Which came closer to its stated multiple, TECS or XLKX?

Over the window to Sep 30, 2026, TECS finished 4.3 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 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 26% annualized and XLKX’s at 26%, 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.

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TECS vs XLKX: which held to its multiple?

Over three months against its own daily promise, TECS finished 2.8 points over and XLKX 2.5 points short. Direxion Daily Technology Bear 3X ETF and Corgi U.S. Technology 2x Daily ETF.

−21.0%

TECS returned, 3 months

+7.0%

XLKX returned, 3 months

−4.3 pts

TECS from its stated multiple

−4.1 pts

XLKX from its stated multiple

TECS · 3 months to Sep 30, 20264.3 pts short of its stated multiple

TECS returned −21.0% while −3 times XLK's move would have been −16.7%

XLKX · 3 months to Sep 30, 20264.1 pts short of its stated multiple

XLKX returned +7.0% while 2 times XLK's move would have been +11.2%

ETFIQ Decay Resistance Score · TECS scores higherDid it keep up with its own daily multiple, compounded day by day?

TECS among the 125 inverse ETFs over three months

TECS 78.8

0.4, the lowest in this set99.6, the highest

XLKX among the 470 leveraged ETFs, long, over three months

XLKX 52.6

0.1, the lowest in this set99.9, the highest

A percentile among the 125 inverse ETFs over three months. XLKX is a percentile among the 470 leveraged ETFs, long, over three months, a different set, so the two marks are not on one scale. 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	TECS	XLKX	TECS	XLKX	TECS	XLKX
1 month	−14.3%	+9.5%	−15.2%	+10.2%	+0.9 pts	−0.6 pts
3 months	−21.0%	+7.0%	−16.7%	+11.2%	−4.3 pts	−4.1 pts
6 months	−73.2%	not published	−136.3%	not published	+63.1 pts	not published
1 year	−72.2%	not published	−118.8%	not published	+46.6 pts	not published
3 years	−96.4%	not published	not meaningful	not published	not meaningful	not published
Since launch TECS Jan 2010 · XLKX Jun 2026	−100.0%	−6.2%	not meaningful	0.0%	not meaningful	−6.2 pts

TECS 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

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

Underlying asset XLK XLK

Segment sector sector

Fund returned, 3 months or since launch −21.0% +7.0%

Underlying returned, over that window +5.6% +5.6%

What the stated multiple implies, over that window −16.7% +11.2%

Difference from stated, over that window −4.3 pts −4.1 pts

Fund returned, 1 year or since launch −72.2% −6.2%

Difference from stated, over that window +46.6 pts −6.2 pts

Underlying volatility 26% 26%

Difference over the days both have traded no shared window −4.1 pts

Expense ratio 1.01% 0.45%

Launched Jan 4, 2010 Jun 3, 2026

Net assets $69m $344,218

TECS and XLKX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

TECS in plain words

Three months to Sep 30, 2026: TECS returned −21.0% where its own daily promise gave −23.8%, 2.8 points over. Read the multiple against the whole window instead and −3 times XLK's 5.6% implies −16.7%, which makes TECS look 4.3 points short. 7.0 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 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, TECS or XLKX?: Over the window to Sep 30, 2026, TECS finished 4.3 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 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 26% annualized and XLKX’s at 26%, 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

TECS vs REW TECS vs ROM TECS vs TECL XLKX vs REW XLKX vs ROM XLKX vs TECL

XLK →TECS on its own →XLKX on its own →How every figure is computed →Standards and sources →

Where these figures came from

TECS filings on SEC EDGAR ↗TECS prospectus with the expense ratio (SEC) ↗Direxion website ↗XLKX filings on SEC EDGAR ↗XLKX prospectus with the expense ratio (SEC) ↗Corgi website ↗

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.

Cite this page

ETFIQ, TECS against XLKX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/tecs-vs-xlkx

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.