TECL vs. QTAP
Compare and contrast key facts about Direxion Daily Technology Bull 3X Shares (TECL) and Innovator Growth Accelerated Plus ETF - April (QTAP).
TECL and QTAP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TECL is a passively managed fund by Direxion that tracks the performance of the Technology Select Sector Index (300%). It was launched on Dec 17, 2008. QTAP is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
TECL vs. QTAP - Performance Comparison
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TECL vs. QTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TECL Direxion Daily Technology Bull 3X Shares | -23.03% | 38.60% | 36.15% | 203.14% | -74.32% | 97.60% |
QTAP Innovator Growth Accelerated Plus ETF - April | 3.02% | 19.36% | 17.34% | 43.32% | -25.87% | 15.63% |
Returns By Period
In the year-to-date period, TECL achieves a -23.03% return, which is significantly lower than QTAP's 3.02% return.
TECL
- 1D
- 4.38%
- 1M
- -11.82%
- YTD
- -23.03%
- 6M
- -24.85%
- 1Y
- 61.22%
- 3Y*
- 37.70%
- 5Y*
- 17.45%
- 10Y*
- 37.79%
QTAP
- 1D
- 1.74%
- 1M
- 1.79%
- YTD
- 3.02%
- 6M
- 5.43%
- 1Y
- 21.08%
- 3Y*
- 19.58%
- 5Y*
- —
- 10Y*
- —
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TECL vs. QTAP - Expense Ratio Comparison
TECL has a 1.08% expense ratio, which is higher than QTAP's 0.79% expense ratio.
Return for Risk
TECL vs. QTAP — Risk / Return Rank
TECL
QTAP
TECL vs. QTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) and Innovator Growth Accelerated Plus ETF - April (QTAP). 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 | QTAP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 1.29 | -0.52 |
Sortino ratioReturn per unit of downside risk | 1.49 | 2.05 | -0.56 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.50 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.81 | -0.43 |
Martin ratioReturn relative to average drawdown | 3.85 | 12.95 | -9.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TECL | QTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 1.29 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.64 | -0.01 |
Correlation
The correlation between TECL and QTAP is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TECL vs. QTAP - Dividend Comparison
TECL's dividend yield for the trailing twelve months is around 9.23%, while QTAP has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TECL Direxion Daily Technology Bull 3X Shares | 9.23% | 7.19% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
QTAP Innovator Growth Accelerated Plus ETF - April | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TECL vs. QTAP - Drawdown Comparison
The maximum TECL drawdown since its inception was -77.96%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for TECL and QTAP.
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Drawdown Indicators
| TECL | QTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.96% | -29.44% | -48.52% |
Max Drawdown (1Y)Largest decline over 1 year | -46.58% | -12.04% | -34.54% |
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 | -37.08% | 0.00% | -37.08% |
Average DrawdownAverage peak-to-trough decline | -18.49% | -5.21% | -13.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.75% | 1.68% | +15.07% |
Volatility
TECL vs. QTAP - Volatility Comparison
Direxion Daily Technology Bull 3X Shares (TECL) has a higher volatility of 24.34% compared to Innovator Growth Accelerated Plus ETF - April (QTAP) at 1.88%. This indicates that TECL's price experiences larger fluctuations and is considered to be riskier than QTAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TECL | QTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.34% | 1.88% | +22.46% |
Volatility (6M)Calculated over the trailing 6-month period | 49.46% | 3.23% | +46.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.85% | 16.38% | +63.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.52% | 19.03% | +54.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.84% | 19.03% | +52.81% |