TECL
TECL (Direxion Daily Technology Bull 3X Shares) is an exchange-traded fund (ETF) that aims to provide three times (3x) the daily performance of the Technology Select Sector Index. It is designed for investors seeking leveraged exposure to the technology sector.
Asset Summary
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Asset Performance Metrics and Risk Characteristics:
Metrics below use daily returns for Jan 1, 2026 – Aug 17, 2026 (YTD).
Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.
1 Month Trailing Return
22.53%
Represents the percentage change in asset value over the past month.
3 Month Trailing Return
15.72%
Indicates the percentage change in asset value over the last three months.
Period Max Drawdown
45.07%
The highest percentage drop from the peak value to the lowest point during the observed period.
Standard Deviation
87.57%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
Sharpe Ratio
1.57
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
Calmar Ratio
3.06
The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.
Asset Technical Analysis
Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. Using indicators such as moving averages, pivot levels, momentum studies, and candlestick pattern scans can clarify trend strength and volatility. The tabs below summarize moving averages, pivots, technical indicators, candlestick patterns, and recent prices for this symbol.
Analysis
Moving Averages
Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:
| Type/Period | |
|---|---|
| SMA | |
| EMA | |
| WMA | |
| WEMA |
- SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
- EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
- WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
- WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.
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Maximize Results NowFrequently Asked Questions
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Risks include the potential for significant losses due to the leveraged nature of the ETF. Leveraged ETFs can experience high volatility and are generally more suitable for short-term trading rather than long-term investing. The daily reset of leverage can lead to performance deviations over longer periods.
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TECL is managed by Direxion, which employs a leveraged investment strategy to achieve its objective. The fund uses financial derivatives such as futures contracts, options, and swaps to amplify the performance of the Technology Select Sector Index by 300% on a daily basis.
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Key performance metrics for TECL include its net asset value (NAV), daily percentage returns, expense ratio, and tracking error. NAV reflects the per-share value of the ETF, daily returns show the performance relative to the Technology Select Sector Index, the expense ratio indicates the cost of managing the fund, and tracking error measures how closely the fund tracks its target index.
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TECL adjusts its holdings and leverage to reflect changes in the Technology Select Sector Index. The ETF rebalances daily to maintain its 3x leverage ratio, which involves buying or selling derivatives to achieve the desired exposure.
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Yes, TECL can be held in retirement accounts such as IRAs or 401(k)s. However, due to its leveraged nature and high volatility, it is essential to consider how it fits with your overall investment strategy and risk tolerance.
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Investors can purchase shares of TECL through a brokerage account. It is traded on major stock exchanges under the ticker symbol "TECL" and can be bought and sold like other stocks and ETFs.
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TECL has an expense ratio of approximately 1.08%. This fee covers the costs of managing and operating the fund, including administrative and management expenses.
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TECL aims to deliver three times the daily performance of the Technology Select Sector Index. As a leveraged ETF, its performance can differ significantly from the index over longer periods due to compounding effects and daily rebalancing. Short-term performance may be closely aligned, but long-term performance can vary.
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Factors influencing TECL’s performance include the volatility of the technology sector, market conditions, and the performance of the underlying Technology Select Sector Index. The effectiveness of the leveraged strategy and daily rebalancing also play a role in performance.
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Similar ETFs to TECL include: TQQQ (ProShares UltraPro QQQ), which seeks to provide three times the daily performance of the NASDAQ-100 Index; SPXL (Direxion Daily S&P 500 Bull 3X Shares), which aims to deliver three times the daily performance of the S&P 500 Index; and XLC (SPDR Communication Services Select Sector Fund), which focuses on the communication services sector, though it does not use leverage.
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Disclaimers
The information displayed on this site is sourced from third-party providers and is believed to be reliable. OHLCX has not independently verified this data and does not guarantee its accuracy. Content is for educational and informational purposes only and is not financial or investment advice.
With any investment, your capital is at risk. Past performance is no guarantee of future results. Consult your provider's terms and privacy policies where applicable.
Market data is provided in near real-time when available, but we do not guarantee its accuracy or timeliness.
Securities products are: Not FDIC insured · Not bank guaranteed · May lose value
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