TECL ETF — Direxion Daily Technology Bull 3X Shares

Direxion Daily Technology Bull 3X Shares (TECL)

Updated October 2, 2026.

TECL is an ETF that tracks the Technology Select Sector Index. its distribution rate is 0.34%, its trailing-12-month yield is 3.47%, its expense ratio is 0.87%. Dividend Vision Distribution Safety Score™ is 58/100 (Caution). Total return is 93411.8% over the past 17.8 years, 90267.6 points ahead of XLK at 3144.2%.

At the current 0.34% distribution rate, a $10,000 investment would generate approximately $34 per year, or about $8.50 per quarter if the next payment matches the last regular one.

Direxion Daily Technology Bull 3X Shares is an ETF that seeks daily investment results of 300% of the performance of the Technology Select Sector Index, using leverage through swap agreements and related financial instruments to amplify exposure to domestic technology sector stocks. The fund carries a modest distribution rate, pays distributions quarterly, and has an expense ratio of 0.87%. This leveraged fund appeals to traders and active investors seeking amplified short-term exposure to technology sector movements, though the daily reset mechanism means it is not designed for buy-and-hold strategies.

TECL performance versus XLK

Price and return data through 2026-10-02.

Total return is 93411.8% over the past 17.8 years, 90267.6 points ahead of XLK at 3144.2%. Over the past year its total return — price change plus distributions reinvested — is 101.9%. Its deepest 1-year drawdown was 46.6%.

TECL key facts

Distribution Safety Score™

58 · Caution

Safety-Adjusted Yield

0.20%

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

12/17/2008

Expense ratio

0.87%

Distribution rate

0.34%

Distribution frequency

Quarterly

Trailing yield

3.47%

Last close

$246.31 (as of 2026-10-02)

AUM

$6,671,644,513

Average volume

568600.0

Last dividend

$0.209

Last ex-dividend date

09/22/2026

Last payment date

09/29/2026 (as of 2026-09-29)

Beta

5.0

P/E ratio

38.8772

How Dividend Vision calculates yield and returns

Distribution rate (0.34%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (3.47%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Direxion or company page; Index: Technology Select Sector Index; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

TECL risks and drawbacks

TECL's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 46.6%.

Who may consider TECL — and who may not

It is a weaker fit for investors who need monthly cash flow (TECL pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Compare TECL

TECL vs similar funds:

• TECL vs TQQQ

Frequently asked questions

More securities from Direxion.