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TECL vs. UMDD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TECL vs. UMDD

Last updated Jul 21, 2026
Documentation

TECL (Direxion Daily Technology Bull 3X Shares) and UMDD (ProShares UltraPro MidCap400) are both Leveraged Equities funds - TECL tracks the Technology Select Sector Index (300%) while UMDD tracks the S&P MidCap 400 Index (300%). Both are passively managed. Over the past 10 years, TECL returned 46.56%/yr vs 10.70%/yr for UMDD. A 0.71 correlation means they provide meaningful diversification when combined. TECL charges 0.91%/yr vs 0.95%/yr for UMDD.

Performance

TECL vs. UMDD - 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 MidCap400 (UMDD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TECL achieves a 51.67% return, which is significantly higher than UMDD's 34.48% return. Over the past 10 years, TECL has outperformed UMDD with an annualized return of 46.56%, while UMDD has yielded a comparatively lower 10.70% annualized return.

TECL

1D
0.12%
1M
-24.73%
6M
47.64%
YTD
51.67%
1Y
86.67%
3Y*
50.97%
5Y*
26.20%
10Y*
46.56%
ALL TIME*
46.94%

UMDD

1D
-2.43%
1M
-4.30%
6M
13.80%
YTD
34.48%
1Y
43.82%
3Y*
16.59%
5Y*
3.27%
10Y*
10.70%
ALL TIME*
19.19%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TECL vs. UMDD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TECL
Direxion Daily Technology Bull 3X Shares		51.67%38.60%36.15%203.14%-74.32%112.80%69.46%185.58%-24.03%124.82%
UMDD
ProShares UltraPro MidCap400		34.48%-2.57%19.68%27.21%-49.60%72.27%-17.30%78.90%-40.29%49.17%

Correlation

The correlation between TECL and UMDD is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.59

Correlation (3Y)
Calculated over the trailing 3-year period

0.61

Correlation (5Y)
Calculated over the trailing 5-year period

0.69

Correlation (10Y)
Calculated over the trailing 10-year period

0.66

Correlation (All Time)
Calculated using the full available price history since Feb 11, 2010

0.71

The correlation between TECL and UMDD shifts across timeframes, from 0.59 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

TECL vs. UMDD - Sectors Allocation Comparison

Sectors
TECL
UMDD

Technology

99.2%
17.2%

Communication Services

0.8%
1.5%

Energy

0.0%
4.6%

Industrials

0.0%
25.3%

Basic Materials

-

4.8%

Consumer Cyclical

-

10.5%

Consumer Defensive

-

3.2%

Financial Services

-

13.9%

Healthcare

-

9.0%

Real Estate

-

7.2%

Utilities

-

2.9%

Technology

TECL
99.2%
UMDD
17.2%

Communication Services

TECL
0.8%
UMDD
1.5%

Energy

TECL
0.0%
UMDD
4.6%

Industrials

TECL
0.0%
UMDD
25.3%

Basic Materials

TECL

-

UMDD
4.8%

Consumer Cyclical

TECL

-

UMDD
10.5%

Consumer Defensive

TECL

-

UMDD
3.2%

Financial Services

TECL

-

UMDD
13.9%

Healthcare

TECL

-

UMDD
9.0%

Real Estate

TECL

-

UMDD
7.2%

Utilities

TECL

-

UMDD
2.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Direxion Daily Technology Bull 3X Shares

ProShares UltraPro MidCap400

Often compared with TECL:
TECL vs. TQQQTECL vs. SOXLTECL vs. TECSTECL vs. QQQTECL vs. FNGUTECL vs. BULZTECL vs. VGT
Often compared with UMDD:
UMDD vs. MIDUUMDD vs. SMDDUMDD vs. MVVUMDD vs. SAAUMDD vs. MDYUMDD vs. TQQQUMDD vs. URTY

Return for Risk

TECL vs. UMDD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TECL
TECL Risk / Return Rank: 4444
Overall Rank
TECL Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
TECL Sortino Ratio Rank: 4444
Sortino Ratio Rank
TECL Omega Ratio Rank: 4444
Omega Ratio Rank
TECL Calmar Ratio Rank: 4949
Calmar Ratio Rank
TECL Martin Ratio Rank: 4040
Martin Ratio Rank
UMDD
UMDD Risk / Return Rank: 3939
Overall Rank
UMDD Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
UMDD Sortino Ratio Rank: 3838
Sortino Ratio Rank
UMDD Omega Ratio Rank: 3535
Omega Ratio Rank
UMDD Calmar Ratio Rank: 4444
Calmar Ratio Rank
UMDD Martin Ratio Rank: 4646
Martin Ratio Rank
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. UMDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) and ProShares UltraPro MidCap400 (UMDD). 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.

TECLUMDDDifference
Sharpe ratioReturn per unit of total volatility
1.19
0.93

+0.26

Sortino ratioReturn per unit of downside risk
1.73
1.54

+0.19

Omega ratioGain probability vs. loss probability

1.22

1.18

+0.04

Calmar ratioReturn relative to maximum drawdown

1.87

1.69

+0.18

Martin ratioReturn relative to average drawdown

4.75

5.59

-0.84

TECL vs. UMDD - Sharpe Ratio Comparison

The current TECL Sharpe Ratio is 1.19, which is comparable to the UMDD Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of TECL and UMDD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TECL vs. UMDD - Drawdown Comparison

The maximum TECL drawdown since its inception was -77.96%, smaller than the maximum UMDD drawdown of -86.24%. Use the drawdown chart below to compare losses from any high point for TECL and UMDD.

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Drawdown Indicators

TECLUMDDDifference

Max Drawdown

Largest peak-to-trough decline

-77.96%

-86.24%

+8.28%

Max Drawdown (1Y)

Largest decline over 1 year

-46.58%

-26.04%

-20.54%

Max Drawdown (3Y)

Largest decline over 3 years

-66.58%

-60.33%

-6.25%

Max Drawdown (5Y)

Largest decline over 5 years

-77.96%

-64.61%

-13.35%

Max Drawdown (10Y)

Largest decline over 10 years

-77.96%

-86.24%

+8.28%

Current Drawdown

Current decline from peak

-34.86%

-8.63%

-26.23%

Average Drawdown

Average peak-to-trough decline

-18.41%

-23.47%

+5.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

18.31%

7.86%

+10.45%

Volatility

TECL vs. UMDD - Volatility Comparison

Direxion Daily Technology Bull 3X Shares (TECL) has a higher volatility of 28.79% compared to ProShares UltraPro MidCap400 (UMDD) at 10.26%. This indicates that TECL's price experiences larger fluctuations and is considered to be riskier than UMDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TECLUMDDDifference

Volatility (1M)

Calculated over the trailing 1-month period

28.79%

10.26%

+18.53%

Volatility (6M)

Calculated over the trailing 6-month period

63.05%

35.21%

+27.84%

Volatility (1Y)

Calculated over the trailing 1-year period

73.41%

47.26%

+26.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

76.08%

58.70%

+17.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

73.29%

62.09%

+11.20%

TECL vs. UMDD - Expense Ratio Comparison

TECL has a 0.91% expense ratio, which is lower than UMDD's 0.95% expense ratio.

Dividends

TECL vs. UMDD - Dividend Comparison

TECL's dividend yield for the trailing twelve months is around 4.69%, more than UMDD's 0.69% yield.

PositionTTM20252024202320222021202020192018201720162015
TECL
Direxion Daily Technology Bull 3X Shares		4.69%7.19%0.29%0.28%0.22%0.32%0.52%0.25%0.47%0.10%0.00%0.00%
UMDD
ProShares UltraPro MidCap400		0.69%1.00%0.76%0.19%0.49%0.06%0.08%0.64%0.32%0.00%0.03%0.06%

Frequently Asked Questions

TECL and UMDD have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TECL has higher volatility (28.79%) compared to UMDD (10.26%). In terms of maximum drawdown, TECL dropped -77.96% vs UMDD's -86.24%.

On 10-year performance, TECL leads with 46.56% vs 10.70% for UMDD. On fees, TECL is cheaper at 0.91% per year. On volatility, UMDD has been the lower-risk option at 10.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, TECL has performed better with a 46.56% return vs 10.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

TECL is cheaper with a 0.91% expense ratio, compared with 0.95% for UMDD.

TECL has the higher dividend yield at 4.69%, compared with 0.69% for UMDD.

TECL tracks Technology Select Sector Index (300%), while UMDD tracks S&P MidCap 400 Index (300%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.91% for TECL and 0.95% for UMDD.

TECL currently has the higher Sharpe Ratio (1.19 vs 0.93), 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.

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