Correlation
The correlation between CSSPX and SPXL is 0.70, 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.
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.
Performance
CSSPX vs. SPXL - Performance Comparison
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Key characteristics
CSSPX:
0.74
SPXL:
0.30
CSSPX:
1.09
SPXL:
0.71
CSSPX:
1.14
SPXL:
1.10
CSSPX:
0.49
SPXL:
0.26
CSSPX:
1.67
SPXL:
0.82
CSSPX:
6.82%
SPXL:
15.58%
CSSPX:
15.45%
SPXL:
58.28%
CSSPX:
-73.62%
SPXL:
-76.86%
CSSPX:
-11.09%
SPXL:
-19.56%
Returns By Period
In the year-to-date period, CSSPX achieves a 6.27% return, which is significantly higher than SPXL's -9.94% return. Over the past 10 years, CSSPX has underperformed SPXL with an annualized return of 4.39%, while SPXL has yielded a comparatively higher 21.54% annualized return.
CSSPX
6.27%
1.99%
-2.17%
9.54%
0.84%
6.39%
4.39%
SPXL
-9.94%
15.78%
-17.59%
14.59%
21.18%
30.98%
21.54%
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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 Rank
CSSPX
SPXL
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.
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Dividends
CSSPX vs. SPXL - Dividend Comparison
CSSPX's dividend yield for the trailing twelve months is around 2.62%, more than SPXL's 0.89% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
CSSPX Cohen & Steers Global Realty Shares, Inc. | 2.62% | 2.78% | 2.85% | 3.02% | 3.40% | 2.41% | 8.61% | 3.95% | 2.79% | 6.89% | 2.68% | 1.76% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.89% | 0.74% | 0.98% | 0.33% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% | 0.00% | 0.00% | 0.00% |
Drawdowns
CSSPX vs. SPXL - Drawdown Comparison
The maximum CSSPX drawdown since its inception was -73.62%, 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.
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Volatility
CSSPX vs. SPXL - Volatility Comparison
The current volatility for Cohen & Steers Global Realty Shares, Inc. (CSSPX) is 3.86%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 14.30%. 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.
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