PLTD vs. TECL
PLTD (Direxion Daily PLTR Bear 1X Shares) and TECL (Direxion Daily Technology Bull 3X Shares) are both exchange-traded funds - PLTD is a Inverse Equities fund tracking the Palantir Technologies Inc. (-100%), while TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%). Both are passively managed. Over the past year, PLTD returned -22.19% vs 267.85% for TECL. At a correlation of -0.58, they often move in opposite directions. PLTD charges 0.98%/yr vs 0.91%/yr for TECL.
Performance
PLTD vs. TECL - Performance Comparison
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Returns By Period
In the year-to-date period, PLTD achieves a 13.23% return, which is significantly lower than TECL's 125.87% return.
PLTD
- 1D
- 6.63%
- 1M
- -0.00%
- YTD
- 13.23%
- 6M
- 11.78%
- 1Y
- -22.19%
- 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%
PLTD vs. TECL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PLTD Direxion Daily PLTR Bear 1X Shares | 13.23% | -70.53% | -5.12% |
TECL Direxion Daily Technology Bull 3X Shares | 125.87% | 38.60% | -9.29% |
Correlation
The correlation between PLTD and TECL is -0.51, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.51 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024 | -0.58 |
The correlation between PLTD and TECL has been stable across timeframes, ranging from -0.58 to -0.51 - a consistent structural relationship.
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Return for Risk
PLTD vs. TECL — Risk / Return Rank
PLTD
TECL
PLTD vs. TECL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bear 1X Shares (PLTD) 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.
| PLTD | TECL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.78 | ||
| Sortino ratioReturn per unit of downside risk | -4.00 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.48 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 5.79 | -6.29 |
| Martin ratioReturn relative to average drawdown | -0.74 | 16.63 | -17.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PLTD | TECL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.43 | 4.35 | -4.78 |
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 | -0.86 | 0.76 | -1.62 |
Drawdowns
PLTD vs. TECL - Drawdown Comparison
The maximum PLTD drawdown since its inception was -77.34%, roughly equal to the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for PLTD and TECL.
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Drawdown Indicators
| PLTD | TECL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.34% | -77.96% | +0.62% |
Max Drawdown (1Y)Largest decline over 1 year | -44.79% | -46.58% | +1.79% |
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 | -71.01% | -2.99% | -68.02% |
Average DrawdownAverage peak-to-trough decline | -59.43% | -18.38% | -41.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.14% | 16.19% | +13.95% |
Volatility
PLTD vs. TECL - Volatility Comparison
The current volatility for Direxion Daily PLTR Bear 1X Shares (PLTD) is 18.68%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 20.70%. This indicates that PLTD 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.
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Volatility by Period
| PLTD | TECL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.68% | 20.70% | -2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 38.02% | 49.83% | -11.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.79% | 62.17% | -10.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.73% | 74.09% | -10.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.73% | 72.35% | -8.62% |
PLTD vs. TECL - Expense Ratio Comparison
PLTD has a 0.98% expense ratio, which is higher than TECL's 0.91% expense ratio.
Dividends
PLTD vs. TECL - Dividend Comparison
PLTD's dividend yield for the trailing twelve months is around 3.26%, more than TECL's 3.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PLTD Direxion Daily PLTR Bear 1X Shares | 3.26% | 5.17% | 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
PLTD and TECL have a correlation of -0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECL has higher volatility (20.70%) compared to PLTD (18.68%). In terms of maximum drawdown, PLTD dropped -77.34% vs TECL's -77.96%.
On 1-year performance, TECL leads with 267.85% vs -22.19% for PLTD. On fees, TECL is cheaper at 0.91% per year. On volatility, PLTD has been the lower-risk option at 18.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TECL has performed better with a 267.85% return vs -22.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TECL is cheaper with a 0.91% expense ratio, compared with 0.98% for PLTD.
PLTD has the higher dividend yield at 3.26%, compared with 3.15% for TECL.
PLTD is categorized as Inverse Equities, while TECL is Leveraged Equities. PLTD tracks Palantir Technologies Inc. (-100%), while TECL tracks Technology Select Sector Index (300%). Their fees differ too: 0.98% for PLTD and 0.91% for TECL.
TECL currently has the higher Sharpe Ratio (4.35 vs -0.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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