QQQD vs. TECL
QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) and TECL (Direxion Daily Technology Bull 3X Shares) are both exchange-traded funds - QQQD is a Inverse Equities fund tracking the Indxx Magnificent 7 Index (-100%), while TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%). Both are passively managed. Over the past year, QQQD returned -10.30% vs 150.53% for TECL. At a correlation of -0.79, they often move in opposite directions. QQQD charges 0.57%/yr vs 0.91%/yr for TECL.
Performance
QQQD vs. TECL - Performance Comparison
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Returns By Period
In the year-to-date period, QQQD achieves a 8.49% return, which is significantly lower than TECL's 79.64% return.
QQQD
- 1D
- 2.43%
- 1M
- 13.91%
- YTD
- 8.49%
- 6M
- 10.62%
- 1Y
- -10.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TECL
- 1D
- 2.18%
- 1M
- -5.90%
- YTD
- 79.64%
- 6M
- 70.60%
- 1Y
- 150.53%
- 3Y*
- 67.28%
- 5Y*
- 33.93%
- 10Y*
- 53.50%
QQQD vs. TECL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 8.49% | -20.32% | -27.75% |
TECL Direxion Daily Technology Bull 3X Shares | 79.64% | 38.60% | 14.13% |
Correlation
The correlation between QQQD and TECL is -0.71, 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 | -0.71 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | -0.79 |
The correlation between QQQD and TECL has been stable across timeframes, ranging from -0.79 to -0.71 - a consistent structural relationship.
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Return for Risk
QQQD vs. TECL — Risk / Return Rank
QQQD
TECL
QQQD vs. TECL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) 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.
| QQQD | TECL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.66 | ||
| Sortino ratioReturn per unit of downside risk | -3.00 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.32 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 3.25 | -3.71 |
| Martin ratioReturn relative to average drawdown | -0.72 | 8.90 | -9.62 |
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Drawdowns
QQQD vs. TECL - Drawdown Comparison
The maximum QQQD drawdown since its inception was -49.47%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for QQQD and TECL.
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Drawdown Indicators
| QQQD | TECL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.47% | -77.96% | +28.49% |
Max Drawdown (1Y)Largest decline over 1 year | -22.67% | -46.58% | +23.91% |
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 | -41.34% | -22.85% | -18.49% |
Average DrawdownAverage peak-to-trough decline | -30.67% | -18.38% | -12.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.29% | 16.99% | -2.70% |
Volatility
QQQD vs. TECL - Volatility Comparison
The current volatility for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) is 7.42%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 37.43%. This indicates that QQQD 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
| QQQD | TECL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.42% | 37.43% | -30.01% |
Volatility (6M)Calculated over the trailing 6-month period | 15.86% | 59.13% | -43.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.00% | 69.87% | -48.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.88% | 75.50% | -48.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.88% | 72.99% | -46.11% |
QQQD vs. TECL - Expense Ratio Comparison
QQQD has a 0.57% expense ratio, which is lower than TECL's 0.91% expense ratio.
Dividends
QQQD vs. TECL - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 2.84%, less than TECL's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 2.84% | 4.33% | 5.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECL Direxion Daily Technology Bull 3X Shares | 3.96% | 7.19% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
Frequently Asked Questions
QQQD and TECL have a correlation of -0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECL has higher volatility (37.43%) compared to QQQD (7.42%). In terms of maximum drawdown, QQQD dropped -49.47% vs TECL's -77.96%.
On 1-year performance, TECL leads with 150.53% vs -10.30% for QQQD. On fees, QQQD is cheaper at 0.57% per year. On volatility, QQQD has been the lower-risk option at 7.42%. 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 150.53% return vs -10.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQD is cheaper with a 0.57% expense ratio, compared with 0.91% for TECL.
TECL has the higher dividend yield at 3.96%, compared with 2.84% for QQQD.
QQQD is categorized as Inverse Equities, while TECL is Leveraged Equities. QQQD tracks Indxx Magnificent 7 Index (-100%), while TECL tracks Technology Select Sector Index (300%). Their fees differ too: 0.57% for QQQD and 0.91% for TECL.
TECL currently has the higher Sharpe Ratio (2.17 vs -0.49), 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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