TECL vs. XDSQ
Compare and contrast key facts about Direxion Daily Technology Bull 3X Shares (TECL) and Innovator US Equity Accelerated ETF (XDSQ).
TECL and XDSQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TECL is a passively managed fund by Direxion that tracks the performance of the Technology Select Sector Index (300%). It was launched on Dec 17, 2008. XDSQ is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
TECL vs. XDSQ - Performance Comparison
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TECL vs. XDSQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TECL Direxion Daily Technology Bull 3X Shares | -23.03% | 38.60% | 36.15% | 203.14% | -74.32% | 97.60% |
XDSQ Innovator US Equity Accelerated ETF | -4.22% | 14.22% | 23.12% | 23.00% | -16.78% | 12.75% |
Returns By Period
In the year-to-date period, TECL achieves a -23.03% return, which is significantly lower than XDSQ's -4.22% return.
TECL
- 1D
- 4.38%
- 1M
- -11.82%
- YTD
- -23.03%
- 6M
- -24.85%
- 1Y
- 61.22%
- 3Y*
- 37.70%
- 5Y*
- 17.45%
- 10Y*
- 37.79%
XDSQ
- 1D
- 0.71%
- 1M
- -5.75%
- YTD
- -4.22%
- 6M
- -0.33%
- 1Y
- 14.44%
- 3Y*
- 14.44%
- 5Y*
- —
- 10Y*
- —
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TECL vs. XDSQ - Expense Ratio Comparison
TECL has a 1.08% expense ratio, which is higher than XDSQ's 0.79% expense ratio.
Return for Risk
TECL vs. XDSQ — Risk / Return Rank
TECL
XDSQ
TECL vs. XDSQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) and Innovator US Equity Accelerated ETF (XDSQ). 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 | XDSQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 0.81 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.27 | +0.23 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 1.21 | +0.18 |
Martin ratioReturn relative to average drawdown | 3.85 | 5.87 | -2.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TECL | XDSQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 0.81 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.61 | +0.03 |
Correlation
The correlation between TECL and XDSQ is 0.86, 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.
Dividends
TECL vs. XDSQ - Dividend Comparison
TECL's dividend yield for the trailing twelve months is around 9.23%, while XDSQ has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TECL Direxion Daily Technology Bull 3X Shares | 9.23% | 7.19% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
XDSQ Innovator US Equity Accelerated ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TECL vs. XDSQ - Drawdown Comparison
The maximum TECL drawdown since its inception was -77.96%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for TECL and XDSQ.
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Drawdown Indicators
| TECL | XDSQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.96% | -26.06% | -51.90% |
Max Drawdown (1Y)Largest decline over 1 year | -46.58% | -12.18% | -34.40% |
Max Drawdown (5Y)Largest decline over 5 years | -77.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -77.96% | — | — |
Current DrawdownCurrent decline from peak | -37.08% | -6.46% | -30.62% |
Average DrawdownAverage peak-to-trough decline | -18.49% | -5.08% | -13.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.75% | 2.50% | +14.25% |
Volatility
TECL vs. XDSQ - Volatility Comparison
Direxion Daily Technology Bull 3X Shares (TECL) has a higher volatility of 24.34% compared to Innovator US Equity Accelerated ETF (XDSQ) at 5.68%. This indicates that TECL's price experiences larger fluctuations and is considered to be riskier than XDSQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TECL | XDSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.34% | 5.68% | +18.66% |
Volatility (6M)Calculated over the trailing 6-month period | 49.46% | 9.63% | +39.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.85% | 17.99% | +61.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.52% | 15.32% | +58.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.84% | 15.32% | +56.52% |