TECL vs. XTAP
Compare and contrast key facts about Direxion Daily Technology Bull 3X Shares (TECL) and Innovator U.S. Equity Accelerated Plus ETF (XTAP).
TECL and XTAP 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. XTAP is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
TECL vs. XTAP - Performance Comparison
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TECL vs. XTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TECL Direxion Daily Technology Bull 3X Shares | -26.26% | 38.60% | 36.15% | 203.14% | -74.32% | 97.60% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 1.66% | 17.58% | 14.26% | 23.46% | -14.68% | 11.87% |
Returns By Period
In the year-to-date period, TECL achieves a -26.26% return, which is significantly lower than XTAP's 1.66% return.
TECL
- 1D
- 12.84%
- 1M
- -14.10%
- YTD
- -26.26%
- 6M
- -25.99%
- 1Y
- 57.56%
- 3Y*
- 35.75%
- 5Y*
- 16.44%
- 10Y*
- 37.20%
XTAP
- 1D
- 0.08%
- 1M
- 0.65%
- YTD
- 1.66%
- 6M
- 4.34%
- 1Y
- 16.29%
- 3Y*
- 16.22%
- 5Y*
- —
- 10Y*
- —
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TECL vs. XTAP - Expense Ratio Comparison
TECL has a 1.08% expense ratio, which is higher than XTAP's 0.79% expense ratio.
Return for Risk
TECL vs. XTAP — Risk / Return Rank
TECL
XTAP
TECL vs. XTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) and Innovator U.S. Equity Accelerated Plus ETF (XTAP). 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 | XTAP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.73 | 1.14 | -0.42 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.76 | -0.32 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.44 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.24 | 1.43 | -0.18 |
Martin ratioReturn relative to average drawdown | 3.49 | 9.78 | -6.29 |
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 | XTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.73 | 1.14 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.69 | -0.06 |
Correlation
The correlation between TECL and XTAP is 0.84, 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. XTAP - Dividend Comparison
TECL's dividend yield for the trailing twelve months is around 9.63%, while XTAP has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TECL Direxion Daily Technology Bull 3X Shares | 9.63% | 7.19% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TECL vs. XTAP - Drawdown Comparison
The maximum TECL drawdown since its inception was -77.96%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for TECL and XTAP.
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Drawdown Indicators
| TECL | XTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.96% | -22.13% | -55.83% |
Max Drawdown (1Y)Largest decline over 1 year | -46.58% | -11.83% | -34.75% |
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 | -39.72% | 0.00% | -39.72% |
Average DrawdownAverage peak-to-trough decline | -18.48% | -3.57% | -14.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.58% | 1.73% | +14.85% |
Volatility
TECL vs. XTAP - Volatility Comparison
Direxion Daily Technology Bull 3X Shares (TECL) has a higher volatility of 24.14% compared to Innovator U.S. Equity Accelerated Plus ETF (XTAP) at 0.77%. This indicates that TECL's price experiences larger fluctuations and is considered to be riskier than XTAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TECL | XTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.14% | 0.77% | +23.37% |
Volatility (6M)Calculated over the trailing 6-month period | 49.30% | 2.52% | +46.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.75% | 14.33% | +65.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.54% | 14.60% | +58.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.84% | 14.60% | +57.24% |