TECL vs. AMZU

Last updated Jun 5, 2026

TECL (Direxion Daily Technology Bull 3X Shares) and AMZU (Direxion Daily AMZN Bull 2X Shares) are both Leveraged Equities funds from Direxion - TECL tracks the Technology Select Sector Index (300%) while AMZU tracks the Amazon.com, Inc. (150%). Both are passively managed. Over the past 3 years, TECL returned 78.93%/yr vs 25.82%/yr for AMZU. A 0.63 correlation means they provide meaningful diversification when combined. TECL charges 0.91%/yr vs 1.06%/yr for AMZU.

Performance

TECL vs. AMZU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Technology Bull 3X Shares (TECL) and Direxion Daily AMZN Bull 2X Shares (AMZU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TECL achieves a 115.57% return, which is significantly higher than AMZU's 11.24% return.

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%

AMZU

• 1D: 2.96%
• 1M: -15.04%
• YTD: 11.24%
• 6M: 11.82%
• 1Y: 23.24%
• 3Y*: 25.82%
• 5Y*: —
• 10Y*: —

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

TECL vs. AMZU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TECL Direxion Daily Technology Bull 3X Shares	115.57%	38.60%	36.15%	203.14%	-29.47%
AMZU Direxion Daily AMZN Bull 2X Shares	11.24%	-11.59%	60.99%	118.70%	-50.17%

Correlation

The correlation between TECL and AMZU is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022	0.63

The correlation between TECL and AMZU shifts across timeframes, from 0.46 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.

TECL vs. AMZU - Sectors Allocation Comparison

Sectors	TECL	AMZU
Technology	20.4%	-
Energy	0.0%	-
Industrials	0.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	100.0%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

TECL vs. AMZU — Risk / Return Rank

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

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

AMZU

AMZU Risk / Return Rank: 17
AMZU Sharpe Ratio Rank: 15
AMZU Sortino Ratio Rank: 19
AMZU Omega Ratio Rank: 19
AMZU Calmar Ratio Rank: 16
AMZU Martin Ratio Rank: 15

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.

TECL vs. AMZU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) and Direxion Daily AMZN Bull 2X Shares (AMZU). 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.

	TECL	AMZU	Difference
Sharpe ratio: Return per unit of total volatility	4.03	0.39	+3.64
Sortino ratio: Return per unit of downside risk	3.52	0.95	+2.57
Omega ratio: Gain probability vs. loss probability	1.46	1.12	+0.34
Calmar ratio: Return relative to maximum drawdown	5.39	0.54	+4.85
Martin ratio: Return relative to average drawdown	15.48	1.23	+14.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TECL vs. AMZU - Sharpe Ratio Comparison

The current TECL Sharpe Ratio is 4.03, which is higher than the AMZU Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of TECL and AMZU, 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

	TECL	AMZU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.03	0.39	+3.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.27	+0.49

Drawdowns

TECL vs. AMZU - Drawdown Comparison

The maximum TECL drawdown since its inception was -77.96%, which is greater than AMZU's maximum drawdown of -55.59%. Use the drawdown chart below to compare losses from any high point for TECL and AMZU.

Drawdown Indicators

	TECL	AMZU	Difference
Max Drawdown Largest peak-to-trough decline	-77.96%	-55.59%	-22.37%
Max Drawdown (1Y) Largest decline over 1 year	-46.58%	-42.98%	-3.60%
Max Drawdown (3Y) Largest decline over 3 years	-66.58%	-55.47%	-11.11%
Max Drawdown (5Y) Largest decline over 5 years	-77.96%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-77.96%	—	—
Current Drawdown Current decline from peak	-7.42%	-18.07%	+10.65%
Average Drawdown Average peak-to-trough decline	-18.38%	-21.91%	+3.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.19%	18.94%	-2.75%

Volatility

TECL vs. AMZU - Volatility Comparison

Direxion Daily Technology Bull 3X Shares (TECL) has a higher volatility of 21.53% compared to Direxion Daily AMZN Bull 2X Shares (AMZU) at 14.79%. This indicates that TECL's price experiences larger fluctuations and is considered to be riskier than AMZU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TECL	AMZU	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.53%	14.79%	+6.74%
Volatility (6M) Calculated over the trailing 6-month period	50.05%	40.74%	+9.31%
Volatility (1Y) Calculated over the trailing 1-year period	62.27%	59.84%	+2.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.08%	59.15%	+14.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.35%	59.15%	+13.20%

TECL vs. AMZU - Expense Ratio Comparison

TECL has a 0.91% expense ratio, which is lower than AMZU's 1.06% expense ratio.

Dividends

TECL vs. AMZU - Dividend Comparison

TECL's dividend yield for the trailing twelve months is around 3.30%, less than AMZU's 5.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMZU Direxion Daily AMZN Bull 2X Shares	5.46%	6.12%	3.79%	3.37%	0.50%	0.00%	0.00%	0.00%	0.00%	0.00%
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%

Frequently Asked Questions

Can I hold both TECL and AMZU in my portfolio?

TECL and AMZU have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TECL or AMZU?

TECL has higher volatility (21.53%) compared to AMZU (14.79%). In terms of maximum drawdown, TECL dropped -77.96% vs AMZU's -55.59%.

Which ETF is better, TECL or AMZU?

On 3-year performance, TECL leads with 78.93% vs 25.82% for AMZU. On fees, TECL is cheaper at 0.91% per year. On volatility, AMZU has been the lower-risk option at 14.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TECL or AMZU?

Over the 3-year period, TECL has performed better with a 78.93% return vs 25.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TECL or AMZU?

TECL is cheaper with a 0.91% expense ratio, compared with 1.06% for AMZU.

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

AMZU has the higher dividend yield at 5.46%, compared with 3.30% for TECL.

What is the main difference between TECL and AMZU?

TECL tracks Technology Select Sector Index (300%), while AMZU tracks Amazon.com, Inc. (150%). Their fees differ too: 0.91% for TECL and 1.06% for AMZU.

Which has better risk-adjusted returns?

TECL currently has the higher Sharpe Ratio (4.03 vs 0.39), 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.