SPXU vs. SPXL

In the year-to-date period, SPXU achieves a -11.32% return, which is significantly lower than SPXL's -10.41% return. Over the past 10 years, SPXU has underperformed SPXL with an annualized return of -38.98%, while SPXL has yielded a comparatively higher 21.33% annualized return.

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SPXU has a 0.93% expense ratio, which is lower than SPXL's 1.02% expense ratio.

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short S&P500 (SPXU) and Direxion Daily S&P 500 Bull 3X Shares (SPXL). 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.

The current SPXU Sharpe Ratio is -0.62, which is lower than the SPXL Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of SPXU and SPXL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

SPXU's dividend yield for the trailing twelve months is around 8.97%, more than SPXL's 0.89% yield.

The maximum SPXU drawdown since its inception was -99.99%, which is greater than SPXL's maximum drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for SPXU and SPXL. For additional features, visit the drawdowns tool.

ProShares UltraPro Short S&P500 (SPXU) and Direxion Daily S&P 500 Bull 3X Shares (SPXL) have volatilities of 18.84% and 18.50%, 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.