SPUU vs. XOMX

Last updated Aug 6, 2026

SPUU (Direxion Daily S&P 500 Bull 2X ETF) and XOMX (Direxion Daily XOM Bull 2X Shares) are both Leveraged Equities funds from Direxion. SPUU is passively managed, while XOMX is actively managed. Over the past year, SPUU returned 43.76% vs 81.54% for XOMX. Their -0.17 correlation means they have often moved in opposite directions in the past. SPUU charges 0.60%/yr vs 1.07%/yr for XOMX.

Performance

SPUU vs. XOMX - 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 Direxion Daily XOM Bull 2X Shares (XOMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPUU achieves a 23.91% return, which is significantly lower than XOMX's 46.54% return.

SPUU

• 1D: -0.36%
• 1M: 4.55%
• 6M: 22.96%
• YTD: 23.91%
• 1Y: 43.76%
• 3Y*: 36.03%
• 5Y*: 18.72%
• 10Y*: 24.23%
• ALL TIME*: 21.94%

XOMX

• 1D: -3.24%
• 1M: 21.85%
• 6M: -0.92%
• YTD: 46.54%
• 1Y: 81.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 52.32%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SPUU Direxion Daily S&P 500 Bull 2X ETF	$5.27M	$4.83M	$4.60M
XOMX Direxion Daily XOM Bull 2X Shares	$1.33M	$1.20M	$1.10M

SPUU vs. XOMX - Yearly Performance Comparison

	2026 (YTD)	2025
SPUU Direxion Daily S&P 500 Bull 2X ETF	23.91%	63.04%
XOMX Direxion Daily XOM Bull 2X Shares	46.54%	17.15%

Correlation

The correlation between SPUU and XOMX is -0.23, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.23
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	-0.17

SPUU vs. XOMX - Sectors Allocation Comparison

Sectors	SPUU	XOMX
Technology	17.0%	-
Financial Services	5.5%	-
Communication Services	4.2%	-
Healthcare	4.1%	-
Consumer Cyclical	3.9%	-
Industrials	3.5%	-
Consumer Defensive	2.1%	-
Energy	1.5%	100.0%
Utilities	1.2%	-
Real Estate	0.9%	-
Basic Materials	0.8%	-

Return for Risk

SPUU vs. XOMX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SPUU

SPUU Risk / Return Rank: 62
SPUU Sharpe Ratio Rank: 63
SPUU Sortino Ratio Rank: 58
SPUU Omega Ratio Rank: 58
SPUU Calmar Ratio Rank: 60
SPUU Martin Ratio Rank: 70

XOMX

XOMX Risk / Return Rank: 51
XOMX Sharpe Ratio Rank: 60
XOMX Sortino Ratio Rank: 52
XOMX Omega Ratio Rank: 51
XOMX Calmar Ratio Rank: 50
XOMX Martin Ratio Rank: 40

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SPUU vs. XOMX - 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 Direxion Daily XOM Bull 2X Shares (XOMX). 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	XOMX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.64	+0.06
Sortino ratio: Return per unit of downside risk	2.26	2.11	+0.15
Omega ratio: Gain probability vs. loss probability	1.29	1.27	+0.02
Calmar ratio: Return relative to maximum drawdown	2.42	2.07	+0.35
Martin ratio: Return relative to average drawdown	9.75	4.93	+4.82

SPUU vs. XOMX - Sharpe Ratio Comparison

The current SPUU Sharpe Ratio is 1.70, which is comparable to the XOMX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of SPUU and XOMX, 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. XOMX - Drawdown Comparison

The maximum SPUU drawdown since its inception was -59.35%, which is greater than XOMX's maximum drawdown of -39.64%. Use the drawdown chart below to compare losses from any high point for SPUU and XOMX.

Drawdown Indicators

	SPUU	XOMX	Difference
Max Drawdown Largest peak-to-trough decline	-59.35%	-39.64%	-19.71%
Max Drawdown (1Y) Largest decline over 1 year	-18.19%	-39.64%	+21.45%
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	-0.36%	-26.16%	+25.80%
Average Drawdown Average peak-to-trough decline	-9.43%	-10.91%	+1.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.50%	16.60%	-12.10%

Volatility

SPUU vs. XOMX - Volatility Comparison

The current volatility for Direxion Daily S&P 500 Bull 2X ETF (SPUU) is 8.12%, while Direxion Daily XOM Bull 2X Shares (XOMX) has a volatility of 14.02%. This indicates that SPUU experiences smaller price fluctuations and is considered to be less risky than XOMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPUU	XOMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.12%	14.02%	-5.90%
Volatility (6M) Calculated over the trailing 6-month period	20.70%	41.39%	-20.69%
Volatility (1Y) Calculated over the trailing 1-year period	25.84%	49.99%	-24.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.76%	48.40%	-14.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.81%	48.40%	-12.59%

SPUU vs. XOMX - Expense Ratio Comparison

SPUU has a 0.60% expense ratio, which is lower than XOMX's 1.07% expense ratio.

Dividends

SPUU vs. XOMX - Dividend Comparison

SPUU's dividend yield for the trailing twelve months is around 1.27%, less than XOMX's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPUU Direxion Daily S&P 500 Bull 2X ETF	1.27%	1.63%	0.55%	0.83%	0.88%	3.04%	8.03%	1.80%	5.50%	6.96%	8.08%	4.42%
XOMX Direxion Daily XOM Bull 2X Shares	1.79%	1.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPUU and XOMX in my portfolio?

SPUU and XOMX have a correlation of -0.23, 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 XOMX?

XOMX has higher volatility (14.02%) compared to SPUU (8.12%). In terms of maximum drawdown, SPUU dropped -59.35% vs XOMX's -39.64%.

Which ETF is better, SPUU or XOMX?

On 1-year performance, XOMX leads with 81.54% vs 43.76% for SPUU. On fees, SPUU is cheaper at 0.60% per year. On volatility, SPUU has been the lower-risk option at 8.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPUU or XOMX?

Over the 1-year period, XOMX has performed better with a 81.54% return vs 43.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPUU or XOMX?

SPUU is cheaper with a 0.60% expense ratio, compared with 1.07% for XOMX.

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

XOMX has the higher dividend yield at 1.79%, compared with 1.27% for SPUU.

What is the main difference between SPUU and XOMX?

Their fees differ too: 0.60% for SPUU and 1.07% for XOMX.

Which has better risk-adjusted returns?

SPUU currently has the higher Sharpe Ratio (1.70 vs 1.64), 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.