BRGNX vs. SPXL
Compare and contrast key facts about iShares Russell 1000 Large-Cap Index Fund (BRGNX) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
BRGNX is managed by BlackRock. It was launched on Mar 31, 2011. 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.
Performance
BRGNX vs. SPXL - Performance Comparison
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BRGNX vs. SPXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRGNX iShares Russell 1000 Large-Cap Index Fund | -4.45% | 17.22% | 24.36% | 26.43% | -19.15% | 26.14% | 20.79% | 31.30% | -4.89% | 21.47% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | -14.06% | 31.94% | 63.61% | 69.49% | -56.55% | 98.75% | 9.64% | 102.80% | -25.11% | 71.03% |
Returns By Period
In the year-to-date period, BRGNX achieves a -4.45% return, which is significantly higher than SPXL's -14.06% return. Over the past 10 years, BRGNX has underperformed SPXL with an annualized return of 13.67%, while SPXL has yielded a comparatively higher 25.61% annualized return.
BRGNX
- 1D
- 2.65%
- 1M
- -5.33%
- YTD
- -4.45%
- 6M
- -2.51%
- 1Y
- 16.82%
- 3Y*
- 17.91%
- 5Y*
- 10.87%
- 10Y*
- 13.67%
SPXL
- 1D
- 2.30%
- 1M
- -13.75%
- YTD
- -14.06%
- 6M
- -11.40%
- 1Y
- 34.55%
- 3Y*
- 38.52%
- 5Y*
- 17.51%
- 10Y*
- 25.61%
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BRGNX vs. SPXL - Expense Ratio Comparison
BRGNX has a 0.12% expense ratio, which is lower than SPXL's 1.02% expense ratio.
Return for Risk
BRGNX vs. SPXL — Risk / Return Rank
BRGNX
SPXL
BRGNX vs. SPXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Large-Cap Index Fund (BRGNX) 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.
| BRGNX | SPXL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 0.64 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.22 | +0.23 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.18 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.07 | +0.38 |
Martin ratioReturn relative to average drawdown | 6.98 | 4.25 | +2.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BRGNX | SPXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.64 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.35 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.48 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.48 | +0.26 |
Correlation
The correlation between BRGNX and SPXL is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BRGNX vs. SPXL - Dividend Comparison
BRGNX's dividend yield for the trailing twelve months is around 2.57%, more than SPXL's 0.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRGNX iShares Russell 1000 Large-Cap Index Fund | 2.57% | 2.71% | 1.32% | 1.44% | 1.77% | 1.83% | 1.46% | 2.76% | 2.40% | 2.59% | 3.92% | 5.41% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.78% | 0.69% | 0.74% | 0.98% | 0.32% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% | 0.00% | 0.00% |
Drawdowns
BRGNX vs. SPXL - Drawdown Comparison
The maximum BRGNX drawdown since its inception was -34.59%, smaller than the maximum SPXL drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for BRGNX and SPXL.
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Drawdown Indicators
| BRGNX | SPXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.59% | -76.86% | +42.27% |
Max Drawdown (1Y)Largest decline over 1 year | -12.30% | -33.42% | +21.12% |
Max Drawdown (5Y)Largest decline over 5 years | -25.14% | -63.80% | +38.66% |
Max Drawdown (10Y)Largest decline over 10 years | -34.59% | -76.86% | +42.27% |
Current DrawdownCurrent decline from peak | -6.44% | -18.62% | +12.18% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -15.85% | +11.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 8.42% | -5.86% |
Volatility
BRGNX vs. SPXL - Volatility Comparison
The current volatility for iShares Russell 1000 Large-Cap Index Fund (BRGNX) is 5.24%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 16.04%. This indicates that BRGNX 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
| BRGNX | SPXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 16.04% | -10.80% |
Volatility (6M)Calculated over the trailing 6-month period | 9.55% | 28.52% | -18.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.42% | 54.32% | -35.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 50.26% | -33.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 53.36% | -35.17% |