TEK vs. AIBD
TEK (iShares Technology Opportunities Active ETF) and AIBD (Direxion Daily AI and Big Data Bear 2X Shares) are both exchange-traded funds - TEK is a Technology Equities fund actively managed by iShares, while AIBD is a Inverse Equities fund tracking the Solactive US AI & Big Data Index. TEK is actively managed, while AIBD is passively managed. Over the past year, TEK returned 66.47% vs -53.70% for AIBD. At a correlation of -0.85, they often move in opposite directions. TEK charges 0.75%/yr vs 1.05%/yr for AIBD.
Performance
TEK vs. AIBD - Performance Comparison
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Returns By Period
In the year-to-date period, TEK achieves a 44.09% return, which is significantly higher than AIBD's -32.44% return.
TEK
- 1D
- 0.05%
- 1M
- 9.52%
- YTD
- 44.09%
- 6M
- 43.89%
- 1Y
- 66.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AIBD
- 1D
- 2.94%
- 1M
- -4.94%
- YTD
- -32.44%
- 6M
- -30.57%
- 1Y
- -53.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TEK vs. AIBD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TEK iShares Technology Opportunities Active ETF | 44.09% | 18.63% | 2.63% |
AIBD Direxion Daily AI and Big Data Bear 2X Shares | -32.44% | -49.15% | -12.74% |
Correlation
The correlation between TEK and AIBD is -0.79, 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 | -0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024 | -0.85 |
The correlation between TEK and AIBD has been stable across timeframes, ranging from -0.85 to -0.79 - a consistent structural relationship.
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Return for Risk
TEK vs. AIBD — Risk / Return Rank
TEK
AIBD
TEK vs. AIBD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Technology Opportunities Active ETF (TEK) and Direxion Daily AI and Big Data Bear 2X Shares (AIBD). 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.
| TEK | AIBD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.33 | ||
| Sortino ratioReturn per unit of downside risk | +4.51 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.83 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | -0.91 | +4.37 |
| Martin ratioReturn relative to average drawdown | 9.84 | -1.68 | +11.52 |
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Drawdowns
TEK vs. AIBD - Drawdown Comparison
The maximum TEK drawdown since its inception was -28.24%, smaller than the maximum AIBD drawdown of -82.11%. Use the drawdown chart below to compare losses from any high point for TEK and AIBD.
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Drawdown Indicators
| TEK | AIBD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -82.11% | +53.87% |
Max Drawdown (1Y)Largest decline over 1 year | -19.29% | -59.09% | +39.80% |
Current DrawdownCurrent decline from peak | 0.00% | -79.44% | +79.44% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -48.81% | +42.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.78% | 32.83% | -26.05% |
Volatility
TEK vs. AIBD - Volatility Comparison
The current volatility for iShares Technology Opportunities Active ETF (TEK) is 14.38%, while Direxion Daily AI and Big Data Bear 2X Shares (AIBD) has a volatility of 21.33%. This indicates that TEK experiences smaller price fluctuations and is considered to be less risky than AIBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEK | AIBD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.38% | 21.33% | -6.95% |
Volatility (6M)Calculated over the trailing 6-month period | 24.31% | 40.34% | -16.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.69% | 54.02% | -25.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.47% | 57.26% | -26.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.47% | 57.26% | -26.79% |
TEK vs. AIBD - Expense Ratio Comparison
TEK has a 0.75% expense ratio, which is lower than AIBD's 1.05% expense ratio.
Dividends
TEK vs. AIBD - Dividend Comparison
TEK's dividend yield for the trailing twelve months is around 1.10%, less than AIBD's 5.16% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | 5.16% | 4.37% | 3.58% |
TEK iShares Technology Opportunities Active ETF | 1.10% | 1.62% | 0.00% |
Frequently Asked Questions
TEK and AIBD have a correlation of -0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIBD has higher volatility (21.33%) compared to TEK (14.38%). In terms of maximum drawdown, TEK dropped -28.24% vs AIBD's -82.11%.
On 1-year performance, TEK leads with 66.47% vs -53.70% for AIBD. On fees, TEK is cheaper at 0.75% per year. On volatility, TEK has been the lower-risk option at 14.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TEK has performed better with a 66.47% return vs -53.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TEK is cheaper with a 0.75% expense ratio, compared with 1.05% for AIBD.
AIBD has the higher dividend yield at 5.16%, compared with 1.10% for TEK.
TEK is categorized as Technology Equities, while AIBD is Inverse Equities. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.75% for TEK and 1.05% for AIBD.
TEK currently has the higher Sharpe Ratio (2.33 vs -1.00), 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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