TECS vs. WTIU
TECS (Direxion Daily Technology Bear 3X Shares) and WTIU (MicroSectors Energy 3X Leveraged ETN) are both Leveraged Equities funds - TECS tracks the Technology Select Sector Index (-300%) while WTIU tracks the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). Both are passively managed. Over the past 3 years, TECS returned -64.46%/yr vs 5.95%/yr for WTIU. At a correlation of -0.07, they often move in opposite directions. TECS charges 1.08%/yr vs 0.95%/yr for WTIU.
Performance
TECS vs. WTIU - Performance Comparison
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Returns By Period
In the year-to-date period, TECS achieves a -62.68% return, which is significantly lower than WTIU's 87.83% return.
TECS
- 1D
- 4.57%
- 1M
- -38.78%
- YTD
- -62.68%
- 6M
- -61.81%
- 1Y
- -79.89%
- 3Y*
- -64.46%
- 5Y*
- -58.69%
- 10Y*
- -62.30%
WTIU
- 1D
- -1.95%
- 1M
- -8.81%
- YTD
- 87.83%
- 6M
- 63.25%
- 1Y
- 112.38%
- 3Y*
- 5.95%
- 5Y*
- —
- 10Y*
- —
TECS vs. WTIU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | -62.68% | -62.44% | -49.76% | -59.44% |
WTIU MicroSectors Energy 3X Leveraged ETN | 87.83% | -17.13% | -29.63% | -28.42% |
Correlation
The correlation between TECS and WTIU is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2023 | -0.07 |
The correlation between TECS and WTIU shifts across timeframes, from -0.07 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TECS vs. WTIU — Risk / Return Rank
TECS
WTIU
TECS vs. WTIU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bear 3X Shares (TECS) and MicroSectors Energy 3X Leveraged ETN (WTIU). 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.
| TECS | WTIU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.97 | ||
| Sortino ratioReturn per unit of downside risk | -5.08 | ||
| Omega ratioGain probability vs. loss probability | 0.69 | 1.26 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 2.89 | -3.87 |
| Martin ratioReturn relative to average drawdown | -1.78 | 7.08 | -8.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TECS | WTIU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.28 | 1.68 | -2.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.79 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.89 | -0.10 | -0.78 |
Drawdowns
TECS vs. WTIU - Drawdown Comparison
The maximum TECS drawdown since its inception was -100.00%, which is greater than WTIU's maximum drawdown of -75.73%. Use the drawdown chart below to compare losses from any high point for TECS and WTIU.
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Drawdown Indicators
| TECS | WTIU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -75.73% | -24.27% |
Max Drawdown (1Y)Largest decline over 1 year | -81.50% | -39.11% | -42.39% |
Max Drawdown (3Y)Largest decline over 3 years | -96.22% | -75.73% | -20.49% |
Max Drawdown (5Y)Largest decline over 5 years | -98.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -33.42% | -66.58% |
Average DrawdownAverage peak-to-trough decline | -96.76% | -39.18% | -57.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.95% | 15.92% | +29.03% |
Volatility
TECS vs. WTIU - Volatility Comparison
The current volatility for Direxion Daily Technology Bear 3X Shares (TECS) is 22.21%, while MicroSectors Energy 3X Leveraged ETN (WTIU) has a volatility of 27.11%. This indicates that TECS experiences smaller price fluctuations and is considered to be less risky than WTIU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TECS | WTIU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.21% | 27.11% | -4.90% |
Volatility (6M)Calculated over the trailing 6-month period | 50.75% | 54.96% | -4.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.38% | 67.43% | -5.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.24% | 70.58% | +3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.17% | 70.58% | +1.59% |
TECS vs. WTIU - Expense Ratio Comparison
TECS has a 1.08% expense ratio, which is higher than WTIU's 0.95% expense ratio.
Dividends
TECS vs. WTIU - Dividend Comparison
TECS's dividend yield for the trailing twelve months is around 10.43%, while WTIU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | 10.43% | 5.83% | 5.24% | 7.52% | 0.00% | 0.00% | 1.50% | 2.40% | 0.72% |
WTIU MicroSectors Energy 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TECS and WTIU have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTIU has higher volatility (27.11%) compared to TECS (22.21%). In terms of maximum drawdown, TECS dropped -100.00% vs WTIU's -75.73%.
On 3-year performance, WTIU leads with 5.95% vs -64.46% for TECS. On fees, WTIU is cheaper at 0.95% per year. On volatility, TECS has been the lower-risk option at 22.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, WTIU has performed better with a 5.95% return vs -64.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
WTIU is cheaper with a 0.95% expense ratio, compared with 1.08% for TECS.
TECS has the higher dividend yield at 10.43%, compared with 0.00% for WTIU.
TECS tracks Technology Select Sector Index (-300%), while WTIU tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). They also come from different issuers: Direxion and REX. Their fees differ too: 1.08% for TECS and 0.95% for WTIU.
WTIU currently has the higher Sharpe Ratio (1.68 vs -1.28), 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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