HIGH.L vs. TECL

Last updated Apr 2, 2026

Compare and contrast key facts about iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) and Direxion Daily Technology Bull 3X Shares (TECL).

HIGH.L and TECL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HIGH.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Pan Euro HY Euro TR EUR. It was launched on Sep 21, 2017. TECL is a passively managed fund by Direxion that tracks the performance of the Technology Select Sector Index (300%). It was launched on Dec 17, 2008. Both HIGH.L and TECL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

HIGH.L vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) and Direxion Daily Technology Bull 3X Shares (TECL). The values are adjusted to include any dividend payments, if applicable.

HIGH.L vs. TECL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HIGH.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc)	-0.95%	4.81%	5.78%	11.51%	-9.32%	2.82%	1.10%	9.76%	-3.46%	0.37%
TECL Direxion Daily Technology Bull 3X Shares	-21.84%	22.15%	45.13%	194.05%	-72.72%	128.72%	55.49%	192.03%	-20.46%	31.72%

Different Trading Currencies

HIGH.L is traded in EUR, while TECL is traded in USD. To make them comparable, the TECL values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, HIGH.L achieves a -0.95% return, which is significantly higher than TECL's -21.84% return.

HIGH.L

• 1D: 1.18%
• 1M: -0.95%
• YTD: -0.95%
• 6M: -0.23%
• 1Y: 3.20%
• 3Y*: 5.87%
• 5Y*: 2.41%
• 10Y*: —

TECL

• 1D: 4.27%
• 1M: -10.90%
• YTD: -21.84%
• 6M: -23.78%
• 1Y: 50.42%
• 3Y*: 34.76%
• 5Y*: 17.87%
• 10Y*: 37.58%

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

HIGH.L vs. TECL - Expense Ratio Comparison

HIGH.L has a 0.50% expense ratio, which is lower than TECL's 1.08% expense ratio.

TECL

Direxion Daily Technology Bull 3X Shares

HIGH.L

iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc)

Return for Risk

HIGH.L vs. TECL — Risk / Return Rank

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

HIGH.L

HIGH.L Risk / Return Rank: 41
HIGH.L Sharpe Ratio Rank: 42
HIGH.L Sortino Ratio Rank: 40
HIGH.L Omega Ratio Rank: 40
HIGH.L Calmar Ratio Rank: 39
HIGH.L Martin Ratio Rank: 44

TECL

TECL Risk / Return Rank: 48
TECL Sharpe Ratio Rank: 39
TECL Sortino Ratio Rank: 56
TECL Omega Ratio Rank: 53
TECL Calmar Ratio Rank: 52
TECL Martin Ratio Rank: 40

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.

HIGH.L vs. TECL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) 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.

	HIGH.L	TECL	Difference
Sharpe ratio Return per unit of total volatility	0.82	0.63	+0.19
Sortino ratio Return per unit of downside risk	1.20	1.34	-0.14
Omega ratio Gain probability vs. loss probability	1.17	1.19	-0.02
Calmar ratio Return relative to maximum drawdown	1.08	1.17	-0.09
Martin ratio Return relative to average drawdown	4.48	3.10	+1.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIGH.L vs. TECL - Sharpe Ratio Comparison

The current HIGH.L Sharpe Ratio is 0.82, which is higher than the TECL Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of HIGH.L and TECL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HIGH.L	TECL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	0.63	+0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.25	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.67	-0.33

Correlation

The correlation between HIGH.L and TECL is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HIGH.L vs. TECL - Dividend Comparison

HIGH.L has not paid dividends to shareholders, while TECL's dividend yield for the trailing twelve months is around 9.23%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HIGH.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TECL Direxion Daily Technology Bull 3X Shares	9.23%	7.19%	0.29%	0.28%	0.22%	0.32%	0.52%	0.25%	0.47%	0.10%

Drawdowns

HIGH.L vs. TECL - Drawdown Comparison

The maximum HIGH.L drawdown since its inception was -25.42%, smaller than the maximum TECL drawdown of -75.72%. Use the drawdown chart below to compare losses from any high point for HIGH.L and TECL.

Drawdown Indicators

	HIGH.L	TECL	Difference
Max Drawdown Largest peak-to-trough decline	-25.42%	-77.96%	+52.54%
Max Drawdown (1Y) Largest decline over 1 year	-2.88%	-46.58%	+43.70%
Max Drawdown (5Y) Largest decline over 5 years	-14.64%	-77.96%	+63.32%
Max Drawdown (10Y) Largest decline over 10 years	—	-77.96%	—
Current Drawdown Current decline from peak	-1.60%	-37.08%	+35.48%
Average Drawdown Average peak-to-trough decline	-2.77%	-18.49%	+15.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.69%	16.75%	-16.06%

Volatility

HIGH.L vs. TECL - Volatility Comparison

The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Acc) (HIGH.L) is 2.06%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 23.14%. This indicates that HIGH.L 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

	HIGH.L	TECL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.06%	23.14%	-21.08%
Volatility (6M) Calculated over the trailing 6-month period	2.61%	49.16%	-46.55%
Volatility (1Y) Calculated over the trailing 1-year period	3.90%	81.02%	-77.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.27%	72.34%	-67.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.19%	71.38%	-64.19%