IYF vs. SPXL
Compare and contrast key facts about iShares U.S. Financials ETF (IYF) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
IYF and SPXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYF is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Financials Index. It was launched on May 31, 2000. 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. Both IYF and SPXL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IYF or SPXL.
Performance
IYF vs. SPXL - Performance Comparison
Returns By Period
In the year-to-date period, IYF achieves a 37.65% return, which is significantly lower than SPXL's 71.49% return. Over the past 10 years, IYF has underperformed SPXL with an annualized return of 12.03%, while SPXL has yielded a comparatively higher 24.10% annualized return.
IYF
37.65%
7.20%
24.29%
49.08%
13.66%
12.03%
SPXL
71.49%
3.88%
34.00%
94.94%
25.27%
24.10%
Key characteristics
| IYF | SPXL | |
|---|---|---|
| Sharpe Ratio | 3.31 | 2.68 |
| Sortino Ratio | 4.62 | 3.04 |
| Omega Ratio | 1.60 | 1.42 |
| Calmar Ratio | 4.75 | 2.64 |
| Martin Ratio | 23.77 | 15.98 |
| Ulcer Index | 2.09% | 6.08% |
| Daily Std Dev | 15.01% | 36.19% |
| Max Drawdown | -79.09% | -76.86% |
| Current Drawdown | 0.00% | -3.03% |
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IYF vs. SPXL - Expense Ratio Comparison
IYF has a 0.42% expense ratio, which is lower than SPXL's 1.02% expense ratio.
Correlation
The correlation between IYF and SPXL is 0.85, 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.
Risk-Adjusted Performance
IYF vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Financials ETF (IYF) 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.
Dividends
IYF vs. SPXL - Dividend Comparison
IYF's dividend yield for the trailing twelve months is around 1.19%, more than SPXL's 0.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYF iShares U.S. Financials ETF | 1.19% | 1.67% | 1.86% | 1.27% | 1.72% | 1.64% | 1.90% | 1.46% | 1.67% | 1.66% | 1.38% | 1.33% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.69% | 0.98% | 0.33% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IYF vs. SPXL - Drawdown Comparison
The maximum IYF drawdown since its inception was -79.09%, roughly equal to the maximum SPXL drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for IYF and SPXL. For additional features, visit the drawdowns tool.
Volatility
IYF vs. SPXL - Volatility Comparison
The current volatility for iShares U.S. Financials ETF (IYF) is 7.89%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 11.95%. This indicates that IYF 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.