{"url":"https://etfiq.com/compare/leverage/tecl-vs-tecs","section":"compare","title":"TECL vs TECS: which held to its multiple? | ETFIQ","description":"TECL sets out to return +3 times XLK each day and TECS -3 times. Over the three months to Sep 30, 2026 they finished \u22127.4 pts and \u22124.3 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, TECL or TECS?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, TECL finished 7.4 points from what its multiple implies and TECS finished 4.3 points from its own, so TECS came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are TECL and TECS levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on technology, TECL at +3 times and TECS at -3 times the daily move."}},{"@type":"Question","name":"Which one decays faster, TECL or TECS?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window TECL\u2019s moved at 26% annualized and TECS\u2019s at 26%, so TECL has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold TECL or TECS 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, TECL or TECS?","acceptedAnswer":{"@type":"Answer","text":"TECL charges 0.87% a year and TECS charges 1.01%, 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":"TECL vs TECS","item":"https://etfiq.com/compare/leverage/tecl-vs-tecs"}]},{"@type":"WebPage","name":"TECL vs TECS: which held to its multiple?","description":"TECL sets out to return +3 times XLK each day and TECS -3 times. Over the three months to Sep 30, 2026 they finished \u22127.4 pts and \u22124.3 pts away.","url":"https://etfiq.com/compare/leverage/tecl-vs-tecs","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, TECL finished 2.5 points short and TECS 2.8 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of TECL and TECS","description":"TECL sets out to return +3 times XLK each day and TECS -3 times. Over the three months to Sep 30, 2026 they finished \u22127.4 pts and \u22124.3 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/tecl-vs-tecs","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":7085,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / TECL vs TECS \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n TECL vs TECS: which held to its multiple?\n\n Over three months against its own daily promise, TECL finished 2.5 points short and TECS 2.8 points over.\n Copy this for sharing \n \n Direxion Daily Technology Bull 3X ETF and Direxion Daily Technology Bear 3X ETF.\n\n Download as PDF \n\n +9.3% TECL returned, 3 months \n \u221221.0% TECS returned, 3 months \n \u22127.4 pts TECL from its stated multiple \n \u22124.3 pts TECS from its stated multiple \n\n ETFIQ Decay Resistance Score: TECS scores higher","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/tecl-vs-tecs","a":{"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"}]},"b":{"ticker":"TECS","name":"Direxion Daily Technology Bear 3X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: TECS returned \u221221.0% where its own daily promise gave \u221223.8%, 2.8 points over.","url":"https://etfiq.com/funds/tecs","key_facts":[{"label":"What XLK did","value":"+5.6%","as_of":"2026-09-30","source":null},{"label":"What \u22123 times a day gives","value":"\u221223.8%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221221.0%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+2.8 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$69m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.01%","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/tecl-vs-tecs"}