QCMU vs. TECL
QCMU (Direxion Daily QCOM Bull 2X Shares) and TECL (Direxion Daily Technology Bull 3X Shares) are both Leveraged Equities funds from Direxion - QCMU tracks the QUALCOMM Incorporated (QCOM) while TECL tracks the Technology Select Sector Index (300%). Both are passively managed. Over the past year, QCMU returned -29.22% vs 91.25% for TECL. Their 0.54 correlation means they have sometimes moved together and sometimes differently. QCMU charges 1.07%/yr vs 0.91%/yr for TECL.
Performance
QCMU vs. TECL - Performance Comparison
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Returns By Period
In the year-to-date period, QCMU achieves a -42.97% return, which is significantly lower than TECL's 48.00% return.
QCMU
- 1D
- -5.04%
- 1M
- -31.69%
- 6M
- -26.01%
- YTD
- -42.97%
- 1Y
- -29.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -33.95%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.68M | $2.97M | $12.33M | |
| $140.43M | $155.29M | $226.00M |
QCMU vs. TECL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QCMU Direxion Daily QCOM Bull 2X Shares | -42.97% | 11.21% |
TECL Direxion Daily Technology Bull 3X Shares | 48.00% | 43.00% |
Correlation
The correlation between QCMU and TECL is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025 | 0.54 |
The correlation between QCMU and TECL has been stable across timeframes, ranging from 0.54 to 0.55 - a consistent structural relationship.
QCMU vs. TECL - Sectors Allocation Comparison
Sectors
QCMU
TECL
Technology
Basic Materials
-
-
Communication Services
-
Consumer Cyclical
-
-
Consumer Defensive
-
-
Energy
-
Financial Services
-
-
Healthcare
-
-
Industrials
-
Real Estate
-
-
Utilities
-
-
Technology
QCMU
TECL
Basic Materials
QCMU
-
TECL
-
Communication Services
QCMU
-
TECL
Consumer Cyclical
QCMU
-
TECL
-
Consumer Defensive
QCMU
-
TECL
-
Energy
QCMU
-
TECL
Financial Services
QCMU
-
TECL
-
Healthcare
QCMU
-
TECL
-
Industrials
QCMU
-
TECL
Real Estate
QCMU
-
TECL
-
Utilities
QCMU
-
TECL
-
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Return for Risk
QCMU vs. TECL — Risk / Return Rank
QCMU
TECL
QCMU vs. TECL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily QCOM Bull 2X Shares (QCMU) 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.
| QCMU | TECL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.21 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 1.71 | -2.11 |
| Martin ratioReturn relative to average drawdown | -0.82 | 4.07 | -4.89 |
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Drawdowns
QCMU vs. TECL - Drawdown Comparison
The maximum QCMU drawdown since its inception was -68.70%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for QCMU and TECL.
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Drawdown Indicators
| QCMU | TECL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.70% | -77.96% | +9.26% |
Max Drawdown (1Y)Largest decline over 1 year | -68.70% | -46.58% | -22.12% |
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 | -68.70% | -36.44% | -32.26% |
Average DrawdownAverage peak-to-trough decline | -25.89% | -18.45% | -7.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.86% | 19.52% | +14.34% |
Volatility
QCMU vs. TECL - Volatility Comparison
The current volatility for Direxion Daily QCOM Bull 2X Shares (QCMU) is 25.77%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 28.17%. This indicates that QCMU 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
| QCMU | TECL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.77% | 28.17% | -2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 93.43% | 65.35% | +28.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.17% | 76.26% | +29.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 101.91% | 76.62% | +25.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.91% | 73.57% | +28.34% |
QCMU vs. TECL - Expense Ratio Comparison
QCMU has a 1.07% expense ratio, which is higher than TECL's 0.91% expense ratio.
Dividends
QCMU vs. TECL - Dividend Comparison
QCMU's dividend yield for the trailing twelve months is around 4.38%, less than TECL's 4.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QCMU Direxion Daily QCOM Bull 2X Shares | 4.38% | 1.57% | 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
QCMU and TECL have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECL has higher volatility (28.17%) compared to QCMU (25.77%). In terms of maximum drawdown, QCMU dropped -68.70% vs TECL's -77.96%.
On 1-year performance, TECL leads with 91.25% vs -29.22% for QCMU. On fees, TECL is cheaper at 0.91% per year. On volatility, QCMU has been the lower-risk option at 25.77%. 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 91.25% return vs -29.22%. 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 1.07% for QCMU.
TECL has the higher dividend yield at 4.81%, compared with 4.38% for QCMU.
QCMU tracks QUALCOMM Incorporated (QCOM), while TECL tracks Technology Select Sector Index (300%). Their fees differ too: 1.07% for QCMU and 0.91% for TECL.
TECL currently has the higher Sharpe Ratio (1.05 vs -0.27), 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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