AAPX vs. SPXL
Compare and contrast key facts about T-Rex 2X Long Apple Daily Target ETF (AAPX) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
AAPX and SPXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAPX is an actively managed fund by T-Rex. It was launched on Jan 10, 2024. 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: AAPX or SPXL.
Correlation
The correlation between AAPX and SPXL is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
AAPX vs. SPXL - Performance Comparison
Key characteristics
AAPX:
0.36
SPXL:
1.93
AAPX:
0.82
SPXL:
2.34
AAPX:
1.10
SPXL:
1.32
AAPX:
0.52
SPXL:
2.91
AAPX:
1.15
SPXL:
11.09
AAPX:
14.41%
SPXL:
6.59%
AAPX:
46.09%
SPXL:
38.04%
AAPX:
-31.43%
SPXL:
-76.86%
AAPX:
-26.52%
SPXL:
-2.16%
Returns By Period
In the year-to-date period, AAPX achieves a -21.19% return, which is significantly lower than SPXL's 9.54% return.
AAPX
-21.19%
-24.07%
-2.45%
12.33%
N/A
N/A
SPXL
9.54%
4.34%
30.61%
70.60%
22.19%
25.05%
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AAPX vs. SPXL - Expense Ratio Comparison
AAPX has a 1.05% expense ratio, which is higher than SPXL's 1.02% expense ratio.
Risk-Adjusted Performance
AAPX vs. SPXL — Risk-Adjusted Performance Rank
AAPX
SPXL
AAPX vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Apple Daily Target ETF (AAPX) 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.
Dividends
AAPX vs. SPXL - Dividend Comparison
AAPX's dividend yield for the trailing twelve months is around 27.22%, more than SPXL's 0.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
AAPX T-Rex 2X Long Apple Daily Target ETF | 27.22% | 21.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.67% | 0.74% | 0.98% | 0.33% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% |
Drawdowns
AAPX vs. SPXL - Drawdown Comparison
The maximum AAPX drawdown since its inception was -31.43%, smaller than the maximum SPXL drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for AAPX and SPXL. For additional features, visit the drawdowns tool.
Volatility
AAPX vs. SPXL - Volatility Comparison
T-Rex 2X Long Apple Daily Target ETF (AAPX) has a higher volatility of 15.24% compared to Direxion Daily S&P 500 Bull 3X Shares (SPXL) at 12.14%. This indicates that AAPX's price experiences larger fluctuations and is considered to be riskier than SPXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.