TECS vs. PLTD
TECS (Direxion Daily Technology Bear 3X Shares) and PLTD (Direxion Daily PLTR Bear 1X Shares) are both Inverse Equities funds from Direxion - TECS tracks the Technology Select Sector Index (-300%) while PLTD tracks the Palantir Technologies Inc. (-100%). Both are passively managed. Over the past year, TECS returned -69.62% vs 3.22% for PLTD. Their 0.52 correlation means they have sometimes moved together and sometimes differently. TECS charges 1.01%/yr vs 0.98%/yr for PLTD.
Performance
TECS vs. PLTD - Performance Comparison
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Returns By Period
In the year-to-date period, TECS achieves a -55.78% return, which is significantly lower than PLTD's 26.78% 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%
PLTD
- 1D
- -0.72%
- 1M
- 3.64%
- 6M
- 5.36%
- YTD
- 26.78%
- 1Y
- 3.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -46.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $308.34M | $340.03M | $346.45M | |
| $26.82M | $44.05M | $62.80M |
TECS vs. PLTD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | -55.78% | -62.44% | 3.68% |
PLTD Direxion Daily PLTR Bear 1X Shares | 26.78% | -70.53% | -5.12% |
Correlation
The correlation between TECS and PLTD is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Dec 11, 2024 | 0.52 |
The correlation between TECS and PLTD has been stable across timeframes, ranging from 0.42 to 0.52 - a consistent structural relationship.
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Return for Risk
TECS vs. PLTD — Risk / Return Rank
TECS
PLTD
TECS vs. PLTD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bear 3X Shares (TECS) and Direxion Daily PLTR Bear 1X Shares (PLTD). 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 | PLTD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.07 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 0.22 | -1.11 |
| Martin ratioReturn relative to average drawdown | -1.58 | 0.42 | -2.00 |
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Drawdowns
TECS vs. PLTD - Drawdown Comparison
The maximum TECS drawdown since its inception was -100.00%, which is greater than PLTD's maximum drawdown of -77.34%. Use the drawdown chart below to compare losses from any high point for TECS and PLTD.
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Drawdown Indicators
| TECS | PLTD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -77.34% | -22.66% |
Max Drawdown (1Y)Largest decline over 1 year | -76.16% | -27.95% | -48.21% |
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% | -67.53% | -32.47% |
Average DrawdownAverage peak-to-trough decline | -96.78% | -60.13% | -36.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.80% | 14.70% | +28.10% |
Volatility
TECS vs. PLTD - Volatility Comparison
Direxion Daily Technology Bear 3X Shares (TECS) has a higher volatility of 29.88% compared to Direxion Daily PLTR Bear 1X Shares (PLTD) at 13.69%. This indicates that TECS's price experiences larger fluctuations and is considered to be riskier than PLTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TECS | PLTD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.88% | 13.69% | +16.19% |
Volatility (6M)Calculated over the trailing 6-month period | 65.87% | 40.22% | +25.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.74% | 52.47% | +24.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.85% | 62.67% | +14.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.44% | 62.67% | +10.77% |
TECS vs. PLTD - Expense Ratio Comparison
TECS has a 1.01% expense ratio, which is higher than PLTD's 0.98% expense ratio.
Dividends
TECS vs. PLTD - Dividend Comparison
TECS's dividend yield for the trailing twelve months is around 7.33%, more than PLTD's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
PLTD Direxion Daily PLTR Bear 1X Shares | 2.76% | 5.17% | 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 PLTD have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECS has higher volatility (29.88%) compared to PLTD (13.69%). In terms of maximum drawdown, TECS dropped -100.00% vs PLTD's -77.34%.
On 1-year performance, PLTD leads with 3.22% vs -69.62% for TECS. On fees, PLTD is cheaper at 0.98% per year. On volatility, PLTD has been the lower-risk option at 13.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PLTD has performed better with a 3.22% return vs -69.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PLTD is cheaper with a 0.98% expense ratio, compared with 1.01% for TECS.
TECS has the higher dividend yield at 7.33%, compared with 2.76% for PLTD.
TECS tracks Technology Select Sector Index (-300%), while PLTD tracks Palantir Technologies Inc. (-100%). Their fees differ too: 1.01% for TECS and 0.98% for PLTD.
PLTD currently has the higher Sharpe Ratio (0.12 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.
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