MKTX vs. SPUU
Compare and contrast key facts about MarketAxess Holdings Inc. (MKTX) and Direxion Daily S&P 500 Bull 2x Shares (SPUU).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MKTX or SPUU.
Key characteristics
| MKTX | SPUU | |
|---|---|---|
| YTD Return | -5.27% | 50.83% |
| 1Y Return | 22.29% | 80.72% |
| 3Y Return (Ann) | -9.93% | 12.14% |
| 5Y Return (Ann) | -3.79% | 23.97% |
| 10Y Return (Ann) | 16.42% | 21.01% |
| Sharpe Ratio | 0.71 | 3.19 |
| Sortino Ratio | 1.13 | 3.79 |
| Omega Ratio | 1.17 | 1.53 |
| Calmar Ratio | 0.37 | 3.04 |
| Martin Ratio | 1.13 | 19.79 |
| Ulcer Index | 21.53% | 3.92% |
| Daily Std Dev | 34.46% | 24.32% |
| Max Drawdown | -80.60% | -59.35% |
| Current Drawdown | -51.76% | 0.00% |
Correlation
The correlation between MKTX and SPUU is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MKTX vs. SPUU - Performance Comparison
In the year-to-date period, MKTX achieves a -5.27% return, which is significantly lower than SPUU's 50.83% return. Over the past 10 years, MKTX has underperformed SPUU with an annualized return of 16.42%, while SPUU has yielded a comparatively higher 21.01% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
MKTX vs. SPUU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MarketAxess Holdings Inc. (MKTX) 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.
Dividends
MKTX vs. SPUU - Dividend Comparison
MKTX's dividend yield for the trailing twelve months is around 0.81%, more than SPUU's 0.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MKTX MarketAxess Holdings Inc. | 0.81% | 0.98% | 1.00% | 0.64% | 0.42% | 0.54% | 0.80% | 0.65% | 0.71% | 0.72% | 0.89% | 0.78% |
SPUU Direxion Daily S&P 500 Bull 2x Shares | 0.66% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 1.26% | 0.00% | 0.00% |
Drawdowns
MKTX vs. SPUU - Drawdown Comparison
The maximum MKTX drawdown since its inception was -80.60%, which is greater than SPUU's maximum drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for MKTX and SPUU. For additional features, visit the drawdowns tool.
Volatility
MKTX vs. SPUU - Volatility Comparison
The current volatility for MarketAxess Holdings Inc. (MKTX) is 5.62%, while Direxion Daily S&P 500 Bull 2x Shares (SPUU) has a volatility of 7.85%. This indicates that MKTX 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.