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 Inverse Equities 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 -50.84% vs 54.20% for TEK. At a correlation of -0.85, they often move in opposite directions. 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 -29.34% return, which is significantly lower than TEK's 35.29% return.
AIBD
- 1D
- 4.59%
- 1M
- -0.57%
- YTD
- -29.34%
- 6M
- -27.18%
- 1Y
- -50.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TEK
- 1D
- -6.11%
- 1M
- 2.84%
- YTD
- 35.29%
- 6M
- 34.17%
- 1Y
- 54.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AIBD vs. TEK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | -29.34% | -49.15% | -12.74% |
TEK iShares Technology Opportunities Active ETF | 35.29% | 18.63% | 2.63% |
Correlation
The correlation between AIBD and TEK is -0.79, 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 | -0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024 | -0.85 |
The correlation between AIBD and TEK has been stable across timeframes, ranging from -0.85 to -0.79 - 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 | -2.80 | ||
| Sortino ratioReturn per unit of downside risk | -3.84 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.32 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 2.82 | -3.69 |
| Martin ratioReturn relative to average drawdown | -1.72 | 8.01 | -9.73 |
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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% | -19.29% | -39.46% |
Current DrawdownCurrent decline from peak | -78.50% | -6.11% | -72.39% |
Average DrawdownAverage peak-to-trough decline | -48.87% | -5.87% | -43.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.08% | 6.79% | +25.29% |
Volatility
AIBD vs. TEK - Volatility Comparison
Direxion Daily AI and Big Data Bear 2X Shares (AIBD) has a higher volatility of 21.86% compared to iShares Technology Opportunities Active ETF (TEK) at 15.85%. 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 | 21.86% | 15.85% | +6.01% |
Volatility (6M)Calculated over the trailing 6-month period | 40.59% | 25.14% | +15.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.13% | 29.32% | +24.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.30% | 30.82% | +26.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.30% | 30.82% | +26.48% |
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 5.81%, more than TEK's 1.17% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | 5.81% | 4.37% | 3.58% |
TEK iShares Technology Opportunities Active ETF | 1.17% | 1.62% | 0.00% |
Frequently Asked Questions
AIBD and TEK have a correlation of -0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIBD has higher volatility (21.86%) compared to TEK (15.85%). In terms of maximum drawdown, AIBD dropped -82.11% vs TEK's -28.24%.
On 1-year performance, TEK leads with 54.20% vs -50.84% for AIBD. On fees, TEK is cheaper at 0.75% per year. On volatility, TEK has been the lower-risk option at 15.85%. 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 54.20% return vs -50.84%. 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 5.81%, compared with 1.17% for TEK.
AIBD is categorized as Inverse Equities, 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 (1.86 vs -0.94), 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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