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.
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
Key characteristics
ACIC:
0.11
SPXL:
2.00
ACIC:
0.55
SPXL:
2.41
ACIC:
1.07
SPXL:
1.33
ACIC:
0.10
SPXL:
2.75
ACIC:
0.33
SPXL:
11.59
ACIC:
17.74%
SPXL:
6.58%
ACIC:
52.60%
SPXL:
38.08%
ACIC:
-98.73%
SPXL:
-76.86%
ACIC:
-46.91%
SPXL:
-6.23%
Returns By Period
In the year-to-date period, ACIC achieves a -6.48% return, which is significantly lower than SPXL's 4.99% return. Over the past 10 years, ACIC has underperformed SPXL with an annualized return of -4.46%, while SPXL has yielded a comparatively higher 24.54% annualized return.
ACIC
-6.48%
-4.13%
11.40%
9.46%
5.24%
-4.46%
SPXL
4.99%
2.01%
16.10%
65.91%
20.54%
24.54%
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Risk-Adjusted Performance
ACIC vs. SPXL — Risk-Adjusted Performance Rank
ACIC
SPXL
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's dividend yield for the trailing twelve months is around 4.13%, more than SPXL's 0.70% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACIC American Coastal Insurance Corp | 4.13% | 0.00% | 0.00% | 5.66% | 5.53% | 4.20% | 1.90% | 1.44% | 1.39% | 1.52% | 1.17% | 0.73% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.70% | 0.74% | 0.98% | 0.33% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% | 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
The current volatility for American Coastal Insurance Corp (ACIC) is 9.60%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 15.25%. This indicates that ACIC 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.