BIRK vs. SPXL
Compare and contrast key facts about Birkenstock Holding plc (BIRK) 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: BIRK or SPXL.
Correlation
The correlation between BIRK and SPXL is 0.38, 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
BIRK vs. SPXL - Performance Comparison
Key characteristics
BIRK:
0.26
SPXL:
1.56
BIRK:
0.62
SPXL:
2.02
BIRK:
1.08
SPXL:
1.27
BIRK:
0.32
SPXL:
2.42
BIRK:
0.65
SPXL:
8.85
BIRK:
15.20%
SPXL:
6.65%
BIRK:
37.97%
SPXL:
37.68%
BIRK:
-30.97%
SPXL:
-76.86%
BIRK:
-13.97%
SPXL:
-0.06%
Returns By Period
In the year-to-date period, BIRK achieves a -3.48% return, which is significantly lower than SPXL's 11.89% return.
BIRK
-3.48%
-8.74%
-13.23%
11.07%
N/A
N/A
SPXL
11.89%
6.57%
22.53%
64.17%
21.86%
24.25%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
BIRK vs. SPXL — Risk-Adjusted Performance Rank
BIRK
SPXL
BIRK vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Birkenstock Holding plc (BIRK) 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
BIRK vs. SPXL - Dividend Comparison
BIRK has not paid dividends to shareholders, while SPXL's dividend yield for the trailing twelve months is around 0.66%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
BIRK Birkenstock Holding plc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.66% | 0.74% | 0.98% | 0.33% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% |
Drawdowns
BIRK vs. SPXL - Drawdown Comparison
The maximum BIRK drawdown since its inception was -30.97%, smaller than the maximum SPXL drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for BIRK and SPXL. For additional features, visit the drawdowns tool.
Volatility
BIRK vs. SPXL - Volatility Comparison
Birkenstock Holding plc (BIRK) has a higher volatility of 11.37% compared to Direxion Daily S&P 500 Bull 3X Shares (SPXL) at 8.92%. This indicates that BIRK'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.