TECS vs. XEQT.TO
Compare and contrast key facts about Direxion Daily Technology Bear 3X Shares (TECS) and iShares Core Equity ETF Portfolio (XEQT.TO).
TECS and XEQT.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TECS is a passively managed fund by Direxion that tracks the performance of the Technology Select Sector Index (-300%). It was launched on Dec 17, 2008. XEQT.TO is an actively managed fund by iShares. It was launched on Aug 7, 2019.
Performance
TECS vs. XEQT.TO - Performance Comparison
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TECS vs. XEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | 14.77% | -62.44% | -49.76% | -74.45% | 45.05% | -67.92% | -87.79% | -43.80% |
XEQT.TO iShares Core Equity ETF Portfolio | 0.33% | 25.19% | 14.53% | 19.92% | -16.96% | 19.82% | 14.06% | 12.64% |
Different Trading Currencies
TECS is traded in USD, while XEQT.TO is traded in CAD. To make them comparable, the XEQT.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TECS achieves a 14.77% return, which is significantly higher than XEQT.TO's -0.63% return.
TECS
- 1D
- -4.51%
- 1M
- 7.09%
- YTD
- 14.77%
- 6M
- 6.74%
- 1Y
- -67.05%
- 3Y*
- -53.11%
- 5Y*
- -49.73%
- 10Y*
- -57.71%
XEQT.TO
- 1D
- 0.00%
- 1M
- -5.85%
- YTD
- -0.63%
- 6M
- 2.27%
- 1Y
- 23.58%
- 3Y*
- 17.01%
- 5Y*
- 9.52%
- 10Y*
- —
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TECS vs. XEQT.TO - Expense Ratio Comparison
TECS has a 1.08% expense ratio, which is higher than XEQT.TO's 0.20% expense ratio.
Return for Risk
TECS vs. XEQT.TO — Risk / Return Rank
TECS
XEQT.TO
TECS vs. XEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bear 3X Shares (TECS) and iShares Core Equity ETF Portfolio (XEQT.TO). 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 | XEQT.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.84 | 1.40 | -2.24 |
Sortino ratioReturn per unit of downside risk | -1.27 | 2.01 | -3.28 |
Omega ratioGain probability vs. loss probability | 0.83 | 1.30 | -0.47 |
Calmar ratioReturn relative to maximum drawdown | -0.82 | 2.06 | -2.88 |
Martin ratioReturn relative to average drawdown | -0.93 | 9.74 | -10.67 |
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 | XEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.84 | 1.40 | -2.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.68 | 0.60 | -1.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.85 | 0.67 | -1.52 |
Correlation
The correlation between TECS and XEQT.TO is -0.75. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
TECS vs. XEQT.TO - Dividend Comparison
TECS's dividend yield for the trailing twelve months is around 3.39%, more than XEQT.TO's 1.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | 3.39% | 5.83% | 5.24% | 7.52% | 0.00% | 0.00% | 1.50% | 2.40% | 0.72% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.64% | 1.66% | 2.01% | 2.07% | 2.12% | 1.64% | 1.66% | 1.19% | 0.00% |
Drawdowns
TECS vs. XEQT.TO - Drawdown Comparison
The maximum TECS drawdown since its inception was -100.00%, which is greater than XEQT.TO's maximum drawdown of -36.14%. Use the drawdown chart below to compare losses from any high point for TECS and XEQT.TO.
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Drawdown Indicators
| TECS | XEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -29.74% | -70.26% |
Max Drawdown (1Y)Largest decline over 1 year | -83.03% | -11.78% | -71.25% |
Max Drawdown (5Y)Largest decline over 5 years | -97.73% | -19.56% | -78.17% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -4.27% | -95.73% |
Average DrawdownAverage peak-to-trough decline | -96.73% | -4.20% | -92.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 72.71% | 2.64% | +70.07% |
Volatility
TECS vs. XEQT.TO - Volatility Comparison
Direxion Daily Technology Bear 3X Shares (TECS) has a higher volatility of 24.63% compared to iShares Core Equity ETF Portfolio (XEQT.TO) at 5.94%. This indicates that TECS's price experiences larger fluctuations and is considered to be riskier than XEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TECS | XEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.63% | 5.94% | +18.69% |
Volatility (6M)Calculated over the trailing 6-month period | 49.05% | 10.05% | +39.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 80.20% | 16.91% | +63.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.71% | 16.05% | +57.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.67% | 18.75% | +52.92% |