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TECL vs UDOW

Direxion Daily Technology Bull 3X ETF

TECLANYSE Arca

ProShares UltraPro Dow30

UDOWANYSE Arca

Overlap

Expense ratio

TECL −0.07pt a year

TECL0.87%UDOW0.94%

Avg volume · 30D

UDOW 2.7×the volume

TECL648KUDOW1.72M

10Y return · a year

TECL +21.2pt

TECL+45.1%UDOW+23.9%

TECL vs UDOW Performance

Nov 4, 2021 – Nov 4, 2026

+129.2%TECL+77.0%UDOW

Nov 4, 2021 to Nov 4, 2026. TECL +129.2%. UDOW +77.0%. Use the arrow keys to read each point.0%200%300%Nov 2021May 2024Nov 2026
Expense ratio
TECL 0.87%, better
UDOW 0.94%
Fund size
TECL $5.01B
UDOW $914M
1Y total return
TECL +26.7%
UDOW +30.5%, better
Yield (12M)
TECL 5.23%, better
UDOW 0.97%
Holdings
TECL 88
UDOW 33
Avg volume (30D)
TECL 648K sh
UDOW 1.72M sh, better
NAV per share
TECL $173.18
UDOW $71.38
52W range

ETF.net Grade

TECL: Cost 92, Risk 41, Mission not scored, Tradability 68, Holdings not scored, Durability 68. UDOW: Cost 78, Risk 78, Mission 77, Tradability 89, Holdings 55, Durability 71.
Pillar letters and Scores for TECL, UDOW, with each pillar’s weight
PillarTECLUDOW
Cost30% weightA92HigherA78
Mission25% weightNot scoredA77
Risk15% weightC41A78Higher
Tradability15% weightB68A89Higher
Holdings10% weightNot scoredB55
Durability5% weightB68A71Higher

Rank among 3x Leveraged Long funds

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

Same Category. TECL and UDOW are both graded against the same 30 3x Leveraged Long funds, so their Grades compare head to head.

3x Leveraged Long⁠

Category · 30 funds
See all 30 ›

UDOW ranks 2nd and TECL 6th of 30 funds in the 3x Leveraged Long Category.

  1. Rank 1ATQQQProShares UltraPro QQQScore 86
  2. Rank 2AFASDirexion Daily Financial Bull 3X ETFScore 80
  3. Rank 2AUDOWProShares UltraPro Dow30Score 80
  4. Rank 4ASOXLDirexion Daily Semiconductor Bull 3X ETFScore 77
  5. Rank 5ATMFDirexion Daily 20+ Year Treasury Bull 3X ETFScore 74
  6. Rank 6ATECLDirexion Daily Technology Bull 3X ETFScore 72
  7. Rank 7ACUREDirexion Daily Healthcare Bull 3X ETFScore 69

Our read on each fund

ETF.net Research

TECLADirexion Daily Technology Bull 3X ETF

UDOWAProShares UltraPro Dow30

In short

TECL TECL 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.

UDOW The only 3x daily play on the Dow: 30 blue-chip names, price-weighted, reset every session. It is the industrial cousin of the semis-and-Nasdaq crowd that fills the leveraged aisle, and it has run since 2010.

Stated mandate

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

UDOW The Fund seeks daily results equal to three times the daily performance of the Dow Jones Industrial Average before fees and expenses. It uses equity securities, derivatives, and money-market instruments to pursue that daily leveraged exposure.

Why people hold it

  • TECL 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.
  • UDOW ProShares calls UDOW the only ETF targeting 3x the daily move of the Dow. In a 3x aisle crowded with semiconductor and Nasdaq bets, the blue-chip index has exactly one lever.proshares.com
  • The Dow is a price-weighted measure of 30 US blue chips, so the exposure leans industrials, financials and health care instead of megacap tech.spglobal.com
  • Trading since 2010, it has run through several full market cycles and stays actively traded, which matters when the holding period is hours rather than years.
  • Among the stronger implementations in its 3x bull peer group, it stays close to its stated daily target and trades with the depth short-horizon traders look for.

Worth knowing

  • TECL 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.
  • UDOW The 3x target resets every day. Over longer stretches, compounding and volatility can push results away from 3x the index move, as the prospectus spells out.proshares.com
  • At 0.94% with no waiver propping it up, cost sits near the typical 3x bull fund; TQQQ charges 0.78% net of a waiver through September 30, 2027.
  • Exposure is built with derivatives and cash instruments alongside stocks, so counterparty and derivative risk ride along with the market call.proshares.com

Full TECL profile⁠

Full UDOW profile⁠

TECL vs UDOW 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.

TECL vs UDOW Cost

Overpaying UDOW vs TECL

$1,168

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

  • TECL 0.87%

    $16,536

  • UDOW 0.94%

    $17,704

$10,000
30 years

Cost over time

  • TECL 0.87%
  • UDOW 0.94%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530UDOW $17,704TECL $16,536

Year by year

YearTECLUDOWOverpaying
10$1,542$1,661$119
20$5,830$6,260$430
30$16,536$17,704$1,168

Expense ratio

  • 0.87%TECL, cheaper
  • 0.94%UDOW
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

TECL 3rd cheapest of 30 funds

UDOW 7th cheapest of 30 funds

TECL vs UDOW Dividends

Last 12 months to Nov 4, 2026
Yield (12M)
TECL 5.23%, better
UDOW 0.97%
Payout (12M)
TECL $8.56
UDOW $0.69
Last payment
TECL $0.21
UDOW $0.15
Ex-dividend
TECL Sep 22, 2026
UDOW Sep 23, 2026
Paid on
TECL Sep 29, 2026
UDOW Sep 29, 2026
Frequency
TECL Quarterly
UDOW Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

TECLQuarterly · 23 paymentsAll TECL payments⁠
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.$0$52017202020232026YTD
UDOWQuarterly · 15 paymentsAll UDOW payments⁠
One bar per payment. 15 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.007; Dec 26, 2017 $0.02; Dec 24, 2019 $0.07; Dec 23, 2020 $0.03; Dec 22, 2022 $0.09; Mar 20, 2024 $0.07; Jun 26, 2024 $0.16; Dec 23, 2024 $0.07; Mar 26, 2025 $0.16; Jun 25, 2025 $0.22; Sep 24, 2025 $0.23; Dec 24, 2025 $0.20; Mar 25, 2026 $0.14; Jun 24, 2026 $0.21; Sep 23, 2026 $0.15. Use the arrow keys to read each point.$0$52017202020232026YTD

TECL vs UDOW Risk

Fall from peak · 5 years

  • TECL
  • UDOW
Nov 4, 2021 to Nov 4, 2026. Worst fall: TECL −78.0% · Oct 2022. Use the arrow keys to read each point.−80%−60%−40%−20%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
TECL 77.9%UDOW 37.2%, better
Return per unit of riskSharpe ratio, 3 years
TECL 0.91UDOW 0.95, better
Worst fallMax drawdown, 5 years
TECL −78.0%UDOW −56.0%, better
Market sensitivityBeta, 5 years
TECL 4.86UDOW 2.62

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