Direxion Daily S&P 500 Bull 3X Shares (SPXL)
SPXL is a passive ETF by Direxion tracking the investment results of the S&P 500 Index (300%). SPXL launched on Nov 5, 2008 and has a 1.02% expense ratio.
ETF Info
ISIN | US25459W8626 |
---|---|
CUSIP | 25459W862 |
Issuer | Direxion |
Inception Date | Nov 5, 2008 |
Region | North America (U.S.) |
Category | Leveraged Equities, Leveraged |
Leveraged | 3x |
Index Tracked | S&P 500 Index (300%) |
Home Page | www.direxion.com |
Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
The Direxion Daily S&P 500 Bull 3X Shares has a high expense ratio of 1.02%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Direxion Daily S&P 500 Bull 3X Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Direxion Daily S&P 500 Bull 3X Shares had a return of 29.29% year-to-date (YTD) and 96.14% in the last 12 months. Over the past 10 years, Direxion Daily S&P 500 Bull 3X Shares had an annualized return of 24.31%, outperforming the S&P 500 benchmark which had an annualized return of 10.89%.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 29.29% | 10.16% |
1 month | 9.48% | 3.47% |
6 months | 70.99% | 22.20% |
1 year | 96.14% | 30.45% |
5 years (annualized) | 24.28% | 13.16% |
10 years (annualized) | 24.31% | 10.89% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 3.43% | 14.75% | ||||||||||
2023 | -6.30% | -14.73% | -7.88% | 28.25% | 12.90% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
This table presents risk-adjusted performance metrics for Direxion Daily S&P 500 Bull 3X Shares (SPXL) and compares them with a selected benchmark (^GSPC). These performance indicators assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
Direxion Daily S&P 500 Bull 3X Shares | 3.04 | ||||
S&P 500 | 2.79 |
Dividends
Dividend History
Direxion Daily S&P 500 Bull 3X Shares granted a 0.86% dividend yield in the last twelve months. The annual payout for that period amounted to $1.15 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
---|---|---|---|---|---|---|---|---|
Dividend | $1.15 | $1.02 | $0.20 | $0.16 | $0.16 | $0.56 | $0.34 | $1.72 |
Dividend yield | 0.86% | 0.98% | 0.32% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily S&P 500 Bull 3X Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | ||||||||||
2023 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.30 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 |
2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 |
2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.26 |
2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.21 |
2017 | $1.72 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily S&P 500 Bull 3X Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily S&P 500 Bull 3X Shares was 76.86%, occurring on Mar 23, 2020. Recovery took 202 trading sessions.
The current Direxion Daily S&P 500 Bull 3X Shares drawdown is 6.45%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-76.86% | Feb 20, 2020 | 23 | Mar 23, 2020 | 202 | Jan 8, 2021 | 225 |
-71.32% | Nov 6, 2008 | 83 | Mar 9, 2009 | 132 | Sep 15, 2009 | 215 |
-63.8% | Jan 4, 2022 | 195 | Oct 12, 2022 | — | — | — |
-53.81% | May 2, 2011 | 108 | Oct 3, 2011 | 239 | Sep 13, 2012 | 347 |
-50.17% | Sep 21, 2018 | 65 | Dec 24, 2018 | 137 | Jul 12, 2019 | 202 |
Volatility
Volatility Chart
The current Direxion Daily S&P 500 Bull 3X Shares volatility is 8.29%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.