ELIL vs. TECL

Last updated Aug 2, 2026

ELIL (Direxion Daily LLY Bull 2X Shares) and TECL (Direxion Daily Technology Bull 3X Shares) are both Leveraged Equities funds from Direxion. ELIL is actively managed, while TECL is passively managed. Over the past year, ELIL returned 80.38% vs 91.25% for TECL. Their 0.08 correlation means their historical movements had little consistent relationship. ELIL charges 0.97%/yr vs 0.91%/yr for TECL.

Performance

ELIL vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily LLY Bull 2X Shares (ELIL) 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, ELIL achieves a 0.09% return, which is significantly lower than TECL's 48.00% return.

ELIL

• 1D: -1.38%
• 1M: -11.08%
• 6M: 9.24%
• YTD: 0.09%
• 1Y: 80.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 25.95%

TECL

• 1D: -0.52%
• 1M: -11.12%
• 6M: 50.64%
• YTD: 48.00%
• 1Y: 91.25%
• 3Y*: 47.81%
• 5Y*: 24.87%
• 10Y*: 45.88%
• ALL TIME*: 46.64%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ELIL Direxion Daily LLY Bull 2X Shares	$2.55M	$2.84M	$2.93M
TECL Direxion Daily Technology Bull 3X Shares	$140.43M	$155.29M	$226.00M

ELIL vs. TECL - Yearly Performance Comparison

	2026 (YTD)	2025
ELIL Direxion Daily LLY Bull 2X Shares	0.09%	36.32%
TECL Direxion Daily Technology Bull 3X Shares	48.00%	79.98%

Correlation

The correlation between ELIL and TECL is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.04
Correlation (All Time) Calculated using the full available price history since Mar 26, 2025	0.08

The correlation between ELIL and TECL shifts across timeframes, from -0.04 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.

ELIL vs. TECL - Sectors Allocation Comparison

Sectors	ELIL	TECL
Healthcare	100.0%	-
Basic Materials	-	-
Communication Services	-	0.8%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	0.0%
Financial Services	-	-
Industrials	-	0.0%
Real Estate	-	-
Technology	-	99.2%
Utilities	-	-

Return for Risk

ELIL vs. TECL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ELIL

ELIL Risk / Return Rank: 51
ELIL Sharpe Ratio Rank: 48
ELIL Sortino Ratio Rank: 53
ELIL Omega Ratio Rank: 57
ELIL Calmar Ratio Rank: 55
ELIL Martin Ratio Rank: 43

TECL

TECL Risk / Return Rank: 44
TECL Sharpe Ratio Rank: 42
TECL Sortino Ratio Rank: 46
TECL Omega Ratio Rank: 45
TECL Calmar Ratio Rank: 48
TECL Martin Ratio Rank: 39

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ELIL vs. TECL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily LLY Bull 2X Shares (ELIL) 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.

	ELIL	TECL	Difference
Sharpe ratio: Return per unit of total volatility	1.20	1.05	+0.16
Sortino ratio: Return per unit of downside risk	1.89	1.66	+0.24
Omega ratio: Gain probability vs. loss probability	1.25	1.21	+0.05
Calmar ratio: Return relative to maximum drawdown	1.98	1.71	+0.27
Martin ratio: Return relative to average drawdown	4.74	4.07	+0.67

ELIL vs. TECL - Sharpe Ratio Comparison

The current ELIL Sharpe Ratio is 1.20, which is comparable to the TECL Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of ELIL 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.

Drawdowns

ELIL vs. TECL - Drawdown Comparison

The maximum ELIL drawdown since its inception was -56.03%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for ELIL and TECL.

Drawdown Indicators

	ELIL	TECL	Difference
Max Drawdown Largest peak-to-trough decline	-56.03%	-77.96%	+21.93%
Max Drawdown (1Y) Largest decline over 1 year	-46.28%	-46.58%	+0.30%
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 Drawdown Current decline from peak	-14.46%	-36.44%	+21.98%
Average Drawdown Average peak-to-trough decline	-22.30%	-18.45%	-3.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.25%	19.52%	-0.27%

Volatility

ELIL vs. TECL - Volatility Comparison

The current volatility for Direxion Daily LLY Bull 2X Shares (ELIL) is 17.72%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 28.17%. This indicates that ELIL 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

	ELIL	TECL	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.72%	28.17%	-10.45%
Volatility (6M) Calculated over the trailing 6-month period	54.55%	65.35%	-10.80%
Volatility (1Y) Calculated over the trailing 1-year period	76.19%	76.26%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.08%	76.62%	+4.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.08%	73.57%	+7.51%

ELIL vs. TECL - Expense Ratio Comparison

ELIL has a 0.97% expense ratio, which is higher than TECL's 0.91% expense ratio.

Dividends

ELIL vs. TECL - Dividend Comparison

ELIL's dividend yield for the trailing twelve months is around 11.27%, more than TECL's 4.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ELIL Direxion Daily LLY Bull 2X Shares	11.27%	10.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TECL Direxion Daily Technology Bull 3X Shares	4.81%	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 ELIL and TECL in my portfolio?

ELIL and TECL have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ELIL or TECL?

TECL has higher volatility (28.17%) compared to ELIL (17.72%). In terms of maximum drawdown, ELIL dropped -56.03% vs TECL's -77.96%.

Which ETF is better, ELIL or TECL?

On 1-year performance, TECL leads with 91.25% vs 80.38% for ELIL. On fees, TECL is cheaper at 0.91% per year. On volatility, ELIL has been the lower-risk option at 17.72%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ELIL or TECL?

Over the 1-year period, TECL has performed better with a 91.25% return vs 80.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ELIL or TECL?

TECL is cheaper with a 0.91% expense ratio, compared with 0.97% for ELIL.

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

ELIL has the higher dividend yield at 11.27%, compared with 4.81% for TECL.

What is the main difference between ELIL and TECL?

Their fees differ too: 0.97% for ELIL and 0.91% for TECL.

Which has better risk-adjusted returns?

ELIL currently has the higher Sharpe Ratio (1.20 vs 1.05), 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.