GXPT vs. TECL

Last updated Jun 5, 2026

GXPT (Global X PureCap MSCI Information Technology ETF) and TECL (Direxion Daily Technology Bull 3X Shares) are both exchange-traded funds - GXPT is a Technology Equities fund tracking the MSCI USA Information Technology PureCap Index, while TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%). Both are passively managed. With a 0.97 correlation, they move nearly in lockstep. GXPT charges 0.15%/yr vs 0.91%/yr for TECL.

Performance

GXPT vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X PureCap MSCI Information Technology ETF (GXPT) 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, GXPT achieves a 24.23% return, which is significantly lower than TECL's 115.57% return.

GXPT

• 1D: -1.39%
• 1M: 13.76%
• YTD: 24.23%
• 6M: 22.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TECL

• 1D: -4.56%
• 1M: 55.10%
• YTD: 115.57%
• 6M: 106.65%
• 1Y: 249.35%
• 3Y*: 78.93%
• 5Y*: 42.11%
• 10Y*: 53.62%

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

GXPT vs. TECL - Yearly Performance Comparison

	2026 (YTD)	2025
GXPT Global X PureCap MSCI Information Technology ETF	24.23%	10.78%
TECL Direxion Daily Technology Bull 3X Shares	115.57%	23.99%

Correlation

The correlation between GXPT and TECL is 0.97 - 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 24, 2025	0.97

Return for Risk

GXPT vs. TECL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TECL

TECL Risk / Return Rank: 84
TECL Sharpe Ratio Rank: 96
TECL Sortino Ratio Rank: 79
TECL Omega Ratio Rank: 78
TECL Calmar Ratio Rank: 89
TECL Martin Ratio Rank: 80

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.

GXPT vs. TECL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Information Technology ETF (GXPT) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GXPT	TECL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.03	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.11	0.76	+1.35

Drawdowns

GXPT vs. TECL - Drawdown Comparison

The maximum GXPT drawdown since its inception was -18.74%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for GXPT and TECL.

Drawdown Indicators

	GXPT	TECL	Difference
Max Drawdown Largest peak-to-trough decline	-18.74%	-77.96%	+59.22%
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 Drawdown Current decline from peak	-2.96%	-7.42%	+4.46%
Average Drawdown Average peak-to-trough decline	-4.92%	-18.38%	+13.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.19%	—

Volatility

Volatility by Period

	GXPT	TECL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	50.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.23%	62.27%	-41.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.23%	74.08%	-52.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.23%	72.35%	-51.12%

GXPT vs. TECL - Expense Ratio Comparison

GXPT has a 0.15% expense ratio, which is lower than TECL's 0.91% expense ratio.

Dividends

GXPT vs. TECL - Dividend Comparison

GXPT's dividend yield for the trailing twelve months is around 0.11%, less than TECL's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GXPT Global X PureCap MSCI Information Technology ETF	0.11%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TECL Direxion Daily Technology Bull 3X Shares	3.30%	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 GXPT and TECL in my portfolio?

With a correlation of 0.97, GXPT 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.

Which ETF is better, GXPT or TECL?

On fees, GXPT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GXPT or TECL?

GXPT is cheaper with a 0.15% expense ratio, compared with 0.91% for TECL.

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

TECL has the higher dividend yield at 3.30%, compared with 0.11% for GXPT.

What is the main difference between GXPT and TECL?

GXPT is categorized as Technology Equities, while TECL is Leveraged Equities. GXPT tracks MSCI USA Information Technology PureCap Index, while TECL tracks Technology Select Sector Index (300%). They also come from different issuers: Global X and Direxion. Their fees differ too: 0.15% for GXPT and 0.91% for TECL.