TECS vs. TSLA
TECS (Direxion Daily Technology Bear 3X Shares) is Leveraged Equities fund tracking the Technology Select Sector Index (-300%), while TSLA (Tesla, Inc.) is a stock. Over the past 10 years, TECS returned -62.60%/yr vs 39.71%/yr for TSLA. At a correlation of -0.47, they often move in opposite directions.
Performance
TECS vs. TSLA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TECS achieves a -59.96% return, which is significantly lower than TSLA's -16.59% return. Over the past 10 years, TECS has underperformed TSLA with an annualized return of -62.60%, while TSLA has yielded a comparatively higher 39.71% annualized return.
TECS
- 1D
- -2.43%
- 1M
- -6.18%
- YTD
- -59.96%
- 6M
- -57.91%
- 1Y
- -74.73%
- 3Y*
- -63.23%
- 5Y*
- -57.08%
- 10Y*
- -62.60%
TSLA
- 1D
- -0.11%
- 1M
- -13.49%
- YTD
- -16.59%
- 6M
- -22.72%
- 1Y
- 14.52%
- 3Y*
- 15.88%
- 5Y*
- 10.87%
- 10Y*
- 39.71%
TECS vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | -59.96% | -62.44% | -49.76% | -74.45% | 45.05% | -67.92% | -87.79% | -73.77% | -19.14% | -60.81% |
TSLA Tesla, Inc. | -16.59% | 11.36% | 62.52% | 101.72% | -65.03% | 49.76% | 743.44% | 25.70% | 6.89% | 45.70% |
Correlation
The correlation between TECS and TSLA is -0.52, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2010 | -0.47 |
The correlation between TECS and TSLA has been stable across timeframes, ranging from -0.55 to -0.47 - 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. TSLA — Risk / Return Rank
TECS
TSLA
TECS vs. TSLA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bear 3X Shares (TECS) and Tesla, Inc. (TSLA). 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 | TSLA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.09 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 0.49 | -1.45 |
| Martin ratioReturn relative to average drawdown | -1.88 | 1.11 | -2.98 |
Loading charts...
Drawdowns
TECS vs. TSLA - Drawdown Comparison
The maximum TECS drawdown since its inception was -100.00%, which is greater than TSLA's maximum drawdown of -73.63%. Use the drawdown chart below to compare losses from any high point for TECS and TSLA.
Loading charts...
Drawdown Indicators
| TECS | TSLA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -73.63% | -26.37% |
Max Drawdown (1Y)Largest decline over 1 year | -77.76% | -29.93% | -47.83% |
Max Drawdown (3Y)Largest decline over 3 years | -96.22% | -53.77% | -42.45% |
Max Drawdown (5Y)Largest decline over 5 years | -98.82% | -73.63% | -25.19% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | -73.63% | -26.37% |
Current DrawdownCurrent decline from peak | -100.00% | -23.43% | -76.57% |
Average DrawdownAverage peak-to-trough decline | -96.76% | -22.71% | -74.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.58% | 13.18% | +27.40% |
Volatility
TECS vs. TSLA - Volatility Comparison
Direxion Daily Technology Bear 3X Shares (TECS) has a higher volatility of 35.84% compared to Tesla, Inc. (TSLA) at 13.91%. This indicates that TECS's price experiences larger fluctuations and is considered to be riskier than TSLA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TECS | TSLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 35.84% | 13.91% | +21.93% |
Volatility (6M)Calculated over the trailing 6-month period | 58.74% | 28.34% | +30.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.18% | 43.89% | +26.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.69% | 59.01% | +16.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.83% | 59.09% | +13.74% |
Dividends
TECS vs. TSLA - Dividend Comparison
TECS's dividend yield for the trailing twelve months is around 8.09%, while TSLA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | 8.09% | 5.83% | 5.24% | 7.52% | 0.00% | 0.00% | 1.50% | 2.40% | 0.72% |
TSLA Tesla, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TECS and TSLA have a correlation of -0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECS has higher volatility (35.84%) compared to TSLA (13.91%). In terms of maximum drawdown, TECS dropped -100.00% vs TSLA's -73.63%.
TSLA currently has the higher Sharpe Ratio (0.33 vs -1.07), 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 TSLA
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