AMZD vs. TECL
AMZD (Direxion Daily AMZN Bear 1X Shares) and TECL (Direxion Daily Technology Bull 3X Shares) are both exchange-traded funds - AMZD is a Inverse Equities fund tracking the Amazon.com, Inc. (-100%), while TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%). Both are passively managed. Over the past 3 years, AMZD returned -24.09%/yr vs 47.81%/yr for TECL. Their -0.61 correlation means they have often moved in opposite directions in the past. AMZD charges 1.09%/yr vs 0.91%/yr for TECL.
Performance
AMZD vs. TECL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AMZD achieves a -18.67% return, which is significantly lower than TECL's 48.00% return.
AMZD
- 1D
- -15.20%
- 1M
- -13.01%
- 6M
- -15.74%
- YTD
- -18.67%
- 1Y
- -25.04%
- 3Y*
- -24.09%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -21.25%
TECL
- 1D
- -0.52%
- 1M
- -11.12%
- 6M
- 50.64%
- YTD
- 48.00%
- 1Y
- 91.25%
- 3Y*
- 47.81%
- 5Y*
- 24.87%
- 10Y*
- 45.88%
- ALL TIME*
- 46.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $135.48M | $132.64M | $131.29M | |
| $140.43M | $155.29M | $226.00M |
AMZD vs. TECL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AMZD Direxion Daily AMZN Bear 1X Shares | -18.67% | -9.84% | -30.80% | -46.50% | 45.25% |
TECL Direxion Daily Technology Bull 3X Shares | 48.00% | 38.60% | 36.15% | 203.14% | -26.13% |
Correlation
The correlation between AMZD and TECL is -0.45, 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. | -0.45 |
Correlation (3Y) Balances recent behavior with more history. | -0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022 | -0.61 |
The correlation between AMZD and TECL shifts across timeframes, from -0.61 (all time) to -0.45 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AMZD vs. TECL — Risk / Return Rank
AMZD
TECL
AMZD vs. TECL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AMZN Bear 1X Shares (AMZD) 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.
| AMZD | TECL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.21 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 1.71 | -2.36 |
| Martin ratioReturn relative to average drawdown | -1.37 | 4.07 | -5.44 |
Loading charts...
Drawdowns
AMZD vs. TECL - Drawdown Comparison
The maximum AMZD drawdown since its inception was -73.54%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for AMZD and TECL.
Loading charts...
Drawdown Indicators
| AMZD | TECL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.54% | -77.96% | +4.42% |
Max Drawdown (1Y)Largest decline over 1 year | -29.56% | -46.58% | +17.02% |
Max Drawdown (3Y)Largest decline over 3 years | -59.93% | -66.58% | +6.65% |
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 | -73.54% | -36.44% | -37.10% |
Average DrawdownAverage peak-to-trough decline | -49.89% | -18.45% | -31.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.01% | 19.52% | -5.51% |
Volatility
AMZD vs. TECL - Volatility Comparison
The current volatility for Direxion Daily AMZN Bear 1X Shares (AMZD) is 18.51%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 28.17%. This indicates that AMZD 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.
Loading charts...
Volatility by Period
| AMZD | TECL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.51% | 28.17% | -9.66% |
Volatility (6M)Calculated over the trailing 6-month period | 27.88% | 65.35% | -37.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.31% | 76.26% | -40.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.25% | 76.62% | -42.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.25% | 73.57% | -39.32% |
AMZD vs. TECL - Expense Ratio Comparison
AMZD has a 1.09% expense ratio, which is higher than TECL's 0.91% expense ratio.
Dividends
AMZD vs. TECL - Dividend Comparison
AMZD's dividend yield for the trailing twelve months is around 3.81%, less than TECL's 4.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AMZD Direxion Daily AMZN Bear 1X Shares | 3.81% | 3.61% | 5.15% | 6.83% | 2.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECL Direxion Daily Technology Bull 3X Shares | 4.81% | 7.19% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
Frequently Asked Questions
AMZD and TECL have a correlation of -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECL has higher volatility (28.17%) compared to AMZD (18.51%). In terms of maximum drawdown, AMZD dropped -73.54% vs TECL's -77.96%.
On 3-year performance, TECL leads with 47.81% vs -24.09% for AMZD. On fees, TECL is cheaper at 0.91% per year. On volatility, AMZD has been the lower-risk option at 18.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TECL has performed better with a 47.81% return vs -24.09%. 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 1.09% for AMZD.
TECL has the higher dividend yield at 4.81%, compared with 3.81% for AMZD.
AMZD is categorized as Inverse Equities, while TECL is Leveraged Equities. AMZD tracks Amazon.com, Inc. (-100%), while TECL tracks Technology Select Sector Index (300%). Their fees differ too: 1.09% for AMZD and 0.91% for TECL.
TECL currently has the higher Sharpe Ratio (1.05 vs -0.54), 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.
Find the right allocation for AMZD and TECL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer