CSSPX vs. SPXL

Last updated Jun 23, 2026

CSSPX (Cohen & Steers Global Realty Shares, Inc.) and SPXL (Direxion Daily S&P 500 Bull 3X ETF) are both funds - CSSPX is a REIT fund managed by T. Rowe Price, while SPXL is a Leveraged Equities fund tracking the S&P 500. Over the past 10 years, CSSPX returned 5.08%/yr vs 30.87%/yr for SPXL. A 0.63 correlation means they provide meaningful diversification when combined. CSSPX charges 0.90%/yr vs 0.84%/yr for SPXL.

Performance

CSSPX vs. SPXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cohen & Steers Global Realty Shares, Inc. (CSSPX) and Direxion Daily S&P 500 Bull 3X ETF (SPXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSSPX achieves a 7.35% return, which is significantly lower than SPXL's 22.70% return. Over the past 10 years, CSSPX has underperformed SPXL with an annualized return of 5.08%, while SPXL has yielded a comparatively higher 30.87% annualized return.

CSSPX

• 1D: 0.00%
• 1M: -1.79%
• YTD: 7.35%
• 6M: 8.03%
• 1Y: 10.72%
• 3Y*: 8.36%
• 5Y*: 1.68%
• 10Y*: 5.08%

SPXL

• 1D: -0.94%
• 1M: -1.11%
• YTD: 22.70%
• 6M: 20.82%
• 1Y: 75.56%
• 3Y*: 48.64%
• 5Y*: 22.24%
• 10Y*: 30.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CSSPX vs. SPXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSSPX Cohen & Steers Global Realty Shares, Inc.	7.35%	10.61%	0.84%	10.75%	-25.08%	26.46%	-2.35%	24.80%	-3.86%	12.95%
SPXL Direxion Daily S&P 500 Bull 3X ETF	22.70%	31.94%	63.61%	69.49%	-56.55%	98.75%	9.64%	102.80%	-25.11%	71.03%

Correlation

The correlation between CSSPX and SPXL is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.63

Over the past year, the correlation between CSSPX and SPXL has dropped to 0.38 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.

Return for Risk

CSSPX vs. SPXL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CSSPX

CSSPX Risk / Return Rank: 12
CSSPX Sharpe Ratio Rank: 12
CSSPX Sortino Ratio Rank: 11
CSSPX Omega Ratio Rank: 12
CSSPX Calmar Ratio Rank: 12
CSSPX Martin Ratio Rank: 15

SPXL

SPXL Risk / Return Rank: 59
SPXL Sharpe Ratio Rank: 64
SPXL Sortino Ratio Rank: 53
SPXL Omega Ratio Rank: 55
SPXL Calmar Ratio Rank: 59
SPXL Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CSSPX vs. SPXL - Risk-Adjusted Trends 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 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.

	CSSPX	SPXL	Difference
Sharpe ratio: Return per unit of total volatility	0.88	2.05	-1.16
Sortino ratio: Return per unit of downside risk	1.27	2.49	-1.22
Omega ratio: Gain probability vs. loss probability	1.16	1.33	-0.17
Calmar ratio: Return relative to maximum drawdown	1.05	2.84	-1.78
Martin ratio: Return relative to average drawdown	3.88	11.62	-7.74

CSSPX vs. SPXL - Sharpe Ratio Comparison

The current CSSPX Sharpe Ratio is 0.88, which is lower than the SPXL Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of CSSPX and SPXL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CSSPX vs. SPXL - Drawdown Comparison

The maximum CSSPX drawdown since its inception was -40.47%, smaller than the maximum SPXL drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for CSSPX and SPXL.

Drawdown Indicators

	CSSPX	SPXL	Difference
Max Drawdown Largest peak-to-trough decline	-40.47%	-76.86%	+36.39%
Max Drawdown (1Y) Largest decline over 1 year	-10.05%	-26.77%	+16.72%
Max Drawdown (3Y) Largest decline over 3 years	-18.16%	-48.95%	+30.79%
Max Drawdown (5Y) Largest decline over 5 years	-32.72%	-63.80%	+31.08%
Max Drawdown (10Y) Largest decline over 10 years	-40.47%	-76.86%	+36.39%
Current Drawdown Current decline from peak	-3.40%	-6.24%	+2.84%
Average Drawdown Average peak-to-trough decline	-8.36%	-16.10%	+7.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	6.52%	-3.80%

Volatility

CSSPX vs. SPXL - Volatility Comparison

The current volatility for Cohen & Steers Global Realty Shares, Inc. (CSSPX) is 4.09%, while Direxion Daily S&P 500 Bull 3X ETF (SPXL) has a volatility of 13.99%. 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.

Volatility by Period

	CSSPX	SPXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	13.99%	-9.90%
Volatility (6M) Calculated over the trailing 6-month period	9.31%	29.23%	-19.92%
Volatility (1Y) Calculated over the trailing 1-year period	12.00%	37.20%	-25.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.96%	50.50%	-34.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.04%	53.56%	-36.52%

CSSPX vs. SPXL - Expense Ratio Comparison

CSSPX has a 0.90% expense ratio, which is higher than SPXL's 0.84% expense ratio.

Dividends

CSSPX vs. SPXL - Dividend Comparison

CSSPX's dividend yield for the trailing twelve months is around 3.22%, more than SPXL's 0.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSSPX Cohen & Steers Global Realty Shares, Inc.	3.22%	3.46%	2.78%	2.85%	3.02%	3.21%	2.41%	8.61%	3.95%	2.79%	6.89%	2.68%
SPXL Direxion Daily S&P 500 Bull 3X ETF	0.55%	0.69%	0.74%	0.98%	0.32%	0.11%	0.22%	0.84%	1.02%	3.88%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CSSPX and SPXL in my portfolio?

CSSPX and SPXL have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSSPX or SPXL?

SPXL has higher volatility (13.99%) compared to CSSPX (4.09%). In terms of maximum drawdown, CSSPX dropped -40.47% vs SPXL's -76.86%.

Which has better risk-adjusted returns?

SPXL currently has the higher Sharpe Ratio (2.05 vs 0.88), 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.