CSCS vs. TECL
CSCS (Direxion Daily CSCO Bear 1X Shares) and TECL (Direxion Daily Technology Bull 3X Shares) are both exchange-traded funds - CSCS is a Inverse Equities fund managed by Direxion, while TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%). Over the past year, CSCS returned -46.14% vs 151.38% for TECL. At a correlation of -0.46, they often move in opposite directions. CSCS charges 1.00%/yr vs 0.91%/yr for TECL.
Performance
CSCS vs. TECL - Performance Comparison
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Returns By Period
In the year-to-date period, CSCS achieves a -39.33% return, which is significantly lower than TECL's 75.80% return.
CSCS
- 1D
- 0.93%
- 1M
- 0.03%
- YTD
- -39.33%
- 6M
- -38.37%
- 1Y
- -46.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TECL
- 1D
- -1.95%
- 1M
- -0.73%
- YTD
- 75.80%
- 6M
- 66.96%
- 1Y
- 151.38%
- 3Y*
- 64.81%
- 5Y*
- 33.35%
- 10Y*
- 52.24%
CSCS vs. TECL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CSCS Direxion Daily CSCO Bear 1X Shares | -39.33% | -11.22% |
TECL Direxion Daily Technology Bull 3X Shares | 75.80% | 43.00% |
Correlation
The correlation between CSCS and TECL is -0.46, 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 (All Time) Calculated using the full available price history since Jun 25, 2025 | -0.46 |
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Return for Risk
CSCS vs. TECL — Risk / Return Rank
CSCS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TECL
CSCS vs. TECL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSCO Bear 1X Shares (CSCS) 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.
| CSCS | TECL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.27 | — |
| Martin ratioReturn relative to average drawdown | — | 8.98 | — |
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Drawdowns
CSCS vs. TECL - Drawdown Comparison
The maximum CSCS drawdown since its inception was -51.58%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for CSCS and TECL.
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Drawdown Indicators
| CSCS | TECL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.58% | -77.96% | +26.38% |
Max Drawdown (1Y)Largest decline over 1 year | -51.58% | -46.58% | -5.00% |
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 | -47.68% | -24.50% | -23.18% |
Average DrawdownAverage peak-to-trough decline | -15.57% | -18.38% | +2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.92% | — |
Volatility
CSCS vs. TECL - Volatility Comparison
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Volatility by Period
| CSCS | TECL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 38.17% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 59.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 31.11% | 70.02% | -38.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.11% | 75.49% | -44.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.11% | 73.00% | -41.89% |
CSCS vs. TECL - Expense Ratio Comparison
CSCS has a 1.00% expense ratio, which is higher than TECL's 0.91% expense ratio.
Dividends
CSCS vs. TECL - Dividend Comparison
CSCS's dividend yield for the trailing twelve months is around 4.70%, more than TECL's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CSCS Direxion Daily CSCO Bear 1X Shares | 4.70% | 1.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECL Direxion Daily Technology Bull 3X Shares | 4.05% | 7.19% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
Frequently Asked Questions
CSCS and TECL have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, TECL leads with 151.38% vs -46.14% for CSCS. On fees, TECL is cheaper at 0.91% per year. 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 151.38% return vs -46.14%. 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 1.00% for CSCS.
CSCS has the higher dividend yield at 4.70%, compared with 4.05% for TECL.
CSCS is categorized as Inverse Equities, while TECL is Leveraged Equities. Their fees differ too: 1.00% for CSCS and 0.91% for TECL.
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