DPST vs. SPXL
Compare and contrast key facts about Direxion Daily Regional Banks Bull 3X Shares (DPST) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
DPST and SPXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DPST is a passively managed fund by Direxion that tracks the performance of the Solactive US Regional Banks Total Return Index (300%). It was launched on Aug 19, 2015. 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. Both DPST and SPXL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DPST or SPXL.
Performance
DPST vs. SPXL - Performance Comparison
Returns By Period
In the year-to-date period, DPST achieves a 47.98% return, which is significantly lower than SPXL's 68.90% return.
DPST
47.98%
22.94%
83.66%
126.73%
-29.94%
N/A
SPXL
68.90%
1.58%
27.81%
92.75%
25.06%
24.02%
Key characteristics
| DPST | SPXL | |
|---|---|---|
| Sharpe Ratio | 1.38 | 2.67 |
| Sortino Ratio | 2.26 | 3.04 |
| Omega Ratio | 1.27 | 1.42 |
| Calmar Ratio | 1.30 | 2.61 |
| Martin Ratio | 5.09 | 15.94 |
| Ulcer Index | 24.65% | 6.07% |
| Daily Std Dev | 91.07% | 36.23% |
| Max Drawdown | -97.73% | -76.86% |
| Current Drawdown | -91.66% | -4.50% |
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DPST vs. SPXL - Expense Ratio Comparison
DPST has a 0.99% expense ratio, which is lower than SPXL's 1.02% expense ratio.
Correlation
The correlation between DPST and SPXL is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
DPST vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Regional Banks Bull 3X Shares (DPST) 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
DPST vs. SPXL - Dividend Comparison
DPST's dividend yield for the trailing twelve months is around 1.37%, more than SPXL's 0.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
DPST Direxion Daily Regional Banks Bull 3X Shares | 1.37% | 1.78% | 1.51% | 0.59% | 0.90% | 1.29% | 2.18% | 0.30% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.70% | 0.98% | 0.33% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% |
Drawdowns
DPST vs. SPXL - Drawdown Comparison
The maximum DPST drawdown since its inception was -97.73%, which is greater than SPXL's maximum drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for DPST and SPXL. For additional features, visit the drawdowns tool.
Volatility
DPST vs. SPXL - Volatility Comparison
Direxion Daily Regional Banks Bull 3X Shares (DPST) has a higher volatility of 39.79% compared to Direxion Daily S&P 500 Bull 3X Shares (SPXL) at 12.28%. This indicates that DPST'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.