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UMDD vs. TECL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UMDD vs. TECL

Last updated Jul 21, 2026
Documentation

UMDD (ProShares UltraPro MidCap400) and TECL (Direxion Daily Technology Bull 3X Shares) are both Leveraged Equities funds - UMDD tracks the S&P MidCap 400 Index (300%) while TECL tracks the Technology Select Sector Index (300%). Both are passively managed. Over the past 10 years, UMDD returned 10.70%/yr vs 46.56%/yr for TECL. A 0.71 correlation means they provide meaningful diversification when combined. UMDD charges 0.95%/yr vs 0.91%/yr for TECL.

Performance

UMDD vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro MidCap400 (UMDD) and Direxion Daily Technology Bull 3X Shares (TECL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, UMDD achieves a 34.48% return, which is significantly lower than TECL's 51.67% return. Over the past 10 years, UMDD has underperformed TECL with an annualized return of 10.70%, while TECL has yielded a comparatively higher 46.56% annualized return.

UMDD

1D
-2.43%
1M
-4.30%
6M
13.80%
YTD
34.48%
1Y
43.82%
3Y*
16.59%
5Y*
3.27%
10Y*
10.70%
ALL TIME*
19.19%

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

UMDD vs. TECL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UMDD
ProShares UltraPro MidCap400		34.48%-2.57%19.68%27.21%-49.60%72.27%-17.30%78.90%-40.29%49.17%
TECL
Direxion Daily Technology Bull 3X Shares		51.67%38.60%36.15%203.14%-74.32%112.80%69.46%185.58%-24.03%124.82%

Correlation

The correlation between UMDD and TECL is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.59

Correlation (3Y)
Calculated over the trailing 3-year period

0.61

Correlation (5Y)
Calculated over the trailing 5-year period

0.69

Correlation (10Y)
Calculated over the trailing 10-year period

0.66

Correlation (All Time)
Calculated using the full available price history since Feb 11, 2010

0.71

The correlation between UMDD and TECL shifts across timeframes, from 0.59 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

UMDD vs. TECL - Sectors Allocation Comparison

Sectors
UMDD
TECL

Industrials

25.3%
0.0%

Technology

17.2%
99.2%

Financial Services

13.9%

-

Consumer Cyclical

10.5%

-

Healthcare

9.0%

-

Real Estate

7.2%

-

Basic Materials

4.8%

-

Energy

4.6%
0.0%

Consumer Defensive

3.2%

-

Utilities

2.9%

-

Communication Services

1.5%
0.8%

Industrials

UMDD
25.3%
TECL
0.0%

Technology

UMDD
17.2%
TECL
99.2%

Financial Services

UMDD
13.9%
TECL

-

Consumer Cyclical

UMDD
10.5%
TECL

-

Healthcare

UMDD
9.0%
TECL

-

Real Estate

UMDD
7.2%
TECL

-

Basic Materials

UMDD
4.8%
TECL

-

Energy

UMDD
4.6%
TECL
0.0%

Consumer Defensive

UMDD
3.2%
TECL

-

Utilities

UMDD
2.9%
TECL

-

Communication Services

UMDD
1.5%
TECL
0.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares UltraPro MidCap400

Direxion Daily Technology Bull 3X Shares

Often compared with UMDD:
UMDD vs. MIDUUMDD vs. SMDDUMDD vs. MVVUMDD vs. SAAUMDD vs. MDYUMDD vs. TQQQUMDD vs. URTY
Often compared with TECL:
TECL vs. TQQQTECL vs. SOXLTECL vs. TECSTECL vs. QQQTECL vs. FNGUTECL vs. BULZTECL vs. VGT

Return for Risk

UMDD vs. TECL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UMDD
UMDD Risk / Return Rank: 3939
Overall Rank
UMDD Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
UMDD Sortino Ratio Rank: 3838
Sortino Ratio Rank
UMDD Omega Ratio Rank: 3535
Omega Ratio Rank
UMDD Calmar Ratio Rank: 4444
Calmar Ratio Rank
UMDD Martin Ratio Rank: 4646
Martin Ratio Rank
TECL
TECL Risk / Return Rank: 4444
Overall Rank
TECL Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
TECL Sortino Ratio Rank: 4444
Sortino Ratio Rank
TECL Omega Ratio Rank: 4444
Omega Ratio Rank
TECL Calmar Ratio Rank: 4949
Calmar Ratio Rank
TECL Martin Ratio Rank: 4040
Martin Ratio Rank
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.

UMDD vs. TECL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro MidCap400 (UMDD) 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.

UMDDTECLDifference
Sharpe ratioReturn per unit of total volatility
0.93
1.19

-0.26

Sortino ratioReturn per unit of downside risk
1.54
1.73

-0.19

Omega ratioGain probability vs. loss probability

1.18

1.22

-0.04

Calmar ratioReturn relative to maximum drawdown

1.69

1.87

-0.18

Martin ratioReturn relative to average drawdown

5.59

4.75

+0.84

UMDD vs. TECL - Sharpe Ratio Comparison

The current UMDD Sharpe Ratio is 0.93, which is comparable to the TECL Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of UMDD 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.

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Drawdowns

UMDD vs. TECL - Drawdown Comparison

The maximum UMDD drawdown since its inception was -86.24%, which is greater than TECL's maximum drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for UMDD and TECL.

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Drawdown Indicators

UMDDTECLDifference

Max Drawdown

Largest peak-to-trough decline

-86.24%

-77.96%

-8.28%

Max Drawdown (1Y)

Largest decline over 1 year

-26.04%

-46.58%

+20.54%

Max Drawdown (3Y)

Largest decline over 3 years

-60.33%

-66.58%

+6.25%

Max Drawdown (5Y)

Largest decline over 5 years

-64.61%

-77.96%

+13.35%

Max Drawdown (10Y)

Largest decline over 10 years

-86.24%

-77.96%

-8.28%

Current Drawdown

Current decline from peak

-8.63%

-34.86%

+26.23%

Average Drawdown

Average peak-to-trough decline

-23.47%

-18.41%

-5.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.86%

18.31%

-10.45%

Volatility

UMDD vs. TECL - Volatility Comparison

The current volatility for ProShares UltraPro MidCap400 (UMDD) is 10.26%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 28.79%. This indicates that UMDD 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.

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Volatility by Period

UMDDTECLDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.26%

28.79%

-18.53%

Volatility (6M)

Calculated over the trailing 6-month period

35.21%

63.05%

-27.84%

Volatility (1Y)

Calculated over the trailing 1-year period

47.26%

73.41%

-26.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

58.70%

76.08%

-17.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

62.09%

73.29%

-11.20%

UMDD vs. TECL - Expense Ratio Comparison

UMDD has a 0.95% expense ratio, which is higher than TECL's 0.91% expense ratio.

Dividends

UMDD vs. TECL - Dividend Comparison

UMDD's dividend yield for the trailing twelve months is around 0.69%, less than TECL's 4.69% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%
UMDD
ProShares UltraPro MidCap400		0.69%1.00%0.76%0.19%0.49%0.06%0.08%0.64%0.32%0.00%0.03%0.06%

Frequently Asked Questions

UMDD and TECL have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TECL has higher volatility (28.79%) compared to UMDD (10.26%). In terms of maximum drawdown, UMDD dropped -86.24% vs TECL's -77.96%.

On 10-year performance, TECL leads with 46.56% vs 10.70% for UMDD. On fees, TECL is cheaper at 0.91% per year. On volatility, UMDD has been the lower-risk option at 10.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, TECL has performed better with a 46.56% return vs 10.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

TECL is cheaper with a 0.91% expense ratio, compared with 0.95% for UMDD.

TECL has the higher dividend yield at 4.69%, compared with 0.69% for UMDD.

UMDD tracks S&P MidCap 400 Index (300%), while TECL tracks Technology Select Sector Index (300%). They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for UMDD and 0.91% for TECL.

TECL currently has the higher Sharpe Ratio (1.19 vs 0.93), 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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