SPUU vs. NXT
SPUU (Direxion Daily S&P 500 Bull 2X ETF) is Leveraged Equities fund tracking the S&P 500 Index (200% Daily), while NXT (Nextracker Inc) is a stock. Over the past 3 years, SPUU returned 34.33%/yr vs 46.17%/yr for NXT. At a 0.37 correlation, their price movements are largely independent.
Performance
SPUU vs. NXT - Performance Comparison
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Returns By Period
In the year-to-date period, SPUU achieves a 13.33% return, which is significantly lower than NXT's 38.49% 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%
NXT
- 1D
- -6.53%
- 1M
- -7.56%
- YTD
- 38.49%
- 6M
- 32.51%
- 1Y
- 114.66%
- 3Y*
- 46.17%
- 5Y*
- —
- 10Y*
- —
SPUU vs. NXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPUU Direxion Daily S&P 500 Bull 2X ETF | 13.33% | 26.55% | 44.25% | 28.67% |
NXT Nextracker Inc | 38.49% | 138.46% | -22.03% | 54.57% |
Correlation
The correlation between SPUU and NXT is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2023 | 0.37 |
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Return for Risk
SPUU vs. NXT — Risk / Return Rank
SPUU
NXT
SPUU vs. NXT - 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 Nextracker Inc (NXT). 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 | NXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 4.06 | -1.68 |
| Martin ratioReturn relative to average drawdown | 10.11 | 9.74 | +0.37 |
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Drawdowns
SPUU vs. NXT - Drawdown Comparison
The maximum SPUU drawdown since its inception was -59.35%, which is greater than NXT's maximum drawdown of -48.61%. Use the drawdown chart below to compare losses from any high point for SPUU and NXT.
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Drawdown Indicators
| SPUU | NXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.35% | -48.61% | -10.74% |
Max Drawdown (1Y)Largest decline over 1 year | -18.19% | -28.42% | +10.23% |
Max Drawdown (3Y)Largest decline over 3 years | -35.18% | -48.61% | +13.43% |
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 | -6.62% | -22.86% | +16.24% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -15.38% | +5.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 11.82% | -7.55% |
Volatility
SPUU vs. NXT - Volatility Comparison
The current volatility for Direxion Daily S&P 500 Bull 2X ETF (SPUU) is 9.70%, while Nextracker Inc (NXT) has a volatility of 27.64%. This indicates that SPUU experiences smaller price fluctuations and is considered to be less risky than NXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPUU | NXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.70% | 27.64% | -17.94% |
Volatility (6M)Calculated over the trailing 6-month period | 19.93% | 50.12% | -30.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.22% | 66.21% | -40.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.67% | 60.71% | -27.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.81% | 60.71% | -24.90% |
Dividends
SPUU vs. NXT - Dividend Comparison
SPUU's dividend yield for the trailing twelve months is around 1.42%, while NXT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NXT Nextracker Inc | 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
SPUU and NXT have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXT has higher volatility (27.64%) compared to SPUU (9.70%). In terms of maximum drawdown, SPUU dropped -59.35% vs NXT's -48.61%.
NXT currently has the higher Sharpe Ratio (1.74 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.
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