PTIR vs. TECL

Last updated Jun 24, 2026

PTIR (GraniteShares 2x Long PLTR Daily ETF) and TECL (Direxion Daily Technology Bull 3X Shares) are both Leveraged Equities funds. PTIR is actively managed, while TECL is passively managed. Over the past year, PTIR returned -52.03% vs 169.88% for TECL. A 0.55 correlation means they provide meaningful diversification when combined. PTIR charges 1.15%/yr vs 0.91%/yr for TECL.

Performance

PTIR vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long PLTR Daily ETF (PTIR) 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, PTIR achieves a -64.50% return, which is significantly lower than TECL's 79.13% return.

PTIR

• 1D: -4.81%
• 1M: -30.43%
• YTD: -64.50%
• 6M: -70.36%
• 1Y: -52.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TECL

• 1D: -12.35%
• 1M: 1.15%
• YTD: 79.13%
• 6M: 71.47%
• 1Y: 169.88%
• 3Y*: 65.84%
• 5Y*: 33.78%
• 10Y*: 52.52%

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

PTIR vs. TECL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PTIR GraniteShares 2x Long PLTR Daily ETF	-64.50%	221.36%	425.36%
TECL Direxion Daily Technology Bull 3X Shares	79.13%	38.60%	26.34%

Correlation

The correlation between PTIR and TECL is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024	0.55

The correlation between PTIR and TECL has been stable across timeframes, ranging from 0.52 to 0.55 - a consistent structural relationship.

PTIR vs. TECL - Sectors Allocation Comparison

Sectors	PTIR	TECL
Technology	100.0%	22.4%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	0.0%
Financial Services	-	-
Healthcare	-	-
Industrials	-	0.0%
Real Estate	-	-
Utilities	-	-

Return for Risk

PTIR vs. TECL — Risk / Return Rank

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

PTIR

PTIR Risk / Return Rank: 5
PTIR Sharpe Ratio Rank: 5
PTIR Sortino Ratio Rank: 6
PTIR Omega Ratio Rank: 6
PTIR Calmar Ratio Rank: 3
PTIR Martin Ratio Rank: 3

TECL

TECL Risk / Return Rank: 65
TECL Sharpe Ratio Rank: 80
TECL Sortino Ratio Rank: 55
TECL Omega Ratio Rank: 58
TECL Calmar Ratio Rank: 74
TECL Martin Ratio Rank: 59

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.

PTIR vs. TECL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PLTR Daily ETF (PTIR) 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.

	PTIR	TECL	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	2.44	-2.95
Sortino ratio: Return per unit of downside risk	-0.26	2.56	-2.81
Omega ratio: Gain probability vs. loss probability	0.97	1.34	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.69	3.67	-4.36
Martin ratio: Return relative to average drawdown	-1.22	10.12	-11.35

PTIR vs. TECL - Sharpe Ratio Comparison

The current PTIR Sharpe Ratio is -0.51, which is lower than the TECL Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of PTIR and TECL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PTIR vs. TECL - Drawdown Comparison

The maximum PTIR drawdown since its inception was -75.53%, roughly equal to the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for PTIR and TECL.

Drawdown Indicators

	PTIR	TECL	Difference
Max Drawdown Largest peak-to-trough decline	-75.53%	-77.96%	+2.43%
Max Drawdown (1Y) Largest decline over 1 year	-75.53%	-46.58%	-28.95%
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	-75.53%	-23.07%	-52.46%
Average Drawdown Average peak-to-trough decline	-28.60%	-18.38%	-10.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.52%	16.85%	+25.67%

Volatility

PTIR vs. TECL - Volatility Comparison

GraniteShares 2x Long PLTR Daily ETF (PTIR) and Direxion Daily Technology Bull 3X Shares (TECL) have volatilities of 37.93% and 38.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTIR	TECL	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.93%	38.27%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	77.76%	59.36%	+18.40%
Volatility (1Y) Calculated over the trailing 1-year period	102.66%	70.05%	+32.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	128.79%	75.49%	+53.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	128.79%	73.01%	+55.78%

PTIR vs. TECL - Expense Ratio Comparison

PTIR has a 1.15% expense ratio, which is higher than TECL's 0.91% expense ratio.

Dividends

PTIR vs. TECL - Dividend Comparison

PTIR's dividend yield for the trailing twelve months is around 16.37%, more than TECL's 3.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
PTIR GraniteShares 2x Long PLTR Daily ETF	16.37%	5.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TECL Direxion Daily Technology Bull 3X Shares	3.97%	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 PTIR and TECL in my portfolio?

PTIR and TECL have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTIR or TECL?

TECL has higher volatility (38.27%) compared to PTIR (37.93%). In terms of maximum drawdown, PTIR dropped -75.53% vs TECL's -77.96%.

Which ETF is better, PTIR or TECL?

On 1-year performance, TECL leads with 169.88% vs -52.03% for PTIR. On fees, TECL is cheaper at 0.91% per year. On volatility, PTIR has been the lower-risk option at 37.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTIR or TECL?

Over the 1-year period, TECL has performed better with a 169.88% return vs -52.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTIR or TECL?

TECL is cheaper with a 0.91% expense ratio, compared with 1.15% for PTIR.

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

PTIR has the higher dividend yield at 16.37%, compared with 3.97% for TECL.

What is the main difference between PTIR and TECL?

They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.15% for PTIR and 0.91% for TECL.

Which has better risk-adjusted returns?

TECL currently has the higher Sharpe Ratio (2.44 vs -0.51), 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.