ACIC vs. SPXL
Compare and contrast key facts about American Coastal Insurance Corp (ACIC) 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: ACIC or SPXL.
Key characteristics
| ACIC | SPXL | |
|---|---|---|
| YTD Return | 41.75% | 76.86% |
| 1Y Return | 82.45% | 120.37% |
| 3Y Return (Ann) | 40.44% | 10.96% |
| 5Y Return (Ann) | 3.02% | 26.49% |
| 10Y Return (Ann) | -1.63% | 25.05% |
| Sharpe Ratio | 1.16 | 3.57 |
| Sortino Ratio | 2.19 | 3.75 |
| Omega Ratio | 1.29 | 1.53 |
| Calmar Ratio | 1.14 | 3.10 |
| Martin Ratio | 4.54 | 21.63 |
| Ulcer Index | 17.84% | 6.04% |
| Daily Std Dev | 69.64% | 36.36% |
| Max Drawdown | -98.73% | -76.86% |
| Current Drawdown | -43.44% | 0.00% |
Correlation
The correlation between ACIC and SPXL is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ACIC vs. SPXL - Performance Comparison
In the year-to-date period, ACIC achieves a 41.75% return, which is significantly lower than SPXL's 76.86% return. Over the past 10 years, ACIC has underperformed SPXL with an annualized return of -1.63%, while SPXL has yielded a comparatively higher 25.05% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ACIC vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Coastal Insurance Corp (ACIC) 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
ACIC vs. SPXL - Dividend Comparison
ACIC has not paid dividends to shareholders, while SPXL's dividend yield for the trailing twelve months is around 0.67%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACIC American Coastal Insurance Corp | 0.00% | 0.00% | 5.66% | 5.53% | 4.20% | 1.90% | 1.44% | 1.39% | 1.52% | 1.17% | 0.73% | 0.85% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.67% | 0.98% | 0.33% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ACIC vs. SPXL - Drawdown Comparison
The maximum ACIC drawdown since its inception was -98.73%, which is greater than SPXL's maximum drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for ACIC and SPXL. For additional features, visit the drawdowns tool.
Volatility
ACIC vs. SPXL - Volatility Comparison
American Coastal Insurance Corp (ACIC) has a higher volatility of 24.42% compared to Direxion Daily S&P 500 Bull 3X Shares (SPXL) at 11.71%. This indicates that ACIC'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.