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TECL vs. TQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TECL and TQQQ is 0.89, 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.


-0.50.00.51.0
Correlation: 0.9

Performance

TECL vs. TQQQ - Performance Comparison

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

5,000.00%10,000.00%15,000.00%20,000.00%NovemberDecember2025FebruaryMarchApril
7,377.13%
12,878.31%
TECL
TQQQ

Key characteristics

Sharpe Ratio

TECL:

-0.21

TQQQ:

0.04

Sortino Ratio

TECL:

0.29

TQQQ:

0.58

Omega Ratio

TECL:

1.04

TQQQ:

1.08

Calmar Ratio

TECL:

-0.28

TQQQ:

0.05

Martin Ratio

TECL:

-0.70

TQQQ:

0.13

Ulcer Index

TECL:

26.65%

TQQQ:

20.43%

Daily Std Dev

TECL:

89.05%

TQQQ:

74.97%

Max Drawdown

TECL:

-77.96%

TQQQ:

-81.66%

Current Drawdown

TECL:

-51.72%

TQQQ:

-41.90%

Returns By Period

In the year-to-date period, TECL achieves a -40.25% return, which is significantly lower than TQQQ's -31.73% return. Over the past 10 years, TECL has outperformed TQQQ with an annualized return of 30.34%, while TQQQ has yielded a comparatively lower 27.88% annualized return.


TECL

YTD

-40.25%

1M

-16.90%

6M

-40.87%

1Y

-19.35%

5Y*

30.29%

10Y*

30.34%

TQQQ

YTD

-31.73%

1M

-15.02%

6M

-27.48%

1Y

3.28%

5Y*

28.11%

10Y*

27.88%

*Annualized

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TECL vs. TQQQ - Expense Ratio Comparison

TECL has a 1.08% expense ratio, which is higher than TQQQ's 0.95% expense ratio.


Expense ratio chart for TECL: current value is 1.08%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TECL: 1.08%
Expense ratio chart for TQQQ: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TQQQ: 0.95%

Risk-Adjusted Performance

TECL vs. TQQQ — Risk-Adjusted Performance Rank

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

TECL
The Risk-Adjusted Performance Rank of TECL is 1515
Overall Rank
The Sharpe Ratio Rank of TECL is 1111
Sharpe Ratio Rank
The Sortino Ratio Rank of TECL is 2626
Sortino Ratio Rank
The Omega Ratio Rank of TECL is 2626
Omega Ratio Rank
The Calmar Ratio Rank of TECL is 66
Calmar Ratio Rank
The Martin Ratio Rank of TECL is 88
Martin Ratio Rank

TQQQ
The Risk-Adjusted Performance Rank of TQQQ is 3030
Overall Rank
The Sharpe Ratio Rank of TQQQ is 2121
Sharpe Ratio Rank
The Sortino Ratio Rank of TQQQ is 4343
Sortino Ratio Rank
The Omega Ratio Rank of TQQQ is 4343
Omega Ratio Rank
The Calmar Ratio Rank of TQQQ is 2222
Calmar Ratio Rank
The Martin Ratio Rank of TQQQ is 2121
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

TECL vs. TQQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) and ProShares UltraPro QQQ (TQQQ). 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.


The chart of Sharpe ratio for TECL, currently valued at -0.21, compared to the broader market-1.000.001.002.003.004.00
TECL: -0.21
TQQQ: 0.04
The chart of Sortino ratio for TECL, currently valued at 0.29, compared to the broader market-2.000.002.004.006.008.00
TECL: 0.29
TQQQ: 0.58
The chart of Omega ratio for TECL, currently valued at 1.04, compared to the broader market0.501.001.502.00
TECL: 1.04
TQQQ: 1.08
The chart of Calmar ratio for TECL, currently valued at -0.28, compared to the broader market0.002.004.006.008.0010.0012.00
TECL: -0.28
TQQQ: 0.05
The chart of Martin ratio for TECL, currently valued at -0.70, compared to the broader market0.0020.0040.0060.00
TECL: -0.70
TQQQ: 0.13

The current TECL Sharpe Ratio is -0.21, which is lower than the TQQQ Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of TECL and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
-0.21
0.04
TECL
TQQQ

Dividends

TECL vs. TQQQ - Dividend Comparison

TECL's dividend yield for the trailing twelve months is around 0.66%, less than TQQQ's 1.83% yield.


TTM20242023202220212020201920182017201620152014
TECL
Direxion Daily Technology Bull 3X Shares
0.66%0.29%0.28%0.22%0.32%0.52%0.25%0.47%0.10%0.00%0.00%0.00%
TQQQ
ProShares UltraPro QQQ
1.83%1.27%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%

Drawdowns

TECL vs. TQQQ - Drawdown Comparison

The maximum TECL drawdown since its inception was -77.96%, roughly equal to the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for TECL and TQQQ. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-51.72%
-41.90%
TECL
TQQQ

Volatility

TECL vs. TQQQ - Volatility Comparison

Direxion Daily Technology Bull 3X Shares (TECL) has a higher volatility of 54.73% compared to ProShares UltraPro QQQ (TQQQ) at 48.66%. This indicates that TECL's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
54.73%
48.66%
TECL
TQQQ