TECS vs. VGT
TECS (Direxion Daily Technology Bear 3X Shares) and VGT (Vanguard Information Technology ETF) are both exchange-traded funds - TECS is a Inverse 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 -60.95%/yr vs 24.06%/yr for VGT. Their -0.99 correlation means they have often moved in opposite directions in the past. TECS charges 1.01%/yr vs 0.09%/yr for VGT.
Performance
TECS vs. VGT - Performance Comparison
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Returns By Period
In the year-to-date period, TECS achieves a -55.78% return, which is significantly lower than VGT's 20.36% return. Over the past 10 years, TECS has underperformed VGT with an annualized return of -60.95%, while VGT has yielded a comparatively higher 24.06% annualized return.
TECS
- 1D
- 0.41%
- 1M
- 4.74%
- 6M
- -55.63%
- YTD
- -55.78%
- 1Y
- -69.62%
- 3Y*
- -59.51%
- 5Y*
- -54.69%
- 10Y*
- -60.95%
- ALL TIME*
- -57.85%
VGT
- 1D
- -0.38%
- 1M
- -1.30%
- 6M
- 21.30%
- YTD
- 20.36%
- 1Y
- 34.81%
- 3Y*
- 26.48%
- 5Y*
- 17.81%
- 10Y*
- 24.06%
- ALL TIME*
- 14.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $26.82M | $44.05M | $62.80M | |
| $440.89M | $515.41M | $573.34M |
TECS vs. VGT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | -55.78% | -62.44% | -49.76% | -74.45% | 45.05% | -67.92% | -87.79% | -73.77% | -19.14% | -60.81% |
VGT Vanguard Information Technology ETF | 20.36% | 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 have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.99 |
Correlation (3Y) Balances recent behavior with more history. | -0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.99 |
Correlation (10Y) Provides a long-term view across more market conditions. | -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.
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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 | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -3.35 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.23 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 1.94 | -2.83 |
| Martin ratioReturn relative to average drawdown | -1.58 | 5.23 | -6.81 |
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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.
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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 | -76.16% | -16.40% | -59.76% |
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 | -99.99% | -35.07% | -64.92% |
Current DrawdownCurrent decline from peak | -100.00% | -9.93% | -90.07% |
Average DrawdownAverage peak-to-trough decline | -96.78% | -7.95% | -88.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.80% | 6.07% | +36.73% |
Volatility
TECS vs. VGT - Volatility Comparison
Direxion Daily Technology Bear 3X Shares (TECS) has a higher volatility of 29.88% compared to Vanguard Information Technology ETF (VGT) at 8.42%. 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.
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Volatility by Period
| TECS | VGT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.88% | 8.42% | +21.46% |
Volatility (6M)Calculated over the trailing 6-month period | 65.87% | 20.14% | +45.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.74% | 24.28% | +52.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.85% | 25.83% | +51.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.44% | 24.89% | +48.55% |
TECS vs. VGT - Expense Ratio Comparison
TECS has a 1.01% 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 7.33%, more than VGT's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | 7.33% | 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 | 0.38% | 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 (29.88%) compared to VGT (8.42%). In terms of maximum drawdown, TECS dropped -100.00% vs VGT's -54.63%.
On 10-year performance, VGT leads with 24.06% vs -60.95% for TECS. On fees, VGT is cheaper at 0.09% per year. On volatility, VGT has been the lower-risk option at 8.42%. 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 24.06% return vs -60.95%. 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 1.01% for TECS.
TECS has the higher dividend yield at 7.33%, compared with 0.38% for VGT.
TECS is categorized as Inverse 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: 1.01% for TECS and 0.09% for VGT.
VGT currently has the higher Sharpe Ratio (1.31 vs -0.88), 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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