SPUU vs. NXT
Compare and contrast key facts about Direxion Daily S&P 500 Bull 2x Shares (SPUU) and Nextracker Inc (NXT).
SPUU is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (200%). It was launched on May 28, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPUU or NXT.
Correlation
The correlation between SPUU and NXT is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SPUU vs. NXT - Performance Comparison
Key characteristics
SPUU:
0.30
NXT:
-0.03
SPUU:
0.68
NXT:
0.44
SPUU:
1.10
NXT:
1.05
SPUU:
0.33
NXT:
-0.03
SPUU:
1.27
NXT:
-0.05
SPUU:
9.12%
NXT:
30.57%
SPUU:
38.15%
NXT:
59.34%
SPUU:
-59.35%
NXT:
-48.61%
SPUU:
-22.65%
NXT:
-30.48%
Returns By Period
In the year-to-date period, SPUU achieves a -16.22% return, which is significantly lower than NXT's 15.35% return.
SPUU
-16.22%
-11.91%
-14.82%
8.79%
25.07%
17.47%
NXT
15.35%
-7.78%
35.28%
-3.60%
N/A
N/A
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Risk-Adjusted Performance
SPUU vs. NXT — Risk-Adjusted Performance Rank
SPUU
NXT
SPUU vs. NXT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 Bull 2x Shares (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.
Dividends
SPUU vs. NXT - Dividend Comparison
SPUU's dividend yield for the trailing twelve months is around 0.73%, while NXT has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPUU Direxion Daily S&P 500 Bull 2x Shares | 0.73% | 0.55% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 1.26% |
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% |
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. For additional features, visit the drawdowns tool.
Volatility
SPUU vs. NXT - Volatility Comparison
Direxion Daily S&P 500 Bull 2x Shares (SPUU) has a higher volatility of 27.63% compared to Nextracker Inc (NXT) at 16.21%. This indicates that SPUU's price experiences larger fluctuations and is considered to be riskier than NXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.