BULD vs. TECL
BULD (Pacer BlueStar Engineering the Future ETF) and TECL (Direxion Daily Technology Bull 3X Shares) are both exchange-traded funds - BULD is a Technology Equities fund tracking the BlueStar Robotics & 3D Printing Index, while TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%). Both are passively managed. Over the past 3 years, BULD returned 18.64%/yr vs 80.64%/yr for TECL. A 0.78 correlation means they provide meaningful diversification when combined. BULD charges 0.60%/yr vs 0.91%/yr for TECL.
Performance
BULD vs. TECL - Performance Comparison
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Returns By Period
In the year-to-date period, BULD achieves a 34.29% return, which is significantly lower than TECL's 125.87% return.
BULD
- 1D
- -0.38%
- 1M
- 14.07%
- YTD
- 34.29%
- 6M
- 30.65%
- 1Y
- 64.78%
- 3Y*
- 18.64%
- 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%
BULD vs. TECL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BULD Pacer BlueStar Engineering the Future ETF | 34.29% | 23.20% | -3.93% | 28.27% | -12.41% |
TECL Direxion Daily Technology Bull 3X Shares | 125.87% | 38.60% | 36.15% | 203.14% | -46.81% |
Correlation
The correlation between BULD and TECL is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 6, 2022 | 0.78 |
The correlation between BULD and TECL has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
BULD vs. TECL — Risk / Return Rank
BULD
TECL
BULD vs. TECL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer BlueStar Engineering the Future ETF (BULD) 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.
| BULD | TECL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.48 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.21 | 5.79 | -1.58 |
| Martin ratioReturn relative to average drawdown | 13.30 | 16.63 | -3.33 |
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
| BULD | TECL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 4.35 | -2.01 |
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 | 0.55 | 0.76 | -0.21 |
Drawdowns
BULD vs. TECL - Drawdown Comparison
The maximum BULD drawdown since its inception was -27.64%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for BULD and TECL.
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Drawdown Indicators
| BULD | TECL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.64% | -77.96% | +50.32% |
Max Drawdown (1Y)Largest decline over 1 year | -15.48% | -46.58% | +31.10% |
Max Drawdown (3Y)Largest decline over 3 years | -27.64% | -66.58% | +38.94% |
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 | -0.38% | -2.99% | +2.61% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -18.38% | +10.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 16.19% | -11.31% |
Volatility
BULD vs. TECL - Volatility Comparison
The current volatility for Pacer BlueStar Engineering the Future ETF (BULD) is 8.50%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 20.70%. This indicates that BULD 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
| BULD | TECL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.50% | 20.70% | -12.20% |
Volatility (6M)Calculated over the trailing 6-month period | 21.34% | 49.83% | -28.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.85% | 62.17% | -34.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.73% | 74.09% | -46.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.73% | 72.35% | -44.62% |
BULD vs. TECL - Expense Ratio Comparison
BULD has a 0.60% expense ratio, which is lower than TECL's 0.91% expense ratio.
Dividends
BULD vs. TECL - Dividend Comparison
BULD's dividend yield for the trailing twelve months is around 0.92%, less than TECL's 3.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BULD Pacer BlueStar Engineering the Future ETF | 0.92% | 1.24% | 0.18% | 0.21% | 0.08% | 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
BULD and TECL have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECL has higher volatility (20.70%) compared to BULD (8.50%). In terms of maximum drawdown, BULD dropped -27.64% vs TECL's -77.96%.
On 3-year performance, TECL leads with 80.64% vs 18.64% for BULD. On fees, BULD is cheaper at 0.60% per year. On volatility, BULD has been the lower-risk option at 8.50%. 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 80.64% return vs 18.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BULD is cheaper with a 0.60% expense ratio, compared with 0.91% for TECL.
TECL has the higher dividend yield at 3.15%, compared with 0.92% for BULD.
BULD is categorized as Technology Equities, while TECL is Leveraged Equities. BULD tracks BlueStar Robotics & 3D Printing Index, while TECL tracks Technology Select Sector Index (300%). They also come from different issuers: Pacer and Direxion. Their fees differ too: 0.60% for BULD and 0.91% for TECL.
TECL currently has the higher Sharpe Ratio (4.35 vs 2.34), 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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