SPUU vs. SPXL
Compare and contrast key facts about Direxion Daily S&P 500 Bull 2x Shares (SPUU) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
SPUU and SPXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SPXL is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (300%). It was launched on Nov 5, 2008. Both SPUU and SPXL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPUU or SPXL.
Key characteristics
| SPUU | SPXL | |
|---|---|---|
| YTD Return | 50.28% | 75.37% |
| 1Y Return | 68.56% | 107.18% |
| 3Y Return (Ann) | 12.05% | 10.61% |
| 5Y Return (Ann) | 23.50% | 25.62% |
| 10Y Return (Ann) | 20.97% | 24.92% |
| Sharpe Ratio | 3.11 | 3.29 |
| Sortino Ratio | 3.71 | 3.54 |
| Omega Ratio | 1.52 | 1.49 |
| Calmar Ratio | 3.66 | 3.08 |
| Martin Ratio | 19.09 | 19.76 |
| Ulcer Index | 3.92% | 6.04% |
| Daily Std Dev | 24.08% | 36.31% |
| Max Drawdown | -59.35% | -76.86% |
| Current Drawdown | -0.52% | -0.84% |
Correlation
The correlation between SPUU and SPXL is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPUU vs. SPXL - Performance Comparison
In the year-to-date period, SPUU achieves a 50.28% return, which is significantly lower than SPXL's 75.37% return. Over the past 10 years, SPUU has underperformed SPXL with an annualized return of 20.97%, while SPXL has yielded a comparatively higher 24.92% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SPUU vs. SPXL - Expense Ratio Comparison
SPUU has a 0.64% expense ratio, which is lower than SPXL's 1.02% expense ratio.
Risk-Adjusted Performance
SPUU vs. SPXL - 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 Direxion Daily S&P 500 Bull 3X Shares (SPXL). 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. SPXL - Dividend Comparison
SPUU's dividend yield for the trailing twelve months is around 0.66%, less than SPXL's 0.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPUU Direxion Daily S&P 500 Bull 2x Shares | 0.66% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 1.26% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.68% | 0.98% | 0.33% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% | 0.00% | 0.00% |
Drawdowns
SPUU vs. SPXL - Drawdown Comparison
The maximum SPUU drawdown since its inception was -59.35%, smaller than the maximum SPXL drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for SPUU and SPXL. For additional features, visit the drawdowns tool.
Volatility
SPUU vs. SPXL - Volatility Comparison
The current volatility for Direxion Daily S&P 500 Bull 2x Shares (SPUU) is 7.54%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 11.27%. This indicates that SPUU experiences smaller price fluctuations and is considered to be less risky than SPXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.