PDDL vs. SPUU
PDDL (GraniteShares 2x Long PDD Daily ETF) and SPUU (Direxion Daily S&P 500 Bull 2X ETF) are both Leveraged Equities funds. PDDL is actively managed, while SPUU is passively managed. At a 0.45 correlation, their price movements are largely independent. PDDL charges 1.50%/yr vs 0.60%/yr for SPUU.
Performance
PDDL vs. SPUU - Performance Comparison
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Returns By Period
In the year-to-date period, PDDL achieves a -51.48% return, which is significantly lower than SPUU's 19.67% return.
PDDL
- 1D
- -1.66%
- 1M
- 6.34%
- 6M
- -56.92%
- YTD
- -51.48%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPUU
- 1D
- 0.89%
- 1M
- 4.80%
- 6M
- 15.49%
- YTD
- 19.67%
- 1Y
- 40.22%
- 3Y*
- 35.03%
- 5Y*
- 18.61%
- 10Y*
- 24.16%
PDDL vs. SPUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PDDL GraniteShares 2x Long PDD Daily ETF | -51.48% | 9.27% |
SPUU Direxion Daily S&P 500 Bull 2X ETF | 19.67% | 16.79% |
Correlation
The correlation between PDDL and SPUU is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.45 |
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Return for Risk
PDDL vs. SPUU — Risk / Return Rank
PDDL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPUU
PDDL vs. SPUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PDD Daily ETF (PDDL) and Direxion Daily S&P 500 Bull 2X ETF (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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PDDL | SPUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.17 | — |
| Martin ratioReturn relative to average drawdown | — | 8.99 | — |
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Drawdowns
PDDL vs. SPUU - Drawdown Comparison
The maximum PDDL drawdown since its inception was -76.06%, which is greater than SPUU's maximum drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for PDDL and SPUU.
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Drawdown Indicators
| PDDL | SPUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.06% | -59.35% | -16.71% |
Max Drawdown (1Y)Largest decline over 1 year | — | -18.19% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.18% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.35% | — |
Current DrawdownCurrent decline from peak | -68.25% | -1.40% | -66.85% |
Average DrawdownAverage peak-to-trough decline | -33.56% | -9.46% | -24.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.38% | — |
Volatility
PDDL vs. SPUU - Volatility Comparison
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Volatility by Period
| PDDL | SPUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.62% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.06% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 67.85% | 25.21% | +42.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.85% | 33.67% | +34.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.85% | 35.74% | +32.11% |
PDDL vs. SPUU - Expense Ratio Comparison
PDDL has a 1.50% expense ratio, which is higher than SPUU's 0.60% expense ratio.
Dividends
PDDL vs. SPUU - Dividend Comparison
PDDL's dividend yield for the trailing twelve months is around 0.69%, less than SPUU's 1.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDDL GraniteShares 2x Long PDD Daily ETF | 0.69% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPUU Direxion Daily S&P 500 Bull 2X ETF | 1.31% | 1.63% | 0.55% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 4.42% |
Frequently Asked Questions
PDDL and SPUU have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPUU is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPUU is cheaper with a 0.60% expense ratio, compared with 1.50% for PDDL.
SPUU has the higher dividend yield at 1.31%, compared with 0.69% for PDDL.
They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.50% for PDDL and 0.60% for SPUU.
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