Data as of .
TECS vs XLKX: which held to its multiple?
Over three months against its own daily promise, TECS finished 3.0 points over and XLKX 2.5 points short.
ETFIQ Decay Resistance Score: TECS scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 121 inverse ETFs over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| TECS | XLKX | TECS | XLKX | TECS | XLKX | |
| 1 month | +1.1% | −2.2% | +1.9% | −1.3% | −0.8 pts | −0.9 pts |
| 3 months | −14.3% | −1.4% | −5.0% | +3.3% | −9.3 pts | −4.7 pts |
| 6 months | −68.9% | not published | −112.6% | not published | +43.7 pts | not published |
| 1 year | −71.8% | not published | −117.6% | not published | +45.8 pts | not published |
| 3 years | −95.4% | not published | not meaningful | not published | not meaningful | not published |
| Since launch | −100.0% | −13.6% | not meaningful | −8.5% | not meaningful | −5.0 pts |
| TECS Direxion Daily Technology Bear 3X ETF Aims to return three times the opposite of the daily move of technology (XLK) | XLKX Corgi U.S. Technology 2x Daily ETF Aims to return twice the daily move of technology (XLK) | |
|---|---|---|
| Issuer | Direxion | Corgi |
| Sets out to return | -3x | +2x |
| On | XLK | XLK |
| Segment | sector | sector |
| Fund returned, 3 months | −14.3% | −1.4% |
| Underlying returned, 3 months | +1.7% | +1.7% |
| What the stated multiple implies, 3 months | −5.0% | +3.3% |
| Difference from stated, 3 months | −9.3 pts | −4.7 pts |
| Fund returned, 1 year or since launch | −71.8% | −13.6% |
| Difference from stated, over that window | +45.8 pts | −5.0 pts |
| Underlying volatility | 30% | 30% |
| Difference over the days both have traded | no shared window | −4.7 pts |
| Expense ratio | 1.01% | 0.45% |
| Launched | Jan 4, 2010 | Jun 3, 2026 |
TECS in plain words
Three months to Sep 11, 2026: TECS returned −14.3% where its own daily promise gave −17.3%, 3.0 points over. Read the multiple against the whole window instead and −3 times XLK's 1.7% implies −5.0%, which makes TECS look 9.3 points short. 12.3 of that is daily compounding, which happens to any −3 times fund over the same path, and the rest is the fund. TECS aims to return -3 times XLK's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not -3 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. XLK moved at 30% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
XLKX in plain words
Three months to Sep 11, 2026: XLKX returned −1.4% where its own daily promise gave +1.1%, 2.5 points short. Read the multiple against the whole window instead and +2 times XLK's 1.7% implies +3.3%, which makes XLKX look 4.7 points short. 2.3 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. XLKX aims to return +2 times XLK's move each day, then resets. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.
Questions people ask
- Which came closer to its stated multiple, TECS or XLKX?
- Over the window to Sep 11, 2026, TECS finished 9.3 points from what its multiple implies and XLKX finished 4.7 points from its own, so XLKX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are TECS and XLKX levered on the same thing?
- Yes. Both are levered on technology, TECS at -3 times and XLKX at +2 times the daily move.
- Which one decays faster, TECS or XLKX?
- Decay follows how much the underlying moves about. Over this window TECS’s moved at 30% annualized and XLKX’s at 30%, so TECS has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold TECS or XLKX for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, TECS or XLKX?
- TECS charges 1.01% a year and XLKX charges 0.45%, so XLKX is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, TECS against XLKX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/TECS-XLKX Free to use with attribution; the underlying files are at Open data.