TECS vs. SLV
Compare and contrast key facts about Direxion Daily Technology Bear 3X Shares (TECS) and iShares Silver Trust (SLV).
TECS and SLV 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. SLV is a passively managed fund by iShares that tracks the performance of the LBMA Silver Price. It was launched on Apr 21, 2006. Both TECS and SLV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
TECS vs. SLV - Performance Comparison
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TECS vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | 14.77% | -62.44% | -49.76% | -74.45% | 45.05% | -67.92% | -87.79% | -73.77% | -19.14% | -60.81% |
SLV iShares Silver Trust | 5.77% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 47.30% | 14.88% | -9.19% | 5.82% |
Returns By Period
In the year-to-date period, TECS achieves a 14.77% return, which is significantly higher than SLV's 5.77% return. Over the past 10 years, TECS has underperformed SLV with an annualized return of -57.71%, while SLV has yielded a comparatively higher 16.87% annualized return.
TECS
- 1D
- -4.51%
- 1M
- 7.09%
- YTD
- 14.77%
- 6M
- 6.74%
- 1Y
- -67.05%
- 3Y*
- -53.11%
- 5Y*
- -49.73%
- 10Y*
- -57.71%
SLV
- 1D
- 0.00%
- 1M
- -16.46%
- YTD
- 5.77%
- 6M
- 58.80%
- 1Y
- 122.46%
- 3Y*
- 45.50%
- 5Y*
- 24.10%
- 10Y*
- 16.87%
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TECS vs. SLV - Expense Ratio Comparison
TECS has a 1.08% expense ratio, which is higher than SLV's 0.50% expense ratio.
Return for Risk
TECS vs. SLV — Risk / Return Rank
TECS
SLV
TECS vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bear 3X Shares (TECS) and iShares Silver Trust (SLV). 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 | SLV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.84 | 2.16 | -3.00 |
Sortino ratioReturn per unit of downside risk | -1.27 | 2.23 | -3.49 |
Omega ratioGain probability vs. loss probability | 0.83 | 1.40 | -0.57 |
Calmar ratioReturn relative to maximum drawdown | -0.82 | 2.82 | -3.64 |
Martin ratioReturn relative to average drawdown | -0.93 | 8.70 | -9.64 |
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
| TECS | SLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.84 | 2.16 | -3.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.68 | 0.69 | -1.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.81 | 0.54 | -1.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.85 | 0.25 | -1.10 |
Correlation
The correlation between TECS and SLV is -0.18. 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. SLV - Dividend Comparison
TECS's dividend yield for the trailing twelve months is around 3.39%, while SLV has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | 3.39% | 5.83% | 5.24% | 7.52% | 0.00% | 0.00% | 1.50% | 2.40% | 0.72% |
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TECS vs. SLV - Drawdown Comparison
The maximum TECS drawdown since its inception was -100.00%, which is greater than SLV's maximum drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for TECS and SLV.
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Drawdown Indicators
| TECS | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -76.28% | -23.72% |
Max Drawdown (1Y)Largest decline over 1 year | -83.03% | -42.45% | -40.58% |
Max Drawdown (5Y)Largest decline over 5 years | -97.73% | -42.45% | -55.28% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | -42.81% | -57.18% |
Current DrawdownCurrent decline from peak | -100.00% | -35.47% | -64.53% |
Average DrawdownAverage peak-to-trough decline | -96.73% | -44.76% | -51.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 72.71% | 13.77% | +58.94% |
Volatility
TECS vs. SLV - Volatility Comparison
Direxion Daily Technology Bear 3X Shares (TECS) has a higher volatility of 24.63% compared to iShares Silver Trust (SLV) at 16.96%. This indicates that TECS's price experiences larger fluctuations and is considered to be riskier than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TECS | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.63% | 16.96% | +7.67% |
Volatility (6M)Calculated over the trailing 6-month period | 49.05% | 57.27% | -8.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.20% | 57.07% | +23.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.71% | 35.27% | +38.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.67% | 31.35% | +40.32% |