Correlation
The correlation between HCMT and SPXL is 0.93, 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.
HCMT vs. SPXL
Compare and contrast key facts about Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
HCMT and SPXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HCMT is an actively managed fund by Direxion. It was launched on Jun 21, 2023. SPXL is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (300%). It was launched on Nov 5, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HCMT or SPXL.
Performance
HCMT vs. SPXL - Performance Comparison
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Key characteristics
HCMT:
-0.07
SPXL:
0.30
HCMT:
0.02
SPXL:
0.71
HCMT:
1.00
SPXL:
1.10
HCMT:
-0.15
SPXL:
0.26
HCMT:
-0.38
SPXL:
0.82
HCMT:
14.52%
SPXL:
15.58%
HCMT:
35.15%
SPXL:
58.28%
HCMT:
-36.26%
SPXL:
-76.86%
HCMT:
-25.12%
SPXL:
-19.56%
Returns By Period
In the year-to-date period, HCMT achieves a -18.61% return, which is significantly lower than SPXL's -9.94% return.
HCMT
-18.61%
9.95%
-20.66%
-3.14%
N/A
N/A
N/A
SPXL
-9.94%
15.78%
-17.59%
14.59%
21.18%
30.98%
21.54%
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HCMT vs. SPXL - Expense Ratio Comparison
HCMT has a 1.17% expense ratio, which is higher than SPXL's 1.02% expense ratio.
Risk-Adjusted Performance
HCMT vs. SPXL — Risk-Adjusted Performance Rank
HCMT
SPXL
HCMT vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT) 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.
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Dividends
HCMT vs. SPXL - Dividend Comparison
HCMT's dividend yield for the trailing twelve months is around 3.43%, more than SPXL's 0.89% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
HCMT Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF | 3.43% | 2.75% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.89% | 0.74% | 0.98% | 0.33% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% |
Drawdowns
HCMT vs. SPXL - Drawdown Comparison
The maximum HCMT drawdown since its inception was -36.26%, smaller than the maximum SPXL drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for HCMT and SPXL.
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Volatility
HCMT vs. SPXL - Volatility Comparison
The current volatility for Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT) is 8.12%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 14.30%. This indicates that HCMT 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.
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