TEKY vs. TECL

Last updated Jun 5, 2026

TEKY (Lazard Next Gen Technologies ETF) and TECL (Direxion Daily Technology Bull 3X Shares) are both exchange-traded funds - TEKY is a Technology Equities fund actively managed by Lazard, while TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%). TEKY is actively managed, while TECL is passively managed. Over the past year, TEKY returned 45.01% vs 249.35% for TECL. Their correlation of 0.91 suggests significant overlap in exposure. TEKY charges 0.50%/yr vs 0.91%/yr for TECL.

Performance

TEKY vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Next Gen Technologies ETF (TEKY) and Direxion Daily Technology Bull 3X Shares (TECL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEKY achieves a 25.44% return, which is significantly lower than TECL's 115.57% return.

TEKY

• 1D: -0.74%
• 1M: 11.04%
• YTD: 25.44%
• 6M: 23.14%
• 1Y: 45.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TECL

• 1D: -4.56%
• 1M: 55.10%
• YTD: 115.57%
• 6M: 106.65%
• 1Y: 249.35%
• 3Y*: 78.93%
• 5Y*: 42.11%
• 10Y*: 53.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TEKY vs. TECL - Yearly Performance Comparison

	2026 (YTD)	2025
TEKY Lazard Next Gen Technologies ETF	25.44%	50.31%
TECL Direxion Daily Technology Bull 3X Shares	115.57%	216.29%

Correlation

The correlation between TEKY and TECL is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (All Time) Calculated using the full available price history since Apr 8, 2025	0.91

The correlation between TEKY and TECL has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

Return for Risk

TEKY vs. TECL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TEKY

TEKY Risk / Return Rank: 50
TEKY Sharpe Ratio Rank: 59
TEKY Sortino Ratio Rank: 54
TEKY Omega Ratio Rank: 54
TEKY Calmar Ratio Rank: 44
TEKY Martin Ratio Rank: 39

TECL

TECL Risk / Return Rank: 84
TECL Sharpe Ratio Rank: 96
TECL Sortino Ratio Rank: 79
TECL Omega Ratio Rank: 78
TECL Calmar Ratio Rank: 89
TECL Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TEKY vs. TECL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Next Gen Technologies ETF (TEKY) and Direxion Daily Technology Bull 3X Shares (TECL). 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.

	TEKY	TECL	Difference
Sharpe ratio: Return per unit of total volatility	1.96	4.03	-2.07
Sortino ratio: Return per unit of downside risk	2.59	3.52	-0.93
Omega ratio: Gain probability vs. loss probability	1.33	1.46	-0.13
Calmar ratio: Return relative to maximum drawdown	2.11	5.39	-3.28
Martin ratio: Return relative to average drawdown	5.85	15.48	-9.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TEKY vs. TECL - Sharpe Ratio Comparison

The current TEKY Sharpe Ratio is 1.96, which is lower than the TECL Sharpe Ratio of 4.03. The chart below compares the historical Sharpe Ratios of TEKY and TECL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TEKY	TECL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	4.03	-2.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.74	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.89	0.76	+2.13

Drawdowns

TEKY vs. TECL - Drawdown Comparison

The maximum TEKY drawdown since its inception was -21.43%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for TEKY and TECL.

Drawdown Indicators

	TEKY	TECL	Difference
Max Drawdown Largest peak-to-trough decline	-21.43%	-77.96%	+56.53%
Max Drawdown (1Y) Largest decline over 1 year	-21.43%	-46.58%	+25.15%
Max Drawdown (3Y) Largest decline over 3 years	—	-66.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-77.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-77.96%	—
Current Drawdown Current decline from peak	-1.40%	-7.42%	+6.02%
Average Drawdown Average peak-to-trough decline	-4.80%	-18.38%	+13.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.72%	16.19%	-8.47%

Volatility

TEKY vs. TECL - Volatility Comparison

The current volatility for Lazard Next Gen Technologies ETF (TEKY) is 7.49%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 21.53%. This indicates that TEKY experiences smaller price fluctuations and is considered to be less risky than TECL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEKY	TECL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.49%	21.53%	-14.04%
Volatility (6M) Calculated over the trailing 6-month period	18.33%	50.05%	-31.72%
Volatility (1Y) Calculated over the trailing 1-year period	23.08%	62.27%	-39.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.38%	74.08%	-48.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.38%	72.35%	-46.97%

TEKY vs. TECL - Expense Ratio Comparison

TEKY has a 0.50% expense ratio, which is lower than TECL's 0.91% expense ratio.

Dividends

TEKY vs. TECL - Dividend Comparison

TEKY's dividend yield for the trailing twelve months is around 0.20%, less than TECL's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
TECL Direxion Daily Technology Bull 3X Shares	3.30%	7.19%	0.29%	0.28%	0.22%	0.32%	0.52%	0.25%	0.47%	0.10%
TEKY Lazard Next Gen Technologies ETF	0.20%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEKY and TECL in my portfolio?

TEKY and TECL have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEKY or TECL?

TECL has higher volatility (21.53%) compared to TEKY (7.49%). In terms of maximum drawdown, TEKY dropped -21.43% vs TECL's -77.96%.

Which ETF is better, TEKY or TECL?

On 1-year performance, TECL leads with 249.35% vs 45.01% for TEKY. On fees, TEKY is cheaper at 0.50% per year. On volatility, TEKY has been the lower-risk option at 7.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TEKY or TECL?

Over the 1-year period, TECL has performed better with a 249.35% return vs 45.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TEKY or TECL?

TEKY is cheaper with a 0.50% expense ratio, compared with 0.91% for TECL.

Which ETF pays a higher dividend yield, TEKY or TECL?

TECL has the higher dividend yield at 3.30%, compared with 0.20% for TEKY.

What is the main difference between TEKY and TECL?

TEKY is categorized as Technology Equities, while TECL is Leveraged Equities. They also come from different issuers: Lazard and Direxion. Their fees differ too: 0.50% for TEKY and 0.91% for TECL.

Which has better risk-adjusted returns?

TECL currently has the higher Sharpe Ratio (4.03 vs 1.96), 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.