU and TECL have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECL has higher volatility (27.41%) compared to AAPU (21.88%). In terms of maximum drawdown, AAPU dropped -58.61% vs TECL's -77.96%.
On 3-year performance, TECL leads with 56.77% vs 22.71% for AAPU. On fees, TECL is cheaper at 0.91% per year. On volatility, AAPU has been the lower-risk option at 21.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TECL has performed better with a 56.77% return vs 22.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TECL is cheaper with a 0.91% expense ratio, compared with 0.96% for AAPU.
AAPU has the higher dividend yield at 7.90%, compared with 4.61% for TECL.
AAPU tracks Apple Inc. (200%), while TECL tracks Technology Select Sector Index (300%). Their fees differ too: 0.96% for AAPU and 0.91% for TECL.
AAPU currently has the higher Sharpe Ratio (1.83 vs 1.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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