POET vs. SPXL
Compare and contrast key facts about POET Technologies Inc (POET) 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: POET or SPXL.
Correlation
The correlation between POET and SPXL is 0.19, 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
POET vs. SPXL - Performance Comparison
Key characteristics
POET:
2.54
SPXL:
1.71
POET:
3.72
SPXL:
2.15
POET:
1.40
SPXL:
1.29
POET:
3.52
SPXL:
2.60
POET:
14.74
SPXL:
9.90
POET:
21.85%
SPXL:
6.60%
POET:
127.15%
SPXL:
38.37%
POET:
-93.47%
SPXL:
-76.86%
POET:
-59.58%
SPXL:
-3.36%
Returns By Period
In the year-to-date period, POET achieves a -19.83% return, which is significantly lower than SPXL's 8.19% return.
POET
-19.83%
-31.47%
73.45%
297.50%
11.29%
N/A
SPXL
8.19%
3.18%
28.86%
62.35%
22.16%
25.96%
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Risk-Adjusted Performance
POET vs. SPXL — Risk-Adjusted Performance Rank
POET
SPXL
POET vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for POET Technologies Inc (POET) 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
POET vs. SPXL - Dividend Comparison
POET has not paid dividends to shareholders, while SPXL's dividend yield for the trailing twelve months is around 0.68%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
POET POET Technologies Inc | 0.00% | 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% | 0.74% | 0.98% | 0.33% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% |
Drawdowns
POET vs. SPXL - Drawdown Comparison
The maximum POET drawdown since its inception was -93.47%, which is greater than SPXL's maximum drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for POET and SPXL. For additional features, visit the drawdowns tool.
Volatility
POET vs. SPXL - Volatility Comparison
POET Technologies Inc (POET) has a higher volatility of 41.55% compared to Direxion Daily S&P 500 Bull 3X Shares (SPXL) at 12.47%. This indicates that POET's price experiences larger fluctuations and is considered to be riskier than SPXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.