SPXP.L vs. SPXS
Compare and contrast key facts about Invesco S&P 500 UCITS ETF (SPXP.L) and Direxion Daily S&P 500 Bear 3X Shares (SPXS).
SPXP.L and SPXS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPXP.L is a passively managed fund by Invesco that tracks the performance of the Russell 1000 TR USD. It was launched on May 20, 2010. SPXS 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. Both SPXP.L and SPXS 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: SPXP.L or SPXS.
Performance
SPXP.L vs. SPXS - Performance Comparison
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Key characteristics
SPXP.L:
0.41
SPXS:
-0.59
SPXP.L:
0.65
SPXS:
-0.65
SPXP.L:
1.09
SPXS:
0.91
SPXP.L:
0.32
SPXS:
-0.37
SPXP.L:
0.88
SPXS:
-1.19
SPXP.L:
7.54%
SPXS:
30.79%
SPXP.L:
16.74%
SPXS:
59.28%
SPXP.L:
-25.46%
SPXS:
-100.00%
SPXP.L:
-6.99%
SPXS:
-100.00%
Returns By Period
In the year-to-date period, SPXP.L achieves a -2.67% return, which is significantly higher than SPXS's -24.51% return. Over the past 10 years, SPXP.L has outperformed SPXS with an annualized return of 14.92%, while SPXS has yielded a comparatively lower -40.30% annualized return.
SPXP.L
- YTD
- -2.67%
- 1M
- 3.35%
- 6M
- -4.16%
- 1Y
- 6.91%
- 3Y*
- 13.64%
- 5Y*
- 14.50%
- 10Y*
- 14.92%
SPXS
- YTD
- -24.51%
- 1M
- -9.98%
- 6M
- -20.99%
- 1Y
- -34.96%
- 3Y*
- -40.23%
- 5Y*
- -40.95%
- 10Y*
- -40.30%
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SPXP.L vs. SPXS - Expense Ratio Comparison
SPXP.L has a 0.05% expense ratio, which is lower than SPXS's 1.08% expense ratio.
Risk-Adjusted Performance
SPXP.L vs. SPXS — Risk-Adjusted Performance Rank
SPXP.L
SPXS
SPXP.L vs. SPXS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (SPXP.L) 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.
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Correlation
The correlation between SPXP.L and SPXS is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SPXP.L vs. SPXS - Dividend Comparison
SPXP.L has not paid dividends to shareholders, while SPXS's dividend yield for the trailing twelve months is around 5.42%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
SPXP.L Invesco S&P 500 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPXS Direxion Daily S&P 500 Bear 3X Shares | 5.42% | 6.18% | 5.66% | 0.00% | 0.00% | 0.51% | 1.74% | 0.58% |
Drawdowns
SPXP.L vs. SPXS - Drawdown Comparison
The maximum SPXP.L drawdown since its inception was -25.46%, smaller than the maximum SPXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SPXP.L and SPXS.
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Volatility
SPXP.L vs. SPXS - Volatility Comparison
The current volatility for Invesco S&P 500 UCITS ETF (SPXP.L) is 2.30%, while Direxion Daily S&P 500 Bear 3X Shares (SPXS) has a volatility of 9.36%. This indicates that SPXP.L experiences smaller price fluctuations and is considered to be less risky than SPXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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