CSSPX vs. SPXL
Compare and contrast key facts about Cohen & Steers Global Realty Shares, Inc. (CSSPX) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
CSSPX is managed by T. Rowe Price. It was launched on May 7, 1997. 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: CSSPX or SPXL.
Key characteristics
CSSPX | SPXL | |
---|---|---|
YTD Return | -6.61% | 12.49% |
1Y Return | -1.39% | 56.06% |
3Y Return (Ann) | -5.10% | 6.43% |
5Y Return (Ann) | 0.57% | 18.89% |
10Y Return (Ann) | 3.78% | 22.46% |
Sharpe Ratio | -0.13 | 1.60 |
Daily Std Dev | 15.87% | 34.71% |
Max Drawdown | -73.64% | -76.86% |
Current Drawdown | -23.64% | -18.60% |
Correlation
The correlation between CSSPX and SPXL is 0.72, 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.
Performance
CSSPX vs. SPXL - Performance Comparison
In the year-to-date period, CSSPX achieves a -6.61% return, which is significantly lower than SPXL's 12.49% return. Over the past 10 years, CSSPX has underperformed SPXL with an annualized return of 3.78%, while SPXL has yielded a comparatively higher 22.46% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CSSPX vs. SPXL - Expense Ratio Comparison
CSSPX has a 0.90% expense ratio, which is lower than SPXL's 1.02% expense ratio.
Risk-Adjusted Performance
CSSPX vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Global Realty Shares, Inc. (CSSPX) 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
CSSPX vs. SPXL - Dividend Comparison
CSSPX's dividend yield for the trailing twelve months is around 3.05%, more than SPXL's 0.99% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Cohen & Steers Global Realty Shares, Inc. | 3.05% | 2.85% | 3.02% | 3.21% | 2.41% | 8.32% | 3.95% | 2.79% | 6.89% | 2.68% | 1.75% | 2.12% |
Direxion Daily S&P 500 Bull 3X Shares | 0.99% | 0.98% | 0.32% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CSSPX vs. SPXL - Drawdown Comparison
The maximum CSSPX drawdown since its inception was -73.64%, roughly equal to the maximum SPXL drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for CSSPX and SPXL. For additional features, visit the drawdowns tool.
Volatility
CSSPX vs. SPXL - Volatility Comparison
The current volatility for Cohen & Steers Global Realty Shares, Inc. (CSSPX) is 4.75%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 11.64%. This indicates that CSSPX 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.