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 -85.10% vs 267.85% for TECL. At a correlation of -0.68, they often move in opposite directions. 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 -67.83% return, which is significantly lower than TECL's 125.87% return.
AMDD
- 1D
- -4.47%
- 1M
- -41.37%
- YTD
- -67.83%
- 6M
- -67.43%
- 1Y
- -85.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TECL
- 1D
- -2.99%
- 1M
- 73.10%
- YTD
- 125.87%
- 6M
- 118.69%
- 1Y
- 267.85%
- 3Y*
- 80.64%
- 5Y*
- 43.44%
- 10Y*
- 54.49%
AMDD vs. TECL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AMDD Direxion Daily AMD Bear 1X Shares | -67.83% | -60.76% |
TECL Direxion Daily Technology Bull 3X Shares | 125.87% | 37.55% |
Correlation
The correlation between AMDD and TECL is -0.62, 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 | -0.62 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025 | -0.68 |
The correlation between AMDD and TECL has been stable across timeframes, ranging from -0.68 to -0.62 - 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.
| AMDD | TECL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.66 | ||
| Sortino ratioReturn per unit of downside risk | -6.70 | ||
| Omega ratioGain probability vs. loss probability | 0.61 | 1.48 | -0.87 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 5.79 | -6.79 |
| Martin ratioReturn relative to average drawdown | -1.62 | 16.63 | -18.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMDD | TECL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.31 | 4.35 | -5.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.21 | 0.76 | -1.98 |
Drawdowns
AMDD vs. TECL - Drawdown Comparison
The maximum AMDD drawdown since its inception was -90.88%, 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 | -90.88% | -77.96% | -12.92% |
Max Drawdown (1Y)Largest decline over 1 year | -85.34% | -46.58% | -38.76% |
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 | -90.88% | -2.99% | -87.89% |
Average DrawdownAverage peak-to-trough decline | -56.26% | -18.38% | -37.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.65% | 16.19% | +36.46% |
Volatility
AMDD vs. TECL - Volatility Comparison
Direxion Daily AMD Bear 1X Shares (AMDD) has a higher volatility of 27.50% compared to Direxion Daily Technology Bull 3X Shares (TECL) at 20.70%. This indicates that AMDD's price experiences larger fluctuations and is considered to be riskier 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 | 27.50% | 20.70% | +6.80% |
Volatility (6M)Calculated over the trailing 6-month period | 48.96% | 49.83% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.96% | 62.17% | +2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.71% | 74.09% | -8.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.71% | 72.35% | -6.64% |
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 18.24%, more than TECL's 3.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AMDD Direxion Daily AMD Bear 1X Shares | 18.24% | 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 | 3.15% | 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 -0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMDD has higher volatility (27.50%) compared to TECL (20.70%). In terms of maximum drawdown, AMDD dropped -90.88% vs TECL's -77.96%.
On 1-year performance, TECL leads with 267.85% vs -85.10% for AMDD. On fees, TECL is cheaper at 0.91% per year. On volatility, TECL has been the lower-risk option at 20.70%. 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 267.85% return vs -85.10%. 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 18.24%, compared with 3.15% 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 (4.35 vs -1.31), 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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