TECL vs. SOXX

Last updated Apr 3, 2026

Compare and contrast key facts about Direxion Daily Technology Bull 3X Shares (TECL) and iShares Semiconductor ETF (SOXX).

TECL and SOXX 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. SOXX is a passively managed fund by iShares that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jul 10, 2001. Both TECL and SOXX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

TECL vs. SOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Technology Bull 3X Shares (TECL) and iShares Semiconductor ETF (SOXX). The values are adjusted to include any dividend payments, if applicable.

TECL vs. SOXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TECL Direxion Daily Technology Bull 3X Shares	-21.28%	38.60%	36.15%	203.14%	-74.32%	112.80%	69.46%	185.58%	-24.03%	124.82%
SOXX iShares Semiconductor ETF	12.84%	40.74%	12.92%	67.12%	-35.09%	44.09%	52.72%	62.42%	-6.49%	39.79%

Returns By Period

In the year-to-date period, TECL achieves a -21.28% return, which is significantly lower than SOXX's 12.84% return. Over the past 10 years, TECL has outperformed SOXX with an annualized return of 38.26%, while SOXX has yielded a comparatively lower 28.54% annualized return.

TECL

• 1D: 2.27%
• 1M: -5.76%
• YTD: -21.28%
• 6M: -24.42%
• 1Y: 61.49%
• 3Y*: 38.97%
• 5Y*: 17.97%
• 10Y*: 38.26%

SOXX

• 1D: 0.32%
• 1M: 1.51%
• YTD: 12.84%
• 6M: 20.81%
• 1Y: 80.38%
• 3Y*: 33.13%
• 5Y*: 19.27%
• 10Y*: 28.54%

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

TECL vs. SOXX - Expense Ratio Comparison

TECL has a 1.08% expense ratio, which is higher than SOXX's 0.34% expense ratio.

TECL

Direxion Daily Technology Bull 3X Shares

SOXX

iShares Semiconductor ETF

Return for Risk

TECL vs. SOXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TECL

TECL Risk / Return Rank: 44
TECL Sharpe Ratio Rank: 37
TECL Sortino Ratio Rank: 53
TECL Omega Ratio Rank: 52
TECL Calmar Ratio Rank: 45
TECL Martin Ratio Rank: 35

SOXX

SOXX Risk / Return Rank: 91
SOXX Sharpe Ratio Rank: 89
SOXX Sortino Ratio Rank: 89
SOXX Omega Ratio Rank: 87
SOXX Calmar Ratio Rank: 95
SOXX 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. SOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) and iShares Semiconductor ETF (SOXX). 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	SOXX	Difference
Sharpe ratio Return per unit of total volatility	0.77	2.01	-1.24
Sortino ratio Return per unit of downside risk	1.50	2.62	-1.12
Omega ratio Gain probability vs. loss probability	1.21	1.37	-0.17
Calmar ratio Return relative to maximum drawdown	1.39	4.46	-3.07
Martin ratio Return relative to average drawdown	3.84	16.48	-12.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TECL vs. SOXX - Sharpe Ratio Comparison

The current TECL Sharpe Ratio is 0.77, which is lower than the SOXX Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of TECL and SOXX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TECL	SOXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	2.01	-1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.55	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.87	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.37	+0.27

Correlation

The correlation between TECL and SOXX is 0.85, 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. SOXX - Dividend Comparison

TECL's dividend yield for the trailing twelve months is around 9.02%, more than SOXX's 0.49% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TECL Direxion Daily Technology Bull 3X Shares	9.02%	7.19%	0.29%	0.28%	0.22%	0.32%	0.52%	0.25%	0.47%	0.10%	0.00%	0.00%
SOXX iShares Semiconductor ETF	0.49%	0.57%	0.67%	0.78%	1.26%	0.64%	0.81%	1.23%	1.37%	0.90%	1.08%	1.29%

Drawdowns

TECL vs. SOXX - Drawdown Comparison

The maximum TECL drawdown since its inception was -77.96%, which is greater than SOXX's maximum drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for TECL and SOXX.

Drawdown Indicators

	TECL	SOXX	Difference
Max Drawdown Largest peak-to-trough decline	-77.96%	-70.21%	-7.75%
Max Drawdown (1Y) Largest decline over 1 year	-46.58%	-15.77%	-30.81%
Max Drawdown (5Y) Largest decline over 5 years	-77.96%	-45.75%	-32.21%
Max Drawdown (10Y) Largest decline over 10 years	-77.96%	-45.75%	-32.21%
Current Drawdown Current decline from peak	-35.65%	-7.66%	-27.99%
Average Drawdown Average peak-to-trough decline	-18.49%	-20.10%	+1.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.90%	4.95%	+11.95%

Volatility

TECL vs. SOXX - Volatility Comparison

Direxion Daily Technology Bull 3X Shares (TECL) has a higher volatility of 23.88% compared to iShares Semiconductor ETF (SOXX) at 12.68%. This indicates that TECL's price experiences larger fluctuations and is considered to be riskier than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TECL	SOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.88%	12.68%	+11.20%
Volatility (6M) Calculated over the trailing 6-month period	49.44%	26.35%	+23.09%
Volatility (1Y) Calculated over the trailing 1-year period	79.86%	40.12%	+39.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.50%	35.47%	+38.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.83%	32.98%	+38.85%