AIBD vs. TECL
AIBD (Direxion Daily AI and Big Data Bear 2X Shares) and TECL (Direxion Daily Technology Bull 3X Shares) are both exchange-traded funds - AIBD is a Inverse Equities fund tracking the Solactive US AI & Big Data Index, while TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%). Both are passively managed. Over the past year, AIBD returned -46.82% vs 151.38% for TECL. At a correlation of -0.87, they often move in opposite directions. AIBD charges 1.05%/yr vs 0.91%/yr for TECL.
Performance
AIBD vs. TECL - Performance Comparison
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Returns By Period
In the year-to-date period, AIBD achieves a -27.79% return, which is significantly lower than TECL's 75.80% return.
AIBD
- 1D
- 2.20%
- 1M
- 1.61%
- YTD
- -27.79%
- 6M
- -25.29%
- 1Y
- -46.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TECL
- 1D
- -1.95%
- 1M
- -0.73%
- YTD
- 75.80%
- 6M
- 66.96%
- 1Y
- 151.38%
- 3Y*
- 64.81%
- 5Y*
- 33.35%
- 10Y*
- 52.24%
AIBD vs. TECL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | -27.79% | -49.15% | -34.56% |
TECL Direxion Daily Technology Bull 3X Shares | 75.80% | 38.60% | 16.56% |
Correlation
The correlation between AIBD and TECL is -0.80, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.80 |
Correlation (All Time) Calculated using the full available price history since May 15, 2024 | -0.87 |
The correlation between AIBD and TECL has been stable across timeframes, ranging from -0.87 to -0.80 - a consistent structural relationship.
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Return for Risk
AIBD vs. TECL — Risk / Return Rank
AIBD
TECL
AIBD vs. TECL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AI and Big Data Bear 2X Shares (AIBD) 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.
| AIBD | TECL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.05 | ||
| Sortino ratioReturn per unit of downside risk | -3.67 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.32 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 3.27 | -4.07 |
| Martin ratioReturn relative to average drawdown | -1.60 | 8.98 | -10.58 |
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Drawdowns
AIBD vs. TECL - Drawdown Comparison
The maximum AIBD drawdown since its inception was -82.11%, which is greater than TECL's maximum drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for AIBD and TECL.
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Drawdown Indicators
| AIBD | TECL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.11% | -77.96% | -4.15% |
Max Drawdown (1Y)Largest decline over 1 year | -58.75% | -46.58% | -12.17% |
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 DrawdownCurrent decline from peak | -78.03% | -24.50% | -53.53% |
Average DrawdownAverage peak-to-trough decline | -48.92% | -18.38% | -30.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.69% | 16.92% | +12.77% |
Volatility
AIBD vs. TECL - Volatility Comparison
The current volatility for Direxion Daily AI and Big Data Bear 2X Shares (AIBD) is 21.87%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 38.17%. This indicates that AIBD 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
| AIBD | TECL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.87% | 38.17% | -16.30% |
Volatility (6M)Calculated over the trailing 6-month period | 40.48% | 59.11% | -18.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.17% | 70.02% | -15.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.27% | 75.49% | -18.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.27% | 73.00% | -15.73% |
AIBD vs. TECL - Expense Ratio Comparison
AIBD has a 1.05% expense ratio, which is higher than TECL's 0.91% expense ratio.
Dividends
AIBD vs. TECL - Dividend Comparison
AIBD's dividend yield for the trailing twelve months is around 3.49%, less than TECL's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | 3.49% | 4.37% | 3.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECL Direxion Daily Technology Bull 3X Shares | 4.05% | 7.19% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
Frequently Asked Questions
AIBD and TECL have a correlation of -0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECL has higher volatility (38.17%) compared to AIBD (21.87%). In terms of maximum drawdown, AIBD dropped -82.11% vs TECL's -77.96%.
On 1-year performance, TECL leads with 151.38% vs -46.82% for AIBD. On fees, TECL is cheaper at 0.91% per year. On volatility, AIBD has been the lower-risk option at 21.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TECL has performed better with a 151.38% return vs -46.82%. 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 1.05% for AIBD.
TECL has the higher dividend yield at 4.05%, compared with 3.49% for AIBD.
AIBD is categorized as Inverse Equities, while TECL is Leveraged Equities. AIBD tracks Solactive US AI & Big Data Index, while TECL tracks Technology Select Sector Index (300%). Their fees differ too: 1.05% for AIBD and 0.91% for TECL.
TECL currently has the higher Sharpe Ratio (2.18 vs -0.87), 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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