AXTX vs. SPUU

Last updated Jun 4, 2026

AXTX (Tradr 2X Long AXTI Daily ETF) and SPUU (Direxion Daily S&P 500 Bull 2x Shares) are both Leveraged Equities funds - AXTX tracks the AXT, Inc. (AXTI) while SPUU tracks the S&P 500 Index (200%). Both are passively managed. At a correlation of -0.02, they often move in opposite directions. AXTX charges 1.49%/yr vs 0.64%/yr for SPUU.

Performance

AXTX vs. SPUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long AXTI Daily ETF (AXTX) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AXTX

• 1D: -6.87%
• 1M: -13.86%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPUU

• 1D: -1.27%
• 1M: 10.01%
• YTD: 19.82%
• 6M: 19.11%
• 1Y: 53.61%
• 3Y*: 38.21%
• 5Y*: 20.19%
• 10Y*: 24.77%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AXTX vs. SPUU - Yearly Performance Comparison

	2026 (YTD)
AXTX Tradr 2X Long AXTI Daily ETF	56.16%
SPUU Direxion Daily S&P 500 Bull 2x Shares	11.09%

Correlation

The correlation between AXTX and SPUU is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 27, 2026	-0.02

Return for Risk

AXTX vs. SPUU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPUU

SPUU Risk / Return Rank: 63
SPUU Sharpe Ratio Rank: 67
SPUU Sortino Ratio Rank: 60
SPUU Omega Ratio Rank: 60
SPUU Calmar Ratio Rank: 59
SPUU Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AXTX vs. SPUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long AXTI Daily ETF (AXTX) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AXTX	SPUU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.26	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	22.99	0.63	+22.35

Drawdowns

AXTX vs. SPUU - Drawdown Comparison

The maximum AXTX drawdown since its inception was -48.49%, smaller than the maximum SPUU drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for AXTX and SPUU.

Drawdown Indicators

	AXTX	SPUU	Difference
Max Drawdown Largest peak-to-trough decline	-48.49%	-59.35%	+10.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.19%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-35.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-59.35%	—
Current Drawdown Current decline from peak	-45.02%	-1.27%	-43.75%
Average Drawdown Average peak-to-trough decline	-16.32%	-9.51%	-6.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.12%	—

Volatility

Volatility by Period

	AXTX	SPUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	279.67%	23.90%	+255.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	279.67%	33.46%	+246.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	279.67%	35.77%	+243.90%

AXTX vs. SPUU - Expense Ratio Comparison

AXTX has a 1.49% expense ratio, which is higher than SPUU's 0.64% expense ratio.

Dividends

AXTX vs. SPUU - Dividend Comparison

AXTX has not paid dividends to shareholders, while SPUU's dividend yield for the trailing twelve months is around 1.34%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AXTX Tradr 2X Long AXTI Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPUU Direxion Daily S&P 500 Bull 2x Shares	1.34%	1.63%	0.55%	0.83%	0.88%	3.04%	8.03%	1.80%	5.50%	6.96%	8.08%	4.42%

Frequently Asked Questions

Can I hold both AXTX and SPUU in my portfolio?

AXTX and SPUU have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AXTX or SPUU?

On fees, SPUU is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AXTX or SPUU?

SPUU is cheaper with a 0.64% expense ratio, compared with 1.49% for AXTX.

Which ETF pays a higher dividend yield, AXTX or SPUU?

SPUU has the higher dividend yield at 1.34%, compared with 0.00% for AXTX.

What is the main difference between AXTX and SPUU?

AXTX tracks AXT, Inc. (AXTI), while SPUU tracks S&P 500 Index (200%). They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.49% for AXTX and 0.64% for SPUU.