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SOXL vs. TECL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SOXL vs. TECL

Last updated Jun 19, 2026

SOXL (Direxion Daily Semiconductor Bull 3X ETF) and TECL (Direxion Daily Technology Bull 3X Shares) are both Leveraged Equities funds from Direxion - SOXL tracks the ICE Semiconductor Index while TECL tracks the Technology Select Sector Index (300%). Both are passively managed. Over the past 10 years, SOXL returned 65.95%/yr vs 53.21%/yr for TECL. Their correlation of 0.85 suggests significant overlap in exposure. SOXL charges 0.75%/yr vs 0.91%/yr for TECL.

Performance

SOXL vs. TECL - Performance Comparison

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

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Returns By Period

In the year-to-date period, SOXL achieves a 564.50% return, which is significantly higher than TECL's 101.50% return. Over the past 10 years, SOXL has outperformed TECL with an annualized return of 65.95%, while TECL has yielded a comparatively lower 53.21% annualized return.

SOXL

1D
19.43%
1M
83.88%
YTD
564.50%
6M
623.92%
1Y
1,196.88%
3Y*
124.34%
5Y*
50.47%
10Y*
65.95%

TECL

1D
9.00%
1M
28.22%
YTD
101.50%
6M
111.71%
1Y
209.42%
3Y*
68.10%
5Y*
39.02%
10Y*
53.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SOXL vs. TECL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SOXL
Direxion Daily Semiconductor Bull 3X ETF		564.50%54.91%-12.31%226.98%-85.66%118.84%70.04%231.83%-39.07%141.71%
TECL
Direxion Daily Technology Bull 3X Shares		101.50%38.60%36.15%203.14%-74.32%112.80%69.46%185.58%-24.03%124.82%

Correlation

The correlation between SOXL and TECL is 0.82, 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

0.82

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

0.86

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

0.88

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

0.86

Correlation (All Time)
Calculated using the full available price history since Mar 11, 2010

0.85

The correlation between SOXL and TECL has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.

SOXL vs. TECL - Sectors Allocation Comparison

Sectors
SOXL
TECL

Technology

100.0%
20.0%

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

0.0%

Financial Services

-

-

Healthcare

-

-

Industrials

-

0.0%

Real Estate

-

-

Utilities

-

-

Technology

SOXL
100.0%
TECL
20.0%

Basic Materials

SOXL

-

TECL

-

Communication Services

SOXL

-

TECL

-

Consumer Cyclical

SOXL

-

TECL

-

Consumer Defensive

SOXL

-

TECL

-

Energy

SOXL

-

TECL
0.0%

Financial Services

SOXL

-

TECL

-

Healthcare

SOXL

-

TECL

-

Industrials

SOXL

-

TECL
0.0%

Real Estate

SOXL

-

TECL

-

Utilities

SOXL

-

TECL

-

Compare stocks, funds, or ETFs

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

Direxion Daily Semiconductor Bull 3X ETF

Direxion Daily Technology Bull 3X Shares

Often compared with SOXL:
SOXL vs. TQQQSOXL vs. SOXXSOXL vs. SOXSSOXL vs. USDSOXL vs. NVDLSOXL vs. SPYSOXL vs. QQQ
Often compared with TECL:
TECL vs. TQQQTECL vs. TECSTECL vs. QQQTECL vs. FNGUTECL vs. BULZTECL vs. VGTTECL vs. ROM

Return for Risk

SOXL vs. TECL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SOXL
SOXL Risk / Return Rank: 9797
Overall Rank
SOXL Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
SOXL Sortino Ratio Rank: 9494
Sortino Ratio Rank
SOXL Omega Ratio Rank: 9494
Omega Ratio Rank
SOXL Calmar Ratio Rank: 9999
Calmar Ratio Rank
SOXL Martin Ratio Rank: 9999
Martin Ratio Rank
TECL
TECL Risk / Return Rank: 7979
Overall Rank
TECL Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
TECL Sortino Ratio Rank: 7070
Sortino Ratio Rank
TECL Omega Ratio Rank: 7272
Omega Ratio Rank
TECL Calmar Ratio Rank: 8787
Calmar Ratio Rank
TECL Martin Ratio Rank: 7272
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.

SOXL vs. TECL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bull 3X ETF (SOXL) 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.

SOXLTECLDifference
Sharpe ratioReturn per unit of total volatility
10.61
3.06

+7.55

Sortino ratioReturn per unit of downside risk
4.44
2.92

+1.52

Omega ratioGain probability vs. loss probability

1.63

1.39

+0.24

Calmar ratioReturn relative to maximum drawdown

27.84

4.53

+23.31

Martin ratioReturn relative to average drawdown

89.88

12.54

+77.34

SOXL vs. TECL - Sharpe Ratio Comparison

The current SOXL Sharpe Ratio is 10.61, which is higher than the TECL Sharpe Ratio of 3.06. The chart below compares the historical Sharpe Ratios of SOXL 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.

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Drawdowns

SOXL vs. TECL - Drawdown Comparison

The maximum SOXL drawdown since its inception was -90.46%, which is greater than TECL's maximum drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for SOXL and TECL.

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Drawdown Indicators

SOXLTECLDifference

Max Drawdown

Largest peak-to-trough decline

-90.46%

-77.96%

-12.50%

Max Drawdown (1Y)

Largest decline over 1 year

-43.47%

-46.58%

+3.11%

Max Drawdown (3Y)

Largest decline over 3 years

-87.88%

-66.58%

-21.30%

Max Drawdown (5Y)

Largest decline over 5 years

-90.46%

-77.96%

-12.50%

Max Drawdown (10Y)

Largest decline over 10 years

-90.46%

-77.96%

-12.50%

Current Drawdown

Current decline from peak

-0.45%

-13.46%

+13.01%

Average Drawdown

Average peak-to-trough decline

-34.96%

-18.38%

-16.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

13.44%

16.77%

-3.33%

Volatility

SOXL vs. TECL - Volatility Comparison

Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a higher volatility of 62.74% compared to Direxion Daily Technology Bull 3X Shares (TECL) at 36.06%. This indicates that SOXL's price experiences larger fluctuations and is considered to be riskier 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

SOXLTECLDifference

Volatility (1M)

Calculated over the trailing 1-month period

62.74%

36.06%

+26.68%

Volatility (6M)

Calculated over the trailing 6-month period

96.77%

58.34%

+38.43%

Volatility (1Y)

Calculated over the trailing 1-year period

114.08%

68.88%

+45.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

109.76%

75.27%

+34.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

100.44%

72.97%

+27.47%

SOXL vs. TECL - Expense Ratio Comparison

SOXL has a 0.75% expense ratio, which is lower than TECL's 0.91% expense ratio.

Dividends

SOXL vs. TECL - Dividend Comparison

SOXL's dividend yield for the trailing twelve months is around 0.03%, less than TECL's 3.53% yield.

PositionTTM2025202420232022202120202019201820172016
SOXL
Direxion Daily Semiconductor Bull 3X ETF		0.03%0.34%1.18%0.51%1.07%0.04%0.05%0.38%1.30%0.09%4.84%
TECL
Direxion Daily Technology Bull 3X Shares		3.53%7.19%0.29%0.28%0.22%0.32%0.52%0.25%0.47%0.10%0.00%

Frequently Asked Questions

SOXL and TECL have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SOXL has higher volatility (62.74%) compared to TECL (36.06%). In terms of maximum drawdown, SOXL dropped -90.46% vs TECL's -77.96%.

On 10-year performance, SOXL leads with 65.95% vs 53.21% for TECL. On fees, SOXL is cheaper at 0.75% per year. On volatility, TECL has been the lower-risk option at 36.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SOXL has performed better with a 65.95% return vs 53.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SOXL is cheaper with a 0.75% expense ratio, compared with 0.91% for TECL.

TECL has the higher dividend yield at 3.53%, compared with 0.03% for SOXL.

SOXL tracks ICE Semiconductor Index, while TECL tracks Technology Select Sector Index (300%). Their fees differ too: 0.75% for SOXL and 0.91% for TECL.

SOXL currently has the higher Sharpe Ratio (10.61 vs 3.06), 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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