SPXL vs. LINT

Last updated Aug 4, 2026

SPXL (Direxion Daily S&P 500 Bull 3X ETF) and LINT (Direxion Daily INTC Bull 2X Shares) are both Leveraged Equities funds from Direxion. SPXL is passively managed, while LINT is actively managed. Their 0.48 correlation means their historical movements had little consistent relationship. SPXL charges 0.84%/yr vs 0.97%/yr for LINT.

Performance

SPXL vs. LINT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily S&P 500 Bull 3X ETF (SPXL) and Direxion Daily INTC Bull 2X Shares (LINT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPXL achieves a 27.32% return, which is significantly lower than LINT's 266.23% return.

SPXL

• 1D: 4.28%
• 1M: 4.04%
• 6M: 21.44%
• YTD: 27.32%
• 1Y: 61.16%
• 3Y*: 46.76%
• 5Y*: 20.51%
• 10Y*: 28.68%
• ALL TIME*: 27.60%

LINT

• 1D: 1.75%
• 1M: -46.62%
• 6M: 135.02%
• YTD: 266.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
LINT Direxion Daily INTC Bull 2X Shares	$19.84M	$20.02M	$35.16M
SPXL Direxion Daily S&P 500 Bull 3X ETF	$489.09M	$455.54M	$538.26M

SPXL vs. LINT - Yearly Performance Comparison

	2026 (YTD)	2025
SPXL Direxion Daily S&P 500 Bull 3X ETF	27.32%	9.33%
LINT Direxion Daily INTC Bull 2X Shares	266.23%	5.81%

Correlation

The correlation between SPXL and LINT is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	0.48

SPXL vs. LINT - Sectors Allocation Comparison

Sectors	SPXL	LINT
Technology	9.0%	100.0%
Financial Services	2.9%	-
Communication Services	2.2%	-
Healthcare	2.1%	-
Consumer Cyclical	2.1%	-
Industrials	1.8%	-
Consumer Defensive	1.1%	-
Energy	0.8%	-
Utilities	0.6%	-
Real Estate	0.5%	-
Basic Materials	0.4%	-

Return for Risk

SPXL vs. LINT — Risk / Return Rank

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

SPXL

SPXL Risk / Return Rank: 65
SPXL Sharpe Ratio Rank: 68
SPXL Sortino Ratio Rank: 61
SPXL Omega Ratio Rank: 62
SPXL Calmar Ratio Rank: 64
SPXL Martin Ratio Rank: 70

LINT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SPXL vs. LINT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 Bull 3X ETF (SPXL) and Direxion Daily INTC Bull 2X Shares (LINT). 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.

	SPXL	LINT	Difference
Sharpe ratio: Return per unit of total volatility	1.60	—	—
Sortino ratio: Return per unit of downside risk	2.10	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.30	—	—
Martin ratio: Return relative to average drawdown	8.79	—	—

Drawdowns

SPXL vs. LINT - Drawdown Comparison

The maximum SPXL drawdown since its inception was -76.86%, which is greater than LINT's maximum drawdown of -69.02%. Use the drawdown chart below to compare losses from any high point for SPXL and LINT.

Drawdown Indicators

	SPXL	LINT	Difference
Max Drawdown Largest peak-to-trough decline	-76.86%	-69.02%	-7.84%
Max Drawdown (1Y) Largest decline over 1 year	-26.77%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-48.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-63.80%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-76.86%	—	—
Current Drawdown Current decline from peak	-2.71%	-62.23%	+59.52%
Average Drawdown Average peak-to-trough decline	-16.04%	-24.07%	+8.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.98%	—	—

Volatility

Volatility by Period

	SPXL	LINT	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.70%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	38.54%	169.02%	-130.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.67%	169.02%	-118.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.49%	169.02%	-115.53%

SPXL vs. LINT - Expense Ratio Comparison

SPXL has a 0.84% expense ratio, which is lower than LINT's 0.97% expense ratio.

Dividends

SPXL vs. LINT - Dividend Comparison

SPXL's dividend yield for the trailing twelve months is around 0.51%, less than LINT's 0.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
LINT Direxion Daily INTC Bull 2X Shares	0.74%	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPXL Direxion Daily S&P 500 Bull 3X ETF	0.51%	0.69%	0.74%	0.98%	0.32%	0.11%	0.22%	0.84%	1.02%	3.88%

Frequently Asked Questions

Can I hold both SPXL and LINT in my portfolio?

SPXL and LINT have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPXL or LINT?

On fees, SPXL is cheaper at 0.84% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPXL or LINT?

SPXL is cheaper with a 0.84% expense ratio, compared with 0.97% for LINT.

Which ETF pays a higher dividend yield, SPXL or LINT?

LINT has the higher dividend yield at 0.74%, compared with 0.51% for SPXL.

What is the main difference between SPXL and LINT?

Their fees differ too: 0.84% for SPXL and 0.97% for LINT.