SPUU vs. EDV
SPUU (Direxion Daily S&P 500 Bull 2X ETF) and EDV (Vanguard Extended Duration Treasury ETF) are both exchange-traded funds - SPUU is a Leveraged Equities fund tracking the S&P 500 Index (200% Daily), while EDV is a Government Bonds fund tracking the Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. Both are passively managed. Over the past 10 years, SPUU returned 24.69%/yr vs -3.49%/yr for EDV. At a correlation of -0.14, they often move in opposite directions. SPUU charges 0.60%/yr vs 0.05%/yr for EDV.
Performance
SPUU vs. EDV - Performance Comparison
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Returns By Period
In the year-to-date period, SPUU achieves a 15.56% return, which is significantly higher than EDV's 0.01% return. Over the past 10 years, SPUU has outperformed EDV with an annualized return of 24.69%, while EDV has yielded a comparatively lower -3.49% annualized return.
SPUU
- 1D
- 1.20%
- 1M
- -2.20%
- YTD
- 15.56%
- 6M
- 15.85%
- 1Y
- 47.93%
- 3Y*
- 34.75%
- 5Y*
- 19.14%
- 10Y*
- 24.69%
EDV
- 1D
- -0.39%
- 1M
- 2.28%
- YTD
- 0.01%
- 6M
- 0.03%
- 1Y
- 3.37%
- 3Y*
- -4.76%
- 5Y*
- -10.27%
- 10Y*
- -3.49%
SPUU vs. EDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPUU Direxion Daily S&P 500 Bull 2X ETF | 15.56% | 26.55% | 44.25% | 47.28% | -38.72% | 61.27% | 21.85% | 66.84% | -14.59% | 44.33% |
EDV Vanguard Extended Duration Treasury ETF | 0.01% | 0.65% | -12.78% | 1.65% | -39.15% | -6.19% | 23.59% | 18.67% | -3.40% | 13.94% |
Correlation
The correlation between SPUU and EDV is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2014 | -0.14 |
The correlation between SPUU and EDV shifts across timeframes, from -0.14 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPUU vs. EDV — Risk / Return Rank
SPUU
EDV
SPUU vs. EDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 Bull 2X ETF (SPUU) and Vanguard Extended Duration Treasury ETF (EDV). 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.
| SPUU | EDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.03 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 0.14 | +2.33 |
| Martin ratioReturn relative to average drawdown | 10.61 | 0.31 | +10.30 |
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Drawdowns
SPUU vs. EDV - Drawdown Comparison
The maximum SPUU drawdown since its inception was -59.35%, roughly equal to the maximum EDV drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for SPUU and EDV.
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Drawdown Indicators
| SPUU | EDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.35% | -59.96% | +0.61% |
Max Drawdown (1Y)Largest decline over 1 year | -18.19% | -12.54% | -5.65% |
Max Drawdown (3Y)Largest decline over 3 years | -35.18% | -26.99% | -8.19% |
Max Drawdown (5Y)Largest decline over 5 years | -46.59% | -55.03% | +8.44% |
Max Drawdown (10Y)Largest decline over 10 years | -59.35% | -59.96% | +0.61% |
Current DrawdownCurrent decline from peak | -4.78% | -54.12% | +49.34% |
Average DrawdownAverage peak-to-trough decline | -9.49% | -23.48% | +13.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 5.55% | -1.32% |
Volatility
SPUU vs. EDV - Volatility Comparison
Direxion Daily S&P 500 Bull 2X ETF (SPUU) has a higher volatility of 8.72% compared to Vanguard Extended Duration Treasury ETF (EDV) at 4.21%. This indicates that SPUU's price experiences larger fluctuations and is considered to be riskier than EDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPUU | EDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.72% | 4.21% | +4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 19.45% | 9.89% | +9.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.81% | 14.54% | +10.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.59% | 21.62% | +11.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.83% | 19.82% | +16.01% |
SPUU vs. EDV - Expense Ratio Comparison
SPUU has a 0.60% expense ratio, which is higher than EDV's 0.05% expense ratio.
Dividends
SPUU vs. EDV - Dividend Comparison
SPUU's dividend yield for the trailing twelve months is around 1.39%, less than EDV's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 4.95% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
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
SPUU and EDV have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPUU has higher volatility (8.72%) compared to EDV (4.21%). In terms of maximum drawdown, SPUU dropped -59.35% vs EDV's -59.96%.
On 10-year performance, SPUU leads with 24.69% vs -3.49% for EDV. On fees, EDV is cheaper at 0.05% per year. On volatility, EDV has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SPUU has performed better with a 24.69% return vs -3.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EDV is cheaper with a 0.05% expense ratio, compared with 0.60% for SPUU.
EDV has the higher dividend yield at 4.95%, compared with 1.39% for SPUU.
SPUU is categorized as Leveraged Equities, while EDV is Government Bonds. SPUU tracks S&P 500 Index (200% Daily), while EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. They also come from different issuers: Direxion and Vanguard. Their fees differ too: 0.60% for SPUU and 0.05% for EDV.
SPUU currently has the higher Sharpe Ratio (1.81 vs 0.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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