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TECL vs. YCS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TECL vs. YCS

Last updated Jun 7, 2026

TECL (Direxion Daily Technology Bull 3X Shares) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%), while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 10 years, TECL returned 50.09%/yr vs 12.25%/yr for YCS. At a 0.18 correlation, their price movements are largely independent. TECL charges 0.91%/yr vs 1.00%/yr for YCS.

Performance

TECL vs. YCS - Performance Comparison

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

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Returns By Period

In the year-to-date period, TECL achieves a 72.61% return, which is significantly higher than YCS's 7.54% return. Over the past 10 years, TECL has outperformed YCS with an annualized return of 50.09%, while YCS has yielded a comparatively lower 12.25% annualized return.

TECL

1D
-19.93%
1M
4.92%
YTD
72.61%
6M
62.00%
1Y
174.82%
3Y*
66.22%
5Y*
35.93%
10Y*
50.09%

YCS

1D
0.35%
1M
5.12%
YTD
7.54%
6M
10.01%
1Y
31.94%
3Y*
20.09%
5Y*
23.63%
10Y*
12.25%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TECL vs. YCS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TECL
Direxion Daily Technology Bull 3X Shares		72.61%38.60%36.15%203.14%-74.32%112.80%69.46%185.58%-24.03%124.82%
YCS
ProShares UltraShort Yen		7.54%9.04%35.41%28.70%29.09%22.38%-11.18%3.37%-1.49%-6.57%

Correlation

The correlation between TECL and YCS is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.06

Correlation (3Y)
Calculated over the trailing 3-year period

0.04

Correlation (5Y)
Calculated over the trailing 5-year period

0.02

Correlation (10Y)
Calculated over the trailing 10-year period

0.11

Correlation (All Time)
Calculated using the full available price history since Dec 31, 2008

0.18

The correlation between TECL and YCS shifts across timeframes, from -0.06 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Direxion Daily Technology Bull 3X Shares

ProShares UltraShort Yen

Often compared with TECL:
TECL vs. TQQQTECL vs. SOXLTECL vs. TECSTECL vs. QQQTECL vs. FNGUTECL vs. BULZTECL vs. VGT
Often compared with YCS:
YCS vs. YCLYCS vs. JPYUSD=XYCS vs. PFIXYCS vs. TBTYCS vs. UUPYCS vs. BCSFYCS vs. SPY

Return for Risk

TECL vs. YCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TECL
TECL Risk / Return Rank: 7070
Overall Rank
TECL Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
TECL Sortino Ratio Rank: 5959
Sortino Ratio Rank
TECL Omega Ratio Rank: 6363
Omega Ratio Rank
TECL Calmar Ratio Rank: 7979
Calmar Ratio Rank
TECL Martin Ratio Rank: 6464
Martin Ratio Rank
YCS
YCS Risk / Return Rank: 6767
Overall Rank
YCS Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
YCS Sortino Ratio Rank: 5656
Sortino Ratio Rank
YCS Omega Ratio Rank: 6363
Omega Ratio Rank
YCS Calmar Ratio Rank: 8282
Calmar Ratio Rank
YCS Martin Ratio Rank: 7272
Martin Ratio Rank
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. YCS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) and ProShares UltraShort Yen (YCS). 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.

TECLYCSDifference
Sharpe ratioReturn per unit of total volatility
2.80
2.00

+0.80

Sortino ratioReturn per unit of downside risk
2.75
2.54

+0.22

Omega ratioGain probability vs. loss probability

1.38

1.37

+0.01

Calmar ratioReturn relative to maximum drawdown

3.95

4.11

-0.17

Martin ratioReturn relative to average drawdown

11.27

12.84

-1.57

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. YCS - Sharpe Ratio Comparison

The current TECL Sharpe Ratio is 2.80, which is higher than the YCS Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of TECL and YCS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

TECLYCSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.80

2.00

+0.80

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.48

1.13

-0.64

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.69

0.65

+0.05

Sharpe Ratio (All Time)

Calculated using the full available price history

0.73

0.33

+0.39

Drawdowns

TECL vs. YCS - Drawdown Comparison

The maximum TECL drawdown since its inception was -77.96%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for TECL and YCS.

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Drawdown Indicators

TECLYCSDifference

Max Drawdown

Largest peak-to-trough decline

-77.96%

-49.56%

-28.40%

Max Drawdown (1Y)

Largest decline over 1 year

-46.58%

-8.30%

-38.28%

Max Drawdown (3Y)

Largest decline over 3 years

-66.58%

-23.05%

-43.53%

Max Drawdown (5Y)

Largest decline over 5 years

-77.96%

-27.32%

-50.64%

Max Drawdown (10Y)

Largest decline over 10 years

-77.96%

-27.32%

-50.64%

Current Drawdown

Current decline from peak

-25.87%

0.00%

-25.87%

Average Drawdown

Average peak-to-trough decline

-18.38%

-19.92%

+1.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

16.27%

2.65%

+13.62%

Volatility

TECL vs. YCS - Volatility Comparison

Direxion Daily Technology Bull 3X Shares (TECL) has a higher volatility of 31.75% compared to ProShares UltraShort Yen (YCS) at 1.56%. This indicates that TECL's price experiences larger fluctuations and is considered to be riskier than YCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TECLYCSDifference

Volatility (1M)

Calculated over the trailing 1-month period

31.75%

1.56%

+30.19%

Volatility (6M)

Calculated over the trailing 6-month period

55.01%

12.27%

+42.74%

Volatility (1Y)

Calculated over the trailing 1-year period

65.56%

17.09%

+48.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

74.60%

21.08%

+53.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

72.63%

19.00%

+53.63%

TECL vs. YCS - Expense Ratio Comparison

TECL has a 0.91% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

TECL vs. YCS - Dividend Comparison

TECL's dividend yield for the trailing twelve months is around 4.12%, while YCS has not paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
TECL
Direxion Daily Technology Bull 3X Shares		4.12%7.19%0.29%0.28%0.22%0.32%0.52%0.25%0.47%0.10%
YCS
ProShares UltraShort Yen		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

TECL and YCS have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TECL has higher volatility (31.75%) compared to YCS (1.56%). In terms of maximum drawdown, TECL dropped -77.96% vs YCS's -49.56%.

On 10-year performance, TECL leads with 50.09% vs 12.25% for YCS. On fees, TECL is cheaper at 0.91% per year. On volatility, YCS has been the lower-risk option at 1.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, TECL has performed better with a 50.09% return vs 12.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

TECL is cheaper with a 0.91% expense ratio, compared with 1.00% for YCS.

TECL has the higher dividend yield at 4.12%, compared with 0.00% for YCS.

TECL is categorized as Leveraged Equities, while YCS is Leveraged Currency. TECL tracks Technology Select Sector Index (300%), while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.91% for TECL and 1.00% for YCS.

TECL currently has the higher Sharpe Ratio (2.80 vs 2.00), 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.

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