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FNGG vs. TECL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FNGG vs. TECL

Last updated Jun 24, 2026

FNGG (Direxion Daily NYSE FANG+ Bull 2X Shares) and TECL (Direxion Daily Technology Bull 3X Shares) are both Leveraged Equities funds from Direxion - FNGG tracks the NYSE FANG+ Index (2x Leveraged) while TECL tracks the Technology Select Sector Index (300%). Both are passively managed. Over the past 3 years, FNGG returned 48.04%/yr vs 65.84%/yr for TECL. Their correlation of 0.87 suggests significant overlap in exposure. FNGG charges 0.97%/yr vs 0.91%/yr for TECL.

Performance

FNGG vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) and Direxion Daily Technology Bull 3X Shares (TECL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FNGG achieves a 5.64% return, which is significantly lower than TECL's 79.13% return.

FNGG

1D
-4.89%
1M
-7.16%
YTD
5.64%
6M
2.41%
1Y
24.87%
3Y*
48.04%
5Y*
—
10Y*
—

TECL

1D
-12.35%
1M
1.15%
YTD
79.13%
6M
71.47%
1Y
169.88%
3Y*
65.84%
5Y*
33.78%
10Y*
52.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FNGG vs. TECL - Yearly Performance Comparison

2026 (YTD)20252024202320222021
FNGG
Direxion Daily NYSE FANG+ Bull 2X Shares		5.64%27.21%98.76%204.23%-87.15%-4.05%
TECL
Direxion Daily Technology Bull 3X Shares		79.13%38.60%36.15%203.14%-74.32%49.46%

Correlation

The correlation between FNGG and TECL is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.85

Correlation (3Y)
Calculated over the trailing 3-year period

0.87

Correlation (All Time)
Calculated using the full available price history since Sep 30, 2021

0.87

The correlation between FNGG and TECL has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

FNGG vs. TECL - Sectors Allocation Comparison

Sectors
FNGG
TECL

Technology

64.5%
22.4%

Communication Services

25.2%

-

Consumer Cyclical

10.3%

-

Basic Materials

-

-

Consumer Defensive

-

-

Energy

-

0.0%

Financial Services

-

-

Healthcare

-

-

Industrials

-

0.0%

Real Estate

-

-

Utilities

-

-

Technology

FNGG
64.5%
TECL
22.4%

Communication Services

FNGG
25.2%
TECL

-

Consumer Cyclical

FNGG
10.3%
TECL

-

Basic Materials

FNGG

-

TECL

-

Consumer Defensive

FNGG

-

TECL

-

Energy

FNGG

-

TECL
0.0%

Financial Services

FNGG

-

TECL

-

Healthcare

FNGG

-

TECL

-

Industrials

FNGG

-

TECL
0.0%

Real Estate

FNGG

-

TECL

-

Utilities

FNGG

-

TECL

-

Compare stocks, funds, or ETFs

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

Direxion Daily NYSE FANG+ Bull 2X Shares

Direxion Daily Technology Bull 3X Shares

Often compared with FNGG:
FNGG vs. FNGUFNGG vs. FNGOFNGG vs. TQQQFNGG vs. SOXLFNGG vs. QQQUFNGG vs. QLDFNGG vs. NVDL
Often compared with TECL:
TECL vs. TQQQTECL vs. SOXLTECL vs. TECSTECL vs. QQQTECL vs. FNGUTECL vs. BULZTECL vs. VGT

Return for Risk

FNGG vs. TECL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FNGG
FNGG Risk / Return Rank: 1818
Overall Rank
FNGG Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
FNGG Sortino Ratio Rank: 1919
Sortino Ratio Rank
FNGG Omega Ratio Rank: 1919
Omega Ratio Rank
FNGG Calmar Ratio Rank: 1515
Calmar Ratio Rank
FNGG Martin Ratio Rank: 1616
Martin Ratio Rank
TECL
TECL Risk / Return Rank: 6565
Overall Rank
TECL Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
TECL Sortino Ratio Rank: 5555
Sortino Ratio Rank
TECL Omega Ratio Rank: 5858
Omega Ratio Rank
TECL Calmar Ratio Rank: 7474
Calmar Ratio Rank
TECL Martin Ratio Rank: 5959
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FNGG vs. TECL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) 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.

FNGGTECLDifference
Sharpe ratioReturn per unit of total volatility
0.57
2.44

-1.87

Sortino ratioReturn per unit of downside risk
1.04
2.56

-1.52

Omega ratioGain probability vs. loss probability

1.13

1.34

-0.22

Calmar ratioReturn relative to maximum drawdown

0.58

3.67

-3.09

Martin ratioReturn relative to average drawdown

1.50

10.12

-8.62

FNGG vs. TECL - Sharpe Ratio Comparison

The current FNGG Sharpe Ratio is 0.57, which is lower than the TECL Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of FNGG 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.

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Drawdowns

FNGG vs. TECL - Drawdown Comparison

The maximum FNGG drawdown since its inception was -91.33%, which is greater than TECL's maximum drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for FNGG and TECL.

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Drawdown Indicators

FNGGTECLDifference

Max Drawdown

Largest peak-to-trough decline

-91.33%

-77.96%

-13.37%

Max Drawdown (1Y)

Largest decline over 1 year

-43.01%

-46.58%

+3.57%

Max Drawdown (3Y)

Largest decline over 3 years

-47.03%

-66.58%

+19.55%

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

-21.87%

-23.07%

+1.20%

Average Drawdown

Average peak-to-trough decline

-55.56%

-18.38%

-37.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

16.65%

16.85%

-0.20%

Volatility

FNGG vs. TECL - Volatility Comparison

The current volatility for Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) is 21.11%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 38.27%. This indicates that FNGG 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

FNGGTECLDifference

Volatility (1M)

Calculated over the trailing 1-month period

21.11%

38.27%

-17.16%

Volatility (6M)

Calculated over the trailing 6-month period

35.05%

59.36%

-24.31%

Volatility (1Y)

Calculated over the trailing 1-year period

43.67%

70.05%

-26.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

67.80%

75.49%

-7.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

67.80%

73.01%

-5.21%

FNGG vs. TECL - Expense Ratio Comparison

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

Dividends

FNGG vs. TECL - Dividend Comparison

FNGG's dividend yield for the trailing twelve months is around 11.22%, more than TECL's 3.97% yield.

PositionTTM202520242023202220212020201920182017
FNGG
Direxion Daily NYSE FANG+ Bull 2X Shares		11.22%11.89%0.79%0.88%0.00%4.99%0.00%0.00%0.00%0.00%
TECL
Direxion Daily Technology Bull 3X Shares		3.97%7.19%0.29%0.28%0.22%0.32%0.52%0.25%0.47%0.10%

Frequently Asked Questions

FNGG and TECL have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TECL has higher volatility (38.27%) compared to FNGG (21.11%). In terms of maximum drawdown, FNGG dropped -91.33% vs TECL's -77.96%.

On 3-year performance, TECL leads with 65.84% vs 48.04% for FNGG. On fees, TECL is cheaper at 0.91% per year. On volatility, FNGG has been the lower-risk option at 21.11%. 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 65.84% return vs 48.04%. 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 0.97% for FNGG.

FNGG has the higher dividend yield at 11.22%, compared with 3.97% for TECL.

FNGG tracks NYSE FANG+ Index (2x Leveraged), while TECL tracks Technology Select Sector Index (300%). Their fees differ too: 0.97% for FNGG and 0.91% for TECL.

TECL currently has the higher Sharpe Ratio (2.44 vs 0.57), 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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