AMDD vs. TECL
AMDD (Direxion Daily AMD Bear 1X Shares) and TECL (Direxion Daily Technology Bull 3X Shares) are both exchange-traded funds - AMDD is a Inverse Equities fund actively managed by Direxion, while TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%). AMDD is actively managed, while TECL is passively managed. Over the past year, AMDD returned -77.50% vs 99.73% for TECL. Their -0.73 correlation means they have often moved in opposite directions in the past. AMDD charges 0.97%/yr vs 0.91%/yr for TECL.
Performance
AMDD vs. TECL - Performance Comparison
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Returns By Period
In the year-to-date period, AMDD achieves a -67.52% return, which is significantly lower than TECL's 54.56% return.
AMDD
- 1D
- -1.64%
- 1M
- 1.07%
- 6M
- -61.99%
- YTD
- -67.52%
- 1Y
- -77.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -75.52%
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) |
|---|---|---|---|
| $19.29M | $38.66M | $56.16M | |
| $142.34M | $148.61M | $225.94M |
AMDD vs. TECL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AMDD Direxion Daily AMD Bear 1X Shares | -67.52% | -61.12% |
TECL Direxion Daily Technology Bull 3X Shares | 54.56% | 36.73% |
Correlation
The correlation between AMDD and TECL is -0.72, 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. | -0.72 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025 | -0.73 |
The correlation between AMDD and TECL has been stable across timeframes, ranging from -0.73 to -0.72 - a consistent structural relationship.
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Return for Risk
AMDD vs. TECL — Risk / Return Rank
AMDD
TECL
AMDD vs. TECL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMD Bear 1X Shares (AMDD) 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.
| AMDD | TECL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.98 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.24 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 2.15 | -3.10 |
| Martin ratioReturn relative to average drawdown | -1.52 | 5.10 | -6.61 |
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Drawdowns
AMDD vs. TECL - Drawdown Comparison
The maximum AMDD drawdown since its inception was -91.84%, which is greater than TECL's maximum drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for AMDD and TECL.
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Drawdown Indicators
| AMDD | TECL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.84% | -77.96% | -13.88% |
Max Drawdown (1Y)Largest decline over 1 year | -82.18% | -46.58% | -35.60% |
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 | -90.79% | -33.62% | -57.17% |
Average DrawdownAverage peak-to-trough decline | -59.97% | -18.45% | -41.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.11% | 19.63% | +31.48% |
Volatility
AMDD vs. TECL - Volatility Comparison
The current volatility for Direxion Daily AMD Bear 1X Shares (AMDD) is 25.42%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 27.41%. This indicates that AMDD 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
| AMDD | TECL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.42% | 27.41% | -1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 57.49% | 65.16% | -7.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.65% | 76.18% | -4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.16% | 76.67% | -8.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.16% | 73.61% | -5.45% |
AMDD vs. TECL - Expense Ratio Comparison
AMDD has a 0.97% expense ratio, which is higher than TECL's 0.91% expense ratio.
Dividends
AMDD vs. TECL - Dividend Comparison
AMDD's dividend yield for the trailing twelve months is around 13.33%, more than TECL's 4.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AMDD Direxion Daily AMD Bear 1X Shares | 13.33% | 5.51% | 0.00% | 0.00% | 0.00% | 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
AMDD and TECL have a correlation of -0.72, 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 AMDD (25.42%). In terms of maximum drawdown, AMDD dropped -91.84% vs TECL's -77.96%.
On 1-year performance, TECL leads with 99.73% vs -77.50% for AMDD. On fees, TECL is cheaper at 0.91% per year. On volatility, AMDD has been the lower-risk option at 25.42%. 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 99.73% return vs -77.50%. 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 0.97% for AMDD.
AMDD has the higher dividend yield at 13.33%, compared with 4.61% for TECL.
AMDD is categorized as Inverse Equities, while TECL is Leveraged Equities. Their fees differ too: 0.97% for AMDD and 0.91% for TECL.
TECL currently has the higher Sharpe Ratio (1.32 vs -1.09), 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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