TECL vs. WNTR

Last updated Jul 15, 2026

TECL (Direxion Daily Technology Bull 3X Shares) and WNTR (YieldMax Short MSTR Option Income Strategy ETF) are both exchange-traded funds - TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%), while WNTR is a Derivative Income fund actively managed by YieldMax. TECL is passively managed, while WNTR is actively managed. Over the past year, TECL returned 126.13% vs 119.74% for WNTR. At a correlation of -0.43, they often move in opposite directions. TECL charges 0.91%/yr vs 1.01%/yr for WNTR.

Performance

TECL vs. WNTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Technology Bull 3X Shares (TECL) and YieldMax Short MSTR Option Income Strategy ETF (WNTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TECL achieves a 73.38% return, which is significantly higher than WNTR's 5.96% return.

TECL

• 1D: 3.47%
• 1M: -5.57%
• 6M: 65.34%
• YTD: 73.38%
• 1Y: 126.13%
• 3Y*: 57.74%
• 5Y*: 29.60%
• 10Y*: 49.31%

WNTR

• 1D: -3.79%
• 1M: 13.60%
• 6M: 16.72%
• YTD: 5.96%
• 1Y: 119.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TECL vs. WNTR - Yearly Performance Comparison

	2026 (YTD)	2025
TECL Direxion Daily Technology Bull 3X Shares	73.38%	92.76%
WNTR YieldMax Short MSTR Option Income Strategy ETF	5.96%	52.78%

Correlation

The correlation between TECL and WNTR is -0.42, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.42
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	-0.43

Return for Risk

TECL vs. WNTR — Risk / Return Rank

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

TECL

TECL Risk / Return Rank: 60
TECL Sharpe Ratio Rank: 67
TECL Sortino Ratio Rank: 55
TECL Omega Ratio Rank: 56
TECL Calmar Ratio Rank: 69
TECL Martin Ratio Rank: 52

WNTR

WNTR Risk / Return Rank: 70
WNTR Sharpe Ratio Rank: 87
WNTR Sortino Ratio Rank: 67
WNTR Omega Ratio Rank: 72
WNTR Calmar Ratio Rank: 71
WNTR Martin Ratio Rank: 53

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. WNTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) and YieldMax Short MSTR Option Income Strategy ETF (WNTR). 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	WNTR	Difference
Sharpe ratio: Return per unit of total volatility	1.74	2.24	-0.50
Sortino ratio: Return per unit of downside risk	2.12	2.46	-0.34
Omega ratio: Gain probability vs. loss probability	1.28	1.34	-0.06
Calmar ratio: Return relative to maximum drawdown	2.72	2.82	-0.10
Martin ratio: Return relative to average drawdown	7.10	7.24	-0.15

TECL vs. WNTR - Sharpe Ratio Comparison

The current TECL Sharpe Ratio is 1.74, which is comparable to the WNTR Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of TECL and WNTR, 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. WNTR - Drawdown Comparison

The maximum TECL drawdown since its inception was -77.96%, which is greater than WNTR's maximum drawdown of -42.65%. Use the drawdown chart below to compare losses from any high point for TECL and WNTR.

Drawdown Indicators

	TECL	WNTR	Difference
Max Drawdown Largest peak-to-trough decline	-77.96%	-42.65%	-35.31%
Max Drawdown (1Y) Largest decline over 1 year	-46.58%	-42.65%	-3.93%
Max Drawdown (3Y) Largest decline over 3 years	-66.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-77.96%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-77.96%	—	—
Current Drawdown Current decline from peak	-25.54%	-13.55%	-11.99%
Average Drawdown Average peak-to-trough decline	-18.40%	-20.51%	+2.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.84%	16.60%	+1.24%

Volatility

TECL vs. WNTR - Volatility Comparison

Direxion Daily Technology Bull 3X Shares (TECL) has a higher volatility of 31.14% compared to YieldMax Short MSTR Option Income Strategy ETF (WNTR) at 19.07%. This indicates that TECL's price experiences larger fluctuations and is considered to be riskier than WNTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TECL	WNTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.14%	19.07%	+12.07%
Volatility (6M) Calculated over the trailing 6-month period	62.56%	47.38%	+15.18%
Volatility (1Y) Calculated over the trailing 1-year period	72.80%	53.89%	+18.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.06%	53.60%	+22.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.25%	53.60%	+19.65%

TECL vs. WNTR - Expense Ratio Comparison

TECL has a 0.91% expense ratio, which is lower than WNTR's 1.01% expense ratio.

Dividends

TECL vs. WNTR - Dividend Comparison

TECL's dividend yield for the trailing twelve months is around 4.11%, less than WNTR's 106.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
TECL Direxion Daily Technology Bull 3X Shares	4.11%	7.19%	0.29%	0.28%	0.22%	0.32%	0.52%	0.25%	0.47%	0.10%
WNTR YieldMax Short MSTR Option Income Strategy ETF	106.17%	58.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TECL and WNTR in my portfolio?

TECL and WNTR have a correlation of -0.42, 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 WNTR?

TECL has higher volatility (31.14%) compared to WNTR (19.07%). In terms of maximum drawdown, TECL dropped -77.96% vs WNTR's -42.65%.

Which ETF is better, TECL or WNTR?

On 1-year performance, TECL leads with 126.13% vs 119.74% for WNTR. On fees, TECL is cheaper at 0.91% per year. On volatility, WNTR has been the lower-risk option at 19.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TECL or WNTR?

Over the 1-year period, TECL has performed better with a 126.13% return vs 119.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TECL or WNTR?

TECL is cheaper with a 0.91% expense ratio, compared with 1.01% for WNTR.

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

WNTR has the higher dividend yield at 106.17%, compared with 4.11% for TECL.

What is the main difference between TECL and WNTR?

TECL is categorized as Leveraged Equities, while WNTR is Derivative Income. They also come from different issuers: Direxion and YieldMax. Their fees differ too: 0.91% for TECL and 1.01% for WNTR.

Which has better risk-adjusted returns?

WNTR currently has the higher Sharpe Ratio (2.24 vs 1.74), 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.