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BERZ vs. TECL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BERZ and TECL is -0.88. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.9

Performance

BERZ vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) and Direxion Daily Technology Bull 3X Shares (TECL). The values are adjusted to include any dividend payments, if applicable.

-100.00%-50.00%0.00%50.00%NovemberDecember2025FebruaryMarchApril
-95.33%
-13.03%
BERZ
TECL

Key characteristics

Sharpe Ratio

BERZ:

-0.65

TECL:

-0.21

Sortino Ratio

BERZ:

-0.69

TECL:

0.29

Omega Ratio

BERZ:

0.91

TECL:

1.04

Calmar Ratio

BERZ:

-0.65

TECL:

-0.28

Martin Ratio

BERZ:

-1.37

TECL:

-0.71

Ulcer Index

BERZ:

46.67%

TECL:

26.45%

Daily Std Dev

BERZ:

99.00%

TECL:

88.96%

Max Drawdown

BERZ:

-97.97%

TECL:

-77.96%

Current Drawdown

BERZ:

-97.48%

TECL:

-53.68%

Returns By Period

In the year-to-date period, BERZ achieves a -11.06% return, which is significantly higher than TECL's -42.68% return.


BERZ

YTD

-11.06%

1M

-7.10%

6M

-28.91%

1Y

-61.06%

5Y*

N/A

10Y*

N/A

TECL

YTD

-42.68%

1M

-25.56%

6M

-42.48%

1Y

-23.16%

5Y*

29.24%

10Y*

29.91%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


BERZ vs. TECL - Expense Ratio Comparison

BERZ has a 0.95% expense ratio, which is lower than TECL's 1.08% expense ratio.


Expense ratio chart for TECL: current value is 1.08%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TECL: 1.08%
Expense ratio chart for BERZ: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BERZ: 0.95%

Risk-Adjusted Performance

BERZ vs. TECL — Risk-Adjusted Performance Rank

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

BERZ
The Risk-Adjusted Performance Rank of BERZ is 33
Overall Rank
The Sharpe Ratio Rank of BERZ is 33
Sharpe Ratio Rank
The Sortino Ratio Rank of BERZ is 44
Sortino Ratio Rank
The Omega Ratio Rank of BERZ is 44
Omega Ratio Rank
The Calmar Ratio Rank of BERZ is 11
Calmar Ratio Rank
The Martin Ratio Rank of BERZ is 33
Martin Ratio Rank

TECL
The Risk-Adjusted Performance Rank of TECL is 1919
Overall Rank
The Sharpe Ratio Rank of TECL is 1313
Sharpe Ratio Rank
The Sortino Ratio Rank of TECL is 3232
Sortino Ratio Rank
The Omega Ratio Rank of TECL is 3131
Omega Ratio Rank
The Calmar Ratio Rank of TECL is 77
Calmar Ratio Rank
The Martin Ratio Rank of TECL is 1010
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BERZ vs. TECL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) 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.


The chart of Sharpe ratio for BERZ, currently valued at -0.65, compared to the broader market-1.000.001.002.003.004.00
BERZ: -0.65
TECL: -0.21
The chart of Sortino ratio for BERZ, currently valued at -0.69, compared to the broader market-2.000.002.004.006.008.00
BERZ: -0.69
TECL: 0.29
The chart of Omega ratio for BERZ, currently valued at 0.91, compared to the broader market0.501.001.502.002.50
BERZ: 0.91
TECL: 1.04
The chart of Calmar ratio for BERZ, currently valued at -0.65, compared to the broader market0.002.004.006.008.0010.0012.00
BERZ: -0.65
TECL: -0.28
The chart of Martin ratio for BERZ, currently valued at -1.37, compared to the broader market0.0020.0040.0060.00
BERZ: -1.37
TECL: -0.71

The current BERZ Sharpe Ratio is -0.65, which is lower than the TECL Sharpe Ratio of -0.21. The chart below compares the historical Sharpe Ratios of BERZ and TECL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.00NovemberDecember2025FebruaryMarchApril
-0.65
-0.21
BERZ
TECL

Dividends

BERZ vs. TECL - Dividend Comparison

BERZ has not paid dividends to shareholders, while TECL's dividend yield for the trailing twelve months is around 0.69%.


TTM20242023202220212020201920182017
BERZ
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN
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
0.69%0.29%0.28%0.22%0.32%0.52%0.25%0.47%0.10%

Drawdowns

BERZ vs. TECL - Drawdown Comparison

The maximum BERZ drawdown since its inception was -97.97%, which is greater than TECL's maximum drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for BERZ and TECL. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-97.48%
-53.68%
BERZ
TECL

Volatility

BERZ vs. TECL - Volatility Comparison

MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) has a higher volatility of 73.78% compared to Direxion Daily Technology Bull 3X Shares (TECL) at 54.77%. This indicates that BERZ'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.


10.00%20.00%30.00%40.00%50.00%60.00%70.00%NovemberDecember2025FebruaryMarchApril
73.78%
54.77%
BERZ
TECL