LMTL vs. TECL
LMTL (Direxion Daily LMT Bull 2X ETF) and TECL (Direxion Daily Technology Bull 3X Shares) are both Leveraged Equities funds from Direxion. LMTL is actively managed, while TECL is passively managed. At a 0.01 correlation, their price movements are largely independent. LMTL charges 1.07%/yr vs 0.91%/yr for TECL.
Performance
LMTL vs. TECL - Performance Comparison
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Returns By Period
In the year-to-date period, LMTL achieves a 8.57% return, which is significantly lower than TECL's 115.57% return.
LMTL
- 1D
- 2.29%
- 1M
- 4.14%
- YTD
- 8.57%
- 6M
- 25.50%
- 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%
LMTL vs. TECL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LMTL Direxion Daily LMT Bull 2X ETF | 8.57% | 20.61% |
TECL Direxion Daily Technology Bull 3X Shares | 115.57% | 20.89% |
Correlation
The correlation between LMTL and TECL is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 7, 2025 | 0.01 |
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Return for Risk
LMTL vs. TECL — Risk / Return Rank
LMTL
TECL
LMTL vs. TECL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily LMT Bull 2X ETF (LMTL) 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.
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Sharpe Ratios by Period
| LMTL | 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 | 0.79 | 0.76 | +0.04 |
Drawdowns
LMTL vs. TECL - Drawdown Comparison
The maximum LMTL drawdown since its inception was -45.74%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for LMTL and TECL.
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Drawdown Indicators
| LMTL | TECL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.74% | -77.96% | +32.22% |
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 DrawdownCurrent decline from peak | -43.02% | -7.42% | -35.60% |
Average DrawdownAverage peak-to-trough decline | -13.72% | -18.38% | +4.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 16.19% | — |
Volatility
LMTL vs. TECL - Volatility Comparison
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Volatility by Period
| LMTL | 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 | 48.78% | 62.27% | -13.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.78% | 74.08% | -25.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.78% | 72.35% | -23.57% |
LMTL vs. TECL - Expense Ratio Comparison
LMTL has a 1.07% expense ratio, which is higher than TECL's 0.91% expense ratio.
Dividends
LMTL vs. TECL - Dividend Comparison
LMTL's dividend yield for the trailing twelve months is around 3.47%, more than TECL's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
LMTL Direxion Daily LMT Bull 2X ETF | 3.47% | 3.18% | 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
LMTL and TECL have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TECL is cheaper at 0.91% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TECL is cheaper with a 0.91% expense ratio, compared with 1.07% for LMTL.
LMTL has the higher dividend yield at 3.47%, compared with 3.30% for TECL.
Their fees differ too: 1.07% for LMTL and 0.91% for TECL.
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