SPUU vs. INTW

Last updated Jun 24, 2026

SPUU (Direxion Daily S&P 500 Bull 2X ETF) and INTW (GraniteShares 2x Long INTC Daily ETF) are both Leveraged Equities funds. SPUU is passively managed, while INTW is actively managed. Over the past year, SPUU returned 43.00% vs 1964.55% for INTW. At a 0.46 correlation, their price movements are largely independent. SPUU charges 0.60%/yr vs 1.50%/yr for INTW.

Performance

SPUU vs. INTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily S&P 500 Bull 2X ETF (SPUU) and GraniteShares 2x Long INTC Daily ETF (INTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPUU achieves a 13.33% return, which is significantly lower than INTW's 750.22% return.

SPUU

• 1D: -2.91%
• 1M: -3.20%
• YTD: 13.33%
• 6M: 10.95%
• 1Y: 43.00%
• 3Y*: 34.33%
• 5Y*: 18.44%
• 10Y*: 24.81%

INTW

• 1D: -12.49%
• 1M: 12.21%
• YTD: 750.22%
• 6M: 775.58%
• 1Y: 1,964.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPUU vs. INTW - Yearly Performance Comparison

	2026 (YTD)	2025
SPUU Direxion Daily S&P 500 Bull 2X ETF	13.33%	20.57%
INTW GraniteShares 2x Long INTC Daily ETF	750.22%	60.89%

Correlation

The correlation between SPUU and INTW is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.46

SPUU vs. INTW - Sectors Allocation Comparison

Sectors	SPUU	INTW
Technology	39.0%	66.7%
Financial Services	11.1%	-
Communication Services	10.6%	-
Consumer Cyclical	9.9%	-
Healthcare	8.3%	-
Industrials	7.8%	-
Consumer Defensive	4.5%	-
Energy	3.1%	-
Utilities	2.1%	-
Real Estate	1.8%	-
Basic Materials	1.7%	-

Return for Risk

SPUU vs. INTW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPUU

SPUU Risk / Return Rank: 51
SPUU Sharpe Ratio Rank: 52
SPUU Sortino Ratio Rank: 47
SPUU Omega Ratio Rank: 48
SPUU Calmar Ratio Rank: 50
SPUU Martin Ratio Rank: 59

INTW

INTW Risk / Return Rank: 98
INTW Sharpe Ratio Rank: 100
INTW Sortino Ratio Rank: 96
INTW Omega Ratio Rank: 94
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 99

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPUU vs. INTW - 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 GraniteShares 2x Long INTC Daily ETF (INTW). 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	INTW	Difference
Sharpe ratio: Return per unit of total volatility	1.72	13.25	-11.53
Sortino ratio: Return per unit of downside risk	2.25	5.13	-2.88
Omega ratio: Gain probability vs. loss probability	1.30	1.65	-0.35
Calmar ratio: Return relative to maximum drawdown	2.38	40.32	-37.95
Martin ratio: Return relative to average drawdown	10.11	91.49	-81.39

SPUU vs. INTW - Sharpe Ratio Comparison

The current SPUU Sharpe Ratio is 1.72, which is lower than the INTW Sharpe Ratio of 13.25. The chart below compares the historical Sharpe Ratios of SPUU and INTW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPUU vs. INTW - Drawdown Comparison

The maximum SPUU drawdown since its inception was -59.35%, roughly equal to the maximum INTW drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for SPUU and INTW.

Drawdown Indicators

	SPUU	INTW	Difference
Max Drawdown Largest peak-to-trough decline	-59.35%	-60.58%	+1.23%
Max Drawdown (1Y) Largest decline over 1 year	-18.19%	-49.34%	+31.15%
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 Drawdown Current decline from peak	-6.62%	-12.49%	+5.87%
Average Drawdown Average peak-to-trough decline	-9.48%	-29.66%	+20.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.27%	21.70%	-17.43%

Volatility

SPUU vs. INTW - Volatility Comparison

The current volatility for Direxion Daily S&P 500 Bull 2X ETF (SPUU) is 9.70%, while GraniteShares 2x Long INTC Daily ETF (INTW) has a volatility of 55.81%. This indicates that SPUU experiences smaller price fluctuations and is considered to be less risky than INTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPUU	INTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.70%	55.81%	-46.11%
Volatility (6M) Calculated over the trailing 6-month period	19.93%	119.10%	-99.17%
Volatility (1Y) Calculated over the trailing 1-year period	25.22%	150.14%	-124.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.67%	148.88%	-115.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.81%	148.88%	-113.07%

SPUU vs. INTW - Expense Ratio Comparison

SPUU has a 0.60% expense ratio, which is lower than INTW's 1.50% expense ratio.

Dividends

SPUU vs. INTW - Dividend Comparison

SPUU's dividend yield for the trailing twelve months is around 1.42%, while INTW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INTW GraniteShares 2x Long INTC Daily ETF	0.00%	0.00%	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	1.42%	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

Can I hold both SPUU and INTW in my portfolio?

SPUU and INTW have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPUU or INTW?

INTW has higher volatility (55.81%) compared to SPUU (9.70%). In terms of maximum drawdown, SPUU dropped -59.35% vs INTW's -60.58%.

Which ETF is better, SPUU or INTW?

On 1-year performance, INTW leads with 1964.55% vs 43.00% for SPUU. On fees, SPUU is cheaper at 0.60% per year. On volatility, SPUU has been the lower-risk option at 9.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPUU or INTW?

Over the 1-year period, INTW has performed better with a 1964.55% return vs 43.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPUU or INTW?

SPUU is cheaper with a 0.60% expense ratio, compared with 1.50% for INTW.

Which ETF pays a higher dividend yield, SPUU or INTW?

SPUU has the higher dividend yield at 1.42%, compared with 0.00% for INTW.

What is the main difference between SPUU and INTW?

They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 0.60% for SPUU and 1.50% for INTW.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (13.25 vs 1.72), 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.