Direxion Daily Technology Bull 3X ETF
$230.70−4.09 (−1.74%)
- Expense ratio
- 0.94%
- Fund size
- $5.9B
- 1Y return
- +98.7%
- Yield · Last 12 months
- 3.56%
- Holdings
- 80
- Volume · 30D
- 0.9M sh
- NAV per share
- $206.64
- 52W range
The ETF.net TECL Grade
Score 71 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 88Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 43Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 66Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 68Category rank
Our read on TECL
AA 2008-vintage survivor of the first 3x wave: TECL aims to deliver 300% of the Technology Select Sector Index's daily move. A one-day trade on megacap tech, re-cocked every night.
The fund seeks daily investment results equal to 300% of the performance of the Technology Select Sector Index.
Why people hold it
- 0.94% a year, under the typical leveraged fund's fee, and below ProShares' QLD (0.98%) even though TECL carries triple exposure rather than double.
- Running since 2008 and now a multi-billion-dollar, actively traded fund, so getting in and out is rarely the hard part of the trade.
- The target is plain: roughly 80 large-cap tech names in the S&P 500's technology sector index (IXT), not a hand-picked basket.direxion.com
- Among the 100-plus leveraged bull funds we track, this sits in the top tier for cost and tradability combined.
Worth knowing
- The 3x math resets daily. Hold past a day and your result follows tech's path, not just its start and end points; choppy stretches grind returns down.direxion.com
- One sector, tripled. Concentration and leverage stack, so a rough day for megacap tech lands three times as hard here.
- Cheap for leverage is still expensive in absolute terms: 0.94% versus pennies for a plain tech index fund, charged whichever way the sector moves.
TECL Holdings
- Stocks
- 80
- 80%
- IXT SWAP ASSET LEG (IXTBCL)
Sectors
- Technology99.9%
- Energy0.1%
Geography
- United States97.26%
- Ireland1.19%
- Singapore1.19%
- Netherlands0.37%
TECL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | TECL |
|---|---|
| Year to date | +100.3% |
| 1 month | +20.5% |
| 3 months | −2.0% |
| 1 year | +98.7% |
| 3 years | +79.4% |
| 5 years | +32.1% |
| 10 years | +48.6% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TECL |
|---|---|---|
| 2026 YTD | +100.3% | |
| 2025 | +38.5% | |
| 2024 | +36.1% | |
| 2023 | +203.1% | |
| 2022 | −74.3% | |
| 2021 | +112.8% | |
| 2020 | +69.3% |
TECL in the news
ETF.net Research hasn’t filed on TECL yet — coverage lands here as it’s written.
TECL Dividends
- 3.56%
- $8.35
- $0.21 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 23, 2026 | Jun 30, 2026 | $0.21 |
| Mar 24, 2026 | Mar 31, 2026 | $0.10 |
| Dec 10, 2025 | Dec 17, 2025 | $8.04 |
| Jun 24, 2025 | Jul 1, 2025 | $0.20 |
| Mar 25, 2025 | Apr 1, 2025 | $0.21 |
| Dec 23, 2024 | Dec 31, 2024 | $0.02 |
| Dec 12, 2024 | Dec 19, 2024 | $0.04 |
| Jun 25, 2024 | Jul 2, 2024 | $0.10 |
| Mar 19, 2024 | Mar 26, 2024 | $0.11 |
| Dec 21, 2023 | Dec 29, 2023 | $0.07 |
| Jun 21, 2023 | Jun 28, 2023 | $0.04 |
| Mar 21, 2023 | Mar 28, 2023 | $0.08 |
TECL Risk
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.
- 77.1%
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.
- 0.88
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.
- −78.0%
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.
- 4.86
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TECL Cost
- The middle half of 3x Leveraged Long funds
- Median 0.98%
3 of the 30 3x Leveraged Long funds charge less.