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ETFs

Direxion Daily Technology Bull 3x Shares

TECL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 17 2008
Expense Ratio
0.92%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$118,574,913
AUM
$2,048,201,726
Associated Index
Technology Select Sector Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AAPL
Apple Inc
6.05%
MSFT
Microsoft Corporation
5.85%
n/a
GOLDMAN FINL SQ TRSRY INST 506
3.25%
n/a
DREYFUS GOVT CASH MAN INS
2.67%
NVDA
NVIDIA Corp
1.10%
AVGO
Broadcom Inc
1.10%
n/a
DREYFUS TRSRY SECURITIES CASH MGMT
0.95%
ADBE
Adobe Inc
0.75%
CSCO
Cisco Systems, Inc.
0.70%
CRM
Salesforce Inc
0.64%
Invest with TECL

What is TECL?

The Direxion Daily Technology Bull & Bear 3x Shares seek daily investment results, before fees and expenses, of 300% or 300% of the inverse (or opposite) of the performance of the S&P Technology Select Sector Index. There is no guarantee the funds will meet their stated investment objectives. The Index is calculated by the using a modified market capitalization methodology, which is a hybrid between equal weighting and conventional capitalization weighting with the weighting capped for the largest stocks included in the Index. Each stock in the S&P 500 Index is allocated to one and only one of the Select Sector Indexes & each of the component securities in the Index is a constituent company of the S&P 500.

ETFs related toTECL

ETFs correlated to TECL include XLK, VGT, FTEC

TECL
Direxion Shares ETF Trust - Direxion Daily Technology Bull 3X Shares
XLK
SSgA Active Trust - Technology Select Sector SPDR ETF
VGT
Vanguard Group, Inc. - Vanguard Information Technology ETF
FTEC
Fidelity Covington Trust - Fidelity MSCI Information Technology Index ETF
IXN
BlackRock Institutional Trust Company N.A. - iShares Global Tech ETF
ROM
ProShares Trust - ProShares Ultra Technology 2x Shares
IYW
BlackRock Institutional Trust Company N.A. - iShares U.S. Technology ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
QLD
ProShares Trust - ProShares Ultra QQQ 2x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toTECL

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with TECL using Composer

FAQ

TECL is a US Equities ETF. The Direxion Daily Technology Bull & Bear 3x Shares seek daily investment results, before fees and expenses, of 300% or 300% of the inverse (or opposite) of the performance of the S&P Technology Select Sector Index. There is no guarantee the funds will meet their stated investment objectives. The Index is calculated by the using a modified market capitalization methodology, which is a hybrid between equal weighting and conventional capitalization weighting with the weighting capped for the largest stocks included in the Index. Each stock in the S&P 500 Index is allocated to one and only one of the Select Sector Indexes & each of the component securities in the Index is a constituent company of the S&P 500.

TECL tracks the Technology Select Sector Index.

No, TECL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, TECL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on TECL is -0.0465%. This is the percent change in the value of TECL over the most recent 1-month period. The 3-month return on TECL is -0.0879%. This is the percent change in the value of TECL over the most recent 3-month period.

The standard deviation of TECL for the past year is 0.7377%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to TECL include SSO, UPRO, and SOXL.

ETFs correlated to TECL include XLK, VGT, and FTEC.

ETFs that are inversely correlated to TECL include TECS, SQQQ, and QID.

Yes, TECL is a Leveraged (3x) ETF: This means that TECL will try to match the performance of Technology Select Sector Index, but with 3x the returns.

Yes, TECL is a Leveraged (3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Technology Select Sector Index, but move 3x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.