TECS vs OVT

Comparison between DIREXION DAILY TECHNOLOGY BEAR 3X SHARES (TECS, ETF) and Overlay Shares Short Term Bond ETF (OVT, ETF).

5-Year PerformanceOVT has outperformed TECS, delivering a return of +2.8% compared to -57.5%

TECS vs OVT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TECS(ETF)	OVT(ETF)
Net Assets	$61M	$61M
Expense Ratio	N/A	0.79%
Max Drawdown	100.00%	18.90%
Sharpe Ratio	-1.84	1.23
5Y Beta	0.00	0.16
5Y Dividends CAGR	-38.57%	53.71%

Net Assets

TECS

$61M

OVT

$61M

Expense Ratio

TECS

N/A

OVT

0.79%

Max Drawdown

TECS

100.00%

Winner

OVT

18.90%

Sharpe Ratio

TECS

-1.84

Winner

OVT

1.23

5Y Beta

Winner

TECS

0.00

OVT

0.16

5Y Dividends CAGR

TECS

-38.57%

Winner

OVT

53.71%

TECS vs OVT - Historical Returns

Returns include dividend reinvestment.

Period	TECS	OVT
1 month	-19.15%	-0.08%
3 months	-62.80%	+1.56%
6 months	-59.49%	+2.89%
1 year	-76.31%	+8.13%
5 years(CAGR)	-57.53%	+2.85%
10 years(CAGR)	-62.09%	N/A
Max(CAGR)	-58.18%	+3.00%

TECS

-19.15%

Winner

OVT

-0.08%

TECS

-62.80%

Winner

OVT

+1.56%

TECS

-59.49%

Winner

OVT

+2.89%

TECS

-76.31%

Winner

OVT

+8.13%

5Y(CAGR)

TECS

-57.53%

Winner

OVT

+2.85%

10Y(CAGR)

TECS

-62.09%

OVT

N/A

Max(CAGR)

TECS

-58.18%

Winner

OVT

+3.00%

TECS vs OVT - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	TECS	OVT
2026	-58.76%	+2.34%
2025	-62.71%	+7.71%
2024	-53.32%	+7.94%
2023	-75.19%	+7.69%
2022	+49.15%	-9.59%
2021	-69.43%	+2.08%
2020	-87.10%	N/A
2019	-73.78%	N/A
2018	-16.23%	N/A
2017	-59.70%	N/A
2016	-45.63%	N/A
2015	-31.50%	N/A
2014	-47.59%	N/A
2013	-50.36%	N/A
2012	-39.81%	N/A
2011	-29.65%	N/A
2010	-42.66%	N/A
2009	-84.58%	N/A
2008	-3.03%	N/A

TECS vs OVT Drawdown Comparison

The maximum drawdown for TECS was -100.00%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The maximum drawdown for OVT was -13.59%, occurring on Oct 14, 2022. Recovery took 697 trading sessions.

The current TECS drawdown is -100.00%. The current OVT drawdown is -0.84%.

Rank	TECS	OVT
#1	-100.00% Mar 9, 2009 - Jun 2, 2026	-13.59% Sep 3, 2021 - Jun 13, 2024
#2	-37.50% Jan 20, 2009 - Mar 6, 2009	-3.22% Feb 19, 2025 - Jun 23, 2025
#3	-22.97% Dec 30, 2008 - Jan 14, 2009	-2.08% Dec 6, 2024 - Feb 5, 2025
#4	-5.70% Jan 14, 2009 - Jan 20, 2009	-1.72% Sep 24, 2024 - Dec 4, 2024
#5	N/A	-1.55% Feb 27, 2026 - Apr 17, 2026
#6	N/A	-1.53% Oct 28, 2025 - Nov 26, 2025
#7	N/A	-1.25% May 29, 2026 - Jun 10, 2026
#8	N/A	-1.21% Feb 24, 2021 - Apr 8, 2021
#9	N/A	-0.91% Jan 6, 2026 - Jan 27, 2026
#10	N/A	-0.73% Jul 16, 2024 - Jul 31, 2024
#11	N/A	-0.69% Aug 2, 2024 - Aug 13, 2024
#12	N/A	-0.69% Sep 19, 2025 - Oct 8, 2025
#13	N/A	-0.67% Aug 16, 2021 - Aug 30, 2021
#14	N/A	-0.66% Jan 25, 2021 - Feb 8, 2021
#15	N/A	-0.64% Jun 15, 2021 - Jul 6, 2021

Correlation

Correlation between TECS and OVT is -0.56 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.56

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