TECL vs. UYM

Last updated Jun 13, 2026

TECL (Direxion Daily Technology Bull 3X Shares) and UYM (ProShares Ultra Basic Materials) are both Leveraged Equities funds - TECL tracks the Technology Select Sector Index (300%) while UYM tracks the Dow Jones U.S. Basic Materials Index (200%). Both are passively managed. Over the past 10 years, TECL returned 51.70%/yr vs 12.48%/yr for UYM. A 0.62 correlation means they provide meaningful diversification when combined. TECL charges 0.91%/yr vs 0.95%/yr for UYM.

Performance

TECL vs. UYM - Performance Comparison

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

Returns By Period

In the year-to-date period, TECL achieves a 83.60% return, which is significantly higher than UYM's 27.95% return. Over the past 10 years, TECL has outperformed UYM with an annualized return of 51.70%, while UYM has yielded a comparatively lower 12.48% annualized return.

TECL

• 1D: 2.54%
• 1M: 4.73%
• YTD: 83.60%
• 6M: 83.93%
• 1Y: 190.47%
• 3Y*: 65.24%
• 5Y*: 36.48%
• 10Y*: 51.70%

UYM

• 1D: 3.74%
• 1M: 1.10%
• YTD: 27.95%
• 6M: 30.38%
• 1Y: 36.06%
• 3Y*: 11.85%
• 5Y*: 4.60%
• 10Y*: 12.48%

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

TECL vs. UYM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TECL Direxion Daily Technology Bull 3X Shares	83.60%	38.60%	36.15%	203.14%	-74.32%	112.80%	69.46%	185.58%	-24.03%	124.82%
UYM ProShares Ultra Basic Materials	27.95%	9.46%	-8.00%	17.47%	-23.10%	54.58%	16.56%	35.09%	-35.68%	51.51%

Correlation

The correlation between TECL and UYM is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Dec 30, 2008	0.62

Over the past year, the correlation between TECL and UYM has dropped to 0.35 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.

TECL vs. UYM - Sectors Allocation Comparison

Sectors	TECL	UYM
Technology	20.6%	-
Energy	0.0%	-
Industrials	0.0%	1.1%
Basic Materials	-	87.6%
Communication Services	-	-
Consumer Cyclical	-	12.4%
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

TECL vs. UYM — Risk / Return Rank

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

TECL

TECL Risk / Return Rank: 76
TECL Sharpe Ratio Rank: 90
TECL Sortino Ratio Rank: 69
TECL Omega Ratio Rank: 71
TECL Calmar Ratio Rank: 83
TECL Martin Ratio Rank: 67

UYM

UYM Risk / Return Rank: 29
UYM Sharpe Ratio Rank: 29
UYM Sortino Ratio Rank: 30
UYM Omega Ratio Rank: 28
UYM Calmar Ratio Rank: 31
UYM Martin Ratio Rank: 29

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. UYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) and ProShares Ultra Basic Materials (UYM). 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.

	TECL	UYM	Difference
Sharpe ratio: Return per unit of total volatility	2.66	0.94	+1.72
Sortino ratio: Return per unit of downside risk	2.69	1.47	+1.22
Omega ratio: Gain probability vs. loss probability	1.36	1.17	+0.19
Calmar ratio: Return relative to maximum drawdown	3.84	1.38	+2.46
Martin ratio: Return relative to average drawdown	10.73	3.67	+7.07

TECL vs. UYM - Sharpe Ratio Comparison

The current TECL Sharpe Ratio is 2.66, which is higher than the UYM Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of TECL and UYM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TECL vs. UYM - Drawdown Comparison

The maximum TECL drawdown since its inception was -77.96%, smaller than the maximum UYM drawdown of -92.77%. Use the drawdown chart below to compare losses from any high point for TECL and UYM.

Drawdown Indicators

	TECL	UYM	Difference
Max Drawdown Largest peak-to-trough decline	-77.96%	-92.77%	+14.81%
Max Drawdown (1Y) Largest decline over 1 year	-46.58%	-23.85%	-22.73%
Max Drawdown (3Y) Largest decline over 3 years	-66.58%	-43.88%	-22.70%
Max Drawdown (5Y) Largest decline over 5 years	-77.96%	-48.25%	-29.71%
Max Drawdown (10Y) Largest decline over 10 years	-77.96%	-73.31%	-4.65%
Current Drawdown Current decline from peak	-21.15%	-7.32%	-13.83%
Average Drawdown Average peak-to-trough decline	-18.38%	-42.06%	+23.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.64%	8.95%	+7.69%

Volatility

TECL vs. UYM - Volatility Comparison

Direxion Daily Technology Bull 3X Shares (TECL) has a higher volatility of 33.55% compared to ProShares Ultra Basic Materials (UYM) at 14.01%. This indicates that TECL's price experiences larger fluctuations and is considered to be riskier than UYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TECL	UYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.55%	14.01%	+19.54%
Volatility (6M) Calculated over the trailing 6-month period	57.14%	27.29%	+29.85%
Volatility (1Y) Calculated over the trailing 1-year period	67.39%	35.09%	+32.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.94%	39.49%	+35.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.79%	42.86%	+29.93%

TECL vs. UYM - Expense Ratio Comparison

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

Dividends

TECL vs. UYM - Dividend Comparison

TECL's dividend yield for the trailing twelve months is around 3.87%, more than UYM's 1.19% 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%
UYM ProShares Ultra Basic Materials	1.19%	1.47%	0.98%	0.28%	0.88%	0.52%	0.56%	1.24%	0.94%	0.38%	0.55%	0.42%

Frequently Asked Questions

Can I hold both TECL and UYM in my portfolio?

TECL and UYM have a correlation of 0.35, 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 UYM?

TECL has higher volatility (33.55%) compared to UYM (14.01%). In terms of maximum drawdown, TECL dropped -77.96% vs UYM's -92.77%.

Which ETF is better, TECL or UYM?

On 10-year performance, TECL leads with 51.70% vs 12.48% for UYM. On fees, TECL is cheaper at 0.91% per year. On volatility, UYM has been the lower-risk option at 14.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TECL or UYM?

Over the 10-year period, TECL has performed better with a 51.70% return vs 12.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TECL or UYM?

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

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

TECL has the higher dividend yield at 3.87%, compared with 1.19% for UYM.

What is the main difference between TECL and UYM?

TECL tracks Technology Select Sector Index (300%), while UYM tracks Dow Jones U.S. Basic Materials Index (200%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.91% for TECL and 0.95% for UYM.

Which has better risk-adjusted returns?

TECL currently has the higher Sharpe Ratio (2.66 vs 0.94), 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.