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

Correlation

The correlation between SPXU and SPXL 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

SPXU vs. SPXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Short S&P500 (SPXU) and Direxion Daily S&P 500 Bull 3X Shares (SPXL). The values are adjusted to include any dividend payments, if applicable.

0.00%2,000.00%4,000.00%6,000.00%8,000.00%JulyAugustSeptemberOctoberNovemberDecember
-99.98%
7,704.90%
SPXU
SPXL

Key characteristics

Sharpe Ratio

SPXU:

-1.27

SPXL:

2.04

Sortino Ratio

SPXU:

-2.13

SPXL:

2.45

Omega Ratio

SPXU:

0.77

SPXL:

1.34

Calmar Ratio

SPXU:

-0.47

SPXL:

2.41

Martin Ratio

SPXU:

-1.41

SPXL:

12.24

Ulcer Index

SPXU:

33.34%

SPXL:

6.18%

Daily Std Dev

SPXU:

37.10%

SPXL:

37.04%

Max Drawdown

SPXU:

-99.99%

SPXL:

-76.86%

Current Drawdown

SPXU:

-99.98%

SPXL:

-8.08%

Returns By Period

In the year-to-date period, SPXU achieves a -44.82% return, which is significantly lower than SPXL's 68.38% return. Over the past 10 years, SPXU has underperformed SPXL with an annualized return of -39.10%, while SPXL has yielded a comparatively higher 23.67% annualized return.


SPXU

YTD

-44.82%

1M

1.13%

6M

-20.56%

1Y

-45.27%

5Y*

-45.11%

10Y*

-39.10%

SPXL

YTD

68.38%

1M

-1.82%

6M

18.95%

1Y

69.76%

5Y*

22.17%

10Y*

23.67%

Compare stocks, funds, or ETFs

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


SPXU vs. SPXL - Expense Ratio Comparison

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


SPXL
Direxion Daily S&P 500 Bull 3X Shares
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%
Expense ratio chart for SPXU: current value at 0.93% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.93%

Risk-Adjusted Performance

SPXU vs. SPXL - Risk-Adjusted Performance Comparison

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.


Sharpe ratio
The chart of Sharpe ratio for SPXU, currently valued at -1.27, compared to the broader market0.002.004.00-1.272.04
The chart of Sortino ratio for SPXU, currently valued at -2.13, compared to the broader market-2.000.002.004.006.008.0010.00-2.132.45
The chart of Omega ratio for SPXU, currently valued at 0.77, compared to the broader market0.501.001.502.002.503.000.771.34
The chart of Calmar ratio for SPXU, currently valued at -0.47, compared to the broader market0.005.0010.0015.00-0.472.41
The chart of Martin ratio for SPXU, currently valued at -1.41, compared to the broader market0.0020.0040.0060.0080.00100.00-1.4112.24
SPXU
SPXL

The current SPXU Sharpe Ratio is -1.27, which is lower than the SPXL Sharpe Ratio of 2.04. 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.


Rolling 12-month Sharpe Ratio-2.00-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-1.27
2.04
SPXU
SPXL

Dividends

SPXU vs. SPXL - Dividend Comparison

SPXU's dividend yield for the trailing twelve months is around 7.43%, more than SPXL's 0.53% yield.


TTM2023202220212020201920182017
SPXU
ProShares UltraPro Short S&P500
7.43%7.07%0.39%0.00%0.71%2.14%1.41%0.11%
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%

Drawdowns

SPXU vs. SPXL - Drawdown Comparison

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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-99.98%
-8.08%
SPXU
SPXL

Volatility

SPXU vs. SPXL - Volatility Comparison

ProShares UltraPro Short S&P500 (SPXU) and Direxion Daily S&P 500 Bull 3X Shares (SPXL) have volatilities of 10.93% and 11.49%, 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
10.93%
11.49%
SPXU
SPXL
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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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