RETL vs. SPY
Compare and contrast key facts about Direxion Daily Retail Bull 3X Shares (RETL) and SPDR S&P 500 ETF (SPY).
RETL and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RETL is a passively managed fund by Direxion that tracks the performance of the Russell 1000 Retail Index (300%). It was launched on Jul 14, 2010. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both RETL and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RETL or SPY.
Performance
RETL vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, RETL achieves a 6.04% return, which is significantly lower than SPY's 24.40% return. Over the past 10 years, RETL has underperformed SPY with an annualized return of 1.90%, while SPY has yielded a comparatively higher 13.04% annualized return.
RETL
6.04%
-0.83%
-0.01%
68.47%
-0.86%
1.90%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| RETL | SPY | |
|---|---|---|
| Sharpe Ratio | 0.80 | 2.64 |
| Sortino Ratio | 1.47 | 3.53 |
| Omega Ratio | 1.17 | 1.49 |
| Calmar Ratio | 0.57 | 3.81 |
| Martin Ratio | 3.11 | 17.21 |
| Ulcer Index | 16.35% | 1.86% |
| Daily Std Dev | 63.26% | 12.15% |
| Max Drawdown | -91.51% | -55.19% |
| Current Drawdown | -82.32% | -2.17% |
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RETL vs. SPY - Expense Ratio Comparison
RETL has a 0.99% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between RETL and SPY is 0.67, 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.
Risk-Adjusted Performance
RETL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Retail Bull 3X Shares (RETL) and SPDR S&P 500 ETF (SPY). 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
RETL vs. SPY - Dividend Comparison
RETL's dividend yield for the trailing twelve months is around 1.25%, more than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RETL Direxion Daily Retail Bull 3X Shares | 1.25% | 1.35% | 0.71% | 0.22% | 0.19% | 0.92% | 1.19% | 0.01% | 2.60% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
RETL vs. SPY - Drawdown Comparison
The maximum RETL drawdown since its inception was -91.51%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RETL and SPY. For additional features, visit the drawdowns tool.
Volatility
RETL vs. SPY - Volatility Comparison
Direxion Daily Retail Bull 3X Shares (RETL) has a higher volatility of 13.55% compared to SPDR S&P 500 ETF (SPY) at 4.08%. This indicates that RETL's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.