^DJI vs. SPXL
Compare and contrast key facts about Dow Jones Industrial Average (^DJI) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
SPXL is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (300%). It was launched on Nov 5, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^DJI or SPXL.
Correlation
The correlation between ^DJI and SPXL is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^DJI vs. SPXL - Performance Comparison
Key characteristics
^DJI:
1.06
SPXL:
1.42
^DJI:
1.56
SPXL:
1.87
^DJI:
1.20
SPXL:
1.25
^DJI:
1.83
SPXL:
2.21
^DJI:
4.92
SPXL:
8.07
^DJI:
2.53%
SPXL:
6.66%
^DJI:
11.75%
SPXL:
38.04%
^DJI:
-53.78%
SPXL:
-76.86%
^DJI:
-3.52%
SPXL:
-6.41%
Returns By Period
In the year-to-date period, ^DJI achieves a 2.08% return, which is significantly lower than SPXL's 4.78% return. Over the past 10 years, ^DJI has underperformed SPXL with an annualized return of 9.10%, while SPXL has yielded a comparatively higher 23.34% annualized return.
^DJI
2.08%
-1.65%
5.47%
11.16%
8.43%
9.10%
SPXL
4.78%
-4.35%
14.11%
44.46%
20.23%
23.34%
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Risk-Adjusted Performance
^DJI vs. SPXL — Risk-Adjusted Performance Rank
^DJI
SPXL
^DJI vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Industrial Average (^DJI) and Direxion Daily S&P 500 Bull 3X Shares (SPXL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
^DJI vs. SPXL - Drawdown Comparison
The maximum ^DJI drawdown since its inception was -53.78%, smaller than the maximum SPXL drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for ^DJI and SPXL. For additional features, visit the drawdowns tool.
Volatility
^DJI vs. SPXL - Volatility Comparison
The current volatility for Dow Jones Industrial Average (^DJI) is 3.08%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 10.07%. This indicates that ^DJI experiences smaller price fluctuations and is considered to be less risky than SPXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.