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SRTY vs TECS

ProShares UltraPro Short Russell2000

SRTYANYSE Arca

Direxion Daily Technology Bear 3X ETF

TECSCNYSE Arca

Overlap

0.0%by weight

Expense ratio

SRTY −0.06pt a year

SRTY0.95%TECS1.01%

Avg volume · 30D

SRTY 3.3×the volume

SRTY1.6MTECS487K

10Y return · a year

SRTY +18.3pt

SRTY−42.8%TECS−61.1%

SRTY vs TECS Performance

Oct 29, 2021 – Oct 30, 2026

−82.0%SRTY−98.0%TECS

Oct 29, 2021 to Oct 30, 2026. SRTY −82.0%. TECS −98.0%. Use the arrow keys to read each point.−50%0%50%Oct 2021Apr 2024Oct 2026
Expense ratio
SRTY 0.95%, better
TECS 1.01%
Fund size
SRTY $68M
TECS $72M
1Y total return
SRTY −37.4%, better
TECS −57.4%
Yield (12M)
SRTY 5.87%
TECS 6.44%, better
Holdings
SRTY 5
TECS 8
Avg volume (30D)
SRTY 1.6M sh, better
TECS 487K sh
NAV per share
SRTY $26.34
TECS $56.90
52W range

ETF.net Grade

SRTY: Cost 84, Risk 53, Mission 83, Tradability 70, Holdings not scored, Durability 56. TECS: Cost 53, Risk 27, Mission not scored, Tradability 55, Holdings not scored, Durability 46.
Pillar letters and Scores for SRTY, TECS, with each pillar’s weight
PillarSRTYTECS
Cost30% weightA84HigherC53
Mission25% weightA83Not scored
Risk15% weightC53HigherD27
Tradability15% weightA70HigherB55
Holdings10% weightNot scoredNot scored
Durability5% weightB56HigherC46

Rank among 3x Leveraged Inverse funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SRTY and TECS are both graded against the same 14 3x Leveraged Inverse funds, so their Grades compare head to head.

3x Leveraged Inverse⁠

Category · 14 funds
See all 14 ›

SRTY ranks 3rd and TECS 7th of 14 funds in the 3x Leveraged Inverse Category.

  1. Rank 1ASQQQProShares UltraPro Short QQQScore 83
  2. Rank 2ASDOWProShares UltraPro Short Dow30Score 78
  3. Rank 3ASRTYProShares UltraPro Short Russell2000Score 71
  4. Rank 4BTZADirexion Daily Small Cap Bear 3X ETFScore 61
  5. Rank 6CFAZDirexion Daily Financial Bear 3x ETFScore 53
  6. Rank 7CTECSDirexion Daily Technology Bear 3X ETFScore 46
  7. Rank 8CYANGDirexion Daily FTSE China Bear 3X ETFScore 45

Our read on each fund

ETF.net Research

SRTYAProShares UltraPro Short Russell2000

TECSCDirexion Daily Technology Bear 3X ETF

In short

SRTY A one-day instrument by design: SRTY aims for three times the inverse of the Russell 2000's daily move, and it has been the ProShares small-cap bear since 2010.

TECS A three-times-daily short on the tech sector, in an ordinary ETF wrapper. TECS aims to deliver -3x the daily move of the Technology Select Sector Index, with no margin account and no borrowed shares involved.

Stated mandate

SRTY SRTY seeks daily investment results, before fees and expenses, equal to three times the inverse daily performance of the Russell 2000 Index.

TECS The fund seeks daily investment results corresponding to the inverse of the Technology Select Sector Index, before fees and expenses.

Why people hold it

  • SRTY 0.95% net of a waiver through September 30, 2027 (1.10% gross), which undercuts TZA at 0.99%, the only other 3x small-cap bear in the peer set, and sits below the category median.
  • The mechanism is plain: three times the inverse of the Russell 2000's daily performance, reset each day. That index covers roughly 2,000 of the smallest names in the Russell 3000.proshares.comfidelity.com
  • Listed since 2010 and actively traded, it rates as one of the stronger implementations in its bear-3x peer group.
  • TECS Targets -3x the daily move of the Technology Select Sector Index, so a bearish tech stance fits inside a plain brokerage account instead of a short position.direxion.com
  • Launched December 2008, part of the first wave of 3x sector funds, and it has traded through every tech boom and bust since.
  • A 1.01% expense ratio, below the median for leveraged and inverse funds.
  • Actively traded, which matters a lot in a product built to be held for short stretches.

Worth knowing

  • SRTY Daily reset means compounding. Hold past a single day and results can diverge widely from 3x the index's move over that stretch, especially through choppy markets.proshares.com
  • The fee steps toward the 1.10% gross rate if the waiver is not extended past September 30, 2027.
  • Small caps are the jumpier end of US equity, and a 3x inverse multiplies that daily swing in both directions.fidelity.com
  • TECS The leverage resets every day. Hold past a single session and compounding takes over, so results can diverge widely from -3x the index's move over that period.
  • Swings are violent by design: three times a volatile sector's daily move, in both directions.
  • Everything rides on one sector going one way. Technology is the only exposure here, and only the inverse of it.

Full SRTY profile⁠

Full TECS profile⁠

SRTY vs TECS Holdings

How SRTY and TECS differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of SRTY and 0.0% of TECS.

Level by level

  • Asset classEquity, Leveraged/Inverse0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for TECS.

Country, concentration and asset class

Country by domicile

No country split for TECS.

Concentration

Weight in the 10 largest Holdings

  • SRTY100.0%
  • TECS167.2%

Securities held

  • SRTY4
  • TECS0

Asset class

SRTY
Equity
TECS
Leveraged/Inverse

Holdings

  • Only in SRTY4
  • In both0
  • Only in TECS0

Only in SRTY

4 securities, 94.5% of SRTY by weight

  • Proshares Genius Mny Mkt Etf61.49%
  • TREASURY BILL, 0%, due 2026-12-2917.54%
  • TREASURY BILL, 0%, due 2026-11-1014.11%

Only in TECS

0 securities, 0.0% of TECS by weight

Weight gaps

SRTY and TECS share no securities.

All 13 SRTY holdings⁠All 13 TECS holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SRTY vs TECS Cost

Overpaying TECS vs SRTY

$981

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

  • SRTY 0.95%

    $17,869

  • TECS 1.01%

    $18,850

$10,000
30 years

Cost over time

  • SRTY 0.95%
  • TECS 1.01%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530TECS $18,850SRTY $17,869

Year by year

YearSRTYTECSOverpaying
10$1,678$1,780$102
20$6,322$6,686$364
30$17,869$18,850$981

Expense ratio

  • 0.95%SRTY, cheaper
  • 1.01%TECS
  • Middle half of 3x Leveraged Inverse funds
  • Median 1.02%

SRTY 2nd cheapest of 14 funds

TECS 7th cheapest of 14 funds

SRTY vs TECS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SRTY 5.87%
TECS 6.44%, better
Payout (12M)
SRTY $1.55
TECS $4.18
Last payment
SRTY $0.27
TECS $0.50
Ex-dividend
SRTY Sep 23, 2026
TECS Sep 22, 2026
Paid on
SRTY Sep 29, 2026
TECS Sep 29, 2026
Frequency
SRTY Quarterly
TECS Quarterly

Distribution history

Per share, 2018 to 2026, same scale for both

SRTYQuarterly · 10 paymentsAll SRTY payments⁠
One bar per payment. 10 payments from 2018 to 2026 YTD. Mar 20, 2024 $1.50; Jun 26, 2024 $1.99; Dec 23, 2024 $1.80; Mar 26, 2025 $0.89; Jun 25, 2025 $0.68; Sep 24, 2025 $0.63; Dec 24, 2025 $0.72; Mar 25, 2026 $0.27; Jun 24, 2026 $0.29; Sep 23, 2026 $0.27. Use the arrow keys to read each point.$0$500202020232026YTD
TECSQuarterly · 24 paymentsAll TECS payments⁠
One bar per payment. 24 payments from 2018 to 2026 YTD. Mar 20, 2018 $300.00; Jun 19, 2018 $250.00; Sep 25, 2018 $628.10; Dec 27, 2018 $796.80; Mar 19, 2019 $488.20; Jun 25, 2019 $600.80; Sep 24, 2019 $385.70; Dec 23, 2019 $236.40; Mar 24, 2020 $130.40; Mar 21, 2023 $27.07; Jun 21, 2023 $19.74; Sep 19, 2023 $15.35; Dec 21, 2023 $12.27; Mar 19, 2024 $6.06; Jun 25, 2024 $8.63; Sep 24, 2024 $5.56; Dec 23, 2024 $4.72; Mar 25, 2025 $4.69; Jun 24, 2025 $1.68; Sep 23, 2025 $1.82; Dec 23, 2025 $1.89; Mar 24, 2026 $1.28; Jun 23, 2026 $0.51; Sep 22, 2026 $0.50. Use the arrow keys to read each point.$0$500202020232026YTD

SRTY vs TECS Risk

Fall from peak · 5 years

  • SRTY
  • TECS
Oct 29, 2021 to Oct 30, 2026. Worst fall: TECS −99.0% · Oct 2026. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
SRTY 54.0%, betterTECS 59.7%
Return per unit of riskSharpe ratio, 3 years
SRTY −1.04, betterTECS −1.41
Worst fallMax drawdown, 5 years
SRTY −92.8%, betterTECS −99.0%
Market sensitivityBeta, 5 years
SRTY −3.24TECS −3.64

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