AGIX vs. TECL

Last updated Jun 5, 2026

AGIX (KraneShares Artificial Intelligence & Technology ETF) and TECL (Direxion Daily Technology Bull 3X Shares) are both exchange-traded funds - AGIX is a Technology Equities fund tracking the Solactive Etna Artificial General Intelligence Index, while TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%). Both are passively managed. Over the past year, AGIX returned 63.05% vs 249.35% for TECL. Their correlation of 0.89 suggests significant overlap in exposure. AGIX charges 1.00%/yr vs 0.91%/yr for TECL.

Performance

AGIX vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Artificial Intelligence & Technology ETF (AGIX) and Direxion Daily Technology Bull 3X Shares (TECL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGIX achieves a 32.25% return, which is significantly lower than TECL's 115.57% return.

AGIX

• 1D: -0.87%
• 1M: 15.38%
• YTD: 32.25%
• 6M: 32.39%
• 1Y: 63.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TECL

• 1D: -4.56%
• 1M: 55.10%
• YTD: 115.57%
• 6M: 106.65%
• 1Y: 249.35%
• 3Y*: 78.93%
• 5Y*: 42.11%
• 10Y*: 53.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AGIX vs. TECL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AGIX KraneShares Artificial Intelligence & Technology ETF	32.25%	29.24%	15.47%
TECL Direxion Daily Technology Bull 3X Shares	115.57%	38.60%	-3.02%

Correlation

The correlation between AGIX and TECL is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jul 19, 2024	0.89

The correlation between AGIX and TECL has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

AGIX vs. TECL - Sectors Allocation Comparison

Sectors	AGIX	TECL
Technology	69.6%	20.4%
Communication Services	10.5%	-
Consumer Cyclical	6.1%	-
Financial Services	5.6%	-
Industrials	2.2%	0.0%
Utilities	1.2%	-
Healthcare	0.9%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	0.0%
Real Estate	-	-

Return for Risk

AGIX vs. TECL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AGIX

AGIX Risk / Return Rank: 68
AGIX Sharpe Ratio Rank: 79
AGIX Sortino Ratio Rank: 71
AGIX Omega Ratio Rank: 68
AGIX Calmar Ratio Rank: 65
AGIX Martin Ratio Rank: 55

TECL

TECL Risk / Return Rank: 84
TECL Sharpe Ratio Rank: 96
TECL Sortino Ratio Rank: 79
TECL Omega Ratio Rank: 78
TECL Calmar Ratio Rank: 89
TECL Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AGIX vs. TECL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Artificial Intelligence & Technology ETF (AGIX) 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.

	AGIX	TECL	Difference
Sharpe ratio: Return per unit of total volatility	2.52	4.03	-1.51
Sortino ratio: Return per unit of downside risk	3.16	3.52	-0.35
Omega ratio: Gain probability vs. loss probability	1.40	1.46	-0.06
Calmar ratio: Return relative to maximum drawdown	3.19	5.39	-2.20
Martin ratio: Return relative to average drawdown	9.38	15.48	-6.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGIX vs. TECL - Sharpe Ratio Comparison

The current AGIX Sharpe Ratio is 2.52, which is lower than the TECL Sharpe Ratio of 4.03. The chart below compares the historical Sharpe Ratios of AGIX and TECL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AGIX	TECL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	4.03	-1.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.50	0.76	+0.75

Drawdowns

AGIX vs. TECL - Drawdown Comparison

The maximum AGIX drawdown since its inception was -31.48%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for AGIX and TECL.

Drawdown Indicators

	AGIX	TECL	Difference
Max Drawdown Largest peak-to-trough decline	-31.48%	-77.96%	+46.48%
Max Drawdown (1Y) Largest decline over 1 year	-19.85%	-46.58%	+26.73%
Max Drawdown (3Y) Largest decline over 3 years	—	-66.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-77.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-77.96%	—
Current Drawdown Current decline from peak	-2.81%	-7.42%	+4.61%
Average Drawdown Average peak-to-trough decline	-5.82%	-18.38%	+12.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.74%	16.19%	-9.45%

Volatility

AGIX vs. TECL - Volatility Comparison

The current volatility for KraneShares Artificial Intelligence & Technology ETF (AGIX) is 8.43%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 21.53%. This indicates that AGIX 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.

Volatility by Period

	AGIX	TECL	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.43%	21.53%	-13.10%
Volatility (6M) Calculated over the trailing 6-month period	19.87%	50.05%	-30.18%
Volatility (1Y) Calculated over the trailing 1-year period	25.13%	62.27%	-37.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.22%	74.08%	-44.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.22%	72.35%	-43.13%

AGIX vs. TECL - Expense Ratio Comparison

AGIX has a 1.00% expense ratio, which is higher than TECL's 0.91% expense ratio.

Dividends

AGIX vs. TECL - Dividend Comparison

AGIX's dividend yield for the trailing twelve months is around 0.91%, less than TECL's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AGIX KraneShares Artificial Intelligence & Technology ETF	0.91%	1.21%	0.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TECL Direxion Daily Technology Bull 3X Shares	3.30%	7.19%	0.29%	0.28%	0.22%	0.32%	0.52%	0.25%	0.47%	0.10%

Frequently Asked Questions

Can I hold both AGIX and TECL in my portfolio?

AGIX and TECL have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGIX or TECL?

TECL has higher volatility (21.53%) compared to AGIX (8.43%). In terms of maximum drawdown, AGIX dropped -31.48% vs TECL's -77.96%.

Which ETF is better, AGIX or TECL?

On 1-year performance, TECL leads with 249.35% vs 63.05% for AGIX. On fees, TECL is cheaper at 0.91% per year. On volatility, AGIX has been the lower-risk option at 8.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGIX or TECL?

Over the 1-year period, TECL has performed better with a 249.35% return vs 63.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGIX or TECL?

TECL is cheaper with a 0.91% expense ratio, compared with 1.00% for AGIX.

Which ETF pays a higher dividend yield, AGIX or TECL?

TECL has the higher dividend yield at 3.30%, compared with 0.91% for AGIX.

What is the main difference between AGIX and TECL?

AGIX is categorized as Technology Equities, while TECL is Leveraged Equities. AGIX tracks Solactive Etna Artificial General Intelligence Index, while TECL tracks Technology Select Sector Index (300%). They also come from different issuers: Kraneshares and Direxion. Their fees differ too: 1.00% for AGIX and 0.91% for TECL.

Which has better risk-adjusted returns?

TECL currently has the higher Sharpe Ratio (4.03 vs 2.52), 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.