TECL vs. BJ

Last updated Jun 13, 2026

TECL (Direxion Daily Technology Bull 3X Shares) is Leveraged Equities fund tracking the Technology Select Sector Index (300%), while BJ (BJ's Wholesale Club Holdings, Inc.) is a stock. Over the past 5 years, TECL returned 36.48%/yr vs 13.81%/yr for BJ. At a 0.19 correlation, their price movements are largely independent.

Performance

TECL vs. BJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Technology Bull 3X Shares (TECL) and BJ's Wholesale Club Holdings, Inc. (BJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TECL achieves a 83.60% return, which is significantly higher than BJ's 1.12% return.

TECL

• 1D: 2.54%
• 1M: 4.73%
• YTD: 83.60%
• 6M: 83.93%
• 1Y: 190.47%
• 3Y*: 65.24%
• 5Y*: 36.48%
• 10Y*: 51.70%

BJ

• 1D: 0.12%
• 1M: -5.13%
• YTD: 1.12%
• 6M: -2.28%
• 1Y: -17.70%
• 3Y*: 13.85%
• 5Y*: 13.81%
• 10Y*: —

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

TECL vs. BJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TECL Direxion Daily Technology Bull 3X Shares	83.60%	38.60%	36.15%	203.14%	-74.32%	112.80%	69.46%	185.58%	-34.18%
BJ BJ's Wholesale Club Holdings, Inc.	1.12%	0.76%	34.04%	0.76%	-1.21%	79.64%	63.94%	2.62%	4.28%

Correlation

The correlation between TECL and BJ is -0.20, 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	-0.20
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jun 28, 2018	0.19

The correlation between TECL and BJ shifts across timeframes, from -0.20 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TECL vs. BJ — Risk / Return Rank

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

TECL

TECL Risk / Return Rank: 76
TECL Sharpe Ratio Rank: 90
TECL Sortino Ratio Rank: 69
TECL Omega Ratio Rank: 71
TECL Calmar Ratio Rank: 83
TECL Martin Ratio Rank: 67

BJ

BJ Risk / Return Rank: 19
BJ Sharpe Ratio Rank: 18
BJ Sortino Ratio Rank: 18
BJ Omega Ratio Rank: 19
BJ Calmar Ratio Rank: 20
BJ Martin Ratio Rank: 22

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. BJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) and BJ's Wholesale Club Holdings, Inc. (BJ). 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.

	TECL	BJ	Difference
Sharpe ratio: Return per unit of total volatility	2.66	-0.57	+3.23
Sortino ratio: Return per unit of downside risk	2.69	-0.64	+3.33
Omega ratio: Gain probability vs. loss probability	1.36	0.92	+0.44
Calmar ratio: Return relative to maximum drawdown	3.84	-0.64	+4.48
Martin ratio: Return relative to average drawdown	10.73	-1.02	+11.75

TECL vs. BJ - Sharpe Ratio Comparison

The current TECL Sharpe Ratio is 2.66, which is higher than the BJ Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of TECL and BJ, 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

TECL vs. BJ - Drawdown Comparison

The maximum TECL drawdown since its inception was -77.96%, which is greater than BJ's maximum drawdown of -38.76%. Use the drawdown chart below to compare losses from any high point for TECL and BJ.

Drawdown Indicators

	TECL	BJ	Difference
Max Drawdown Largest peak-to-trough decline	-77.96%	-38.76%	-39.20%
Max Drawdown (1Y) Largest decline over 1 year	-46.58%	-26.66%	-19.92%
Max Drawdown (3Y) Largest decline over 3 years	-66.58%	-29.80%	-36.78%
Max Drawdown (5Y) Largest decline over 5 years	-77.96%	-29.80%	-48.16%
Max Drawdown (10Y) Largest decline over 10 years	-77.96%	—	—
Current Drawdown Current decline from peak	-21.15%	-24.10%	+2.95%
Average Drawdown Average peak-to-trough decline	-18.38%	-12.49%	-5.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.64%	16.75%	-0.11%

Volatility

TECL vs. BJ - Volatility Comparison

Direxion Daily Technology Bull 3X Shares (TECL) has a higher volatility of 33.55% compared to BJ's Wholesale Club Holdings, Inc. (BJ) at 11.68%. This indicates that TECL's price experiences larger fluctuations and is considered to be riskier than BJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TECL	BJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.55%	11.68%	+21.87%
Volatility (6M) Calculated over the trailing 6-month period	57.14%	22.77%	+34.37%
Volatility (1Y) Calculated over the trailing 1-year period	67.39%	29.80%	+37.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.94%	32.31%	+42.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.79%	37.15%	+35.64%

Dividends

TECL vs. BJ - Dividend Comparison

TECL's dividend yield for the trailing twelve months is around 3.87%, while BJ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BJ BJ's Wholesale Club Holdings, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TECL Direxion Daily Technology Bull 3X Shares	3.87%	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 BJ in my portfolio?

TECL and BJ have a correlation of -0.20, 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 BJ?

TECL has higher volatility (33.55%) compared to BJ (11.68%). In terms of maximum drawdown, TECL dropped -77.96% vs BJ's -38.76%.

Which has better risk-adjusted returns?

TECL currently has the higher Sharpe Ratio (2.66 vs -0.57), 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.