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 0.36, 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:
0.66
SPXL:
2.04
BIRK:
1.14
SPXL:
2.45
BIRK:
1.15
SPXL:
1.34
BIRK:
0.86
SPXL:
2.41
BIRK:
1.78
SPXL:
12.24
BIRK:
14.91%
SPXL:
6.18%
BIRK:
39.93%
SPXL:
37.04%
BIRK:
-30.97%
SPXL:
-76.86%
BIRK:
-4.99%
SPXL:
-8.08%
Returns By Period
In the year-to-date period, BIRK achieves a 23.95% return, which is significantly lower than SPXL's 68.38% return.
BIRK
23.95%
30.65%
-1.74%
29.06%
N/A
N/A
SPXL
68.38%
-1.82%
18.95%
69.76%
22.17%
23.67%
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Risk-Adjusted Performance
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 0.53%.
| TTM | 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% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.53% | 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
The current volatility for Birkenstock Holding plc (BIRK) is 8.64%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 11.49%. This indicates that BIRK 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.