AOTG vs. TECL

Last updated Jun 5, 2026

AOTG (AOT Growth and Innovation ETF) and TECL (Direxion Daily Technology Bull 3X Shares) are both exchange-traded funds - AOTG is a Technology Equities fund actively managed by AOT, while TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%). AOTG is actively managed, while TECL is passively managed. Over the past 3 years, AOTG returned 28.98%/yr vs 78.93%/yr for TECL. Their correlation of 0.87 suggests significant overlap in exposure. AOTG charges 0.75%/yr vs 0.91%/yr for TECL.

Performance

AOTG vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AOT Growth and Innovation ETF (AOTG) and Direxion Daily Technology Bull 3X Shares (TECL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AOTG achieves a 16.15% return, which is significantly lower than TECL's 115.57% return.

AOTG

• 1D: -0.51%
• 1M: 12.54%
• YTD: 16.15%
• 6M: 14.95%
• 1Y: 39.35%
• 3Y*: 28.98%
• 5Y*: —
• 10Y*: —

TECL

• 1D: -4.56%
• 1M: 55.10%
• YTD: 115.57%
• 6M: 106.65%
• 1Y: 249.35%
• 3Y*: 78.93%
• 5Y*: 42.11%
• 10Y*: 53.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AOTG vs. TECL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
AOTG AOT Growth and Innovation ETF	16.15%	25.26%	32.20%	54.58%	-11.53%
TECL Direxion Daily Technology Bull 3X Shares	115.57%	38.60%	36.15%	203.14%	-24.28%

Correlation

The correlation between AOTG and TECL is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022	0.87

The correlation between AOTG and TECL has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

AOTG vs. TECL - Sectors Allocation Comparison

Sectors	AOTG	TECL
Technology	62.8%	20.4%
Communication Services	16.3%	-
Financial Services	11.9%	-
Consumer Cyclical	8.1%	-
Industrials	0.7%	0.0%
Healthcare	0.3%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	0.0%
Real Estate	-	-
Utilities	-	-

Return for Risk

AOTG vs. TECL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AOTG

AOTG Risk / Return Rank: 42
AOTG Sharpe Ratio Rank: 49
AOTG Sortino Ratio Rank: 45
AOTG Omega Ratio Rank: 46
AOTG Calmar Ratio Rank: 36
AOTG Martin Ratio Rank: 34

TECL

TECL Risk / Return Rank: 84
TECL Sharpe Ratio Rank: 96
TECL Sortino Ratio Rank: 79
TECL Omega Ratio Rank: 78
TECL Calmar Ratio Rank: 89
TECL Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AOTG vs. TECL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AOT Growth and Innovation ETF (AOTG) 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.

	AOTG	TECL	Difference
Sharpe ratio: Return per unit of total volatility	1.65	4.03	-2.38
Sortino ratio: Return per unit of downside risk	2.20	3.52	-1.32
Omega ratio: Gain probability vs. loss probability	1.29	1.46	-0.17
Calmar ratio: Return relative to maximum drawdown	1.73	5.39	-3.66
Martin ratio: Return relative to average drawdown	4.98	15.48	-10.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AOTG vs. TECL - Sharpe Ratio Comparison

The current AOTG Sharpe Ratio is 1.65, which is lower than the TECL Sharpe Ratio of 4.03. The chart below compares the historical Sharpe Ratios of AOTG and TECL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AOTG	TECL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.65	4.03	-2.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.76	+0.20

Drawdowns

AOTG vs. TECL - Drawdown Comparison

The maximum AOTG drawdown since its inception was -31.63%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for AOTG and TECL.

Drawdown Indicators

	AOTG	TECL	Difference
Max Drawdown Largest peak-to-trough decline	-31.63%	-77.96%	+46.33%
Max Drawdown (1Y) Largest decline over 1 year	-22.85%	-46.58%	+23.73%
Max Drawdown (3Y) Largest decline over 3 years	-27.41%	-66.58%	+39.17%
Max Drawdown (5Y) Largest decline over 5 years	—	-77.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-77.96%	—
Current Drawdown Current decline from peak	-2.81%	-7.42%	+4.61%
Average Drawdown Average peak-to-trough decline	-7.89%	-18.38%	+10.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.93%	16.19%	-8.26%

Volatility

AOTG vs. TECL - Volatility Comparison

The current volatility for AOT Growth and Innovation ETF (AOTG) is 7.56%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 21.53%. This indicates that AOTG 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.

Volatility by Period

	AOTG	TECL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.56%	21.53%	-13.97%
Volatility (6M) Calculated over the trailing 6-month period	18.77%	50.05%	-31.28%
Volatility (1Y) Calculated over the trailing 1-year period	23.89%	62.27%	-38.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.26%	74.08%	-44.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.26%	72.35%	-43.09%

AOTG vs. TECL - Expense Ratio Comparison

AOTG has a 0.75% expense ratio, which is lower than TECL's 0.91% expense ratio.

Dividends

AOTG vs. TECL - Dividend Comparison

AOTG has not paid dividends to shareholders, while TECL's dividend yield for the trailing twelve months is around 3.30%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AOTG AOT Growth and Innovation ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TECL Direxion Daily Technology Bull 3X Shares	3.30%	7.19%	0.29%	0.28%	0.22%	0.32%	0.52%	0.25%	0.47%	0.10%

Frequently Asked Questions

Can I hold both AOTG and TECL in my portfolio?

AOTG and TECL have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AOTG or TECL?

TECL has higher volatility (21.53%) compared to AOTG (7.56%). In terms of maximum drawdown, AOTG dropped -31.63% vs TECL's -77.96%.

Which ETF is better, AOTG or TECL?

On 3-year performance, TECL leads with 78.93% vs 28.98% for AOTG. On fees, AOTG is cheaper at 0.75% per year. On volatility, AOTG has been the lower-risk option at 7.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AOTG or TECL?

Over the 3-year period, TECL has performed better with a 78.93% return vs 28.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AOTG or TECL?

AOTG is cheaper with a 0.75% expense ratio, compared with 0.91% for TECL.

Which ETF pays a higher dividend yield, AOTG or TECL?

TECL has the higher dividend yield at 3.30%, compared with 0.00% for AOTG.

What is the main difference between AOTG and TECL?

AOTG is categorized as Technology Equities, while TECL is Leveraged Equities. They also come from different issuers: AOT and Direxion. Their fees differ too: 0.75% for AOTG and 0.91% for TECL.

Which has better risk-adjusted returns?

TECL currently has the higher Sharpe Ratio (4.03 vs 1.65), 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.