TECL ETF — Direxion Daily Technology Bull 3X Shares

Direxion Daily Technology Bull 3X Shares (TECL)

TECL is an ETF that tracks the Technology Select Sector Index. As of August 19, 2026, its distribution rate is 0.41%, its trailing-12-month yield is 4.13%, its expense ratio is 0.87%. Dividend Vision Distribution Safety Score™ is 48/100 (Caution). Fund total return is 76540.1% over the past 17.7 years, 73629.8 points ahead of XLK at 2910.3%.

At the current 0.41% distribution rate, a $10,000 investment would generate approximately $41 per year, or $3.42 per month on an equivalent basis. Actual quarterly payments vary.

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

Data as of August 19, 2026.

Fund total return is 76540.1% over the past 17.7 years, 73629.8 points ahead of XLK at 2910.3%. Its deepest 1-year drawdown was 46.6%.

TECL key facts

Data as of August 19, 2026.

Distribution Safety Score™

48 · 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

0.41%

Distribution frequency

Quarterly

Trailing yield

4.13%

Last close

$202.10

AUM

$6,370,440,055

Average volume

764268.0

Last dividend

$0.2090

Ex-dividend date

06/23/2026

Payment date

06/30/2026

Beta

4.96

P/E ratio

39.209

How Dividend Vision calculates yield and returns

Distribution rate (0.41%) 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 (4.13%) 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. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: Direxion fund 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 funds from Direxion.