TECS vs. VGT
TECS (Direxion Daily Technology Bear 3X Shares) and VGT (Vanguard Information Technology ETF) are both exchange-traded funds - TECS is a Leveraged Equities fund tracking the Technology Select Sector Index (-300%), while VGT is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past 10 years, TECS returned -62.40%/yr vs 25.49%/yr for VGT. At a correlation of -0.99, they often move in opposite directions. TECS charges 1.08%/yr vs 0.09%/yr for VGT.
Performance
TECS vs. VGT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TECS achieves a -60.06% return, which is significantly lower than VGT's 23.32% return. Over the past 10 years, TECS has underperformed VGT with an annualized return of -62.40%, while VGT has yielded a comparatively higher 25.49% annualized return.
TECS
- 1D
- 11.54%
- 1M
- -13.82%
- YTD
- -60.06%
- 6M
- -58.34%
- 1Y
- -76.73%
- 3Y*
- -62.98%
- 5Y*
- -57.09%
- 10Y*
- -62.40%
VGT
- 1D
- -3.68%
- 1M
- 0.28%
- YTD
- 23.32%
- 6M
- 21.50%
- 1Y
- 46.82%
- 3Y*
- 30.13%
- 5Y*
- 19.51%
- 10Y*
- 25.49%
TECS vs. VGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | -60.06% | -62.44% | -49.76% | -74.45% | 45.05% | -67.92% | -87.79% | -73.77% | -19.14% | -60.81% |
VGT Vanguard Information Technology ETF | 23.32% | 21.77% | 29.30% | 52.66% | -29.70% | 30.45% | 46.04% | 48.62% | 2.46% | 37.08% |
Correlation
The correlation between TECS and VGT is -0.99, 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 | -0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.99 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2008 | -0.99 |
The correlation between TECS and VGT has been stable across timeframes, ranging from -0.99 to -0.99 - 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. VGT — Risk / Return Rank
TECS
VGT
TECS vs. VGT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bear 3X Shares (TECS) and Vanguard Information Technology ETF (VGT). 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 | VGT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.17 | ||
| Sortino ratioReturn per unit of downside risk | -5.00 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.35 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 2.87 | -3.85 |
| Martin ratioReturn relative to average drawdown | -1.86 | 8.76 | -10.62 |
Loading charts...
Drawdowns
TECS vs. VGT - Drawdown Comparison
The maximum TECS drawdown since its inception was -100.00%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for TECS and VGT.
Loading charts...
Drawdown Indicators
| TECS | VGT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -54.63% | -45.37% |
Max Drawdown (1Y)Largest decline over 1 year | -78.66% | -16.40% | -62.26% |
Max Drawdown (3Y)Largest decline over 3 years | -96.22% | -27.23% | -68.99% |
Max Drawdown (5Y)Largest decline over 5 years | -98.82% | -35.07% | -63.75% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | -35.07% | -64.93% |
Current DrawdownCurrent decline from peak | -100.00% | -7.71% | -92.29% |
Average DrawdownAverage peak-to-trough decline | -96.76% | -7.95% | -88.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.87% | 5.36% | +38.51% |
Volatility
TECS vs. VGT - Volatility Comparison
Direxion Daily Technology Bear 3X Shares (TECS) has a higher volatility of 36.37% compared to Vanguard Information Technology ETF (VGT) at 11.39%. This indicates that TECS's price experiences larger fluctuations and is considered to be riskier than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TECS | VGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.37% | 11.39% | +24.98% |
Volatility (6M)Calculated over the trailing 6-month period | 58.81% | 18.58% | +40.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.17% | 22.72% | +47.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.65% | 25.55% | +50.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.84% | 24.77% | +48.07% |
TECS vs. VGT - Expense Ratio Comparison
TECS has a 1.08% expense ratio, which is higher than VGT's 0.09% expense ratio.
Dividends
TECS vs. VGT - Dividend Comparison
TECS's dividend yield for the trailing twelve months is around 9.75%, more than VGT's 0.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | 9.75% | 5.83% | 5.24% | 7.52% | 0.00% | 0.00% | 1.50% | 2.40% | 0.72% | 0.00% | 0.00% | 0.00% |
VGT Vanguard Information Technology ETF | 0.33% | 0.40% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
Frequently Asked Questions
TECS and VGT have a correlation of -0.99, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECS has higher volatility (36.37%) compared to VGT (11.39%). In terms of maximum drawdown, TECS dropped -100.00% vs VGT's -54.63%.
On 10-year performance, VGT leads with 25.49% vs -62.40% for TECS. On fees, VGT is cheaper at 0.09% per year. On volatility, VGT has been the lower-risk option at 11.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VGT has performed better with a 25.49% return vs -62.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGT is cheaper with a 0.09% expense ratio, compared with 1.08% for TECS.
TECS has the higher dividend yield at 9.75%, compared with 0.33% for VGT.
TECS is categorized as Leveraged Equities, while VGT is Technology Equities. TECS tracks Technology Select Sector Index (-300%), while VGT tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: Direxion and Vanguard. Their fees differ too: 1.08% for TECS and 0.09% for VGT.
VGT currently has the higher Sharpe Ratio (2.07 vs -1.10), 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 VGT
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