NVR vs. SPXL
Compare and contrast key facts about NVR, Inc. (NVR) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
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: NVR or SPXL.
Key characteristics
| NVR | SPXL | |
|---|---|---|
| YTD Return | 30.20% | 75.08% |
| 1Y Return | 51.14% | 118.94% |
| 3Y Return (Ann) | 20.24% | 10.56% |
| 5Y Return (Ann) | 19.91% | 26.11% |
| 10Y Return (Ann) | 22.13% | 24.91% |
| Sharpe Ratio | 2.19 | 3.25 |
| Sortino Ratio | 2.99 | 3.52 |
| Omega Ratio | 1.38 | 1.49 |
| Calmar Ratio | 5.40 | 2.80 |
| Martin Ratio | 12.89 | 19.58 |
| Ulcer Index | 3.96% | 6.04% |
| Daily Std Dev | 23.27% | 36.31% |
| Max Drawdown | -97.91% | -76.86% |
| Current Drawdown | -8.16% | -1.01% |
Correlation
The correlation between NVR and SPXL is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NVR vs. SPXL - Performance Comparison
In the year-to-date period, NVR achieves a 30.20% return, which is significantly lower than SPXL's 75.08% return. Over the past 10 years, NVR has underperformed SPXL with an annualized return of 22.13%, while SPXL has yielded a comparatively higher 24.91% 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
NVR vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NVR, Inc. (NVR) 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
NVR vs. SPXL - Dividend Comparison
NVR has not paid dividends to shareholders, while SPXL's dividend yield for the trailing twelve months is around 0.68%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
NVR NVR, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.68% | 0.98% | 0.33% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% |
Drawdowns
NVR vs. SPXL - Drawdown Comparison
The maximum NVR drawdown since its inception was -97.91%, which is greater than SPXL's maximum drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for NVR and SPXL. For additional features, visit the drawdowns tool.
Volatility
NVR vs. SPXL - Volatility Comparison
The current volatility for NVR, Inc. (NVR) is 6.39%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 11.59%. This indicates that NVR 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.