Direxion Daily Technology Bull 3X ETF
AThis 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.
$232.61−0.52 (−0.22%)
- 0.94%
- $6.9B
- +108.8%
- 3.67%
- 0.9M sh
- $242.09
- low $75.16high $275.40
The ETF.net TECL Grade
A
Score 70 out of 100
- 6 of 31
Score 70 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.A88 out of 100Rank 4 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C44 out of 100Rank 21 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B63 out of 100Rank 10 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B68 out of 100Rank 4 of 31
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
- 88
- 80%
- Ixt Swap Asset Leg (Ixtmll)
Sectors
- Technology99.9%
- Energy0.1%
Geography
- United States97.69%
- Ireland0.98%
- Singapore0.98%
- Netherlands0.34%
TECL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
TECL$20,876
Returns run to the Oct 12, 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 | +99.0% |
| 1 month | +13.3% |
| 3 months | +10.2% |
| 1 year | +108.8% |
| 3 years | +72.8% |
| 5 years | +34.4% |
| 10 years | +49.0% |
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 | +99.0% | |
| 2025 | +38.5% | |
| 2024 | +36.1% | |
| 2023 | +203.1% | |
| 2022 | −74.3% | |
| 2021 | +112.8% | |
| 2020 | +69.3% |
TECL in the news
TECL Dividends
- 3.67%
- $8.56
- $0.21 per share
- Quarterly
Distribution history
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.
- 75.8%
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.
- 1.05
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
0.94%
TECL0.94%
- The middle half of 3x Leveraged Long funds
- Median 0.98%
3 of the 30 3x Leveraged Long funds charge less.
Other funds in 3x Leveraged Long
- ADPSTDirexion Daily Regional Banks Bull 3X ETFExpense ratio 0.92%1 year return +29.9%
- ASOXLDirexion Daily Semiconductor Bull 3X ETFExpense ratio 0.91%1 year return +275.6%
- BTQQQProShares UltraPro QQQExpense ratio 0.97%1 year return +65.2%
- BLABUDirexion Daily S&P Biotech Bull 3X SharesExpense ratio 0.96%1 year return +117.8%
- BDFENDirexion Daily Aerospace & Defense Bull 3X SharesExpense ratio 0.96%1 year return −22.0%