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TQQQ vs. TECL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TQQQ and TECL is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.0
Correlation: 0.9

Performance

TQQQ vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro QQQ (TQQQ) and Direxion Daily Technology Bull 3X Shares (TECL). The values are adjusted to include any dividend payments, if applicable.

5,000.00%10,000.00%15,000.00%20,000.00%NovemberDecember2025FebruaryMarchApril
12,878.31%
7,377.13%
TQQQ
TECL

Key characteristics

Sharpe Ratio

TQQQ:

0.04

TECL:

-0.21

Sortino Ratio

TQQQ:

0.58

TECL:

0.29

Omega Ratio

TQQQ:

1.08

TECL:

1.04

Calmar Ratio

TQQQ:

0.05

TECL:

-0.28

Martin Ratio

TQQQ:

0.13

TECL:

-0.70

Ulcer Index

TQQQ:

20.43%

TECL:

26.65%

Daily Std Dev

TQQQ:

74.97%

TECL:

89.05%

Max Drawdown

TQQQ:

-81.66%

TECL:

-77.96%

Current Drawdown

TQQQ:

-41.90%

TECL:

-51.72%

Returns By Period

In the year-to-date period, TQQQ achieves a -31.73% return, which is significantly higher than TECL's -40.25% return. Over the past 10 years, TQQQ has underperformed TECL with an annualized return of 27.88%, while TECL has yielded a comparatively higher 30.34% annualized return.


TQQQ

YTD

-31.73%

1M

-15.02%

6M

-27.48%

1Y

3.28%

5Y*

28.11%

10Y*

27.88%

TECL

YTD

-40.25%

1M

-16.90%

6M

-40.87%

1Y

-19.35%

5Y*

30.29%

10Y*

30.34%

*Annualized

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TQQQ vs. TECL - Expense Ratio Comparison

TQQQ has a 0.95% expense ratio, which is lower than TECL's 1.08% expense ratio.


Expense ratio chart for TECL: current value is 1.08%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TECL: 1.08%
Expense ratio chart for TQQQ: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TQQQ: 0.95%

Risk-Adjusted Performance

TQQQ vs. TECL — Risk-Adjusted Performance Rank

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

TQQQ
The Risk-Adjusted Performance Rank of TQQQ is 3030
Overall Rank
The Sharpe Ratio Rank of TQQQ is 2121
Sharpe Ratio Rank
The Sortino Ratio Rank of TQQQ is 4343
Sortino Ratio Rank
The Omega Ratio Rank of TQQQ is 4343
Omega Ratio Rank
The Calmar Ratio Rank of TQQQ is 2222
Calmar Ratio Rank
The Martin Ratio Rank of TQQQ is 2121
Martin Ratio Rank

TECL
The Risk-Adjusted Performance Rank of TECL is 1515
Overall Rank
The Sharpe Ratio Rank of TECL is 1111
Sharpe Ratio Rank
The Sortino Ratio Rank of TECL is 2626
Sortino Ratio Rank
The Omega Ratio Rank of TECL is 2626
Omega Ratio Rank
The Calmar Ratio Rank of TECL is 66
Calmar Ratio Rank
The Martin Ratio Rank of TECL is 88
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

TQQQ vs. TECL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) 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.


The chart of Sharpe ratio for TQQQ, currently valued at 0.04, compared to the broader market-1.000.001.002.003.004.00
TQQQ: 0.04
TECL: -0.21
The chart of Sortino ratio for TQQQ, currently valued at 0.58, compared to the broader market-2.000.002.004.006.008.00
TQQQ: 0.58
TECL: 0.29
The chart of Omega ratio for TQQQ, currently valued at 1.08, compared to the broader market0.501.001.502.002.50
TQQQ: 1.08
TECL: 1.04
The chart of Calmar ratio for TQQQ, currently valued at 0.05, compared to the broader market0.002.004.006.008.0010.0012.00
TQQQ: 0.05
TECL: -0.28
The chart of Martin ratio for TQQQ, currently valued at 0.13, compared to the broader market0.0020.0040.0060.00
TQQQ: 0.13
TECL: -0.70

The current TQQQ Sharpe Ratio is 0.04, which is higher than the TECL Sharpe Ratio of -0.21. The chart below compares the historical Sharpe Ratios of TQQQ and TECL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.04
-0.21
TQQQ
TECL

Dividends

TQQQ vs. TECL - Dividend Comparison

TQQQ's dividend yield for the trailing twelve months is around 1.83%, more than TECL's 0.66% yield.


TTM20242023202220212020201920182017201620152014
TQQQ
ProShares UltraPro QQQ
1.83%1.27%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%
TECL
Direxion Daily Technology Bull 3X Shares
0.66%0.29%0.28%0.22%0.32%0.52%0.25%0.47%0.10%0.00%0.00%0.00%

Drawdowns

TQQQ vs. TECL - Drawdown Comparison

The maximum TQQQ drawdown since its inception was -81.66%, roughly equal to the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for TQQQ and TECL. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-41.90%
-51.72%
TQQQ
TECL

Volatility

TQQQ vs. TECL - Volatility Comparison

The current volatility for ProShares UltraPro QQQ (TQQQ) is 48.66%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 54.73%. This indicates that TQQQ 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.


10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
48.66%
54.73%
TQQQ
TECL