TRML vs. SPXL
Compare and contrast key facts about Tourmaline Bio Inc. (TRML) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRML or SPXL.
Correlation
The correlation between TRML and SPXL is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TRML vs. SPXL - Performance Comparison
Key characteristics
TRML:
-0.54
SPXL:
2.00
TRML:
-0.35
SPXL:
2.41
TRML:
0.95
SPXL:
1.33
TRML:
-0.50
SPXL:
2.75
TRML:
-0.80
SPXL:
11.59
TRML:
53.06%
SPXL:
6.58%
TRML:
79.26%
SPXL:
38.08%
TRML:
-94.97%
SPXL:
-76.86%
TRML:
-78.23%
SPXL:
-6.23%
Returns By Period
In the year-to-date period, TRML achieves a -11.24% return, which is significantly lower than SPXL's 4.99% return.
TRML
-11.24%
-9.41%
22.37%
-40.57%
N/A
N/A
SPXL
4.99%
5.16%
19.59%
71.91%
20.37%
25.03%
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Risk-Adjusted Performance
TRML vs. SPXL — Risk-Adjusted Performance Rank
TRML
SPXL
TRML vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tourmaline Bio Inc. (TRML) 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.
Dividends
TRML vs. SPXL - Dividend Comparison
TRML has not paid dividends to shareholders, while SPXL's dividend yield for the trailing twelve months is around 0.70%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
TRML Tourmaline Bio Inc. | 0.00% | 0.00% | 57.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.70% | 0.74% | 0.98% | 0.33% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% |
Drawdowns
TRML vs. SPXL - Drawdown Comparison
The maximum TRML drawdown since its inception was -94.97%, which is greater than SPXL's maximum drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for TRML and SPXL. For additional features, visit the drawdowns tool.
Volatility
TRML vs. SPXL - Volatility Comparison
Tourmaline Bio Inc. (TRML) has a higher volatility of 17.06% compared to Direxion Daily S&P 500 Bull 3X Shares (SPXL) at 15.25%. This indicates that TRML's price experiences larger fluctuations and is considered to be riskier than SPXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.