SHPU vs. SPUU
SHPU (Direxion Daily SHOP Bull 2X ETF) and SPUU (Direxion Daily S&P 500 Bull 2X ETF) are both Leveraged Equities funds from Direxion. SHPU is actively managed, while SPUU is passively managed. A 0.55 correlation means they provide meaningful diversification when combined. SHPU charges 1.09%/yr vs 0.60%/yr for SPUU.
Performance
SHPU vs. SPUU - Performance Comparison
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Returns By Period
In the year-to-date period, SHPU achieves a -63.07% return, which is significantly lower than SPUU's 13.24% return.
SHPU
- 1D
- -4.90%
- 1M
- 8.87%
- YTD
- -63.07%
- 6M
- -66.83%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPUU
- 1D
- 0.03%
- 1M
- -4.55%
- YTD
- 13.24%
- 6M
- 10.22%
- 1Y
- 39.60%
- 3Y*
- 34.71%
- 5Y*
- 18.25%
- 10Y*
- 25.28%
SHPU vs. SPUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SHPU Direxion Daily SHOP Bull 2X ETF | -63.07% | 8.74% |
SPUU Direxion Daily S&P 500 Bull 2X ETF | 13.24% | 16.02% |
Correlation
The correlation between SHPU and SPUU is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 6, 2025 | 0.55 |
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Return for Risk
SHPU vs. SPUU — Risk / Return Rank
SHPU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPUU
SHPU vs. SPUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily SHOP Bull 2X ETF (SHPU) 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.
| SHPU | SPUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.19 | — |
| Martin ratioReturn relative to average drawdown | — | 9.22 | — |
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Drawdowns
SHPU vs. SPUU - Drawdown Comparison
The maximum SHPU drawdown since its inception was -77.97%, which is greater than SPUU's maximum drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for SHPU and SPUU.
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Drawdown Indicators
| SHPU | SPUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.97% | -59.35% | -18.62% |
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 | -71.28% | -6.69% | -64.59% |
Average DrawdownAverage peak-to-trough decline | -38.89% | -9.48% | -29.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.31% | — |
Volatility
SHPU vs. SPUU - Volatility Comparison
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Volatility by Period
| SHPU | SPUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.51% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.81% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 109.61% | 25.05% | +84.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 109.61% | 33.67% | +75.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 109.61% | 35.79% | +73.82% |
SHPU vs. SPUU - Expense Ratio Comparison
SHPU has a 1.09% expense ratio, which is higher than SPUU's 0.60% expense ratio.
Dividends
SHPU vs. SPUU - Dividend Comparison
SHPU's dividend yield for the trailing twelve months is around 56.18%, more than SPUU's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHPU Direxion Daily SHOP Bull 2X ETF | 56.18% | 20.05% | 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 | 1.39% | 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
SHPU and SPUU have a correlation of 0.55, 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 1.09% for SHPU.
SHPU has the higher dividend yield at 56.18%, compared with 1.39% for SPUU.
Their fees differ too: 1.09% for SHPU and 0.60% for SPUU.
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