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TECL vs LABD

Direxion Daily Technology Bull 3X Shares vs Direxion Daily S&P Biotech Bear 3X Shares

TECL

Direxion Daily Technology Bull 3X Shares

Direxion Funds

Annual cost

0.87%

Fund size

$4.8B

LABD

Direxion Daily S&P Biotech Bear 3X Shares

Direxion Funds

Annual cost

1.07%

Fund size

$69M

Key differences

  • TECL costs 0.20% less per year.
  • TECL is significantly larger than LABD — larger funds tend to be more liquid and less likely to close.
  • TECL follows a leveraged strategy; LABD uses inverse.
  • Over the last 3 years, TECL has delivered higher annualized returns.
  • TECL has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

TECLLABD
Annual cost (TER)0.87%1.07%
Fund size (AUM)$4.8B$69M
Since20082015
Dividend yield5.71%6.38%
Asset classequityequity
Regionnorth americanorth america
Strategyleveragedinverse
CAGR 1Y+213.8%-82.9%
CAGR 3Y+79.2%-50.8%
CAGR 5Y+39.5%-42.0%
Sharpe 3Y1.13-0.52
Volatility 1Y61.27%74.72%
Max drawdown-77.96%-99.98%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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