{"url":"https://etfiq.com/compare/leverage/rew-vs-tecl","section":"compare","title":"REW vs TECL: which held to its multiple? | ETFIQ","description":"REW sets out to return -2 times XLK each day and TECL +3 times. Over the three months to Sep 30, 2026 they finished \u22121.7 pts and \u22127.4 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, REW or TECL?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, REW finished 1.7 points from what its multiple implies and TECL finished 7.4 points from its own, so REW came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are REW and TECL levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on technology, REW at -2 times and TECL at +3 times the daily move."}},{"@type":"Question","name":"Which one decays faster, REW or TECL?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window REW\u2019s moved at 26% annualized and TECL\u2019s at 26%, so REW has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold REW or TECL for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, REW or TECL?","acceptedAnswer":{"@type":"Answer","text":"REW charges 0.95% a year and TECL charges 0.87%, so TECL is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"REW vs TECL","item":"https://etfiq.com/compare/leverage/rew-vs-tecl"}]},{"@type":"WebPage","name":"REW vs TECL: which held to its multiple?","description":"REW sets out to return -2 times XLK each day and TECL +3 times. Over the three months to Sep 30, 2026 they finished \u22121.7 pts and \u22127.4 pts away.","url":"https://etfiq.com/compare/leverage/rew-vs-tecl","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, REW finished 2.1 points over and TECL 2.5 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of REW and TECL","description":"REW sets out to return -2 times XLK each day and TECL +3 times. Over the three months to Sep 30, 2026 they finished \u22121.7 pts and \u22127.4 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/rew-vs-tecl","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7096,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / REW vs TECL \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n REW vs TECL: which held to its multiple?\n\n Over three months against its own daily promise, REW finished 2.1 points over and TECL 2.5 points short.\n Copy this for sharing \n \n ProShares UltraShort Technology and Direxion Daily Technology Bull 3X ETF.\n\n Download as PDF \n\n \u221212.8% REW returned, 3 months \n +9.3% TECL returned, 3 months \n \u22121.7 pts REW from its stated multiple \n \u22127.4 pts TECL from its stated multiple \n\n ETFIQ Decay Resistance Score: REW scores higher\n Did it kee","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/rew-vs-tecl","a":{"ticker":"REW","name":"ProShares UltraShort Technology","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: REW returned \u221212.8% where its own daily promise gave \u221215.0%, 2.1 points over.","url":"https://etfiq.com/funds/rew","key_facts":[{"label":"What XLK did","value":"+5.6%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221215.0%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221212.8%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+2.1 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$4m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"b":{"ticker":"TECL","name":"Direxion Daily Technology Bull 3X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: TECL returned +9.3% where its own daily promise gave +11.8%, 2.5 points short.","url":"https://etfiq.com/funds/tecl","key_facts":[{"label":"What XLK did","value":"+5.6%","as_of":"2026-09-30","source":null},{"label":"What 3 times a day gives","value":"+11.8%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+9.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$6.6bn","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.87%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/rew-vs-tecl"}