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DUST vs. SPXL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between DUST and SPXL is -0.18. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.2

Performance

DUST vs. SPXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Gold Miners Bear 2X Shares (DUST) and Direxion Daily S&P 500 Bull 3X Shares (SPXL). The values are adjusted to include any dividend payments, if applicable.

0.00%1,000.00%2,000.00%3,000.00%4,000.00%NovemberDecember2025FebruaryMarchApril
-99.99%
2,336.13%
DUST
SPXL

Key characteristics

Sharpe Ratio

DUST:

-0.99

SPXL:

0.13

Sortino Ratio

DUST:

-1.75

SPXL:

0.58

Omega Ratio

DUST:

0.81

SPXL:

1.08

Calmar Ratio

DUST:

-0.65

SPXL:

0.15

Martin Ratio

DUST:

-1.94

SPXL:

0.55

Ulcer Index

DUST:

33.72%

SPXL:

13.46%

Daily Std Dev

DUST:

66.14%

SPXL:

57.18%

Max Drawdown

DUST:

-100.00%

SPXL:

-76.86%

Current Drawdown

DUST:

-100.00%

SPXL:

-34.66%

Returns By Period

In the year-to-date period, DUST achieves a -57.55% return, which is significantly lower than SPXL's -26.85% return. Over the past 10 years, DUST has underperformed SPXL with an annualized return of -57.90%, while SPXL has yielded a comparatively higher 19.12% annualized return.


DUST

YTD

-57.55%

1M

-23.20%

6M

-38.07%

1Y

-64.38%

5Y*

-37.31%

10Y*

-57.90%

SPXL

YTD

-26.85%

1M

-19.87%

6M

-25.89%

1Y

3.96%

5Y*

30.84%

10Y*

19.12%

*Annualized

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DUST vs. SPXL - Expense Ratio Comparison

DUST has a 1.07% expense ratio, which is higher than SPXL's 1.02% expense ratio.


Expense ratio chart for DUST: current value is 1.07%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
DUST: 1.07%
Expense ratio chart for SPXL: current value is 1.02%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPXL: 1.02%

Risk-Adjusted Performance

DUST vs. SPXL — Risk-Adjusted Performance Rank

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

DUST
The Risk-Adjusted Performance Rank of DUST is 00
Overall Rank
The Sharpe Ratio Rank of DUST is 00
Sharpe Ratio Rank
The Sortino Ratio Rank of DUST is 00
Sortino Ratio Rank
The Omega Ratio Rank of DUST is 00
Omega Ratio Rank
The Calmar Ratio Rank of DUST is 11
Calmar Ratio Rank
The Martin Ratio Rank of DUST is 00
Martin Ratio Rank

SPXL
The Risk-Adjusted Performance Rank of SPXL is 4040
Overall Rank
The Sharpe Ratio Rank of SPXL is 3333
Sharpe Ratio Rank
The Sortino Ratio Rank of SPXL is 4747
Sortino Ratio Rank
The Omega Ratio Rank of SPXL is 4949
Omega Ratio Rank
The Calmar Ratio Rank of SPXL is 3737
Calmar Ratio Rank
The Martin Ratio Rank of SPXL is 3535
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

DUST vs. SPXL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Gold Miners Bear 2X Shares (DUST) 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.


The chart of Sharpe ratio for DUST, currently valued at -0.99, compared to the broader market-1.000.001.002.003.004.00
DUST: -0.99
SPXL: 0.13
The chart of Sortino ratio for DUST, currently valued at -1.75, compared to the broader market-2.000.002.004.006.008.00
DUST: -1.75
SPXL: 0.58
The chart of Omega ratio for DUST, currently valued at 0.81, compared to the broader market0.501.001.502.002.50
DUST: 0.81
SPXL: 1.08
The chart of Calmar ratio for DUST, currently valued at -0.65, compared to the broader market0.002.004.006.008.0010.0012.00
DUST: -0.65
SPXL: 0.15
The chart of Martin ratio for DUST, currently valued at -1.94, compared to the broader market0.0020.0040.0060.00
DUST: -1.94
SPXL: 0.55

The current DUST Sharpe Ratio is -0.99, which is lower than the SPXL Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of DUST and SPXL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
-0.99
0.13
DUST
SPXL

Dividends

DUST vs. SPXL - Dividend Comparison

DUST's dividend yield for the trailing twelve months is around 8.51%, more than SPXL's 1.09% yield.


TTM20242023202220212020201920182017
DUST
Direxion Daily Gold Miners Bear 2X Shares
8.51%5.01%4.47%0.00%0.00%3.64%2.47%0.37%0.00%
SPXL
Direxion Daily S&P 500 Bull 3X Shares
1.09%0.74%0.98%0.33%0.11%0.22%0.84%1.02%3.88%

Drawdowns

DUST vs. SPXL - Drawdown Comparison

The maximum DUST drawdown since its inception was -100.00%, which is greater than SPXL's maximum drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for DUST and SPXL. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-100.00%
-34.66%
DUST
SPXL

Volatility

DUST vs. SPXL - Volatility Comparison

The current volatility for Direxion Daily Gold Miners Bear 2X Shares (DUST) is 31.73%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 41.56%. This indicates that DUST 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.


10.00%20.00%30.00%40.00%NovemberDecember2025FebruaryMarchApril
31.73%
41.56%
DUST
SPXL