TECL vs XLKX: which held to its multiple?
Over three months against its own daily promise, TECL finished 2.5 points short and XLKX 2.5 points short. Direxion Daily Technology Bull 3X ETF and Corgi U.S. Technology 2x Daily ETF.
TECL returned +9.3% while 3 times XLK's move would have been +16.7%
XLKX returned +7.0% while 2 times XLK's move would have been +11.2%
A percentile among the 470 leveraged ETFs, long, 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
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | TECL | XLKX | TECL | XLKX | TECL | XLKX |
| 1 month | +14.5% | +9.5% | +15.2% | +10.2% | −0.7 pts | −0.6 pts |
| 3 months | +9.3% | +7.0% | +16.7% | +11.2% | −7.4 pts | −4.1 pts |
| 6 months | +158.2% | not published | +136.3% | not published | +21.9 pts | not published |
| 1 year | +99.3% | not published | +118.8% | not published | −19.5 pts | not published |
| 3 years | +480.5% | not published | not meaningful | not published | not meaningful | not published |
| Since launch TECL Jan 2010 · XLKX Jun 2026 | +28802.2% | −6.2% | not meaningful | 0.0% | not meaningful | −6.2 pts |
TECL and XLKX over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
TECL and XLKX on the same fields, as of Sep 30, 2026. Source: ETFIQ.
TECL in plain words
Three months to Sep 30, 2026: TECL returned +9.3% where its own daily promise gave +11.8%, 2.5 points short. Read the multiple against the whole window instead and 3 times XLK's 5.6% implies +16.7%, which makes TECL look 7.4 points short. 4.9 of that is daily compounding, which happens to any 3 times fund over the same path, and the rest is the fund. TECL 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 26% 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 30, 2026: XLKX returned +7.0% where its own daily promise gave +9.6%, 2.5 points short. Read the multiple against the whole window instead and 2 times XLK's 5.6% implies +11.2%, which makes XLKX look 4.1 points short. 1.6 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, TECL or XLKX?
- Over the window to Sep 30, 2026, TECL finished 7.4 points from what its multiple implies and XLKX finished 4.1 points from its own, so XLKX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are TECL and XLKX levered on the same thing?
- Yes. Both are levered on technology, TECL at +3 times and XLKX at +2 times the daily move.
- Which one decays faster, TECL or XLKX?
- Decay follows how much the underlying moves about. Over this window TECL’s moved at 26% annualized and XLKX’s at 26%, so TECL has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold TECL 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.
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.
ETFIQ, TECL against XLKX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tecl-vs-xlkx
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, TECL against XLKX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tecl-vs-xlkx Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, TECL against XLKX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tecl-vs-xlkx
- APA
- ETFIQ. (Sep 30, 2026). TECL against XLKX. Retrieved from https://etfiq.com/compare/leverage/tecl-vs-xlkx
- Markdown
- [TECL against XLKX (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/tecl-vs-xlkx)