TECL
Direxion Daily Technology Bull 3x Shares
TECL provides 3x leveraged exposure to a market-cap weighted index of US large-cap technology companies.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
3.1 B
ASSETS UNDER MGMT
97 bp
EXPENSES
Fund Basics
| Fund sponsor | Rafferty Asset Management |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 17, 2008 |
| Assets (mns) | $3,120 |
| Expense ratio | 97 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -20.8% | -9.3% | 24.7% | 22.4% | 29.8% | 33.7% | -- | 37.9% |
| Dividend Yield | 0.2% | 0.4% | 0.5% | 0.5% | 0.5% | 0.4% | -- | 2.2% |
| Total Returns | -20.6% | -8.9% | 25.2% | 22.9% | 30.3% | 34.1% | -- | 40.0% | Ann. Volatility | 110.9% | 89.9% | 73.3% | 77.1% | 75.8% | 71.8% | -- | 66.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 3.63 | 80% |
| MSCI EAFE | 2.18 | 30% |
| MSCI Emg Mkts | 1.73 | 19% |
Liquidity Measures
| Avg. volume (000) | 1,384 |
| ADV traded (mns) | $111 |
| Turnover | 3.5% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| Recent close | $80.24 |
| 30d moving avg. | $75.11 |
| Annualized volatility | 68.5% |
| Relative strength (RSI) | 57 |
| Short interest | 2.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| TECL (97 bp) Percentile rank | 94 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| TECL | 97.0 | 2.3 | 99.3 |
| Peer Avg. | 49.0 | 20.1 | 69.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .