RSPN vs. TECL

Last updated Jun 5, 2026

RSPN (Invesco S&P 500® Equal Weight Industrials ETF) and TECL (Direxion Daily Technology Bull 3X Shares) are both exchange-traded funds - RSPN is a Industrials Equities fund tracking the S&P 500® Equal Weight Industrials Index, while TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%). Both are passively managed. Over the past 10 years, RSPN returned 14.38%/yr vs 53.62%/yr for TECL. A 0.64 correlation means they provide meaningful diversification when combined. RSPN charges 0.40%/yr vs 0.91%/yr for TECL.

Performance

RSPN vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500® Equal Weight Industrials ETF (RSPN) 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, RSPN achieves a 9.03% return, which is significantly lower than TECL's 115.57% return. Over the past 10 years, RSPN has underperformed TECL with an annualized return of 14.38%, while TECL has yielded a comparatively higher 53.62% annualized return.

RSPN

• 1D: 1.02%
• 1M: 1.88%
• YTD: 9.03%
• 6M: 9.27%
• 1Y: 18.24%
• 3Y*: 19.07%
• 5Y*: 11.20%
• 10Y*: 14.38%

TECL

• 1D: -4.56%
• 1M: 55.10%
• YTD: 115.57%
• 6M: 106.65%
• 1Y: 249.35%
• 3Y*: 78.93%
• 5Y*: 42.11%
• 10Y*: 53.62%

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

RSPN vs. TECL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSPN Invesco S&P 500® Equal Weight Industrials ETF	9.03%	13.84%	17.63%	22.32%	-8.79%	26.07%	18.07%	33.17%	-13.23%	23.22%
TECL Direxion Daily Technology Bull 3X Shares	115.57%	38.60%	36.15%	203.14%	-74.32%	112.80%	69.46%	185.58%	-24.03%	124.82%

Correlation

The correlation between RSPN and TECL is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Dec 31, 2008	0.64

Over the past year, the correlation between RSPN and TECL has dropped to 0.41 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.

RSPN vs. TECL - Sectors Allocation Comparison

Sectors	RSPN	TECL
Industrials	91.8%	0.0%
Technology	4.2%	20.4%
Consumer Cyclical	2.5%	-
Utilities	1.5%	-
Financial Services	0.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	0.0%
Healthcare	-	-
Real Estate	-	-

Return for Risk

RSPN vs. TECL — Risk / Return Rank

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

RSPN

RSPN Risk / Return Rank: 33
RSPN Sharpe Ratio Rank: 34
RSPN Sortino Ratio Rank: 34
RSPN Omega Ratio Rank: 31
RSPN Calmar Ratio Rank: 31
RSPN Martin Ratio Rank: 34

TECL

TECL Risk / Return Rank: 84
TECL Sharpe Ratio Rank: 96
TECL Sortino Ratio Rank: 79
TECL Omega Ratio Rank: 78
TECL Calmar Ratio Rank: 89
TECL Martin Ratio Rank: 80

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.

RSPN vs. TECL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Equal Weight Industrials ETF (RSPN) 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.

	RSPN	TECL	Difference
Sharpe ratio: Return per unit of total volatility	1.19	4.03	-2.84
Sortino ratio: Return per unit of downside risk	1.79	3.52	-1.73
Omega ratio: Gain probability vs. loss probability	1.21	1.46	-0.25
Calmar ratio: Return relative to maximum drawdown	1.48	5.39	-3.91
Martin ratio: Return relative to average drawdown	5.15	15.48	-10.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSPN vs. TECL - Sharpe Ratio Comparison

The current RSPN Sharpe Ratio is 1.19, which is lower than the TECL Sharpe Ratio of 4.03. The chart below compares the historical Sharpe Ratios of RSPN 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.

Sharpe Ratios by Period

	RSPN	TECL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	4.03	-2.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.57	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.74	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.76	-0.23

Drawdowns

RSPN vs. TECL - Drawdown Comparison

The maximum RSPN drawdown since its inception was -59.61%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for RSPN and TECL.

Drawdown Indicators

	RSPN	TECL	Difference
Max Drawdown Largest peak-to-trough decline	-59.61%	-77.96%	+18.35%
Max Drawdown (1Y) Largest decline over 1 year	-12.36%	-46.58%	+34.22%
Max Drawdown (3Y) Largest decline over 3 years	-20.89%	-66.58%	+45.69%
Max Drawdown (5Y) Largest decline over 5 years	-21.88%	-77.96%	+56.08%
Max Drawdown (10Y) Largest decline over 10 years	-42.02%	-77.96%	+35.94%
Current Drawdown Current decline from peak	-3.42%	-7.42%	+4.00%
Average Drawdown Average peak-to-trough decline	-7.67%	-18.38%	+10.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.55%	16.19%	-12.64%

Volatility

RSPN vs. TECL - Volatility Comparison

The current volatility for Invesco S&P 500® Equal Weight Industrials ETF (RSPN) is 4.18%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 21.53%. This indicates that RSPN 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.

Volatility by Period

	RSPN	TECL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	21.53%	-17.35%
Volatility (6M) Calculated over the trailing 6-month period	12.17%	50.05%	-37.88%
Volatility (1Y) Calculated over the trailing 1-year period	15.36%	62.27%	-46.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.18%	74.08%	-55.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.35%	72.35%	-52.00%

RSPN vs. TECL - Expense Ratio Comparison

RSPN has a 0.40% expense ratio, which is lower than TECL's 0.91% expense ratio.

Dividends

RSPN vs. TECL - Dividend Comparison

RSPN's dividend yield for the trailing twelve months is around 0.81%, less than TECL's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSPN Invesco S&P 500® Equal Weight Industrials ETF	0.81%	0.86%	0.98%	1.06%	1.09%	0.70%	0.96%	1.33%	1.49%	1.12%	1.31%	1.51%
TECL Direxion Daily Technology Bull 3X Shares	3.30%	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

Can I hold both RSPN and TECL in my portfolio?

RSPN and TECL have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSPN or TECL?

TECL has higher volatility (21.53%) compared to RSPN (4.18%). In terms of maximum drawdown, RSPN dropped -59.61% vs TECL's -77.96%.

Which ETF is better, RSPN or TECL?

On 10-year performance, TECL leads with 53.62% vs 14.38% for RSPN. On fees, RSPN is cheaper at 0.40% per year. On volatility, RSPN has been the lower-risk option at 4.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPN or TECL?

Over the 10-year period, TECL has performed better with a 53.62% return vs 14.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPN or TECL?

RSPN is cheaper with a 0.40% expense ratio, compared with 0.91% for TECL.

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

TECL has the higher dividend yield at 3.30%, compared with 0.81% for RSPN.

What is the main difference between RSPN and TECL?

RSPN is categorized as Industrials Equities, while TECL is Leveraged Equities. RSPN tracks S&P 500® Equal Weight Industrials Index, while TECL tracks Technology Select Sector Index (300%). They also come from different issuers: Invesco and Direxion. Their fees differ too: 0.40% for RSPN and 0.91% for TECL.

Which has better risk-adjusted returns?

TECL currently has the higher Sharpe Ratio (4.03 vs 1.19), 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.