TEXU vs. SPUU

Last updated Jun 30, 2026

TEXU (Direxion Daily Energy Top 5 Bull 2X ETF) and SPUU (Direxion Daily S&P 500 Bull 2X ETF) are both Leveraged Equities funds from Direxion. TEXU is actively managed, while SPUU is passively managed. At a correlation of -0.13, they often move in opposite directions.

Performance

TEXU vs. SPUU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Energy Top 5 Bull 2X ETF (TEXU) and Direxion Daily S&P 500 Bull 2X ETF (SPUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEXU achieves a 36.10% return, which is significantly higher than SPUU's 15.54% return.

TEXU

• 1D: -3.52%
• 1M: -13.41%
• YTD: 36.10%
• 6M: 37.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPUU

• 1D: 2.81%
• 1M: -4.15%
• YTD: 15.54%
• 6M: 13.29%
• 1Y: 39.09%
• 3Y*: 33.25%
• 5Y*: 18.53%
• 10Y*: 24.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TEXU vs. SPUU - Yearly Performance Comparison

	2026 (YTD)	2025
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	36.10%	-1.42%
SPUU Direxion Daily S&P 500 Bull 2X ETF	15.54%	3.50%

Correlation

The correlation between TEXU and SPUU is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	-0.13

Return for Risk

TEXU vs. SPUU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TEXU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SPUU

SPUU Risk / Return Rank: 52
SPUU Sharpe Ratio Rank: 53
SPUU Sortino Ratio Rank: 48
SPUU Omega Ratio Rank: 49
SPUU Calmar Ratio Rank: 50
SPUU Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TEXU vs. SPUU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Top 5 Bull 2X ETF (TEXU) and Direxion Daily S&P 500 Bull 2X ETF (SPUU). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TEXU	SPUU	Difference
Sharpe ratio: Return per unit of total volatility	—	1.56	—
Sortino ratio: Return per unit of downside risk	—	2.09	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	2.16	—
Martin ratio: Return relative to average drawdown	—	9.02	—

Drawdowns

TEXU vs. SPUU - Drawdown Comparison

The maximum TEXU drawdown since its inception was -29.19%, smaller than the maximum SPUU drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for TEXU and SPUU.

Drawdown Indicators

	TEXU	SPUU	Difference
Max Drawdown Largest peak-to-trough decline	-29.19%	-59.35%	+30.16%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.19%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-35.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.59%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-59.35%	—
Current Drawdown Current decline from peak	-29.19%	-4.80%	-24.39%
Average Drawdown Average peak-to-trough decline	-6.96%	-9.48%	+2.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.34%	—

Volatility

Volatility by Period

	TEXU	SPUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	40.81%	25.22%	+15.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.81%	33.69%	+7.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.81%	35.76%	+5.05%

Dividends

TEXU vs. SPUU - Dividend Comparison

TEXU's dividend yield for the trailing twelve months is around 1.62%, more than SPUU's 1.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPUU Direxion Daily S&P 500 Bull 2X ETF	1.36%	1.63%	0.55%	0.83%	0.88%	3.04%	8.03%	1.80%	5.50%	6.96%	8.08%	4.42%
TEXU Direxion Daily Energy Top 5 Bull 2X ETF	1.62%	0.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEXU and SPUU in my portfolio?

TEXU and SPUU have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, TEXU or SPUU?

TEXU has the higher dividend yield at 1.62%, compared with 1.36% for SPUU.