BIRK vs. SPXL
BIRK (Birkenstock Holding plc) is a stock, while SPXL (Direxion Daily S&P 500 Bull 3X ETF) is Leveraged Equities fund tracking the S&P 500. Over the past year, BIRK returned -20.88% vs 61.16% for SPXL. Their 0.39 correlation means their historical movements had little consistent relationship.
Performance
BIRK vs. SPXL - Performance Comparison
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Returns By Period
In the year-to-date period, BIRK achieves a -4.94% return, which is significantly lower than SPXL's 27.32% return.
BIRK
- 1D
- 0.41%
- 1M
- -15.46%
- 6M
- 4.63%
- YTD
- -4.94%
- 1Y
- -20.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.87%
SPXL
- 1D
- 4.28%
- 1M
- 4.04%
- 6M
- 21.44%
- YTD
- 27.32%
- 1Y
- 61.16%
- 3Y*
- 46.76%
- 5Y*
- 20.51%
- 10Y*
- 28.68%
- ALL TIME*
- 27.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $53.30M | $57.72M | $97.29M | |
| $489.09M | $455.54M | $538.26M |
BIRK vs. SPXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BIRK Birkenstock Holding plc | -4.94% | -27.82% | 16.27% | 18.85% |
SPXL Direxion Daily S&P 500 Bull 3X ETF | 27.32% | 31.94% | 63.61% | 27.53% |
Correlation
The correlation between BIRK and SPXL is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2023 | 0.39 |
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Return for Risk
BIRK vs. SPXL — Risk / Return Rank
BIRK
SPXL
BIRK vs. SPXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Birkenstock Holding plc (BIRK) and Direxion Daily S&P 500 Bull 3X ETF (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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BIRK | SPXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.03 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.27 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 2.30 | -2.80 |
| Martin ratioReturn relative to average drawdown | -0.93 | 8.79 | -9.72 |
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Drawdowns
BIRK vs. SPXL - Drawdown Comparison
The maximum BIRK drawdown since its inception was -50.94%, 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.
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Drawdown Indicators
| BIRK | SPXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.94% | -76.86% | +25.92% |
Max Drawdown (1Y)Largest decline over 1 year | -41.59% | -26.77% | -14.82% |
Max Drawdown (3Y)Largest decline over 3 years | — | -48.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -63.80% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.86% | — |
Current DrawdownCurrent decline from peak | -38.84% | -2.71% | -36.13% |
Average DrawdownAverage peak-to-trough decline | -20.55% | -16.04% | -4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.47% | 6.98% | +15.49% |
Volatility
BIRK vs. SPXL - Volatility Comparison
The current volatility for Birkenstock Holding plc (BIRK) is 10.87%, while Direxion Daily S&P 500 Bull 3X ETF (SPXL) has a volatility of 11.53%. 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.
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Volatility by Period
| BIRK | SPXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.87% | 11.53% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 40.99% | 30.70% | +10.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.10% | 38.54% | +10.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.57% | 50.67% | -7.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.57% | 53.49% | -9.92% |
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 0.51%.
| Position | TTM | 2025 | 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% | 0.00% |
SPXL Direxion Daily S&P 500 Bull 3X ETF | 0.51% | 0.69% | 0.74% | 0.98% | 0.32% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% |
Frequently Asked Questions
BIRK and SPXL have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPXL has higher volatility (11.53%) compared to BIRK (10.87%). In terms of maximum drawdown, BIRK dropped -50.94% vs SPXL's -76.86%.
SPXL currently has the higher Sharpe Ratio (1.60 vs -0.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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