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:
1.15
SPY:
2.05
DXSLX:
1.52
SPY:
2.73
DXSLX:
1.23
SPY:
1.38
DXSLX:
1.56
SPY:
3.11
DXSLX:
5.34
SPY:
13.02
DXSLX:
5.24%
SPY:
2.01%
DXSLX:
24.35%
SPY:
12.77%
DXSLX:
-89.55%
SPY:
-55.19%
DXSLX:
-13.08%
SPY:
-2.33%
Returns By Period
In the year-to-date period, DXSLX achieves a 1.49% return, which is significantly higher than SPY's 0.95% return. Over the past 10 years, DXSLX has outperformed SPY with an annualized return of 14.77%, while SPY has yielded a comparatively lower 13.35% annualized return.
DXSLX
1.49%
-3.59%
0.65%
29.29%
14.22%
14.77%
SPY
0.95%
-1.76%
7.74%
26.88%
14.01%
13.35%
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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 Rank
DXSLX
SPY
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 1.80%, more than SPY's 1.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXSLX Direxion Monthly S&P 500 Bull 1.75X Fund | 1.80% | 0.52% | 0.00% | 0.00% | 0.00% | 0.69% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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 8.74% compared to SPDR S&P 500 ETF (SPY) at 5.01%. 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.