DK vs. SPXL
DK (Delek US Holdings, Inc.) 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 10 years, DK returned 22.20%/yr vs 28.61%/yr for SPXL. Their 0.38 correlation means their historical movements had little consistent relationship.
Performance
DK vs. SPXL - Performance Comparison
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Returns By Period
In the year-to-date period, DK achieves a 131.64% return, which is significantly higher than SPXL's 22.10% return. Over the past 10 years, DK has underperformed SPXL with an annualized return of 22.20%, while SPXL has yielded a comparatively higher 28.61% annualized return.
DK
- 1D
- 0.24%
- 1M
- 29.01%
- 6M
- 132.81%
- YTD
- 131.64%
- 1Y
- 236.99%
- 3Y*
- 40.71%
- 5Y*
- 35.79%
- 10Y*
- 22.20%
- ALL TIME*
- 10.39%
SPXL
- 1D
- 2.01%
- 1M
- -0.23%
- 6M
- 18.15%
- YTD
- 22.10%
- 1Y
- 54.55%
- 3Y*
- 41.56%
- 5Y*
- 19.59%
- 10Y*
- 28.61%
- ALL TIME*
- 27.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $75.45M | $71.84M | $61.34M | |
| $473.70M | $462.79M | $534.56M |
DK vs. SPXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DK Delek US Holdings, Inc. | 131.64% | 68.73% | -24.98% | -0.78% | 84.03% | -6.72% | -49.56% | 6.57% | -4.90% | 48.75% |
SPXL Direxion Daily S&P 500 Bull 3X ETF | 22.10% | 31.94% | 63.61% | 69.49% | -56.55% | 98.75% | 9.64% | 102.80% | -25.11% | 71.03% |
Correlation
The correlation between DK and SPXL is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2008 | 0.38 |
The correlation between DK and SPXL shifts across timeframes, from -0.09 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DK vs. SPXL — Risk / Return Rank
DK
SPXL
DK vs. SPXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Delek US Holdings, Inc. (DK) 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.
| DK | SPXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.22 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 5.95 | 1.76 | +4.19 |
| Martin ratioReturn relative to average drawdown | 16.14 | 6.74 | +9.40 |
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Drawdowns
DK vs. SPXL - Drawdown Comparison
The maximum DK drawdown since its inception was -86.89%, which is greater than SPXL's maximum drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for DK and SPXL.
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Drawdown Indicators
| DK | SPXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.89% | -76.86% | -10.03% |
Max Drawdown (1Y)Largest decline over 1 year | -36.02% | -26.77% | -9.25% |
Max Drawdown (3Y)Largest decline over 3 years | -63.60% | -48.95% | -14.65% |
Max Drawdown (5Y)Largest decline over 5 years | -63.60% | -63.80% | +0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -84.25% | -76.86% | -7.39% |
Current DrawdownCurrent decline from peak | 0.00% | -6.70% | +6.70% |
Average DrawdownAverage peak-to-trough decline | -43.17% | -16.04% | -27.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.31% | 6.98% | +6.33% |
Volatility
DK vs. SPXL - Volatility Comparison
Delek US Holdings, Inc. (DK) has a higher volatility of 13.01% compared to Direxion Daily S&P 500 Bull 3X ETF (SPXL) at 10.75%. This indicates that DK's price experiences larger fluctuations and is considered to be riskier 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
| DK | SPXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.01% | 10.75% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 41.37% | 30.45% | +10.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.23% | 38.62% | +18.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.49% | 50.62% | +1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.47% | 53.45% | +3.02% |
Dividends
DK vs. SPXL - Dividend Comparison
DK's dividend yield for the trailing twelve months is around 1.50%, more than SPXL's 0.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DK Delek US Holdings, Inc. | 1.50% | 3.44% | 5.43% | 3.59% | 2.26% | 0.00% | 5.79% | 3.40% | 2.95% | 1.72% | 2.49% | 2.85% |
SPXL Direxion Daily S&P 500 Bull 3X ETF | 0.53% | 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
DK and SPXL have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DK has higher volatility (13.01%) compared to SPXL (10.75%). In terms of maximum drawdown, DK dropped -86.89% vs SPXL's -76.86%.
DK currently has the higher Sharpe Ratio (3.75 vs 1.22), 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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