MRVU vs. TECL

Last updated Aug 2, 2026

MRVU (Direxion Daily MRVL Bull 2X ETF) and TECL (Direxion Daily Technology Bull 3X Shares) are both Leveraged Equities funds from Direxion - MRVU tracks the Marvell Technology, Inc. (MRVL) while TECL tracks the Technology Select Sector Index (300%). Both are passively managed. Their 0.69 correlation means they have sometimes moved together and sometimes differently. MRVU charges 0.97%/yr vs 0.91%/yr for TECL.

Performance

MRVU vs. TECL - Performance Comparison

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

Returns By Period

MRVU

• 1D: 4.43%
• 1M: -45.83%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

TECL

• 1D: -0.52%
• 1M: -11.12%
• 6M: 50.64%
• YTD: 48.00%
• 1Y: 91.25%
• 3Y*: 47.81%
• 5Y*: 24.87%
• 10Y*: 45.88%
• ALL TIME*: 46.64%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MRVU Direxion Daily MRVL Bull 2X ETF	$16.13M	$21.99M	$60.26M
TECL Direxion Daily Technology Bull 3X Shares	$140.43M	$155.29M	$226.00M

MRVU vs. TECL - Yearly Performance Comparison

	2026 (YTD)
MRVU Direxion Daily MRVL Bull 2X ETF	235.77%
TECL Direxion Daily Technology Bull 3X Shares	56.99%

Correlation

The correlation between MRVU and TECL is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026	0.69

Return for Risk

MRVU vs. TECL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MRVU

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

TECL

TECL Risk / Return Rank: 44
TECL Sharpe Ratio Rank: 42
TECL Sortino Ratio Rank: 46
TECL Omega Ratio Rank: 45
TECL Calmar Ratio Rank: 48
TECL Martin Ratio Rank: 39

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MRVU vs. TECL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MRVL Bull 2X ETF (MRVU) 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.

	MRVU	TECL	Difference
Sharpe ratio: Return per unit of total volatility	—	1.05	—
Sortino ratio: Return per unit of downside risk	—	1.66	—
Omega ratio: Gain probability vs. loss probability	—	1.21	—
Calmar ratio: Return relative to maximum drawdown	—	1.71	—
Martin ratio: Return relative to average drawdown	—	4.07	—

Drawdowns

MRVU vs. TECL - Drawdown Comparison

The maximum MRVU drawdown since its inception was -78.62%, roughly equal to the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for MRVU and TECL.

Drawdown Indicators

	MRVU	TECL	Difference
Max Drawdown Largest peak-to-trough decline	-78.62%	-77.96%	-0.66%
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	-72.09%	-36.44%	-35.65%
Average Drawdown Average peak-to-trough decline	-18.27%	-18.45%	+0.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.52%	—

Volatility

Volatility by Period

	MRVU	TECL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	28.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	65.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	195.44%	76.26%	+119.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	195.44%	76.62%	+118.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	195.44%	73.57%	+121.87%

MRVU vs. TECL - Expense Ratio Comparison

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

Dividends

MRVU vs. TECL - Dividend Comparison

MRVU's dividend yield for the trailing twelve months is around 0.49%, less than TECL's 4.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MRVU Direxion Daily MRVL Bull 2X ETF	0.49%	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	4.81%	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 MRVU and TECL in my portfolio?

MRVU and TECL have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MRVU or TECL?

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.

Which ETF is cheaper, MRVU or TECL?

TECL is cheaper with a 0.91% expense ratio, compared with 0.97% for MRVU.

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

TECL has the higher dividend yield at 4.81%, compared with 0.49% for MRVU.

What is the main difference between MRVU and TECL?

MRVU tracks Marvell Technology, Inc. (MRVL), while TECL tracks Technology Select Sector Index (300%). Their fees differ too: 0.97% for MRVU and 0.91% for TECL.