# TECL (Direxion Daily Technology Bull 3X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: TECL returned −4.3% where its own daily promise gave −1.7%, 2.6 points short.

## Key facts

- TECL, what XLK did: +1.7%, as of Sep 11, 2026.
- TECL, what +3 times a day gives: −1.7%, as of Sep 11, 2026.
- TECL, what the fund returned: −4.3%, as of Sep 11, 2026.
- TECL, the fund itself cost: −2.6 pts, as of Sep 11, 2026.
- TECL, net assets: $4.7bn (source, as filed for Apr 30, 2026).
- TECL, expense ratio: 0.87% (485BPOS XBRL, Feb 26, 2026).

## TECL over each window to Sep 11, 2026

| Window | Fund | XLK | +3x the move | Difference | XLK moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −3.8% | −0.6% | −1.9% | −1.9 pts | 20% |
| 3 months | −4.3% | +1.7% | +5.0% | −9.3 pts | 30% |
| 6 months | +115.5% | +37.5% | +112.6% | +3.0 pts | 30% |
| 1 year | +98.1% | +39.2% | +117.6% | −19.5 pts | 26% |
| 3 years | +354.0% | +124.5% | not meaningful over this window | not meaningful over this window | 25% |
| Since launch | +25453.5% | +1903.8% | not meaningful over this window | not meaningful over this window | 22% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +3 times the daily move of XLK, reset daily | ETFIQ |
| Multiple a holder actually got over the window | XLK moved +1.7% over this window, too little to read a multiple from | ETFIQ |
| Underlying | XLK | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $4.7bn | source, as filed for Apr 30, 2026 |
| Expense ratio | 0.87% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 30% annualized | ETFIQ |

## Questions

### Did TECL return +3 times XLK?

Over the window to Sep 11, 2026, XLK moved +1.7% and TECL returned −4.3%. 3 times that move is +5.0%, so the fund came out 9.3 points short of it.

### Why does TECL not return +3 times over a year?

Because it resets daily. TECL aims at +3 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +3 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, TECL, data as of Sep 11, 2026. https://etfiq.com/funds/TECL
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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