SCC vs. SPXL
Compare and contrast key facts about ProShares UltraShort Consumer Services (SCC) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
SCC and SPXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCC is a passively managed fund by ProShares that tracks the performance of the DJ Global United States (All) / Consumer Services -IND (-200%). It was launched on Jan 30, 2007. 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. Both SCC and SPXL 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: SCC or SPXL.
Correlation
The correlation between SCC and SPXL is -0.76. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SCC vs. SPXL - Performance Comparison
Key characteristics
SCC:
-1.06
SPXL:
1.69
SCC:
-1.61
SPXL:
2.14
SCC:
0.83
SPXL:
1.29
SCC:
-0.39
SPXL:
2.62
SCC:
-1.51
SPXL:
9.58
SCC:
26.14%
SPXL:
6.66%
SCC:
37.16%
SPXL:
37.75%
SCC:
-99.90%
SPXL:
-76.86%
SCC:
-99.89%
SPXL:
-1.54%
Returns By Period
In the year-to-date period, SCC achieves a -2.38% return, which is significantly lower than SPXL's 10.24% return. Over the past 10 years, SCC has underperformed SPXL with an annualized return of -31.21%, while SPXL has yielded a comparatively higher 24.09% annualized return.
SCC
-2.38%
2.27%
-33.11%
-37.37%
-26.65%
-31.21%
SPXL
10.24%
5.00%
21.29%
58.98%
20.41%
24.09%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SCC vs. SPXL - Expense Ratio Comparison
SCC has a 0.95% expense ratio, which is lower than SPXL's 1.02% expense ratio.
Risk-Adjusted Performance
SCC vs. SPXL — Risk-Adjusted Performance Rank
SCC
SPXL
SCC vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Services (SCC) 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
SCC vs. SPXL - Dividend Comparison
SCC's dividend yield for the trailing twelve months is around 7.63%, more than SPXL's 0.67% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
SCC ProShares UltraShort Consumer Services | 7.63% | 7.45% | 4.52% | 0.27% | 0.00% | 0.05% | 2.68% | 0.86% | 0.00% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.67% | 0.74% | 0.98% | 0.33% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% |
Drawdowns
SCC vs. SPXL - Drawdown Comparison
The maximum SCC drawdown since its inception was -99.90%, which is greater than SPXL's maximum drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for SCC and SPXL. For additional features, visit the drawdowns tool.
Volatility
SCC vs. SPXL - Volatility Comparison
The current volatility for ProShares UltraShort Consumer Services (SCC) is 8.77%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 9.28%. This indicates that SCC 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.