TECL vs. BRK-B

Last updated Jun 9, 2026

TECL (Direxion Daily Technology Bull 3X Shares) is Leveraged Equities fund tracking the Technology Select Sector Index (300%), while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, TECL returned 51.28%/yr vs 13.14%/yr for BRK-B. At a 0.50 correlation, their price movements are largely independent.

Performance

TECL vs. BRK-B - Performance Comparison

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

Returns By Period

In the year-to-date period, TECL achieves a 83.49% return, which is significantly higher than BRK-B's -3.11% return. Over the past 10 years, TECL has outperformed BRK-B with an annualized return of 51.28%, while BRK-B has yielded a comparatively lower 13.14% annualized return.

TECL

• 1D: 6.30%
• 1M: 11.53%
• YTD: 83.49%
• 6M: 68.65%
• 1Y: 192.14%
• 3Y*: 69.70%
• 5Y*: 37.52%
• 10Y*: 51.28%

BRK-B

• 1D: -0.23%
• 1M: 2.32%
• YTD: -3.11%
• 6M: -2.06%
• 1Y: -1.32%
• 3Y*: 13.25%
• 5Y*: 11.03%
• 10Y*: 13.14%

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

TECL vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TECL Direxion Daily Technology Bull 3X Shares	83.49%	38.60%	36.15%	203.14%	-74.32%	112.80%	69.46%	185.58%	-24.03%	124.82%
BRK-B Berkshire Hathaway Inc.	-3.11%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between TECL and BRK-B is -0.14, 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	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Dec 30, 2008	0.50

The correlation between TECL and BRK-B shifts across timeframes, from -0.14 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TECL vs. BRK-B — Risk / Return Rank

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

TECL

TECL Risk / Return Rank: 77
TECL Sharpe Ratio Rank: 92
TECL Sortino Ratio Rank: 69
TECL Omega Ratio Rank: 72
TECL Calmar Ratio Rank: 84
TECL Martin Ratio Rank: 70

BRK-B

BRK-B Risk / Return Rank: 35
BRK-B Sharpe Ratio Rank: 38
BRK-B Sortino Ratio Rank: 30
BRK-B Omega Ratio Rank: 30
BRK-B Calmar Ratio Rank: 38
BRK-B Martin Ratio Rank: 37

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. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) and Berkshire Hathaway Inc. (BRK-B). 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	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	2.94	-0.09	+3.03
Sortino ratio: Return per unit of downside risk	2.83	-0.03	+2.86
Omega ratio: Gain probability vs. loss probability	1.39	1.00	+0.39
Calmar ratio: Return relative to maximum drawdown	4.15	-0.14	+4.29
Martin ratio: Return relative to average drawdown	11.82	-0.30	+12.12
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. BRK-B - Sharpe Ratio Comparison

The current TECL Sharpe Ratio is 2.94, which is higher than the BRK-B Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of TECL and BRK-B, 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	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.94	-0.09	+3.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.65	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.68	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.48	+0.25

Drawdowns

TECL vs. BRK-B - Drawdown Comparison

The maximum TECL drawdown since its inception was -77.96%, which is greater than BRK-B's maximum drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for TECL and BRK-B.

Drawdown Indicators

	TECL	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-77.96%	-53.86%	-24.10%
Max Drawdown (1Y) Largest decline over 1 year	-46.58%	-9.42%	-37.16%
Max Drawdown (3Y) Largest decline over 3 years	-66.58%	-14.95%	-51.63%
Max Drawdown (5Y) Largest decline over 5 years	-77.96%	-26.58%	-51.38%
Max Drawdown (10Y) Largest decline over 10 years	-77.96%	-29.57%	-48.39%
Current Drawdown Current decline from peak	-21.19%	-9.78%	-11.41%
Average Drawdown Average peak-to-trough decline	-18.38%	-11.07%	-7.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.33%	4.49%	+11.84%

Volatility

TECL vs. BRK-B - Volatility Comparison

Direxion Daily Technology Bull 3X Shares (TECL) has a higher volatility of 32.17% compared to Berkshire Hathaway Inc. (BRK-B) at 3.98%. This indicates that TECL's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TECL	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.17%	3.98%	+28.19%
Volatility (6M) Calculated over the trailing 6-month period	55.30%	10.87%	+44.43%
Volatility (1Y) Calculated over the trailing 1-year period	65.89%	14.38%	+51.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.68%	17.13%	+57.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.68%	19.44%	+53.24%

Dividends

TECL vs. BRK-B - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRK-B Berkshire Hathaway 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 BRK-B in my portfolio?

TECL and BRK-B have a correlation of -0.14, 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 BRK-B?

TECL has higher volatility (32.17%) compared to BRK-B (3.98%). In terms of maximum drawdown, TECL dropped -77.96% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

TECL currently has the higher Sharpe Ratio (2.94 vs -0.09), 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.