TECL vs. CEG
TECL (Direxion Daily Technology Bull 3X Shares) is Leveraged Equities fund tracking the Technology Select Sector Index (300%), while CEG (Constellation Energy Corp) is a stock. Over the past 3 years, TECL returned 50.97%/yr vs 38.87%/yr for CEG. At a 0.43 correlation, their price movements are largely independent.
Performance
TECL vs. CEG - Performance Comparison
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Returns By Period
In the year-to-date period, TECL achieves a 51.67% return, which is significantly higher than CEG's -28.03% return.
TECL
- 1D
- 0.12%
- 1M
- -24.73%
- 6M
- 47.64%
- YTD
- 51.67%
- 1Y
- 86.67%
- 3Y*
- 50.97%
- 5Y*
- 26.20%
- 10Y*
- 46.56%
- ALL TIME*
- 46.94%
CEG
- 1D
- 0.44%
- 1M
- -7.50%
- 6M
- -17.38%
- YTD
- -28.03%
- 1Y
- -20.72%
- 3Y*
- 38.87%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 45.07%
TECL vs. CEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TECL Direxion Daily Technology Bull 3X Shares | 51.67% | 38.60% | 36.15% | 203.14% | -67.79% |
CEG Constellation Energy Corp | -28.03% | 58.80% | 92.71% | 37.24% | 73.87% |
Correlation
The correlation between TECL and CEG is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022 | 0.43 |
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Return for Risk
TECL vs. CEG — Risk / Return Rank
TECL
CEG
TECL vs. CEG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) and Constellation Energy Corp (CEG). 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 | CEG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.64 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.96 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | -0.50 | +2.38 |
| Martin ratioReturn relative to average drawdown | 4.75 | -0.93 | +5.68 |
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Drawdowns
TECL vs. CEG - Drawdown Comparison
The maximum TECL drawdown since its inception was -77.96%, which is greater than CEG's maximum drawdown of -50.70%. Use the drawdown chart below to compare losses from any high point for TECL and CEG.
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Drawdown Indicators
| TECL | CEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.96% | -50.70% | -27.26% |
Max Drawdown (1Y)Largest decline over 1 year | -46.58% | -41.22% | -5.36% |
Max Drawdown (3Y)Largest decline over 3 years | -66.58% | -50.70% | -15.88% |
Max Drawdown (5Y)Largest decline over 5 years | -77.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -77.96% | — | — |
Current DrawdownCurrent decline from peak | -34.86% | -36.99% | +2.13% |
Average DrawdownAverage peak-to-trough decline | -18.41% | -12.19% | -6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.31% | 22.36% | -4.05% |
Volatility
TECL vs. CEG - Volatility Comparison
Direxion Daily Technology Bull 3X Shares (TECL) has a higher volatility of 28.79% compared to Constellation Energy Corp (CEG) at 10.11%. This indicates that TECL's price experiences larger fluctuations and is considered to be riskier than CEG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TECL | CEG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.79% | 10.11% | +18.68% |
Volatility (6M)Calculated over the trailing 6-month period | 63.05% | 35.36% | +27.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.41% | 46.62% | +26.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.08% | 49.11% | +26.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.29% | 49.11% | +24.18% |
Dividends
TECL vs. CEG - Dividend Comparison
TECL's dividend yield for the trailing twelve months is around 4.69%, more than CEG's 0.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CEG Constellation Energy Corp | 0.64% | 0.44% | 0.63% | 0.97% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECL Direxion Daily Technology Bull 3X Shares | 4.69% | 7.19% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
Frequently Asked Questions
TECL and CEG have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECL has higher volatility (28.79%) compared to CEG (10.11%). In terms of maximum drawdown, TECL dropped -77.96% vs CEG's -50.70%.
TECL currently has the higher Sharpe Ratio (1.19 vs -0.45), 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.
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