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 -61.22%/yr vs 38.48%/yr for TSLA. At a correlation of -0.47, they often move in opposite directions.
Performance
TECS vs. TSLA - Performance Comparison
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Returns By Period
In the year-to-date period, TECS achieves a -56.17% return, which is significantly lower than TSLA's -13.04% return. Over the past 10 years, TECS has underperformed TSLA with an annualized return of -61.22%, while TSLA has yielded a comparatively higher 38.48% annualized return.
TECS
- 1D
- 6.95%
- 1M
- 11.35%
- 6M
- -54.81%
- YTD
- -56.17%
- 1Y
- -69.26%
- 3Y*
- -59.70%
- 5Y*
- -55.35%
- 10Y*
- -61.22%
TSLA
- 1D
- -0.86%
- 1M
- -3.36%
- 6M
- -10.83%
- YTD
- -13.04%
- 1Y
- 21.57%
- 3Y*
- 10.43%
- 5Y*
- 12.74%
- 10Y*
- 38.48%
TECS vs. TSLA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | -56.17% | -62.44% | -49.76% | -74.45% | 45.05% | -67.92% | -87.79% | -73.77% | -19.14% | -60.81% |
TSLA Tesla, Inc. | -13.04% | 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 -0.55, 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 | -0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.56 |
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 -0.56 to -0.47 - a consistent structural relationship.
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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 | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.11 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 0.72 | -1.64 |
| Martin ratioReturn relative to average drawdown | -1.72 | 1.57 | -3.29 |
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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.
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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 | -76.16% | -29.93% | -46.23% |
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 | -99.99% | -73.63% | -26.36% |
Current DrawdownCurrent decline from peak | -100.00% | -20.17% | -79.83% |
Average DrawdownAverage peak-to-trough decline | -96.77% | -22.69% | -74.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.31% | 13.77% | +26.54% |
Volatility
TECS vs. TSLA - Volatility Comparison
Direxion Daily Technology Bear 3X Shares (TECS) has a higher volatility of 29.37% compared to Tesla, Inc. (TSLA) at 16.68%. 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.
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Volatility by Period
| TECS | TSLA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.37% | 16.68% | +12.69% |
Volatility (6M)Calculated over the trailing 6-month period | 62.76% | 31.12% | +31.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.64% | 44.69% | +28.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.34% | 59.29% | +17.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.12% | 59.24% | +13.88% |
Dividends
TECS vs. TSLA - Dividend Comparison
TECS's dividend yield for the trailing twelve months is around 7.39%, 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 | 7.39% | 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 -0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECS has higher volatility (29.37%) compared to TSLA (16.68%). In terms of maximum drawdown, TECS dropped -100.00% vs TSLA's -73.63%.
TSLA currently has the higher Sharpe Ratio (0.49 vs -0.94), 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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