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REW vs. TECS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between REW and TECS is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.0
Correlation: 0.8

Performance

REW vs. TECS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Technology (REW) and Direxion Daily Technology Bear 3X Shares (TECS). The values are adjusted to include any dividend payments, if applicable.

-100.00%-99.99%-99.98%-99.97%-99.96%-99.95%NovemberDecember2025FebruaryMarchApril
-99.95%
-99.99%
REW
TECS

Key characteristics

Sharpe Ratio

REW:

0.36

TECS:

0.22

Sortino Ratio

REW:

0.97

TECS:

0.96

Omega Ratio

REW:

1.11

TECS:

1.11

Calmar Ratio

REW:

0.19

TECS:

0.17

Martin Ratio

REW:

0.69

TECS:

0.43

Ulcer Index

REW:

27.33%

TECS:

40.15%

Daily Std Dev

REW:

52.24%

TECS:

77.03%

Max Drawdown

REW:

-99.98%

TECS:

-100.00%

Current Drawdown

REW:

-99.97%

TECS:

-99.99%

Returns By Period

In the year-to-date period, REW achieves a 53.86% return, which is significantly lower than TECS's 85.03% return. Over the past 10 years, REW has outperformed TECS with an annualized return of -36.69%, while TECS has yielded a comparatively lower -53.79% annualized return.


REW

YTD

53.86%

1M

41.77%

6M

44.92%

1Y

15.09%

5Y*

-39.60%

10Y*

-36.69%

TECS

YTD

85.03%

1M

65.82%

6M

66.53%

1Y

11.55%

5Y*

-57.02%

10Y*

-53.79%

*Annualized

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REW vs. TECS - Expense Ratio Comparison

REW has a 0.95% expense ratio, which is lower than TECS's 1.08% expense ratio.


Expense ratio chart for TECS: current value is 1.08%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TECS: 1.08%
Expense ratio chart for REW: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
REW: 0.95%

Risk-Adjusted Performance

REW vs. TECS — Risk-Adjusted Performance Rank

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

REW
The Risk-Adjusted Performance Rank of REW is 5454
Overall Rank
The Sharpe Ratio Rank of REW is 5454
Sharpe Ratio Rank
The Sortino Ratio Rank of REW is 6969
Sortino Ratio Rank
The Omega Ratio Rank of REW is 6464
Omega Ratio Rank
The Calmar Ratio Rank of REW is 4242
Calmar Ratio Rank
The Martin Ratio Rank of REW is 4040
Martin Ratio Rank

TECS
The Risk-Adjusted Performance Rank of TECS is 5050
Overall Rank
The Sharpe Ratio Rank of TECS is 4242
Sharpe Ratio Rank
The Sortino Ratio Rank of TECS is 6969
Sortino Ratio Rank
The Omega Ratio Rank of TECS is 6464
Omega Ratio Rank
The Calmar Ratio Rank of TECS is 4141
Calmar Ratio Rank
The Martin Ratio Rank of TECS is 3636
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

REW vs. TECS - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Technology (REW) and Direxion Daily Technology Bear 3X Shares (TECS). 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.


The chart of Sharpe ratio for REW, currently valued at 0.36, compared to the broader market-1.000.001.002.003.004.00
REW: 0.36
TECS: 0.22
The chart of Sortino ratio for REW, currently valued at 0.97, compared to the broader market-2.000.002.004.006.008.0010.00
REW: 0.97
TECS: 0.96
The chart of Omega ratio for REW, currently valued at 1.11, compared to the broader market0.501.001.502.002.50
REW: 1.11
TECS: 1.11
The chart of Calmar ratio for REW, currently valued at 0.19, compared to the broader market0.005.0010.0015.00
REW: 0.19
TECS: 0.17
The chart of Martin ratio for REW, currently valued at 0.69, compared to the broader market0.0020.0040.0060.0080.00100.00
REW: 0.69
TECS: 0.43

The current REW Sharpe Ratio is 0.36, which is higher than the TECS Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of REW and TECS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.00NovemberDecember2025FebruaryMarchApril
0.36
0.22
REW
TECS

Dividends

REW vs. TECS - Dividend Comparison

REW's dividend yield for the trailing twelve months is around 3.75%, more than TECS's 2.12% yield.


TTM2024202320222021202020192018
REW
ProShares UltraShort Technology
3.75%5.68%5.98%0.22%0.00%0.28%1.80%0.50%
TECS
Direxion Daily Technology Bear 3X Shares
2.12%3.04%7.52%0.00%0.00%1.49%1.35%0.51%

Drawdowns

REW vs. TECS - Drawdown Comparison

The maximum REW drawdown since its inception was -99.98%, roughly equal to the maximum TECS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for REW and TECS. For additional features, visit the drawdowns tool.


-100.00%-99.99%-99.98%-99.97%-99.96%NovemberDecember2025FebruaryMarchApril
-99.96%
-99.99%
REW
TECS

Volatility

REW vs. TECS - Volatility Comparison

The current volatility for ProShares UltraShort Technology (REW) is 22.85%, while Direxion Daily Technology Bear 3X Shares (TECS) has a volatility of 32.99%. This indicates that REW experiences smaller price fluctuations and is considered to be less risky than TECS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%30.00%NovemberDecember2025FebruaryMarchApril
22.85%
32.99%
REW
TECS