SPXL vs. ^NDX
Compare and contrast key facts about Direxion Daily S&P 500 Bull 3X Shares (SPXL) and NASDAQ 100 (^NDX).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPXL or ^NDX.
Correlation
The correlation between SPXL and ^NDX is 0.90, 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
SPXL vs. ^NDX - Performance Comparison
Key characteristics
SPXL:
2.04
^NDX:
1.58
SPXL:
2.45
^NDX:
2.12
SPXL:
1.34
^NDX:
1.29
SPXL:
2.41
^NDX:
2.11
SPXL:
12.24
^NDX:
7.52
SPXL:
6.18%
^NDX:
3.80%
SPXL:
37.04%
^NDX:
18.07%
SPXL:
-76.86%
^NDX:
-82.90%
SPXL:
-8.08%
^NDX:
-3.65%
Returns By Period
In the year-to-date period, SPXL achieves a 68.38% return, which is significantly higher than ^NDX's 26.53% return. Over the past 10 years, SPXL has outperformed ^NDX with an annualized return of 23.67%, while ^NDX has yielded a comparatively lower 17.44% annualized return.
SPXL
68.38%
-1.82%
18.95%
69.76%
22.17%
23.67%
^NDX
26.53%
3.01%
8.06%
27.04%
19.69%
17.44%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
SPXL vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 Bull 3X Shares (SPXL) and NASDAQ 100 (^NDX). 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.
Drawdowns
SPXL vs. ^NDX - Drawdown Comparison
The maximum SPXL drawdown since its inception was -76.86%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for SPXL and ^NDX. For additional features, visit the drawdowns tool.
Volatility
SPXL vs. ^NDX - Volatility Comparison
Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a higher volatility of 11.49% compared to NASDAQ 100 (^NDX) at 5.35%. This indicates that SPXL's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.