SPUU vs. SPY
Compare and contrast key facts about Direxion Daily S&P 500 Bull 2x Shares (SPUU) and SPDR S&P 500 ETF (SPY).
SPUU and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both SPUU and SPY 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 SPY.
Key characteristics
| SPUU | SPY | |
|---|---|---|
| YTD Return | 26.77% | 14.55% |
| 1Y Return | 43.39% | 24.41% |
| 3Y Return (Ann) | 12.97% | 10.17% |
| 5Y Return (Ann) | 22.83% | 15.27% |
| 10Y Return (Ann) | 20.16% | 12.82% |
| Sharpe Ratio | 2.10 | 2.30 |
| Daily Std Dev | 22.31% | 11.28% |
| Max Drawdown | -59.35% | -55.19% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SPUU and SPY 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. SPY - Performance Comparison
In the year-to-date period, SPUU achieves a 26.77% return, which is significantly higher than SPY's 14.55% return. Over the past 10 years, SPUU has outperformed SPY with an annualized return of 20.16%, while SPY has yielded a comparatively lower 12.82% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPUU vs. SPY - Expense Ratio Comparison
SPUU has a 0.64% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SPUU vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
SPUU's dividend yield for the trailing twelve months is around 0.87%, less than SPY's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPUU Direxion Daily S&P 500 Bull 2x Shares | 0.87% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 1.26% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.24% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
SPUU vs. SPY - Drawdown Comparison
The maximum SPUU drawdown since its inception was -59.35%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SPUU and SPY. For additional features, visit the drawdowns tool.
Volatility
SPUU vs. SPY - Volatility Comparison
Direxion Daily S&P 500 Bull 2x Shares (SPUU) has a higher volatility of 4.59% compared to SPDR S&P 500 ETF (SPY) at 2.28%. This indicates that SPUU's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.