TECL vs. DGS
TECL (Direxion Daily Technology Bull 3X Shares) and DGS (WisdomTree Emerging Markets SmallCap Dividend Fund) are both exchange-traded funds - TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%), while DGS is a Emerging Markets Diversified fund tracking the WisdomTree Emerging Markets SmallCap Dividend Index. Both are passively managed. Over the past 10 years, TECL returned 51.70%/yr vs 10.14%/yr for DGS. A 0.64 correlation means they provide meaningful diversification when combined. TECL charges 0.91%/yr vs 0.58%/yr for DGS.
Performance
TECL vs. DGS - Performance Comparison
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Returns By Period
In the year-to-date period, TECL achieves a 83.60% return, which is significantly higher than DGS's 14.94% return. Over the past 10 years, TECL has outperformed DGS with an annualized return of 51.70%, while DGS has yielded a comparatively lower 10.14% annualized 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%
DGS
- 1D
- 0.65%
- 1M
- 1.51%
- YTD
- 14.94%
- 6M
- 17.07%
- 1Y
- 25.61%
- 3Y*
- 15.36%
- 5Y*
- 8.06%
- 10Y*
- 10.14%
TECL vs. DGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TECL Direxion Daily Technology Bull 3X Shares | 83.60% | 38.60% | 36.15% | 203.14% | -74.32% | 112.80% | 69.46% | 185.58% | -24.03% | 124.82% |
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 14.94% | 21.18% | 1.13% | 19.08% | -12.35% | 15.33% | 4.06% | 18.90% | -16.52% | 37.47% |
Correlation
The correlation between TECL and DGS is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2008 | 0.64 |
The correlation between TECL and DGS has been stable across timeframes, ranging from 0.56 to 0.64 - a consistent structural relationship.
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Return for Risk
TECL vs. DGS — Risk / Return Rank
TECL
DGS
TECL vs. DGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) and WisdomTree Emerging Markets SmallCap Dividend Fund (DGS). 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 | DGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.27 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | 2.38 | +1.46 |
| Martin ratioReturn relative to average drawdown | 10.73 | 7.84 | +2.89 |
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Drawdowns
TECL vs. DGS - Drawdown Comparison
The maximum TECL drawdown since its inception was -77.96%, which is greater than DGS's maximum drawdown of -61.83%. Use the drawdown chart below to compare losses from any high point for TECL and DGS.
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Drawdown Indicators
| TECL | DGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.96% | -61.83% | -16.13% |
Max Drawdown (1Y)Largest decline over 1 year | -46.58% | -10.06% | -36.52% |
Max Drawdown (3Y)Largest decline over 3 years | -66.58% | -19.31% | -47.27% |
Max Drawdown (5Y)Largest decline over 5 years | -77.96% | -24.86% | -53.10% |
Max Drawdown (10Y)Largest decline over 10 years | -77.96% | -44.08% | -33.88% |
Current DrawdownCurrent decline from peak | -21.15% | -1.05% | -20.10% |
Average DrawdownAverage peak-to-trough decline | -18.38% | -12.57% | -5.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.64% | 3.05% | +13.59% |
Volatility
TECL vs. DGS - Volatility Comparison
Direxion Daily Technology Bull 3X Shares (TECL) has a higher volatility of 33.55% compared to WisdomTree Emerging Markets SmallCap Dividend Fund (DGS) at 7.30%. This indicates that TECL's price experiences larger fluctuations and is considered to be riskier than DGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TECL | DGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.55% | 7.30% | +26.25% |
Volatility (6M)Calculated over the trailing 6-month period | 57.14% | 14.27% | +42.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.39% | 16.60% | +50.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.94% | 15.08% | +59.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.79% | 17.39% | +55.40% |
TECL vs. DGS - Expense Ratio Comparison
TECL has a 0.91% expense ratio, which is higher than DGS's 0.58% expense ratio.
Dividends
TECL vs. DGS - Dividend Comparison
TECL's dividend yield for the trailing twelve months is around 3.87%, more than DGS's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGS WisdomTree Emerging Markets SmallCap Dividend Fund | 3.20% | 3.45% | 3.36% | 4.55% | 5.34% | 3.98% | 3.69% | 3.95% | 4.24% | 2.81% | 3.42% | 3.28% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
TECL and DGS have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECL has higher volatility (33.55%) compared to DGS (7.30%). In terms of maximum drawdown, TECL dropped -77.96% vs DGS's -61.83%.
On 10-year performance, TECL leads with 51.70% vs 10.14% for DGS. On fees, DGS is cheaper at 0.58% per year. On volatility, DGS has been the lower-risk option at 7.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TECL has performed better with a 51.70% return vs 10.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DGS is cheaper with a 0.58% expense ratio, compared with 0.91% for TECL.
TECL has the higher dividend yield at 3.87%, compared with 3.20% for DGS.
TECL is categorized as Leveraged Equities, while DGS is Emerging Markets Diversified. TECL tracks Technology Select Sector Index (300%), while DGS tracks WisdomTree Emerging Markets SmallCap Dividend Index. They also come from different issuers: Direxion and WisdomTree. Their fees differ too: 0.91% for TECL and 0.58% for DGS.
TECL currently has the higher Sharpe Ratio (2.66 vs 1.44), 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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