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Launched · SEC filings

Direxion Daily Technology Bull 3X ETF

TECLNYSE ArcaDirexionAThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$124.62−39.07 (−23.87%)

At close: Nov 5, 2026, 4:00 PM ET

A72/ 100

Rank 6 of 31 in 3x Leveraged Long

A72/100Rank 6 of 31in3x Leveraged Long
Intraday session: down, 79 prints from 163.69 to 124.62. Range 124.62 to 151.51. Use the arrow keys to read each point.130.00140.00150.0010 AM12 PM2 PM4 PM
Expense ratio
0.87%*
Fund size
$5.01B
1Y total return
+26.7%
Yield · Last 12 months
5.23%
Holdings
88
Avg volume · 30D
648K sh
52W range
low $75.16high $275.40
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 1, 2027. Without it: 0.94%.

The ETF.net TECL Grade

Based on 4 of 6 pillars

A

Score 72 out of 100

Category
3x Leveraged Long⁠
Rank
6 of 31
Six-pillar profile for TECL. Scores out of 100: Cost 92, Risk 41, Mission not scored, Tradability 68, Holdings not scored, Durability 68. Strongest: Cost (92). Weakest: Risk (41). Based on 4 of 6 pillars.

Score 72 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A92 out of 100
    Rank 3 of 31

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C41 out of 100
    Rank 22 of 31

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B68 out of 100
    Rank 8 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B68 out of 100
    Rank 4 of 31

Our read on TECL

ETF.net Research

In short

ATECL takes the S&P 500's technology sector and triples its daily move: roughly 80 large-cap names, software to semiconductors, not a chips-only slice. The leverage resets every day, so it is built for short holding periods.

Stated mandate

The fund seeks daily investment results equal to 300% of the performance of the Technology Select Sector Index.

Why people hold it

  • One lever on the whole S&P 500 tech sleeve: every GICS technology name in the 500, with caps on the biggest weights, so software, hardware and chips in one ticket.spglobal.com
  • Costs 0.87% net of a waiver through September 1, 2027 (0.94% gross), below the 3x category median. Fee drag matters on exposure meant to be held in short bursts.
  • Listed since 2008 and among the more actively traded 3x funds, with a mirror-image bear fund (TECS) on the identical index if you want the other side of the trade.direxion.com
  • A multi-billion-dollar fund that stands among the stronger builds in a crowded 3x field on cost and staying power.

Worth knowing

  • Direxion is blunt: over periods longer than a day, results can diverge from 300% of the index's cumulative move, and volatility widens the gap. Needs daily attention.direxion.comdirexion.com 2
  • Triple exposure cuts both ways, so a rough day for tech lands three times as hard. The index caps its largest weights, but the sector still leans on a handful of megacaps.spglobal.com
  • Cheaper 3x options sit in the same category: SOXL at 0.75% and TQQQ at 0.78%, each net of fee waivers running through September 1, 2027 and September 30, 2027.

TECL Performance

Launched Dec 17, 2008

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

TECL$12,668
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,478
Nov 4, 2025 to Nov 4, 2026. TECL $12,668. SPY $11,478. Use the arrow keys to read each point.$5,000$10,000$15,000$20,000Nov 2025May 2026Nov 2026

Nov 4, 2025 – Nov 4, 2026

Returns run to the Nov 4, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TECL. Periods over one year show the average yearly return.
PeriodTECL
Year to date+39.7%
1 month−33.5%
3 months−21.4%
1 year+26.7%
3 yearsper year+53.7%
5 yearsper year+18.0%
10 yearsper year+45.1%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TECL
YearReturn barTECL
2026 YTD+39.7%
2025+38.5%
2024+36.1%
2023+203.1%
2022−74.3%
2021+112.8%
2020+69.3%

TECL in the news

TECL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 4, 2026.
5.23%Last 12 months
Payout per share
$8.56Last 12 months
Last payment
$0.21 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 23 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.01; Jun 19, 2018 $0.03; Sep 25, 2018 $0.01; Mar 19, 2019 $0.04; Sep 24, 2019 $0.0071; Dec 23, 2019 $0.01; Mar 24, 2020 $0.02; Dec 10, 2020 $0.19; Dec 9, 2021 $0.28; Dec 20, 2022 $0.05; Mar 21, 2023 $0.08; Jun 21, 2023 $0.04; Dec 21, 2023 $0.07; Mar 19, 2024 $0.11; Jun 25, 2024 $0.10; Dec 12, 2024 $0.04; Dec 23, 2024 $0.02; Mar 25, 2025 $0.21; Jun 24, 2025 $0.20; Dec 10, 2025 $8.04; Mar 24, 2026 $0.10; Jun 23, 2026 $0.21; Sep 22, 2026 $0.21. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.21
Jun 23, 2026Jun 30, 2026$0.21
Mar 24, 2026Mar 31, 2026$0.10
Dec 10, 2025Dec 17, 2025$8.04
Jun 24, 2025Jul 1, 2025$0.20
Mar 25, 2025Apr 1, 2025$0.21
Dec 23, 2024Dec 31, 2024$0.02
Dec 12, 2024Dec 19, 2024$0.04
Jun 25, 2024Jul 2, 2024$0.10
Mar 19, 2024Mar 26, 2024$0.11
Dec 21, 2023Dec 29, 2023$0.07
Jun 21, 2023Jun 28, 2023$0.04

See all 29 payments⁠

$10,000 in TECL 10 years ago paid $23,090 in dividends.⁠

TECL Risk

Risk pillarC41 out of 100Rank 22 of 31 in 3x Leveraged Long

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
77.9%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.91
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−78.0%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
4.86
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

TECL Cost

Compare TECL and SOXL

Overpaying vs SOXL, cheapest in 3x Leveraged Long

$2,054

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TECL 0.87%

    $16,536

  • SOXL 0.75% Cheapest

    $14,482

$10,000
30 years

Cost over time

  • TECL 0.87%
  • SOXL 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TECL $16,536SOXL $14,482

Year by year

YearTECLSOXLOverpaying
10$1,542$1,336$206
20$5,830$5,078$752
30$16,536$14,482$2,054
How the 0.87% is worked out

Full fee 0.94%− waiver 0.07%= you pay 0.87%

The waiver ends Sep 1, 2027. After that the fee is 0.94% unless Direxion renews it. Source: prospectus, Mar 2026.

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