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SPXL vs. SPXS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPXL and SPXS is -1.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0-1.0

Performance

SPXL vs. SPXS - Performance Comparison

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

0.00%1,000.00%2,000.00%3,000.00%4,000.00%5,000.00%6,000.00%JulyAugustSeptemberOctoberNovemberDecember
5,136.16%
-99.99%
SPXL
SPXS

Key characteristics

Sharpe Ratio

SPXL:

2.04

SPXS:

-1.25

Sortino Ratio

SPXL:

2.45

SPXS:

-2.09

Omega Ratio

SPXL:

1.34

SPXS:

0.77

Calmar Ratio

SPXL:

2.41

SPXS:

-0.47

Martin Ratio

SPXL:

12.24

SPXS:

-1.41

Ulcer Index

SPXL:

6.18%

SPXS:

32.97%

Daily Std Dev

SPXL:

37.04%

SPXS:

37.18%

Max Drawdown

SPXL:

-76.86%

SPXS:

-100.00%

Current Drawdown

SPXL:

-8.08%

SPXS:

-100.00%

Returns By Period

In the year-to-date period, SPXL achieves a 68.38% return, which is significantly higher than SPXS's -44.39% return. Over the past 10 years, SPXL has outperformed SPXS with an annualized return of 23.67%, while SPXS has yielded a comparatively lower -39.32% annualized return.


SPXL

YTD

68.38%

1M

-1.82%

6M

18.95%

1Y

69.76%

5Y*

22.17%

10Y*

23.67%

SPXS

YTD

-44.39%

1M

1.32%

6M

-20.19%

1Y

-44.72%

5Y*

-45.07%

10Y*

-39.32%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


SPXL vs. SPXS - Expense Ratio Comparison

SPXL has a 1.02% expense ratio, which is lower than SPXS's 1.08% expense ratio.


SPXS
Direxion Daily S&P 500 Bear 3X Shares
Expense ratio chart for SPXS: current value at 1.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.08%
Expense ratio chart for SPXL: current value at 1.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.02%

Risk-Adjusted Performance

SPXL vs. SPXS - 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 Direxion Daily S&P 500 Bear 3X Shares (SPXS). 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.


Sharpe ratio
The chart of Sharpe ratio for SPXL, currently valued at 2.04, compared to the broader market0.002.004.002.04-1.25
The chart of Sortino ratio for SPXL, currently valued at 2.45, compared to the broader market-2.000.002.004.006.008.0010.002.45-2.09
The chart of Omega ratio for SPXL, currently valued at 1.34, compared to the broader market0.501.001.502.002.503.001.340.77
The chart of Calmar ratio for SPXL, currently valued at 2.41, compared to the broader market0.005.0010.0015.002.41-0.47
The chart of Martin ratio for SPXL, currently valued at 12.24, compared to the broader market0.0020.0040.0060.0080.00100.0012.24-1.41
SPXL
SPXS

The current SPXL Sharpe Ratio is 2.04, which is higher than the SPXS Sharpe Ratio of -1.25. The chart below compares the historical Sharpe Ratios of SPXL and SPXS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-2.00-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
2.04
-1.25
SPXL
SPXS

Dividends

SPXL vs. SPXS - Dividend Comparison

SPXL's dividend yield for the trailing twelve months is around 0.53%, less than SPXS's 5.49% yield.


TTM2023202220212020201920182017
SPXL
Direxion Daily S&P 500 Bull 3X Shares
0.53%0.98%0.33%0.11%0.22%0.84%1.02%3.88%
SPXS
Direxion Daily S&P 500 Bear 3X Shares
5.49%5.66%0.00%0.00%0.51%1.74%0.58%0.00%

Drawdowns

SPXL vs. SPXS - Drawdown Comparison

The maximum SPXL drawdown since its inception was -76.86%, smaller than the maximum SPXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SPXL and SPXS. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-8.08%
-100.00%
SPXL
SPXS

Volatility

SPXL vs. SPXS - Volatility Comparison

Direxion Daily S&P 500 Bull 3X Shares (SPXL) and Direxion Daily S&P 500 Bear 3X Shares (SPXS) have volatilities of 11.49% and 11.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
11.49%
11.00%
SPXL
SPXS
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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