UGLD vs. TECL
UGLD (Direxion Daily Gold Bull 2X ETF) and TECL (Direxion Daily Technology Bull 3X Shares) are both exchange-traded funds - UGLD is a Leveraged Commodities fund actively managed by Direxion, while TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%). UGLD is actively managed, while TECL is passively managed. At a 0.38 correlation, their price movements are largely independent. UGLD charges 1.07%/yr vs 0.91%/yr for TECL.
Performance
UGLD vs. TECL - Performance Comparison
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Returns By Period
UGLD
- 1D
- -0.43%
- 1M
- -10.87%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TECL
- 1D
- 0.12%
- 1M
- -24.73%
- 6M
- 47.64%
- YTD
- 51.67%
- 1Y
- 86.67%
- 3Y*
- 50.97%
- 5Y*
- 26.20%
- 10Y*
- 46.56%
- ALL TIME*
- 46.94%
UGLD vs. TECL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
UGLD Direxion Daily Gold Bull 2X ETF | -20.46% |
TECL Direxion Daily Technology Bull 3X Shares | -19.48% |
Correlation
The correlation between UGLD and TECL is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 28, 2026 | 0.38 |
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Return for Risk
UGLD vs. TECL — Risk / Return Rank
UGLD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TECL
UGLD vs. TECL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Gold Bull 2X ETF (UGLD) 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.
| UGLD | TECL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.87 | — |
| Martin ratioReturn relative to average drawdown | — | 4.75 | — |
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Drawdowns
UGLD vs. TECL - Drawdown Comparison
The maximum UGLD drawdown since its inception was -24.99%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for UGLD and TECL.
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Drawdown Indicators
| UGLD | TECL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.99% | -77.96% | +52.97% |
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 DrawdownCurrent decline from peak | -24.23% | -34.86% | +10.63% |
Average DrawdownAverage peak-to-trough decline | -16.02% | -18.41% | +2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 18.31% | — |
Volatility
UGLD vs. TECL - Volatility Comparison
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Volatility by Period
| UGLD | TECL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 28.79% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 63.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 52.24% | 73.41% | -21.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.24% | 76.08% | -23.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.24% | 73.29% | -21.05% |
UGLD vs. TECL - Expense Ratio Comparison
UGLD has a 1.07% expense ratio, which is higher than TECL's 0.91% expense ratio.
Dividends
UGLD vs. TECL - Dividend Comparison
UGLD's dividend yield for the trailing twelve months is around 0.24%, less than TECL's 4.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
TECL Direxion Daily Technology Bull 3X Shares | 4.69% | 7.19% | 0.29% | 0.28% | 0.22% | 0.32% | 0.52% | 0.25% | 0.47% | 0.10% |
UGLD Direxion Daily Gold Bull 2X ETF | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UGLD and TECL have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TECL is cheaper at 0.91% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TECL is cheaper with a 0.91% expense ratio, compared with 1.07% for UGLD.
TECL has the higher dividend yield at 4.69%, compared with 0.24% for UGLD.
UGLD is categorized as Leveraged Commodities, while TECL is Leveraged Equities. Their fees differ too: 1.07% for UGLD and 0.91% for TECL.
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