STFAX vs. SPXL
Compare and contrast key facts about State Street Equity 500 Index Fund (STFAX) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
STFAX is managed by State Street. It was launched on Apr 18, 2001. SPXL 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.
Performance
STFAX vs. SPXL - Performance Comparison
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STFAX vs. SPXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STFAX State Street Equity 500 Index Fund | -4.37% | 17.63% | 24.80% | 26.09% | -18.28% | 28.31% | -88.19% | 31.13% | -4.52% | 21.43% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | -14.06% | 31.94% | 63.61% | 69.49% | -56.55% | 98.75% | 9.64% | 102.80% | -25.11% | 71.03% |
Returns By Period
In the year-to-date period, STFAX achieves a -4.37% return, which is significantly higher than SPXL's -14.06% return. Over the past 10 years, STFAX has underperformed SPXL with an annualized return of -9.57%, while SPXL has yielded a comparatively higher 25.61% annualized return.
STFAX
- 1D
- 2.92%
- 1M
- -5.04%
- YTD
- -4.37%
- 6M
- -2.22%
- 1Y
- 17.12%
- 3Y*
- 18.11%
- 5Y*
- 11.58%
- 10Y*
- -9.57%
SPXL
- 1D
- 2.30%
- 1M
- -13.75%
- YTD
- -14.06%
- 6M
- -11.40%
- 1Y
- 34.55%
- 3Y*
- 38.52%
- 5Y*
- 17.51%
- 10Y*
- 25.61%
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STFAX vs. SPXL - Expense Ratio Comparison
STFAX has a 0.17% expense ratio, which is lower than SPXL's 1.02% expense ratio.
Return for Risk
STFAX vs. SPXL — Risk / Return Rank
STFAX
SPXL
STFAX vs. SPXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Equity 500 Index Fund (STFAX) 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.
| STFAX | SPXL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.64 | +0.33 |
Sortino ratioReturn per unit of downside risk | 1.48 | 1.22 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.07 | +0.43 |
Martin ratioReturn relative to average drawdown | 7.21 | 4.25 | +2.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| STFAX | SPXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.64 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.35 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.29 | 0.48 | -0.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.48 | -0.55 |
Correlation
The correlation between STFAX and SPXL is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
STFAX vs. SPXL - Dividend Comparison
STFAX's dividend yield for the trailing twelve months is around 1.35%, more than SPXL's 0.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STFAX State Street Equity 500 Index Fund | 1.35% | 1.29% | 1.47% | 1.63% | 2.01% | 2.61% | 1.71% | 4.28% | 5.02% | 5.78% | 1.92% | 1.69% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.78% | 0.69% | 0.74% | 0.98% | 0.32% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% | 0.00% | 0.00% |
Drawdowns
STFAX vs. SPXL - Drawdown Comparison
The maximum STFAX drawdown since its inception was -91.92%, which is greater than SPXL's maximum drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for STFAX and SPXL.
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Drawdown Indicators
| STFAX | SPXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.92% | -76.86% | -15.06% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -33.42% | +21.32% |
Max Drawdown (5Y)Largest decline over 5 years | -24.57% | -63.80% | +39.23% |
Max Drawdown (10Y)Largest decline over 10 years | -91.92% | -76.86% | -15.06% |
Current DrawdownCurrent decline from peak | -79.13% | -18.62% | -60.51% |
Average DrawdownAverage peak-to-trough decline | -29.33% | -15.85% | -13.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 8.42% | -5.89% |
Volatility
STFAX vs. SPXL - Volatility Comparison
The current volatility for State Street Equity 500 Index Fund (STFAX) is 5.34%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 16.04%. This indicates that STFAX experiences smaller price fluctuations and is considered to be less risky than SPXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STFAX | SPXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 16.04% | -10.70% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 28.52% | -18.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.29% | 54.32% | -36.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.89% | 50.26% | -33.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.65% | 53.36% | -19.71% |