DVXK vs. TECL
DVXK (WEBs Technology XLK Defined Volatility ETF) and TECL (Direxion Daily Technology Bull 3X Shares) are both exchange-traded funds - DVXK is a Technology Equities fund tracking the Syntax Defined Volatility XLK Index, while TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%). Both are passively managed. With a 0.99 correlation, they move nearly in lockstep. DVXK charges 0.89%/yr vs 0.91%/yr for TECL.
Performance
DVXK vs. TECL - Performance Comparison
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Returns By Period
In the year-to-date period, DVXK achieves a 30.18% return, which is significantly lower than TECL's 75.80% return.
DVXK
- 1D
- -0.62%
- 1M
- 1.58%
- YTD
- 30.18%
- 6M
- 26.55%
- 1Y
- —
- 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%
DVXK vs. TECL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DVXK WEBs Technology XLK Defined Volatility ETF | 30.18% | 16.30% |
TECL Direxion Daily Technology Bull 3X Shares | 75.80% | 26.35% |
Correlation
The correlation between DVXK and TECL is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.99 |
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Return for Risk
DVXK vs. TECL — Risk / Return Rank
DVXK
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TECL
DVXK vs. TECL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WEBs Technology XLK Defined Volatility ETF (DVXK) 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.
| DVXK | 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
DVXK vs. TECL - Drawdown Comparison
The maximum DVXK drawdown since its inception was -24.08%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for DVXK and TECL.
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Drawdown Indicators
| DVXK | TECL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.08% | -77.96% | +53.88% |
Max Drawdown (1Y)Largest decline over 1 year | — | -46.58% | — |
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 | -9.98% | -24.50% | +14.52% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -18.38% | +11.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.92% | — |
Volatility
DVXK vs. TECL - Volatility Comparison
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Volatility by Period
| DVXK | 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 | 33.30% | 70.02% | -36.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.30% | 75.49% | -42.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.30% | 73.00% | -39.70% |
DVXK vs. TECL - Expense Ratio Comparison
DVXK has a 0.89% expense ratio, which is lower than TECL's 0.91% expense ratio.
Dividends
DVXK vs. TECL - Dividend Comparison
DVXK's dividend yield for the trailing twelve months is around 2.55%, less than TECL's 4.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DVXK WEBs Technology XLK Defined Volatility ETF | 2.55% | 3.32% | 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
With a correlation of 0.99, DVXK and TECL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, DVXK is cheaper at 0.89% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DVXK is cheaper with a 0.89% expense ratio, compared with 0.91% for TECL.
TECL has the higher dividend yield at 4.05%, compared with 2.55% for DVXK.
DVXK is categorized as Technology Equities, while TECL is Leveraged Equities. DVXK tracks Syntax Defined Volatility XLK Index, while TECL tracks Technology Select Sector Index (300%). They also come from different issuers: WEBs and Direxion. Their fees differ too: 0.89% for DVXK and 0.91% for TECL.
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