TECS vs. GEVG

Last updated Apr 3, 2026

Compare and contrast key facts about Direxion Daily Technology Bear 3X Shares (TECS) and Leverage Shares 2X Long GEV Daily ETF (GEVG).

TECS and GEVG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TECS 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. GEVG is an actively managed fund by Leverage Shares. It was launched on Dec 16, 2025.

Performance

TECS vs. GEVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Technology Bear 3X Shares (TECS) and Leverage Shares 2X Long GEV Daily ETF (GEVG). The values are adjusted to include any dividend payments, if applicable.

TECS vs. GEVG - Yearly Performance Comparison

	2026 (YTD)	2025
TECS Direxion Daily Technology Bear 3X Shares	12.21%	-3.67%
GEVG Leverage Shares 2X Long GEV Daily ETF	74.25%	-11.09%

Returns By Period

In the year-to-date period, TECS achieves a 12.21% return, which is significantly lower than GEVG's 74.25% return.

TECS

• 1D: -2.23%
• 1M: 0.52%
• YTD: 12.21%
• 6M: 6.16%
• 1Y: -67.22%
• 3Y*: -53.50%
• 5Y*: -49.95%
• 10Y*: -57.85%

GEVG

• 1D: 0.37%
• 1M: 10.57%
• YTD: 74.25%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TECS vs. GEVG - Expense Ratio Comparison

TECS has a 1.08% expense ratio, which is higher than GEVG's 0.75% expense ratio.

TECS

Direxion Daily Technology Bear 3X Shares

GEVG

Leverage Shares 2X Long GEV Daily ETF

Return for Risk

TECS vs. GEVG — Risk / Return Rank

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

TECS

TECS Risk / Return Rank: 2
TECS Sharpe Ratio Rank: 1
TECS Sortino Ratio Rank: 1
TECS Omega Ratio Rank: 1
TECS Calmar Ratio Rank: 1
TECS Martin Ratio Rank: 4

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.

TECS vs. GEVG - 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 GEV Daily ETF (GEVG). 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.

	TECS	GEVG	Difference
Sharpe ratio Return per unit of total volatility	-0.84	—	—
Sortino ratio Return per unit of downside risk	-1.28	—	—
Omega ratio Gain probability vs. loss probability	0.83	—	—
Calmar ratio Return relative to maximum drawdown	-0.82	—	—
Martin ratio Return relative to average drawdown	-0.93	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TECS	GEVG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.84	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.68	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.85	3.76	-4.61

Correlation

The correlation between TECS and GEVG is -0.54. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

TECS vs. GEVG - Dividend Comparison

TECS's dividend yield for the trailing twelve months is around 3.47%, while GEVG has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
TECS Direxion Daily Technology Bear 3X Shares	3.47%	5.83%	5.24%	7.52%	0.00%	0.00%	1.50%	2.40%	0.72%
GEVG Leverage Shares 2X Long GEV Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

TECS vs. GEVG - Drawdown Comparison

The maximum TECS drawdown since its inception was -100.00%, which is greater than GEVG's maximum drawdown of -22.16%. Use the drawdown chart below to compare losses from any high point for TECS and GEVG.

Drawdown Indicators

	TECS	GEVG	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-22.16%	-77.84%
Max Drawdown (1Y) Largest decline over 1 year	-83.03%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-97.73%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.99%	—	—
Current Drawdown Current decline from peak	-100.00%	-6.45%	-93.55%
Average Drawdown Average peak-to-trough decline	-96.73%	-7.40%	-89.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	72.87%	—	—

Volatility

Volatility by Period

	TECS	GEVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	49.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	80.20%	94.71%	-14.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.68%	94.71%	-21.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.66%	94.71%	-23.05%