ELIS vs. SPUU
Compare and contrast key facts about Direxion Daily LLY Bear 1X Shares (ELIS) and Direxion Daily S&P 500 Bull 2x Shares (SPUU).
ELIS and SPUU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ELIS is an actively managed fund by Direxion. It was launched on Mar 25, 2025. SPUU is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (200%). It was launched on May 28, 2014.
Performance
ELIS vs. SPUU - Performance Comparison
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ELIS vs. SPUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ELIS Direxion Daily LLY Bear 1X Shares | 13.99% | -29.46% |
SPUU Direxion Daily S&P 500 Bull 2x Shares | -10.01% | 36.42% |
Returns By Period
In the year-to-date period, ELIS achieves a 13.99% return, which is significantly higher than SPUU's -10.01% return.
ELIS
- 1D
- -3.68%
- 1M
- 14.07%
- YTD
- 13.99%
- 6M
- -19.57%
- 1Y
- -19.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPUU
- 1D
- 5.86%
- 1M
- -10.17%
- YTD
- -10.01%
- 6M
- -6.87%
- 1Y
- 27.13%
- 3Y*
- 28.85%
- 5Y*
- 15.86%
- 10Y*
- 21.67%
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ELIS vs. SPUU - Expense Ratio Comparison
ELIS has a 0.97% expense ratio, which is higher than SPUU's 0.64% expense ratio.
Return for Risk
ELIS vs. SPUU — Risk / Return Rank
ELIS
SPUU
ELIS vs. SPUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily LLY Bear 1X Shares (ELIS) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). 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.
| ELIS | SPUU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.47 | 0.75 | -1.22 |
Sortino ratioReturn per unit of downside risk | -0.44 | 1.26 | -1.70 |
Omega ratioGain probability vs. loss probability | 0.94 | 1.19 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | -0.45 | 1.24 | -1.69 |
Martin ratioReturn relative to average drawdown | -0.73 | 5.35 | -6.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ELIS | SPUU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.47 | 0.75 | -1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.46 | 0.56 | -1.02 |
Correlation
The correlation between ELIS and SPUU is -0.30. 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.
Dividends
ELIS vs. SPUU - Dividend Comparison
ELIS's dividend yield for the trailing twelve months is around 5.14%, more than SPUU's 1.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELIS Direxion Daily LLY Bear 1X Shares | 5.14% | 5.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPUU Direxion Daily S&P 500 Bull 2x Shares | 1.78% | 1.63% | 0.55% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 4.42% |
Drawdowns
ELIS vs. SPUU - Drawdown Comparison
The maximum ELIS drawdown since its inception was -44.95%, smaller than the maximum SPUU drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for ELIS and SPUU.
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Drawdown Indicators
| ELIS | SPUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.95% | -59.35% | +14.40% |
Max Drawdown (1Y)Largest decline over 1 year | -44.95% | -23.10% | -21.85% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.35% | — |
Current DrawdownCurrent decline from peak | -34.44% | -13.39% | -21.05% |
Average DrawdownAverage peak-to-trough decline | -23.72% | -9.62% | -14.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.88% | 5.35% | +22.53% |
Volatility
ELIS vs. SPUU - Volatility Comparison
The current volatility for Direxion Daily LLY Bear 1X Shares (ELIS) is 8.70%, while Direxion Daily S&P 500 Bull 2x Shares (SPUU) has a volatility of 10.70%. This indicates that ELIS experiences smaller price fluctuations and is considered to be less risky than SPUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELIS | SPUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.70% | 10.70% | -2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 26.79% | 19.17% | +7.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.55% | 36.23% | +6.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.39% | 33.47% | +8.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.39% | 35.73% | +6.66% |