TECL vs. UMDD

Last updated Jun 9, 2026

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 51.28%/yr vs 11.46%/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.

Returns By Period

In the year-to-date period, TECL achieves a 83.49% return, which is significantly higher than UMDD's 31.54% return. Over the past 10 years, TECL has outperformed UMDD with an annualized return of 51.28%, while UMDD has yielded a comparatively lower 11.46% annualized return.

TECL

• 1D: 6.30%
• 1M: 11.53%
• YTD: 83.49%
• 6M: 68.65%
• 1Y: 192.14%
• 3Y*: 69.70%
• 5Y*: 37.52%
• 10Y*: 51.28%

UMDD

• 1D: 0.43%
• 1M: -0.66%
• YTD: 31.54%
• 6M: 30.82%
• 1Y: 55.88%
• 3Y*: 22.44%
• 5Y*: 1.30%
• 10Y*: 11.46%

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

TECL vs. UMDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TECL Direxion Daily Technology Bull 3X Shares	83.49%	38.60%	36.15%	203.14%	-74.32%	112.80%	69.46%	185.58%	-24.03%	124.82%
UMDD ProShares UltraPro MidCap400	31.54%	-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 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Feb 12, 2010	0.71

The correlation between TECL and UMDD shifts across timeframes, from 0.57 (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	20.6%	9.0%
Energy	0.0%	2.7%
Industrials	0.0%	13.4%
Basic Materials	-	2.6%
Communication Services	-	0.5%
Consumer Cyclical	-	5.1%
Consumer Defensive	-	2.2%
Financial Services	-	7.1%
Healthcare	-	4.8%
Real Estate	-	3.9%
Utilities	-	1.6%

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: 77
TECL Sharpe Ratio Rank: 92
TECL Sortino Ratio Rank: 69
TECL Omega Ratio Rank: 72
TECL Calmar Ratio Rank: 84
TECL Martin Ratio Rank: 70

UMDD

UMDD Risk / Return Rank: 42
UMDD Sharpe Ratio Rank: 37
UMDD Sortino Ratio Rank: 39
UMDD Omega Ratio Rank: 37
UMDD Calmar Ratio Rank: 48
UMDD Martin Ratio Rank: 48

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.

	TECL	UMDD	Difference
Sharpe ratio: Return per unit of total volatility	2.94	1.20	+1.74
Sortino ratio: Return per unit of downside risk	2.83	1.80	+1.03
Omega ratio: Gain probability vs. loss probability	1.39	1.22	+0.17
Calmar ratio: Return relative to maximum drawdown	4.15	2.16	+2.00
Martin ratio: Return relative to average drawdown	11.82	7.21	+4.61
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. UMDD - Sharpe Ratio Comparison

The current TECL Sharpe Ratio is 2.94, which is higher than the UMDD Sharpe Ratio of 1.20. 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.

Sharpe Ratios by Period

	TECL	UMDD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.94	1.20	+1.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.02	+0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.18	+0.52
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.32	+0.42

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.

Drawdown Indicators

	TECL	UMDD	Difference
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	-21.19%	-9.91%	-11.28%
Average Drawdown Average peak-to-trough decline	-18.38%	-23.60%	+5.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.33%	7.78%	+8.55%

Volatility

TECL vs. UMDD - Volatility Comparison

Direxion Daily Technology Bull 3X Shares (TECL) has a higher volatility of 32.17% compared to ProShares UltraPro MidCap400 (UMDD) at 12.43%. 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.

Volatility by Period

	TECL	UMDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.17%	12.43%	+19.74%
Volatility (6M) Calculated over the trailing 6-month period	55.30%	34.70%	+20.60%
Volatility (1Y) Calculated over the trailing 1-year period	65.89%	47.01%	+18.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.68%	58.96%	+15.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.68%	62.31%	+10.37%

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 3.87%, more than UMDD's 0.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TECL Direxion Daily Technology Bull 3X Shares	3.87%	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	0.80%	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

Can I hold both TECL and UMDD in my portfolio?

TECL and UMDD have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TECL or UMDD?

TECL has higher volatility (32.17%) compared to UMDD (12.43%). In terms of maximum drawdown, TECL dropped -77.96% vs UMDD's -86.24%.

Which ETF is better, TECL or UMDD?

On 10-year performance, TECL leads with 51.28% vs 11.46% for UMDD. On fees, TECL is cheaper at 0.91% per year. On volatility, UMDD has been the lower-risk option at 12.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TECL or UMDD?

Over the 10-year period, TECL has performed better with a 51.28% return vs 11.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TECL or UMDD?

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

Which ETF pays a higher dividend yield, TECL or UMDD?

TECL has the higher dividend yield at 3.87%, compared with 0.80% for UMDD.

What is the main difference between TECL and 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.

Which has better risk-adjusted returns?

TECL currently has the higher Sharpe Ratio (2.94 vs 1.20), 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.