TECS

Direxion Daily Technology Bear 3X Shares
*Unless otherwise stated, data provided by FactSet.

TECS Fund Description

TECS provides 3x leveraged inverse exposure to a market-cap-weighted index of US large-cap technology companies.

TECS Factset Analytics Insight

TECS offers investors a means of playing out their bearish bets on the technology sector. The fund provides -3x exposure to the S&P Technology Select Sector Index—a market-cap-weighted index of US tech companies selected from the S&P 500. TECS tracks the exact same index as XLK—the Technology Select Sector SPDR ETF. That makes it a narrow bet against the highly concentrated tech sector, with Microsoft, Apple, and Alphabet comprising a huge fraction of the index. Unlike XLK, TECS is designed to be a short-term trading vehicle—not a long-term investment. TECS rebalances its exposure on a daily basis. As a result, the fund's long-term returns are difficult to predict due to compounding and path dependency. As a result, most traders will be willing to overlook the fund's steep fee. TECS trades reasonably well, with decent daily volume and modest spreads.

TECS CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 03/15/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
TECS -14.14% -37.37% -41.61% -35.11% -51.56% -47.60% -52.45%
TECS (NAV) -14.15% -37.35% -41.67% -35.08% -51.54% -47.61% --
S&P Technology Select Sector Index 5.21% 13.95% 18.20% 6.45% 21.50% 17.68% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

TECS Summary Data

Direxion
12/17/08
Open-Ended Fund
1.10%
$44.44M
0.07%

TECS Portfolio Data

1.23%
03/19/19

TECS Index Data

Market Cap
Committee
N/A

TECS Fund Structure

Yes
No
No Policy
N/A
N/A
Medium
-3
Daily

TECS Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

TECS Factset Analytics Block Liquidity

As of 03/18/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of TECS. TECS is rated a 5 out of 5.

TECS Tradability

393,910
$8.04M
343,194
$7.22M
0.07%
$0.01
-0.01%
0.28% / -0.92%
None
0.00%
50,000
6.86
0.00%
--
14,929
$16.15
5