TECS vs. XDSQ
TECS (Direxion Daily Technology Bear 3X Shares) and XDSQ (Innovator US Equity Accelerated ETF) are both Leveraged Equities funds. TECS is passively managed, while XDSQ is actively managed. Over the past 5 years, TECS returned -59.06%/yr vs 9.80%/yr for XDSQ. At a correlation of -0.85, they often move in opposite directions. TECS charges 1.08%/yr vs 0.79%/yr for XDSQ.
Performance
TECS vs. XDSQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TECS achieves a -64.31% return, which is significantly lower than XDSQ's 2.80% return.
TECS
- 1D
- 2.85%
- 1M
- -45.32%
- YTD
- -64.31%
- 6M
- -63.84%
- 1Y
- -80.92%
- 3Y*
- -64.76%
- 5Y*
- -59.06%
- 10Y*
- -62.51%
XDSQ
- 1D
- 0.01%
- 1M
- 1.59%
- YTD
- 2.80%
- 6M
- 3.86%
- 1Y
- 15.98%
- 3Y*
- 15.02%
- 5Y*
- 9.80%
- 10Y*
- —
TECS vs. XDSQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | -64.31% | -62.44% | -49.76% | -74.45% | 45.05% | -59.99% |
XDSQ Innovator US Equity Accelerated ETF | 2.80% | 14.22% | 23.12% | 23.00% | -16.78% | 12.75% |
Correlation
The correlation between TECS and XDSQ is -0.73, 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 | -0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.85 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2021 | -0.85 |
The correlation between TECS and XDSQ shifts across timeframes, from -0.85 (all time) to -0.73 (1 year), reflecting how their relationship changes across market environments.
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. XDSQ — Risk / Return Rank
TECS
XDSQ
TECS vs. XDSQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bear 3X Shares (TECS) and Innovator US Equity Accelerated ETF (XDSQ). 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 | XDSQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.83 | ||
| Sortino ratioReturn per unit of downside risk | -5.18 | ||
| Omega ratioGain probability vs. loss probability | 0.68 | 1.32 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 1.67 | -2.67 |
| Martin ratioReturn relative to average drawdown | -1.81 | 7.97 | -9.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TECS | XDSQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.30 | 1.52 | -2.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.80 | 0.65 | -1.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.89 | 0.69 | -1.58 |
Drawdowns
TECS vs. XDSQ - Drawdown Comparison
The maximum TECS drawdown since its inception was -100.00%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for TECS and XDSQ.
Loading charts...
Drawdown Indicators
| TECS | XDSQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -26.06% | -73.94% |
Max Drawdown (1Y)Largest decline over 1 year | -81.50% | -9.60% | -71.90% |
Max Drawdown (3Y)Largest decline over 3 years | -96.22% | -19.15% | -77.07% |
Max Drawdown (5Y)Largest decline over 5 years | -98.88% | -26.06% | -72.82% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | 0.00% | -100.00% |
Average DrawdownAverage peak-to-trough decline | -96.76% | -4.96% | -91.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.66% | 2.01% | +42.65% |
Volatility
TECS vs. XDSQ - Volatility Comparison
Direxion Daily Technology Bear 3X Shares (TECS) has a higher volatility of 21.44% compared to Innovator US Equity Accelerated ETF (XDSQ) at 0.57%. This indicates that TECS's price experiences larger fluctuations and is considered to be riskier than XDSQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TECS | XDSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.44% | 0.57% | +20.87% |
Volatility (6M)Calculated over the trailing 6-month period | 50.52% | 8.40% | +42.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.27% | 10.56% | +51.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.25% | 15.27% | +58.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.17% | 15.10% | +57.07% |
TECS vs. XDSQ - Expense Ratio Comparison
TECS has a 1.08% expense ratio, which is higher than XDSQ's 0.79% expense ratio.
Dividends
TECS vs. XDSQ - Dividend Comparison
TECS's dividend yield for the trailing twelve months is around 10.91%, while XDSQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | 10.91% | 5.83% | 5.24% | 7.52% | 0.00% | 0.00% | 1.50% | 2.40% | 0.72% |
XDSQ Innovator US Equity Accelerated ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TECS and XDSQ have a correlation of -0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECS has higher volatility (21.44%) compared to XDSQ (0.57%). In terms of maximum drawdown, TECS dropped -100.00% vs XDSQ's -26.06%.
On 5-year performance, XDSQ leads with 9.80% vs -59.06% for TECS. On fees, XDSQ is cheaper at 0.79% per year. On volatility, XDSQ has been the lower-risk option at 0.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XDSQ has performed better with a 9.80% return vs -59.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XDSQ is cheaper with a 0.79% expense ratio, compared with 1.08% for TECS.
TECS has the higher dividend yield at 10.91%, compared with 0.00% for XDSQ.
They also come from different issuers: Direxion and Innovator. Their fees differ too: 1.08% for TECS and 0.79% for XDSQ.
XDSQ currently has the higher Sharpe Ratio (1.52 vs -1.30), 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 XDSQ
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