AIBD vs. TEK
AIBD (Direxion Daily AI and Big Data Bear 2X Shares) and TEK (iShares Technology Opportunities Active ETF) are both exchange-traded funds - AIBD is a Artificial Intelligence fund tracking the Solactive US AI & Big Data Index, while TEK is a Technology Equities fund actively managed by iShares. AIBD is passively managed, while TEK is actively managed. Over the past year, AIBD returned -41.24% vs 32.86% for TEK. Their -0.84 correlation means they have often moved in opposite directions in the past. AIBD charges 1.05%/yr vs 0.75%/yr for TEK.
Performance
AIBD vs. TEK - Performance Comparison
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Returns By Period
In the year-to-date period, AIBD achieves a -31.49% return, which is significantly lower than TEK's 23.72% return.
AIBD
- 1D
- -6.61%
- 1M
- -5.41%
- 6M
- -32.88%
- YTD
- -31.49%
- 1Y
- -41.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -48.66%
TEK
- 1D
- 1.88%
- 1M
- -5.38%
- 6M
- 21.16%
- YTD
- 23.72%
- 1Y
- 32.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 25.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $519.95K | $453.46K | $480.15K | |
| $170.45K | $225.58K | $206.26K |
AIBD vs. TEK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | -31.49% | -49.15% | -12.74% |
TEK iShares Technology Opportunities Active ETF | 23.72% | 18.63% | 2.63% |
Correlation
The correlation between AIBD and TEK is -0.81, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024 | -0.84 |
The correlation between AIBD and TEK has been stable across timeframes, ranging from -0.84 to -0.81 - a consistent structural relationship.
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Return for Risk
AIBD vs. TEK — Risk / Return Rank
AIBD
TEK
AIBD vs. TEK - 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 iShares Technology Opportunities Active ETF (TEK). 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 | TEK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.19 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 1.46 | -2.17 |
| Martin ratioReturn relative to average drawdown | -1.38 | 4.19 | -5.57 |
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Drawdowns
AIBD vs. TEK - Drawdown Comparison
The maximum AIBD drawdown since its inception was -82.11%, which is greater than TEK's maximum drawdown of -28.24%. Use the drawdown chart below to compare losses from any high point for AIBD and TEK.
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Drawdown Indicators
| AIBD | TEK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.11% | -28.24% | -53.87% |
Max Drawdown (1Y)Largest decline over 1 year | -58.75% | -22.55% | -36.20% |
Current DrawdownCurrent decline from peak | -79.15% | -14.14% | -65.01% |
Average DrawdownAverage peak-to-trough decline | -50.32% | -6.19% | -44.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.92% | 7.87% | +22.05% |
Volatility
AIBD vs. TEK - Volatility Comparison
Direxion Daily AI and Big Data Bear 2X Shares (AIBD) has a higher volatility of 19.15% compared to iShares Technology Opportunities Active ETF (TEK) at 14.50%. This indicates that AIBD's price experiences larger fluctuations and is considered to be riskier than TEK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIBD | TEK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.15% | 14.50% | +4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 44.02% | 29.25% | +14.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.47% | 33.21% | +23.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.51% | 32.23% | +25.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.51% | 32.23% | +25.28% |
AIBD vs. TEK - Expense Ratio Comparison
AIBD has a 1.05% expense ratio, which is higher than TEK's 0.75% expense ratio.
Dividends
AIBD vs. TEK - Dividend Comparison
AIBD's dividend yield for the trailing twelve months is around 3.68%, more than TEK's 1.28% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | 3.68% | 4.37% | 3.58% |
TEK iShares Technology Opportunities Active ETF | 1.28% | 1.62% | 0.00% |
Frequently Asked Questions
AIBD and TEK have a correlation of -0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIBD has higher volatility (19.15%) compared to TEK (14.50%). In terms of maximum drawdown, AIBD dropped -82.11% vs TEK's -28.24%.
On 1-year performance, TEK leads with 32.86% vs -41.24% for AIBD. On fees, TEK is cheaper at 0.75% per year. On volatility, TEK has been the lower-risk option at 14.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TEK has performed better with a 32.86% return vs -41.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TEK is cheaper with a 0.75% expense ratio, compared with 1.05% for AIBD.
AIBD has the higher dividend yield at 3.68%, compared with 1.28% for TEK.
AIBD is categorized as Artificial Intelligence, while TEK is Technology Equities. They also come from different issuers: Direxion and iShares. Their fees differ too: 1.05% for AIBD and 0.75% for TEK.
TEK currently has the higher Sharpe Ratio (1.00 vs -0.73), 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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