TECL vs. BTGD

Last updated Jun 13, 2026

TECL (Direxion Daily Technology Bull 3X Shares) and BTGD (STKD Bitcoin & Gold ETF) are both exchange-traded funds - TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%), while BTGD is a Cryptocurrency fund actively managed by Quantify Funds. TECL is passively managed, while BTGD is actively managed. Over the past year, TECL returned 177.82% vs -37.15% for BTGD. At a 0.42 correlation, their price movements are largely independent. TECL charges 0.91%/yr vs 1.00%/yr for BTGD.

Performance

TECL vs. BTGD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Technology Bull 3X Shares (TECL) and STKD Bitcoin & Gold ETF (BTGD). 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 BTGD's -35.01% return.

TECL

• 1D: 2.54%
• 1M: 9.30%
• YTD: 83.60%
• 6M: 83.93%
• 1Y: 177.82%
• 3Y*: 65.24%
• 5Y*: 36.48%
• 10Y*: 51.70%

BTGD

• 1D: -0.31%
• 1M: -29.78%
• YTD: -35.01%
• 6M: -37.20%
• 1Y: -37.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TECL vs. BTGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TECL Direxion Daily Technology Bull 3X Shares	83.60%	38.60%	0.33%
BTGD STKD Bitcoin & Gold ETF	-35.01%	34.62%	29.32%

Correlation

The correlation between TECL and BTGD is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Oct 16, 2024	0.42

Return for Risk

TECL vs. BTGD — 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

BTGD

BTGD Risk / Return Rank: 4
BTGD Sharpe Ratio Rank: 4
BTGD Sortino Ratio Rank: 4
BTGD Omega Ratio Rank: 5
BTGD Calmar Ratio Rank: 4
BTGD Martin Ratio Rank: 2

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. BTGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) and STKD Bitcoin & Gold ETF (BTGD). 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	BTGD	Difference
Sharpe ratio: Return per unit of total volatility	2.66	-0.66	+3.32
Sortino ratio: Return per unit of downside risk	2.69	-0.73	+3.42
Omega ratio: Gain probability vs. loss probability	1.36	0.91	+0.45
Calmar ratio: Return relative to maximum drawdown	3.84	-0.68	+4.52
Martin ratio: Return relative to average drawdown	10.73	-1.45	+12.18

TECL vs. BTGD - Sharpe Ratio Comparison

The current TECL Sharpe Ratio is 2.66, which is higher than the BTGD Sharpe Ratio of -0.66. The chart below compares the historical Sharpe Ratios of TECL and BTGD, 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. BTGD - Drawdown Comparison

The maximum TECL drawdown since its inception was -77.96%, which is greater than BTGD's maximum drawdown of -54.66%. Use the drawdown chart below to compare losses from any high point for TECL and BTGD.

Drawdown Indicators

	TECL	BTGD	Difference
Max Drawdown Largest peak-to-trough decline	-77.96%	-54.66%	-23.30%
Max Drawdown (1Y) Largest decline over 1 year	-46.58%	-54.66%	+8.08%
Max Drawdown (3Y) Largest decline over 3 years	-66.58%	—	—
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	-21.15%	-52.39%	+31.24%
Average Drawdown Average peak-to-trough decline	-18.38%	-15.18%	-3.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.64%	25.61%	-8.97%

Volatility

TECL vs. BTGD - Volatility Comparison

Direxion Daily Technology Bull 3X Shares (TECL) has a higher volatility of 33.55% compared to STKD Bitcoin & Gold ETF (BTGD) at 16.25%. This indicates that TECL's price experiences larger fluctuations and is considered to be riskier than BTGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TECL	BTGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.55%	16.25%	+17.30%
Volatility (6M) Calculated over the trailing 6-month period	57.14%	46.83%	+10.31%
Volatility (1Y) Calculated over the trailing 1-year period	67.39%	56.26%	+11.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.94%	55.94%	+19.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.79%	55.94%	+16.85%

TECL vs. BTGD - Expense Ratio Comparison

TECL has a 0.91% expense ratio, which is lower than BTGD's 1.00% expense ratio.

Dividends

TECL vs. BTGD - Dividend Comparison

TECL's dividend yield for the trailing twelve months is around 3.87%, less than BTGD's 5.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BTGD STKD Bitcoin & Gold ETF	5.17%	3.36%	0.19%	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 BTGD in my portfolio?

TECL and BTGD have a correlation of 0.49, 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 BTGD?

TECL has higher volatility (33.55%) compared to BTGD (16.25%). In terms of maximum drawdown, TECL dropped -77.96% vs BTGD's -54.66%.

Which ETF is better, TECL or BTGD?

On 1-year performance, TECL leads with 177.82% vs -37.15% for BTGD. On fees, TECL is cheaper at 0.91% per year. On volatility, BTGD has been the lower-risk option at 16.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TECL or BTGD?

Over the 1-year period, TECL has performed better with a 177.82% return vs -37.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TECL or BTGD?

TECL is cheaper with a 0.91% expense ratio, compared with 1.00% for BTGD.

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

BTGD has the higher dividend yield at 5.17%, compared with 3.87% for TECL.

What is the main difference between TECL and BTGD?

TECL is categorized as Leveraged Equities, while BTGD is Cryptocurrency. They also come from different issuers: Direxion and Quantify Funds. Their fees differ too: 0.91% for TECL and 1.00% for BTGD.

Which has better risk-adjusted returns?

TECL currently has the higher Sharpe Ratio (2.66 vs -0.66), 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.