DXSLX vs. SPY
Compare and contrast key facts about Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) and SPDR S&P 500 ETF (SPY).
DXSLX is a passively managed fund by Direxion that tracks the performance of the . It was launched on May 1, 2006. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXSLX or SPY.
Key characteristics
DXSLX | SPY | |
---|---|---|
YTD Return | 17.50% | 11.81% |
1Y Return | 48.89% | 31.01% |
3Y Return (Ann) | 10.31% | 9.97% |
5Y Return (Ann) | 21.52% | 15.01% |
10Y Return (Ann) | 19.58% | 12.94% |
Sharpe Ratio | 2.32 | 2.61 |
Daily Std Dev | 20.36% | 11.55% |
Max Drawdown | -89.91% | -55.19% |
Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between DXSLX and SPY is 0.99, 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.
Performance
DXSLX vs. SPY - Performance Comparison
In the year-to-date period, DXSLX achieves a 17.50% return, which is significantly higher than SPY's 11.81% return. Over the past 10 years, DXSLX has outperformed SPY with an annualized return of 19.58%, while SPY has yielded a comparatively lower 12.94% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DXSLX vs. SPY - Expense Ratio Comparison
DXSLX has a 1.35% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
DXSLX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) and SPDR S&P 500 ETF (SPY). 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
DXSLX vs. SPY - Dividend Comparison
DXSLX's dividend yield for the trailing twelve months is around 0.55%, less than SPY's 1.27% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Direxion Monthly S&P 500 Bull 1.75X Fund | 0.55% | 0.00% | 0.00% | 7.89% | 2.42% | 4.41% | 7.21% | 6.99% | 0.00% | 5.14% | 4.06% | 5.23% |
SPDR S&P 500 ETF | 1.27% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
DXSLX vs. SPY - Drawdown Comparison
The maximum DXSLX drawdown since its inception was -89.91%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DXSLX and SPY. For additional features, visit the drawdowns tool.
Volatility
DXSLX vs. SPY - Volatility Comparison
Direxion Monthly S&P 500 Bull 1.75X Fund (DXSLX) has a higher volatility of 6.17% compared to SPDR S&P 500 ETF (SPY) at 3.48%. This indicates that DXSLX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.