TECL vs. HIBL

Last updated Jun 13, 2026

TECL (Direxion Daily Technology Bull 3X Shares) and HIBL (Direxion Daily S&P 500 High Beta Bull 3X Shares) are both Leveraged Equities funds from Direxion - TECL tracks the Technology Select Sector Index (300%) while HIBL tracks the S&P 500 High Beta Index (300%). Both are passively managed. Over the past 5 years, TECL returned 36.48%/yr vs 10.57%/yr for HIBL. A 0.73 correlation means they provide meaningful diversification when combined. TECL charges 0.91%/yr vs 1.12%/yr for HIBL.

Performance

TECL vs. HIBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Technology Bull 3X Shares (TECL) and Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with TECL having a 83.60% return and HIBL slightly lower at 80.33%.

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%

HIBL

• 1D: 4.55%
• 1M: 15.37%
• YTD: 80.33%
• 6M: 73.92%
• 1Y: 226.21%
• 3Y*: 49.52%
• 5Y*: 10.57%
• 10Y*: —

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

TECL vs. HIBL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TECL Direxion Daily Technology Bull 3X Shares	83.60%	38.60%	36.15%	203.14%	-74.32%	112.80%	69.46%	25.08%
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares	80.33%	60.38%	-0.40%	81.02%	-68.24%	129.14%	-24.96%	19.23%

Correlation

The correlation between TECL and HIBL is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019	0.73

The correlation between TECL and HIBL shifts across timeframes, from 0.73 (all time) to 0.84 (1 year), reflecting how their relationship changes across market environments.

TECL vs. HIBL - Sectors Allocation Comparison

Sectors	TECL	HIBL
Technology	20.6%	45.8%
Energy	0.0%	2.2%
Industrials	0.0%	11.7%
Basic Materials	-	4.6%
Communication Services	-	3.7%
Consumer Cyclical	-	12.9%
Consumer Defensive	-	0.6%
Financial Services	-	12.5%
Healthcare	-	2.9%
Real Estate	-	-
Utilities	-	3.2%

Return for Risk

TECL vs. HIBL — 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

HIBL

HIBL Risk / Return Rank: 88
HIBL Sharpe Ratio Rank: 94
HIBL Sortino Ratio Rank: 78
HIBL Omega Ratio Rank: 78
HIBL Calmar Ratio Rank: 95
HIBL Martin Ratio Rank: 95

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. HIBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) and Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL). 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	HIBL	Difference
Sharpe ratio: Return per unit of total volatility	2.66	3.19	-0.53
Sortino ratio: Return per unit of downside risk	2.69	3.01	-0.32
Omega ratio: Gain probability vs. loss probability	1.36	1.40	-0.04
Calmar ratio: Return relative to maximum drawdown	3.84	7.25	-3.41
Martin ratio: Return relative to average drawdown	10.73	25.38	-14.64

TECL vs. HIBL - Sharpe Ratio Comparison

The current TECL Sharpe Ratio is 2.66, which is comparable to the HIBL Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of TECL and HIBL, 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. HIBL - Drawdown Comparison

The maximum TECL drawdown since its inception was -77.96%, smaller than the maximum HIBL drawdown of -88.27%. Use the drawdown chart below to compare losses from any high point for TECL and HIBL.

Drawdown Indicators

	TECL	HIBL	Difference
Max Drawdown Largest peak-to-trough decline	-77.96%	-88.27%	+10.31%
Max Drawdown (1Y) Largest decline over 1 year	-46.58%	-31.39%	-15.19%
Max Drawdown (3Y) Largest decline over 3 years	-66.58%	-69.66%	+3.08%
Max Drawdown (5Y) Largest decline over 5 years	-77.96%	-81.58%	+3.62%
Max Drawdown (10Y) Largest decline over 10 years	-77.96%	—	—
Current Drawdown Current decline from peak	-21.15%	-10.19%	-10.96%
Average Drawdown Average peak-to-trough decline	-18.38%	-44.05%	+25.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.64%	8.96%	+7.68%

Volatility

TECL vs. HIBL - Volatility Comparison

Direxion Daily Technology Bull 3X Shares (TECL) and Direxion Daily S&P 500 High Beta Bull 3X Shares (HIBL) have volatilities of 33.55% and 34.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TECL	HIBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.55%	34.70%	-1.15%
Volatility (6M) Calculated over the trailing 6-month period	57.14%	57.54%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	67.39%	71.43%	-4.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.94%	83.04%	-8.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.79%	92.32%	-19.53%

TECL vs. HIBL - Expense Ratio Comparison

TECL has a 0.91% expense ratio, which is lower than HIBL's 1.12% expense ratio.

Dividends

TECL vs. HIBL - Dividend Comparison

TECL's dividend yield for the trailing twelve months is around 3.87%, more than HIBL's 1.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HIBL Direxion Daily S&P 500 High Beta Bull 3X Shares	1.28%	2.43%	0.82%	0.69%	0.00%	0.06%	0.19%	0.19%	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 HIBL in my portfolio?

TECL and HIBL have a correlation of 0.84, 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 HIBL?

HIBL has higher volatility (34.70%) compared to TECL (33.55%). In terms of maximum drawdown, TECL dropped -77.96% vs HIBL's -88.27%.

Which ETF is better, TECL or HIBL?

On 5-year performance, TECL leads with 36.48% vs 10.57% for HIBL. On fees, TECL is cheaper at 0.91% per year. On volatility, TECL has been the lower-risk option at 33.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TECL or HIBL?

Over the 5-year period, TECL has performed better with a 36.48% return vs 10.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TECL or HIBL?

TECL is cheaper with a 0.91% expense ratio, compared with 1.12% for HIBL.

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

TECL has the higher dividend yield at 3.87%, compared with 1.28% for HIBL.

What is the main difference between TECL and HIBL?

TECL tracks Technology Select Sector Index (300%), while HIBL tracks S&P 500 High Beta Index (300%). Their fees differ too: 0.91% for TECL and 1.12% for HIBL.

Which has better risk-adjusted returns?

HIBL currently has the higher Sharpe Ratio (3.19 vs 2.66), 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.