TECL vs. TECS
Compare and contrast key facts about Direxion Daily Technology Bull 3X Shares (TECL) and Direxion Daily Technology Bear 3X Shares (TECS).
TECL and TECS 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. TECS 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. Both TECL and TECS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TECL or TECS.
Key characteristics
| TECL | TECS | |
|---|---|---|
| YTD Return | -4.47% | -4.02% |
| 1Y Return | 79.71% | -55.73% |
| 3Y Return (Ann) | 10.47% | -45.94% |
| 5Y Return (Ann) | 31.38% | -62.10% |
| 10Y Return (Ann) | 39.34% | -56.05% |
| Sharpe Ratio | 1.40 | -1.02 |
| Daily Std Dev | 53.50% | 53.36% |
| Max Drawdown | -77.96% | -100.00% |
| Current Drawdown | -29.13% | -100.00% |
Correlation
The correlation between TECL and TECS is -0.97. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TECL vs. TECS - Performance Comparison
In the year-to-date period, TECL achieves a -4.47% return, which is significantly lower than TECS's -4.02% return. Over the past 10 years, TECL has outperformed TECS with an annualized return of 39.34%, while TECS has yielded a comparatively lower -56.05% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TECL vs. TECS - Expense Ratio Comparison
Both TECL and TECS have an expense ratio of 1.08%.
Risk-Adjusted Performance
TECL vs. TECS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) and Direxion Daily Technology Bear 3X Shares (TECS). 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.
Dividends
TECL vs. TECS - Dividend Comparison
TECL's dividend yield for the trailing twelve months is around 0.35%, less than TECS's 5.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
TECL Direxion Daily Technology Bull 3X Shares | 0.35% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
TECS Direxion Daily Technology Bear 3X Shares | 5.67% | 7.52% | 0.00% | 0.00% | 1.49% | 2.41% | 0.72% | 0.00% |
Drawdowns
TECL vs. TECS - Drawdown Comparison
The maximum TECL drawdown since its inception was -77.96%, smaller than the maximum TECS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TECL and TECS. For additional features, visit the drawdowns tool.
Volatility
TECL vs. TECS - Volatility Comparison
Direxion Daily Technology Bull 3X Shares (TECL) and Direxion Daily Technology Bear 3X Shares (TECS) have volatilities of 17.29% and 17.06%, 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.