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SOXL vs. TECL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SOXL vs. TECL

Last updated Apr 15, 2026

SOXL (Direxion Daily Semiconductor Bull 3x Shares) and TECL (Direxion Daily Technology Bull 3X Shares) are both Leveraged Equities funds from Direxion — SOXL tracks the PHLX Semiconductor Index (300%) while TECL tracks the Technology Select Sector Index (300%). Both are passively managed. Over the past 10 years, SOXL returned 48.77%/yr vs 41.90%/yr for TECL. Their correlation of 0.85 suggests significant overlap in exposure. SOXL charges 0.99%/yr vs 1.08%/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 Shares (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 102.97% return, which is significantly higher than TECL's 0.49% return. Over the past 10 years, SOXL has outperformed TECL with an annualized return of 48.77%, while TECL has yielded a comparatively lower 41.90% annualized return.

SOXL

1D
5.90%
1M
68.20%
YTD
102.97%
6M
132.90%
1Y
717.62%
3Y*
77.45%
5Y*
15.13%
10Y*
48.77%

TECL

1D
4.68%
1M
23.26%
YTD
0.49%
6M
2.59%
1Y
158.34%
3Y*
53.22%
5Y*
19.81%
10Y*
41.90%
*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 Shares		102.97%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		0.49%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 0.84, 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

0.84

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

0.86

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

0.88

Correlation (All Time)
Calculated using the full available price history since Mar 12, 2010

0.85

The correlation between SOXL and TECL has been stable across timeframes, ranging from 0.84 to 0.88 — a consistent structural relationship.

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 Shares

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. FNGUTECL vs. QQQTECL 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: 9393
Overall Rank
SOXL Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
SOXL Sortino Ratio Rank: 8585
Sortino Ratio Rank
SOXL Omega Ratio Rank: 8585
Omega Ratio Rank
SOXL Calmar Ratio Rank: 9999
Calmar Ratio Rank
SOXL Martin Ratio Rank: 9898
Martin Ratio Rank
TECL
TECL Risk / Return Rank: 5757
Overall Rank
TECL Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
TECL Sortino Ratio Rank: 4444
Sortino Ratio Rank
TECL Omega Ratio Rank: 4545
Omega Ratio Rank
TECL Calmar Ratio Rank: 7070
Calmar Ratio Rank
TECL Martin Ratio Rank: 5353
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 Shares (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.

SOXLTECLDifference

Sharpe ratio

Return per unit of total volatility

7.50

2.55

+4.95

Sortino ratio

Return per unit of downside risk

4.21

2.72

+1.48

Omega ratio

Gain probability vs. loss probability

1.58

1.36

+0.22

Calmar ratio

Return relative to maximum drawdown

18.15

3.87

+14.28

Martin ratio

Return relative to average drawdown

62.07

11.11

+50.96

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SOXL vs. TECL - Sharpe Ratio Comparison

The current SOXL Sharpe Ratio is 7.50, which is higher than the TECL Sharpe Ratio of 2.55. 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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Sharpe Ratios by Period

SOXLTECLDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

7.50

2.55

+4.95

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.14

0.27

-0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.50

0.58

-0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

0.67

-0.26

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 (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

0.00%

-17.86%

+17.86%

Average Drawdown

Average peak-to-trough decline

-35.29%

-18.50%

-16.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.71%

16.23%

-3.52%

Volatility

SOXL vs. TECL - Volatility Comparison

Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a higher volatility of 36.57% compared to Direxion Daily Technology Bull 3X Shares (TECL) at 24.36%. 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

36.57%

24.36%

+12.21%

Volatility (6M)

Calculated over the trailing 6-month period

77.92%

48.87%

+29.05%

Volatility (1Y)

Calculated over the trailing 1-year period

97.50%

62.86%

+34.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

105.81%

73.61%

+32.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

97.97%

71.94%

+26.03%

SOXL vs. TECL - Expense Ratio Comparison

SOXL has a 0.99% expense ratio, which is lower than TECL's 1.08% expense ratio.

Dividends

SOXL vs. TECL - Dividend Comparison

SOXL's dividend yield for the trailing twelve months is around 0.09%, less than TECL's 7.07% yield.

TTM2025202420232022202120202019201820172016
SOXL
Direxion Daily Semiconductor Bull 3x Shares		0.09%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		7.07%7.19%0.29%0.28%0.22%0.32%0.52%0.25%0.47%0.10%0.00%