Dividend comparison
QLD vs TECL: Which Is Better?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for ProShares - Ultra QQQ and Direxion Daily Technology Bull 3X ETF, side by side. Updated October 21, 2026.
QLD vs TECL: key differences
The short answer, from the latest data on this page.
- Fees. TECL is cheaper at 0.94% a year versus 0.96% for QLD. On $10,000 that is $2 a year less in fees.
- Income. TECL pays more income, yielding 4.40% over the last twelve months versus 0.14% for QLD. That is about $426 more a year on $10,000. QLD pays semi-annual, TECL pays quarterly.
- Performance. Over the last 5 years, TECL returned 214.6% versus 126.7% for QLD, with dividends reinvested. $10,000 would have grown to $31,457 in TECL and $22,668 in QLD.
- Risk. TECL has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -78.0%, against -63.7% for QLD.
- Diversification. QLD holds 121 positions and TECL holds 80. The ten largest positions make up 40.8% of QLD and 43.4% of TECL.
- Overlap. At least 38% of the two portfolios overlap by weight, across 36 shared holdings.
- Dividend growth. TECL grew its yearly payout 134.6% a year over the last 3 years, versus 29.2% for QLD.
- Size. QLD is the larger fund with $14.5 billion in assets, against $5.6 billion for TECL.
Bottom line: QLD fits better if you care most about smaller drawdowns and broader diversification. TECL fits better if you care most about lower fees, more income today, stronger 5-year returns and faster dividend growth.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | QLD ProShares - Ultra QQQ | TECL Direxion Daily Technology Bull 3X ETF |
|---|---|---|
| Dividend yield (TTM) | 0.14% | 4.40% |
| Dividend / share (TTM) | $0.12 | $8.56 |
| Payout frequency | Semi-annual | Quarterly |
| Last dividend | $0.0271 on Sep 29, 2026 | $0.2093 on Sep 29, 2026 |
| Ex-dividend date | Sep 23, 2026 | Sep 22, 2026 |
| Dividend growth (CAGR) | 29.2% over 3 yrs | 134.6% over 4 yrs |
| Price | $89.54 | $194.53 |
| Dividend growth streak | — | 3 years |
| Beta | 2.46 | 4.86 |
| Max drawdown (5Y) | -63.7% | -78.0% |
| Market cap | $10.70B | $7.27B |
| Exchange | AMEX | AMEX |
| Expense ratio | 0.96% | 0.94% |
| Assets under management | $14.46B | $5.56B |
| Number of holdings | 121 | 80 |
| Top 10 concentration | 40.8% | 43.4% |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
QLD
$1.15/mo
$14 /yr at 0.14% yield
TECL
$36.67/mo
$440 /yr at 4.40% yield
Dividend history
Total dividends paid per share in each calendar year. QLD pays semi-annual; TECL pays quarterly.
| Year | QLD | TECL |
|---|---|---|
| 2025 | $0.1178 | $8.4468 |
| 2024 | $0.1371 | $0.2609 |
| 2023 | $0.1271 | $0.1876 |
| 2022 | $0.0546 | $0.0492 |
| 2021 | — | $0.2790 |
Strategy: Leveraged
Funds that use swaps and futures to deliver two or three times the daily return of an index. The multiple resets every day, so over longer periods the result can differ sharply from simply multiplying the index return, especially when the market is choppy. They are built as short-term trading tools.
Daily rebalancing causes decay in sideways or volatile markets, and a large one-day drop can wipe out most of the fund's value.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $22,668 in QLD and $31,457 in TECL.
| Period | QLD | TECL |
|---|---|---|
| 1 month | -1.57% | -7.90% |
| 3 months | 4.12% | 9.47% |
| Year to date | 27.33% | 66.04% |
| 1 year | 26.67% | 58.58% |
| 3 years | 211.88% | 391.61% |
| 5 years | 126.68% | 214.57% |
- QLD
- TECL
Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- QLD
- TECL
QLD vs TECL holdings overlap
At least 38% overlap by weight, with 36 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
| Largest shared holdings | QLD weight | TECL weight |
|---|---|---|
| NVDANVIDIA CORP | 5.69% | 10.31% |
| AAPLAPPLE INC | 5.45% | 9.83% |
| MSFTMICROSOFT CORP | 4.31% | 7.78% |
| MUMICRON TECHNOLOGY INC | 3.07% | 2.66% |
| AMDADVANCED MICRO DEVICES | 2.64% | 3.12% |
| AVGOBROADCOM INC | 1.73% | 3.13% |
| INTCINTEL CORP | 1.45% | 1.82% |
| PLTRPALANTIR TECHNOLOGIES INC-A | 1.34% | 1.78% |
| CSCOCISCO SYSTEMS INC | 1.26% | 1.67% |
| LRCXLAM RESEARCH CORP | 1.02% | 1.35% |
Top 10 holdings
Largest positions by portfolio weight.
QLD121 holdings total
Quick verdict
QLD fits better if you care most about smaller drawdowns and broader diversification. TECL fits better if you care most about lower fees, more income today, stronger 5-year returns and faster dividend growth. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how QLD vs TECL fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is QLD or TECL better for dividend income?
It depends on your goals. QLD currently yields 0.14% Trailing Twelve Months (TTM) while TECL yields 4.40%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between QLD and TECL?
ProShares - Ultra QQQ (QLD) is an ETF listed on AMEX. Direxion Daily Technology Bull 3X ETF (TECL) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, QLD or TECL?
TECL has the lower expense ratio. QLD charges 0.96% a year and TECL charges 0.94%, a difference of $2 a year on a $10,000 investment.
Which has performed better, QLD or TECL?
Over the last 5 years, TECL has the higher total return with dividends reinvested: QLD returned 126.7% and TECL returned 214.6%. Past performance does not predict future returns.
Which is riskier, QLD or TECL?
Measured by the worst peak-to-trough decline over the last five years, TECL has been riskier: QLD fell as much as 63.7% and TECL as much as 78.0%. Their betas are 2.46 and 4.86.
How much do QLD and TECL overlap?
At least 38% of the two portfolios overlap by weight, across 36 shared holdings. The largest shared positions are NVDA, AAPL, MSFT. Holding both still adds meaningful diversification.
How often do QLD and TECL pay dividends?
QLD pays semi-annual and TECL pays quarterly.
How much income does $10,000 in QLD vs TECL generate?
At current TTM yields, $10,000 in QLD would generate roughly $1.15 per month ($14 annually). The same amount in TECL would produce about $36.67 per month ($440 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both QLD and TECL?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare QLD vs TECL with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how QLD and TECL fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.