PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
QQQ vs. TECL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QQQ vs. TECL

Last updated Jun 16, 2026

QQQ (Invesco QQQ ETF) and TECL (Direxion Daily Technology Bull 3X Shares) are both exchange-traded funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%). Both are passively managed. Over the past 10 years, QQQ returned 22.31%/yr vs 53.63%/yr for TECL. With a 0.96 correlation, they move nearly in lockstep. QQQ charges 0.18%/yr vs 0.91%/yr for TECL.

Performance

QQQ vs. TECL - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, QQQ achieves a 21.26% return, which is significantly lower than TECL's 103.81% return. Over the past 10 years, QQQ has underperformed TECL with an annualized return of 22.31%, while TECL has yielded a comparatively higher 53.63% annualized return.

QQQ

1D
3.14%
1M
4.95%
YTD
21.26%
6M
22.17%
1Y
41.87%
3Y*
27.20%
5Y*
17.59%
10Y*
22.31%

TECL

1D
11.01%
1M
22.64%
YTD
103.81%
6M
109.85%
1Y
222.44%
3Y*
68.74%
5Y*
39.49%
10Y*
53.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQ vs. TECL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
QQQ
Invesco QQQ ETF		21.26%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-0.13%32.66%
TECL
Direxion Daily Technology Bull 3X Shares		103.81%38.60%36.15%203.14%-74.32%112.80%69.46%185.58%-24.03%124.82%

Correlation

The correlation between QQQ and TECL is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.93

Correlation (3Y)
Calculated over the trailing 3-year period

0.95

Correlation (5Y)
Calculated over the trailing 5-year period

0.96

Correlation (10Y)
Calculated over the trailing 10-year period

0.96

Correlation (All Time)
Calculated using the full available price history since Dec 30, 2008

0.96

The correlation between QQQ and TECL has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.

QQQ vs. TECL - Sectors Allocation Comparison

Sectors
QQQ
TECL

Technology

58.7%
20.0%

Communication Services

14.3%

-

Consumer Cyclical

11.4%

-

Consumer Defensive

6.4%

-

Healthcare

3.7%

-

Industrials

2.6%
0.0%

Utilities

1.2%

-

Basic Materials

1.0%

-

Energy

0.5%
0.0%

Financial Services

0.2%

-

Real Estate

0.1%

-

Technology

QQQ
58.7%
TECL
20.0%

Communication Services

QQQ
14.3%
TECL

-

Consumer Cyclical

QQQ
11.4%
TECL

-

Consumer Defensive

QQQ
6.4%
TECL

-

Healthcare

QQQ
3.7%
TECL

-

Industrials

QQQ
2.6%
TECL
0.0%

Utilities

QQQ
1.2%
TECL

-

Basic Materials

QQQ
1.0%
TECL

-

Energy

QQQ
0.5%
TECL
0.0%

Financial Services

QQQ
0.2%
TECL

-

Real Estate

QQQ
0.1%
TECL

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco QQQ ETF

Direxion Daily Technology Bull 3X Shares

Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. QQQI
Often compared with TECL:
TECL vs. TQQQTECL vs. SOXLTECL vs. TECSTECL vs. FNGUTECL vs. BULZTECL vs. VGTTECL vs. ROM

Return for Risk

QQQ vs. TECL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QQQ
QQQ Risk / Return Rank: 7979
Overall Rank
QQQ Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 7979
Sortino Ratio Rank
QQQ Omega Ratio Rank: 8181
Omega Ratio Rank
QQQ Calmar Ratio Rank: 7676
Calmar Ratio Rank
QQQ Martin Ratio Rank: 7676
Martin Ratio Rank
TECL
TECL Risk / Return Rank: 8383
Overall Rank
TECL Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
TECL Sortino Ratio Rank: 7676
Sortino Ratio Rank
TECL Omega Ratio Rank: 7878
Omega Ratio Rank
TECL Calmar Ratio Rank: 8989
Calmar Ratio Rank
TECL Martin Ratio Rank: 7878
Martin Ratio Rank
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.

QQQ vs. TECL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) 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.

QQQTECLDifference
Sharpe ratioReturn per unit of total volatility
2.42
3.29

-0.88

Sortino ratioReturn per unit of downside risk
3.12
3.03

+0.09

Omega ratioGain probability vs. loss probability

1.42

1.41

+0.01

Calmar ratioReturn relative to maximum drawdown

3.52

4.81

-1.29

Martin ratioReturn relative to average drawdown

13.12

13.42

-0.30

QQQ vs. TECL - Sharpe Ratio Comparison

The current QQQ Sharpe Ratio is 2.42, which is comparable to the TECL Sharpe Ratio of 3.29. The chart below compares the historical Sharpe Ratios of QQQ 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.

Loading charts...

Drawdowns

QQQ vs. TECL - Drawdown Comparison

The maximum QQQ drawdown since its inception was -82.97%, which is greater than TECL's maximum drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for QQQ and TECL.

Loading charts...

Drawdown Indicators

QQQTECLDifference

Max Drawdown

Largest peak-to-trough decline

-82.97%

-77.96%

-5.01%

Max Drawdown (1Y)

Largest decline over 1 year

-11.96%

-46.58%

+34.62%

Max Drawdown (3Y)

Largest decline over 3 years

-22.77%

-66.58%

+43.81%

Max Drawdown (5Y)

Largest decline over 5 years

-35.12%

-77.96%

+42.84%

Max Drawdown (10Y)

Largest decline over 10 years

-35.12%

-77.96%

+42.84%

Current Drawdown

Current decline from peak

-0.29%

-12.47%

+12.18%

Average Drawdown

Average peak-to-trough decline

-32.75%

-18.38%

-14.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.20%

16.66%

-13.46%

Volatility

QQQ vs. TECL - Volatility Comparison

The current volatility for Invesco QQQ ETF (QQQ) is 8.14%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 34.84%. This indicates that QQQ 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.

Loading charts...

Volatility by Period

QQQTECLDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.14%

34.84%

-26.70%

Volatility (6M)

Calculated over the trailing 6-month period

14.12%

57.98%

-43.86%

Volatility (1Y)

Calculated over the trailing 1-year period

17.43%

68.12%

-50.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.59%

75.10%

-52.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.41%

72.90%

-50.49%

QQQ vs. TECL - Expense Ratio Comparison

QQQ has a 0.18% expense ratio, which is lower than TECL's 0.91% expense ratio.

Dividends

QQQ vs. TECL - Dividend Comparison

QQQ's dividend yield for the trailing twelve months is around 0.38%, less than TECL's 3.49% yield.

PositionTTM20252024202320222021202020192018201720162015
QQQ
Invesco QQQ ETF		0.38%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%
TECL
Direxion Daily Technology Bull 3X Shares		3.49%7.19%0.29%0.28%0.22%0.32%0.52%0.25%0.47%0.10%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.93, QQQ and TECL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

TECL has higher volatility (34.84%) compared to QQQ (8.14%). In terms of maximum drawdown, QQQ dropped -82.97% vs TECL's -77.96%.

On 10-year performance, TECL leads with 53.63% vs 22.31% for QQQ. On fees, QQQ is cheaper at 0.18% per year. On volatility, QQQ has been the lower-risk option at 8.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, TECL has performed better with a 53.63% return vs 22.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

QQQ is cheaper with a 0.18% expense ratio, compared with 0.91% for TECL.

TECL has the higher dividend yield at 3.49%, compared with 0.38% for QQQ.

QQQ is categorized as Nasdaq-100, while TECL is Leveraged Equities. QQQ tracks NASDAQ-100 Index, while TECL tracks Technology Select Sector Index (300%). They also come from different issuers: Invesco and Direxion. Their fees differ too: 0.18% for QQQ and 0.91% for TECL.

TECL currently has the higher Sharpe Ratio (3.29 vs 2.42), 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.

Portfolio Optimizer

Find the right allocation for QQQ and TECL

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer