T vs. TECL

Last updated Jul 15, 2026

T (AT&T Inc.) is a stock, while TECL (Direxion Daily Technology Bull 3X Shares) is Leveraged Equities fund tracking the Technology Select Sector Index (300%). Over the past 10 years, T returned 1.68%/yr vs 49.31%/yr for TECL. At a 0.30 correlation, their price movements are largely independent.

Performance

T vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AT&T Inc. (T) 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, T achieves a -11.25% return, which is significantly lower than TECL's 73.38% return. Over the past 10 years, T has underperformed TECL with an annualized return of 1.68%, while TECL has yielded a comparatively higher 49.31% annualized return.

T

• 1D: -1.25%
• 1M: -8.55%
• 6M: -6.48%
• YTD: -11.25%
• 1Y: -17.96%
• 3Y*: 19.78%
• 5Y*: 5.75%
• 10Y*: 1.68%

TECL

• 1D: 3.47%
• 1M: -5.57%
• 6M: 65.34%
• YTD: 73.38%
• 1Y: 126.13%
• 3Y*: 57.74%
• 5Y*: 29.60%
• 10Y*: 49.31%

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

T vs. TECL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
T AT&T Inc.	-11.25%	13.97%	44.08%	-2.74%	5.76%	-8.09%	-21.37%	45.55%	-22.25%	-4.01%
TECL Direxion Daily Technology Bull 3X Shares	73.38%	38.60%	36.15%	203.14%	-74.32%	112.80%	69.46%	185.58%	-24.03%	124.82%

Correlation

The correlation between T and TECL is -0.35, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.35
Correlation (3Y) Calculated over the trailing 3-year period	-0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	0.15
Correlation (All Time) Calculated using the full available price history since Dec 30, 2008	0.30

The correlation between T and TECL shifts across timeframes, from -0.35 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.

Return for Risk

T vs. TECL — Risk / Return Rank

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

T

T Risk / Return Rank: 14
T Sharpe Ratio Rank: 11
T Sortino Ratio Rank: 13
T Omega Ratio Rank: 15
T Calmar Ratio Rank: 21
T Martin Ratio Rank: 8

TECL

TECL Risk / Return Rank: 60
TECL Sharpe Ratio Rank: 67
TECL Sortino Ratio Rank: 55
TECL Omega Ratio Rank: 56
TECL Calmar Ratio Rank: 69
TECL Martin Ratio Rank: 52

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.

T vs. TECL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. (T) 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.

	T	TECL	Difference
Sharpe ratio: Return per unit of total volatility	-0.77	1.74	-2.51
Sortino ratio: Return per unit of downside risk	-0.98	2.12	-3.11
Omega ratio: Gain probability vs. loss probability	0.88	1.28	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.62	2.72	-3.35
Martin ratio: Return relative to average drawdown	-1.43	7.10	-8.52

T vs. TECL - Sharpe Ratio Comparison

The current T Sharpe Ratio is -0.77, which is lower than the TECL Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of T 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.

Drawdowns

T vs. TECL - Drawdown Comparison

The maximum T drawdown since its inception was -64.15%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for T and TECL.

Drawdown Indicators

	T	TECL	Difference
Max Drawdown Largest peak-to-trough decline	-64.15%	-77.96%	+13.81%
Max Drawdown (1Y) Largest decline over 1 year	-28.89%	-46.58%	+17.69%
Max Drawdown (3Y) Largest decline over 3 years	-28.89%	-66.58%	+37.69%
Max Drawdown (5Y) Largest decline over 5 years	-32.01%	-77.96%	+45.95%
Max Drawdown (10Y) Largest decline over 10 years	-42.35%	-77.96%	+35.61%
Current Drawdown Current decline from peak	-25.12%	-25.54%	+0.42%
Average Drawdown Average peak-to-trough decline	-15.74%	-18.40%	+2.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.62%	17.84%	-5.22%

Volatility

T vs. TECL - Volatility Comparison

The current volatility for AT&T Inc. (T) is 10.03%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 31.14%. This indicates that T 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

	T	TECL	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.03%	31.14%	-21.11%
Volatility (6M) Calculated over the trailing 6-month period	19.84%	62.56%	-42.72%
Volatility (1Y) Calculated over the trailing 1-year period	23.51%	72.80%	-49.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.37%	76.06%	-51.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.90%	73.25%	-49.35%

Dividends

T vs. TECL - Dividend Comparison

T's dividend yield for the trailing twelve months is around 5.22%, more than TECL's 4.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
T AT&T Inc.	5.22%	4.47%	4.87%	6.62%	6.66%	8.46%	7.23%	5.22%	7.01%	5.04%	4.51%	5.46%
TECL Direxion Daily Technology Bull 3X Shares	4.11%	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 T and TECL in my portfolio?

T and TECL have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, T or TECL?

TECL has higher volatility (31.14%) compared to T (10.03%). In terms of maximum drawdown, T dropped -64.15% vs TECL's -77.96%.

Which has better risk-adjusted returns?

TECL currently has the higher Sharpe Ratio (1.74 vs -0.77), 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.