WCBR vs. TECL

Last updated Jun 4, 2026

WCBR (WisdomTree Cybersecurity Fund) and TECL (Direxion Daily Technology Bull 3X Shares) are both exchange-traded funds - WCBR is a Technology Equities fund tracking the WisdomTree Team8 Cybersecurity Index, while TECL is a Leveraged Equities fund tracking the Technology Select Sector Index (300%). Both are passively managed. Over the past 5 years, WCBR returned 9.81%/yr vs 43.44%/yr for TECL. A 0.66 correlation means they provide meaningful diversification when combined. WCBR charges 0.45%/yr vs 0.91%/yr for TECL.

Performance

WCBR vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Cybersecurity Fund (WCBR) 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, WCBR achieves a 26.82% return, which is significantly lower than TECL's 125.87% return.

WCBR

• 1D: -3.87%
• 1M: 30.04%
• YTD: 26.82%
• 6M: 19.91%
• 1Y: 12.83%
• 3Y*: 22.02%
• 5Y*: 9.81%
• 10Y*: —

TECL

• 1D: -2.99%
• 1M: 73.10%
• YTD: 125.87%
• 6M: 118.69%
• 1Y: 267.85%
• 3Y*: 80.64%
• 5Y*: 43.44%
• 10Y*: 54.49%

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

WCBR vs. TECL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WCBR WisdomTree Cybersecurity Fund	26.82%	-1.44%	11.42%	66.63%	-41.96%	6.99%
TECL Direxion Daily Technology Bull 3X Shares	125.87%	38.60%	36.15%	203.14%	-74.32%	105.59%

Correlation

The correlation between WCBR and TECL is 0.50, 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	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jan 29, 2021	0.66

The correlation between WCBR and TECL shifts across timeframes, from 0.50 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.

WCBR vs. TECL - Sectors Allocation Comparison

Sectors	WCBR	TECL
Technology	100.0%	20.4%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	0.0%
Financial Services	-	-
Healthcare	-	-
Industrials	-	0.0%
Real Estate	-	-
Utilities	-	-

Return for Risk

WCBR vs. TECL — Risk / Return Rank

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

WCBR

WCBR Risk / Return Rank: 14
WCBR Sharpe Ratio Rank: 14
WCBR Sortino Ratio Rank: 15
WCBR Omega Ratio Rank: 16
WCBR Calmar Ratio Rank: 14
WCBR Martin Ratio Rank: 13

TECL

TECL Risk / Return Rank: 85
TECL Sharpe Ratio Rank: 96
TECL Sortino Ratio Rank: 80
TECL Omega Ratio Rank: 79
TECL Calmar Ratio Rank: 90
TECL Martin Ratio Rank: 81

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.

WCBR vs. TECL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Cybersecurity Fund (WCBR) 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.

	WCBR	TECL	Difference
Sharpe ratio: Return per unit of total volatility	0.40	4.35	-3.95
Sortino ratio: Return per unit of downside risk	0.75	3.66	-2.92
Omega ratio: Gain probability vs. loss probability	1.10	1.48	-0.39
Calmar ratio: Return relative to maximum drawdown	0.43	5.79	-5.36
Martin ratio: Return relative to average drawdown	0.99	16.63	-15.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WCBR vs. TECL - Sharpe Ratio Comparison

The current WCBR Sharpe Ratio is 0.40, which is lower than the TECL Sharpe Ratio of 4.35. The chart below compares the historical Sharpe Ratios of WCBR 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

	WCBR	TECL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.40	4.35	-3.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.59	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.76	-0.55

Drawdowns

WCBR vs. TECL - Drawdown Comparison

The maximum WCBR drawdown since its inception was -52.25%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for WCBR and TECL.

Drawdown Indicators

	WCBR	TECL	Difference
Max Drawdown Largest peak-to-trough decline	-52.25%	-77.96%	+25.71%
Max Drawdown (1Y) Largest decline over 1 year	-29.92%	-46.58%	+16.66%
Max Drawdown (3Y) Largest decline over 3 years	-30.27%	-66.58%	+36.31%
Max Drawdown (5Y) Largest decline over 5 years	-52.25%	-77.96%	+25.71%
Max Drawdown (10Y) Largest decline over 10 years	—	-77.96%	—
Current Drawdown Current decline from peak	-4.56%	-2.99%	-1.57%
Average Drawdown Average peak-to-trough decline	-20.36%	-18.38%	-1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.03%	16.19%	-3.16%

Volatility

WCBR vs. TECL - Volatility Comparison

The current volatility for WisdomTree Cybersecurity Fund (WCBR) is 13.55%, while Direxion Daily Technology Bull 3X Shares (TECL) has a volatility of 20.70%. This indicates that WCBR 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

	WCBR	TECL	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.55%	20.70%	-7.15%
Volatility (6M) Calculated over the trailing 6-month period	27.26%	49.83%	-22.57%
Volatility (1Y) Calculated over the trailing 1-year period	32.16%	62.17%	-30.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.60%	74.09%	-40.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.59%	72.35%	-38.76%

WCBR vs. TECL - Expense Ratio Comparison

WCBR has a 0.45% expense ratio, which is lower than TECL's 0.91% expense ratio.

Dividends

WCBR vs. TECL - Dividend Comparison

WCBR has not paid dividends to shareholders, while TECL's dividend yield for the trailing twelve months is around 3.15%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
TECL Direxion Daily Technology Bull 3X Shares	3.15%	7.19%	0.29%	0.28%	0.22%	0.32%	0.52%	0.25%	0.47%	0.10%
WCBR WisdomTree Cybersecurity Fund	0.00%	0.00%	0.02%	0.00%	0.03%	0.43%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WCBR and TECL in my portfolio?

WCBR and TECL have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WCBR or TECL?

TECL has higher volatility (20.70%) compared to WCBR (13.55%). In terms of maximum drawdown, WCBR dropped -52.25% vs TECL's -77.96%.

Which ETF is better, WCBR or TECL?

On 5-year performance, TECL leads with 43.44% vs 9.81% for WCBR. On fees, WCBR is cheaper at 0.45% per year. On volatility, WCBR has been the lower-risk option at 13.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, WCBR or TECL?

Over the 5-year period, TECL has performed better with a 43.44% return vs 9.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, WCBR or TECL?

WCBR is cheaper with a 0.45% expense ratio, compared with 0.91% for TECL.

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

TECL has the higher dividend yield at 3.15%, compared with 0.00% for WCBR.

What is the main difference between WCBR and TECL?

WCBR is categorized as Technology Equities, while TECL is Leveraged Equities. WCBR tracks WisdomTree Team8 Cybersecurity Index, while TECL tracks Technology Select Sector Index (300%). They also come from different issuers: WisdomTree and Direxion. Their fees differ too: 0.45% for WCBR and 0.91% for TECL.

Which has better risk-adjusted returns?

TECL currently has the higher Sharpe Ratio (4.35 vs 0.40), 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.