# TECL (Direxion Daily Technology Bull 3X ETF)

Direxion · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: TECL returned +9.3% where its own daily promise gave +11.8%, 2.5 points short.

## Key facts

- TECL, what XLK did: +5.6%, as of Sep 30, 2026.
- TECL, what 3 times a day gives: +11.8%, as of Sep 30, 2026.
- TECL, what the fund returned: +9.3%, as of Sep 30, 2026.
- TECL, the fund itself cost: −2.5 pts, as of Sep 30, 2026.
- TECL, net assets: $6.6bn (issuer page, as of Sep 30, 2026).
- TECL, expense ratio: 0.87% (485BPOS XBRL, Feb 26, 2026).

## TECL over each window to Sep 30, 2026

| Window | Fund | XLK | +3x the move | Difference | XLK moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +14.5% | +5.1% | +15.2% | −0.7 pts | 18% |
| 3 months | +9.3% | +5.6% | +16.7% | −7.4 pts | 26% |
| 6 months | +158.2% | +45.4% | +136.3% | +21.9 pts | 29% |
| 1 year | +99.3% | +39.6% | +118.8% | −19.5 pts | 26% |
| 3 years | +480.5% | +143.3% | not meaningful over this window | not meaningful over this window | 25% |
| Since launch | +28802.2% | +1992.5% | 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 | +1.68 times, against +3 stated | ETFIQ |
| Underlying | XLK | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $6.6bn | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.87% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 26% annualized | ETFIQ |

## Questions

### Did TECL return +3 times XLK?

Over the window to Sep 30, 2026, XLK moved +5.6% and TECL returned +9.3%. 3 times that move is +16.7%, so the fund came out 7.4 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 30, 2026. https://etfiq.com/funds/tecl
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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