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TECS vs. TQQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TECS and TQQQ is -0.87. 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.


-0.50.00.51.0-0.9

Performance

TECS vs. TQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Technology Bear 3X Shares (TECS) and ProShares UltraPro QQQ (TQQQ). The values are adjusted to include any dividend payments, if applicable.

0.00%5,000.00%10,000.00%15,000.00%20,000.00%JulyAugustSeptemberOctoberNovemberDecember
-100.00%
19,660.54%
TECS
TQQQ

Key characteristics

Sharpe Ratio

TECS:

-0.82

TQQQ:

1.35

Sortino Ratio

TECS:

-1.21

TQQQ:

1.82

Omega Ratio

TECS:

0.87

TQQQ:

1.25

Calmar Ratio

TECS:

-0.54

TQQQ:

1.52

Martin Ratio

TECS:

-1.30

TQQQ:

5.71

Ulcer Index

TECS:

41.12%

TQQQ:

12.58%

Daily Std Dev

TECS:

65.70%

TQQQ:

53.22%

Max Drawdown

TECS:

-100.00%

TQQQ:

-81.66%

Current Drawdown

TECS:

-100.00%

TQQQ:

-11.54%

Returns By Period

In the year-to-date period, TECS achieves a -51.24% return, which is significantly lower than TQQQ's 64.50% return. Over the past 10 years, TECS has underperformed TQQQ with an annualized return of -56.80%, while TQQQ has yielded a comparatively higher 35.14% annualized return.


TECS

YTD

-51.24%

1M

-3.76%

6M

-17.21%

1Y

-53.62%

5Y*

-63.35%

10Y*

-56.80%

TQQQ

YTD

64.50%

1M

6.77%

6M

10.67%

1Y

71.82%

5Y*

32.06%

10Y*

35.14%

Compare stocks, funds, or ETFs

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


TECS vs. TQQQ - Expense Ratio Comparison

TECS has a 1.08% expense ratio, which is higher than TQQQ's 0.95% expense ratio.


TECS
Direxion Daily Technology Bear 3X Shares
Expense ratio chart for TECS: current value at 1.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.08%
Expense ratio chart for TQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

TECS vs. TQQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bear 3X Shares (TECS) and ProShares UltraPro QQQ (TQQQ). 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.


Sharpe ratio
The chart of Sharpe ratio for TECS, currently valued at -0.82, compared to the broader market0.002.004.00-0.821.35
The chart of Sortino ratio for TECS, currently valued at -1.21, compared to the broader market-2.000.002.004.006.008.0010.00-1.211.82
The chart of Omega ratio for TECS, currently valued at 0.87, compared to the broader market0.501.001.502.002.503.000.871.25
The chart of Calmar ratio for TECS, currently valued at -0.54, compared to the broader market0.005.0010.0015.00-0.541.52
The chart of Martin ratio for TECS, currently valued at -1.30, compared to the broader market0.0020.0040.0060.0080.00100.00-1.305.71
TECS
TQQQ

The current TECS Sharpe Ratio is -0.82, which is lower than the TQQQ Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of TECS and TQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
-0.82
1.35
TECS
TQQQ

Dividends

TECS vs. TQQQ - Dividend Comparison

TECS's dividend yield for the trailing twelve months is around 6.89%, more than TQQQ's 0.88% yield.


TTM2023202220212020201920182017201620152014
TECS
Direxion Daily Technology Bear 3X Shares
4.29%5.73%0.00%0.00%1.49%1.00%0.37%0.00%0.00%0.00%0.00%
TQQQ
ProShares UltraPro QQQ
0.88%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%

Drawdowns

TECS vs. TQQQ - Drawdown Comparison

The maximum TECS drawdown since its inception was -100.00%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for TECS and TQQQ. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-100.00%
-11.54%
TECS
TQQQ

Volatility

TECS vs. TQQQ - Volatility Comparison

Direxion Daily Technology Bear 3X Shares (TECS) and ProShares UltraPro QQQ (TQQQ) have volatilities of 15.29% and 16.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%30.00%35.00%JulyAugustSeptemberOctoberNovemberDecember
15.29%
16.00%
TECS
TQQQ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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