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.
Performance
MKTX vs. SPUU - Performance Comparison
Returns By Period
In the year-to-date period, MKTX achieves a -9.96% return, which is significantly lower than SPUU's 49.08% return. Over the past 10 years, MKTX has underperformed SPUU with an annualized return of 16.06%, while SPUU has yielded a comparatively higher 20.50% annualized return.
MKTX
-9.96%
-9.63%
20.76%
12.57%
-7.07%
16.06%
SPUU
49.08%
5.53%
23.13%
62.65%
23.38%
20.50%
Key characteristics
| MKTX | SPUU | |
|---|---|---|
| Sharpe Ratio | 0.37 | 2.61 |
| Sortino Ratio | 0.72 | 3.19 |
| Omega Ratio | 1.11 | 1.44 |
| Calmar Ratio | 0.19 | 3.37 |
| Martin Ratio | 0.58 | 15.85 |
| Ulcer Index | 21.61% | 3.95% |
| Daily Std Dev | 34.39% | 24.02% |
| Max Drawdown | -80.60% | -59.35% |
| Current Drawdown | -54.15% | -1.31% |
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Correlation
The correlation between MKTX and SPUU is 0.39, 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.
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 1.14%, more than SPUU's 0.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MKTX MarketAxess Holdings Inc. | 1.14% | 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 5.37%, while Direxion Daily S&P 500 Bull 2x Shares (SPUU) has a volatility of 7.98%. 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.