TEXU vs. TECL

Last updated Jun 30, 2026

TEXU (Direxion Daily Energy Top 5 Bull 2X ETF) and TECL (Direxion Daily Technology Bull 3X Shares) are both Leveraged Equities funds from Direxion. TEXU is actively managed, while TECL is passively managed. At a correlation of -0.15, they often move in opposite directions.

Performance

TEXU vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Energy Top 5 Bull 2X ETF (TEXU) 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, TEXU achieves a 36.10% return, which is significantly lower than TECL's 82.33% return.

TEXU

• 1D: -3.52%
• 1M: -13.41%
• YTD: 36.10%
• 6M: 37.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TECL

• 1D: 7.45%
• 1M: -12.79%
• YTD: 82.33%
• 6M: 75.04%
• 1Y: 150.29%
• 3Y*: 62.02%
• 5Y*: 33.03%
• 10Y*: 51.59%

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

TEXU vs. TECL - Yearly Performance Comparison

	2026 (YTD)	2025
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	36.10%	-1.42%
TECL Direxion Daily Technology Bull 3X Shares	82.33%	0.36%

Correlation

The correlation between TEXU and TECL is -0.15, 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 (All Time) Calculated using the full available price history since Oct 1, 2025	-0.15

Return for Risk

TEXU vs. TECL — Risk / Return Rank

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

TEXU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TECL

TECL Risk / Return Rank: 66
TECL Sharpe Ratio Rank: 79
TECL Sortino Ratio Rank: 59
TECL Omega Ratio Rank: 61
TECL Calmar Ratio Rank: 75
TECL Martin Ratio Rank: 58

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.

TEXU vs. TECL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Top 5 Bull 2X ETF (TEXU) 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.

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.

	TEXU	TECL	Difference
Sharpe ratio: Return per unit of total volatility	—	2.15	—
Sortino ratio: Return per unit of downside risk	—	2.39	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	3.25	—
Martin ratio: Return relative to average drawdown	—	8.81	—

Drawdowns

TEXU vs. TECL - Drawdown Comparison

The maximum TEXU drawdown since its inception was -29.19%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for TEXU and TECL.

Drawdown Indicators

	TEXU	TECL	Difference
Max Drawdown Largest peak-to-trough decline	-29.19%	-77.96%	+48.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-46.58%	—
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	-29.19%	-21.69%	-7.50%
Average Drawdown Average peak-to-trough decline	-6.96%	-18.38%	+11.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.13%	—

Volatility

Volatility by Period

	TEXU	TECL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	38.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	59.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	40.81%	70.56%	-29.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.81%	75.59%	-34.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.81%	73.01%	-32.20%

Dividends

TEXU vs. TECL - Dividend Comparison

TEXU's dividend yield for the trailing twelve months is around 1.62%, less than TECL's 3.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
TECL Direxion Daily Technology Bull 3X Shares	3.90%	7.19%	0.29%	0.28%	0.22%	0.32%	0.52%	0.25%	0.47%	0.10%
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	1.62%	0.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEXU and TECL in my portfolio?

TEXU and TECL have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

TECL has the higher dividend yield at 3.90%, compared with 1.62% for TEXU.