SNSR vs. TECL

Last updated Jun 5, 2026

SNSR (Global X Internet of Things ETF) and TECL (Direxion Daily Technology Bull 3X Shares) are both exchange-traded funds - SNSR is a Technology Equities fund tracking the Indxx Global Internet of Things Thematic Index, while TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%). Both are passively managed. Over the past 5 years, SNSR returned 9.36%/yr vs 42.11%/yr for TECL. A 0.78 correlation means they provide meaningful diversification when combined. SNSR charges 0.68%/yr vs 0.91%/yr for TECL.

Performance

SNSR vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Internet of Things ETF (SNSR) 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, SNSR achieves a 43.93% return, which is significantly lower than TECL's 115.57% return.

SNSR

• 1D: -0.69%
• 1M: 15.89%
• YTD: 43.93%
• 6M: 40.98%
• 1Y: 46.99%
• 3Y*: 18.06%
• 5Y*: 9.36%
• 10Y*: —

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)

SNSR vs. TECL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SNSR Global X Internet of Things ETF	43.93%	6.46%	-0.45%	23.06%	-25.50%	23.66%	35.05%	47.90%	-17.66%	28.59%
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 SNSR and TECL is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Sep 19, 2016	0.78

The correlation between SNSR and TECL has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.

SNSR vs. TECL - Sectors Allocation Comparison

Sectors	SNSR	TECL
Technology	78.7%	20.4%
Industrials	15.7%	0.0%
Healthcare	4.8%	-
Communication Services	0.8%	-
Basic Materials	0.2%	-
Utilities	0.1%	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	0.0%
Financial Services	-	-
Real Estate	-	-

Return for Risk

SNSR vs. TECL — Risk / Return Rank

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

SNSR

SNSR Risk / Return Rank: 59
SNSR Sharpe Ratio Rank: 59
SNSR Sortino Ratio Rank: 58
SNSR Omega Ratio Rank: 54
SNSR Calmar Ratio Rank: 67
SNSR Martin Ratio Rank: 59

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.

SNSR vs. TECL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Internet of Things ETF (SNSR) 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.

	SNSR	TECL	Difference
Sharpe ratio: Return per unit of total volatility	1.98	4.03	-2.05
Sortino ratio: Return per unit of downside risk	2.70	3.52	-0.81
Omega ratio: Gain probability vs. loss probability	1.33	1.46	-0.13
Calmar ratio: Return relative to maximum drawdown	3.30	5.39	-2.09
Martin ratio: Return relative to average drawdown	10.25	15.48	-5.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SNSR vs. TECL - Sharpe Ratio Comparison

The current SNSR Sharpe Ratio is 1.98, which is lower than the TECL Sharpe Ratio of 4.03. The chart below compares the historical Sharpe Ratios of SNSR 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

	SNSR	TECL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	4.03	-2.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.57	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.76	-0.16

Drawdowns

SNSR vs. TECL - Drawdown Comparison

The maximum SNSR drawdown since its inception was -38.46%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for SNSR and TECL.

Drawdown Indicators

	SNSR	TECL	Difference
Max Drawdown Largest peak-to-trough decline	-38.46%	-77.96%	+39.50%
Max Drawdown (1Y) Largest decline over 1 year	-14.30%	-46.58%	+32.28%
Max Drawdown (3Y) Largest decline over 3 years	-28.32%	-66.58%	+38.26%
Max Drawdown (5Y) Largest decline over 5 years	-38.03%	-77.96%	+39.93%
Max Drawdown (10Y) Largest decline over 10 years	—	-77.96%	—
Current Drawdown Current decline from peak	-1.13%	-7.42%	+6.29%
Average Drawdown Average peak-to-trough decline	-9.50%	-18.38%	+8.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	16.19%	-11.59%

Volatility

SNSR vs. TECL - Volatility Comparison

The current volatility for Global X Internet of Things ETF (SNSR) is 9.31%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 21.53%. This indicates that SNSR 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

	SNSR	TECL	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.31%	21.53%	-12.22%
Volatility (6M) Calculated over the trailing 6-month period	18.56%	50.05%	-31.49%
Volatility (1Y) Calculated over the trailing 1-year period	23.86%	62.27%	-38.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.15%	74.08%	-48.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.67%	72.35%	-47.68%

SNSR vs. TECL - Expense Ratio Comparison

SNSR has a 0.68% expense ratio, which is lower than TECL's 0.91% expense ratio.

Dividends

SNSR vs. TECL - Dividend Comparison

SNSR's dividend yield for the trailing twelve months is around 0.38%, less than TECL's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SNSR Global X Internet of Things ETF	0.38%	0.54%	0.73%	0.74%	0.82%	0.43%	0.21%	1.12%	1.25%	1.11%	0.31%
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%

Frequently Asked Questions

Can I hold both SNSR and TECL in my portfolio?

SNSR and TECL have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNSR or TECL?

TECL has higher volatility (21.53%) compared to SNSR (9.31%). In terms of maximum drawdown, SNSR dropped -38.46% vs TECL's -77.96%.

Which ETF is better, SNSR or TECL?

On 5-year performance, TECL leads with 42.11% vs 9.36% for SNSR. On fees, SNSR is cheaper at 0.68% per year. On volatility, SNSR has been the lower-risk option at 9.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SNSR or TECL?

Over the 5-year period, TECL has performed better with a 42.11% return vs 9.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SNSR or TECL?

SNSR is cheaper with a 0.68% expense ratio, compared with 0.91% for TECL.

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

TECL has the higher dividend yield at 3.30%, compared with 0.38% for SNSR.

What is the main difference between SNSR and TECL?

SNSR is categorized as Technology Equities, while TECL is Leveraged Equities. SNSR tracks Indxx Global Internet of Things Thematic Index, while TECL tracks Technology Select Sector Index (300%). They also come from different issuers: Global X and Direxion. Their fees differ too: 0.68% for SNSR and 0.91% for TECL.

Which has better risk-adjusted returns?

TECL currently has the higher Sharpe Ratio (4.03 vs 1.98), 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.