TPOR vs. SPY
Compare and contrast key facts about Direxion Daily Transportation Bull 3X Shares (TPOR) and SPDR S&P 500 ETF (SPY).
TPOR and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TPOR is a passively managed fund by Direxion that tracks the performance of the Dow Jones Transportation Average Index (300%). It was launched on May 3, 2017. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both TPOR and SPY 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: TPOR or SPY.
Correlation
The correlation between TPOR and SPY is 0.73, 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.
Performance
TPOR vs. SPY - Performance Comparison
Key characteristics
TPOR:
-0.67
SPY:
0.28
TPOR:
-0.81
SPY:
0.54
TPOR:
0.90
SPY:
1.08
TPOR:
-0.66
SPY:
0.29
TPOR:
-2.28
SPY:
1.35
TPOR:
21.48%
SPY:
4.09%
TPOR:
72.77%
SPY:
19.64%
TPOR:
-87.59%
SPY:
-55.19%
TPOR:
-70.66%
SPY:
-13.98%
Returns By Period
In the year-to-date period, TPOR achieves a -43.16% return, which is significantly lower than SPY's -10.04% return.
TPOR
-43.16%
-34.15%
-54.67%
-48.34%
15.39%
N/A
SPY
-10.04%
-7.04%
-9.15%
5.72%
14.60%
11.65%
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TPOR vs. SPY - Expense Ratio Comparison
TPOR has a 1.01% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
TPOR vs. SPY — Risk-Adjusted Performance Rank
TPOR
SPY
TPOR vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Transportation Bull 3X Shares (TPOR) and SPDR S&P 500 ETF (SPY). 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.
Dividends
TPOR vs. SPY - Dividend Comparison
TPOR's dividend yield for the trailing twelve months is around 2.19%, more than SPY's 1.36% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TPOR Direxion Daily Transportation Bull 3X Shares | 2.19% | 1.43% | 1.50% | 0.00% | 0.00% | 0.10% | 0.96% | 1.22% | 8.70% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TPOR vs. SPY - Drawdown Comparison
The maximum TPOR drawdown since its inception was -87.59%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TPOR and SPY. For additional features, visit the drawdowns tool.
Volatility
TPOR vs. SPY - Volatility Comparison
Direxion Daily Transportation Bull 3X Shares (TPOR) has a higher volatility of 48.46% compared to SPDR S&P 500 ETF (SPY) at 14.59%. This indicates that TPOR's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.