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.
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
Key characteristics
DXSLX:
1.06
SPY:
2.03
DXSLX:
1.42
SPY:
2.71
DXSLX:
1.21
SPY:
1.38
DXSLX:
1.30
SPY:
3.02
DXSLX:
6.37
SPY:
13.49
DXSLX:
3.96%
SPY:
1.88%
DXSLX:
23.87%
SPY:
12.48%
DXSLX:
-89.55%
SPY:
-55.19%
DXSLX:
-14.63%
SPY:
-3.54%
Returns By Period
The year-to-date returns for both stocks are quite close, with DXSLX having a 25.26% return and SPY slightly lower at 24.51%. Over the past 10 years, DXSLX has outperformed SPY with an annualized return of 13.91%, while SPY has yielded a comparatively lower 12.94% annualized return.
DXSLX
25.26%
-10.47%
0.80%
28.38%
15.27%
13.91%
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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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 0.52%, less than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 0.52% | 0.00% | 0.00% | 0.00% | 0.69% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.87% | 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 -89.55%, 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 11.49% compared to SPDR S&P 500 ETF (SPY) at 3.61%. 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.