TECS vs. AMDG
TECS (Direxion Daily Technology Bear 3X Shares) and AMDG (Leverage Shares 2X Long AMD Daily ETF) are both exchange-traded funds - TECS is a Inverse Equities fund tracking the Technology Select Sector Index (-300%), while AMDG is a Leveraged Equities fund actively managed by Leverage Shares. TECS is passively managed, while AMDG is actively managed. Over the past year, TECS returned -69.62% vs 319.90% for AMDG. Their -0.72 correlation means they have often moved in opposite directions in the past. TECS charges 1.01%/yr vs 0.75%/yr for AMDG.
Performance
TECS vs. AMDG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TECS achieves a -55.78% return, which is significantly lower than AMDG's 230.68% return.
TECS
- 1D
- 0.41%
- 1M
- 4.74%
- 6M
- -55.63%
- YTD
- -55.78%
- 1Y
- -69.62%
- 3Y*
- -59.51%
- 5Y*
- -54.69%
- 10Y*
- -60.95%
- ALL TIME*
- -57.85%
AMDG
- 1D
- -3.81%
- 1M
- -20.14%
- 6M
- 179.34%
- YTD
- 230.68%
- 1Y
- 319.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 243.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.00M | $7.90M | $8.98M | |
| $26.82M | $44.05M | $62.80M |
TECS vs. AMDG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | -55.78% | -57.51% |
AMDG Leverage Shares 2X Long AMD Daily ETF | 230.68% | 95.49% |
Correlation
The correlation between TECS and AMDG is -0.73, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025 | -0.72 |
The correlation between TECS and AMDG has been stable across timeframes, ranging from -0.73 to -0.72 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TECS vs. AMDG — Risk / Return Rank
TECS
AMDG
TECS vs. AMDG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bear 3X Shares (TECS) and Leverage Shares 2X Long AMD Daily ETF (AMDG). 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.
| TECS | AMDG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.99 | ||
| Sortino ratioReturn per unit of downside risk | -4.33 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.35 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 5.31 | -6.20 |
| Martin ratioReturn relative to average drawdown | -1.58 | 9.98 | -11.56 |
Loading charts...
Drawdowns
TECS vs. AMDG - Drawdown Comparison
The maximum TECS drawdown since its inception was -100.00%, which is greater than AMDG's maximum drawdown of -63.32%. Use the drawdown chart below to compare losses from any high point for TECS and AMDG.
Loading charts...
Drawdown Indicators
| TECS | AMDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -63.32% | -36.68% |
Max Drawdown (1Y)Largest decline over 1 year | -76.16% | -56.48% | -19.68% |
Max Drawdown (3Y)Largest decline over 3 years | -96.22% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -98.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -37.43% | -62.57% |
Average DrawdownAverage peak-to-trough decline | -96.78% | -25.05% | -71.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.80% | 29.98% | +12.82% |
Volatility
TECS vs. AMDG - Volatility Comparison
The current volatility for Direxion Daily Technology Bear 3X Shares (TECS) is 29.88%, while Leverage Shares 2X Long AMD Daily ETF (AMDG) has a volatility of 49.04%. This indicates that TECS experiences smaller price fluctuations and is considered to be less risky than AMDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TECS | AMDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.88% | 49.04% | -19.16% |
Volatility (6M)Calculated over the trailing 6-month period | 65.87% | 113.22% | -47.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.74% | 142.79% | -66.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.85% | 135.20% | -58.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.44% | 135.20% | -61.76% |
TECS vs. AMDG - Expense Ratio Comparison
TECS has a 1.01% expense ratio, which is higher than AMDG's 0.75% expense ratio.
Dividends
TECS vs. AMDG - Dividend Comparison
TECS's dividend yield for the trailing twelve months is around 7.33%, more than AMDG's 3.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AMDG Leverage Shares 2X Long AMD Daily ETF | 3.39% | 11.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECS Direxion Daily Technology Bear 3X Shares | 7.33% | 5.83% | 5.24% | 7.52% | 0.00% | 0.00% | 1.50% | 2.40% | 0.72% |
Frequently Asked Questions
TECS and AMDG have a correlation of -0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMDG has higher volatility (49.04%) compared to TECS (29.88%). In terms of maximum drawdown, TECS dropped -100.00% vs AMDG's -63.32%.
On 1-year performance, AMDG leads with 319.90% vs -69.62% for TECS. On fees, AMDG is cheaper at 0.75% per year. On volatility, TECS has been the lower-risk option at 29.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AMDG has performed better with a 319.90% return vs -69.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AMDG is cheaper with a 0.75% expense ratio, compared with 1.01% for TECS.
TECS has the higher dividend yield at 7.33%, compared with 3.39% for AMDG.
TECS is categorized as Inverse Equities, while AMDG is Leveraged Equities. They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.01% for TECS and 0.75% for AMDG.
AMDG currently has the higher Sharpe Ratio (2.10 vs -0.88), 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.
Find the right allocation for TECS and AMDG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer