IVES vs. TECL

Last updated Jun 4, 2026

IVES (Dan IVES Wedbush AI Revolution ETF) and TECL (Direxion Daily Technology Bull 3X Shares) are both exchange-traded funds - IVES is a Technology Equities fund tracking the Solactive Wedbush Artificial Intelligence Index, while TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%). Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. IVES charges 0.75%/yr vs 0.91%/yr for TECL.

Performance

IVES vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dan IVES Wedbush AI Revolution ETF (IVES) 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, IVES achieves a 27.14% return, which is significantly lower than TECL's 125.87% return.

IVES

• 1D: -2.92%
• 1M: 18.28%
• YTD: 27.14%
• 6M: 24.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TECL

• 1D: -2.99%
• 1M: 73.10%
• YTD: 125.87%
• 6M: 118.69%
• 1Y: 267.85%
• 3Y*: 80.64%
• 5Y*: 43.44%
• 10Y*: 54.49%

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

IVES vs. TECL - Yearly Performance Comparison

	2026 (YTD)	2025
IVES Dan IVES Wedbush AI Revolution ETF	27.14%	25.06%
TECL Direxion Daily Technology Bull 3X Shares	125.87%	62.06%

Correlation

The correlation between IVES and TECL is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.90

IVES vs. TECL - Sectors Allocation Comparison

Sectors	IVES	TECL
Technology	67.8%	20.4%
Consumer Cyclical	12.9%	-
Communication Services	11.8%	-
Industrials	4.3%	0.0%
Financial Services	1.7%	-
Utilities	1.7%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	0.0%
Healthcare	-	-
Real Estate	-	-

Return for Risk

IVES 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: 85
TECL Sharpe Ratio Rank: 96
TECL Sortino Ratio Rank: 80
TECL Omega Ratio Rank: 79
TECL Calmar Ratio Rank: 90
TECL Martin Ratio Rank: 81

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.

IVES vs. TECL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dan IVES Wedbush AI Revolution ETF (IVES) 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

	IVES	TECL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.35	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.32	0.76	+1.55

Drawdowns

IVES vs. TECL - Drawdown Comparison

The maximum IVES drawdown since its inception was -22.64%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for IVES and TECL.

Drawdown Indicators

	IVES	TECL	Difference
Max Drawdown Largest peak-to-trough decline	-22.64%	-77.96%	+55.32%
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	-3.69%	-2.99%	-0.70%
Average Drawdown Average peak-to-trough decline	-5.63%	-18.38%	+12.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.19%	—

Volatility

Volatility by Period

	IVES	TECL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	49.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.77%	62.17%	-36.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.77%	74.09%	-48.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.77%	72.35%	-46.58%

IVES vs. TECL - Expense Ratio Comparison

IVES has a 0.75% expense ratio, which is lower than TECL's 0.91% expense ratio.

Dividends

IVES vs. TECL - Dividend Comparison

IVES's dividend yield for the trailing twelve months is around 0.33%, less than TECL's 3.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
IVES Dan IVES Wedbush AI Revolution ETF	0.33%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TECL Direxion Daily Technology Bull 3X Shares	3.15%	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 IVES and TECL in my portfolio?

With a correlation of 0.90, IVES 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, IVES or TECL?

On fees, IVES is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVES or TECL?

IVES is cheaper with a 0.75% expense ratio, compared with 0.91% for TECL.

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

TECL has the higher dividend yield at 3.15%, compared with 0.33% for IVES.

What is the main difference between IVES and TECL?

IVES is categorized as Technology Equities, while TECL is Leveraged Equities. IVES tracks Solactive Wedbush Artificial Intelligence Index, while TECL tracks Technology Select Sector Index (300%). They also come from different issuers: Wedbush and Direxion. Their fees differ too: 0.75% for IVES and 0.91% for TECL.