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.
Key characteristics
| TRML | SPXL | |
|---|---|---|
| YTD Return | -19.79% | 47.78% |
| 1Y Return | 61.91% | 76.19% |
| 3Y Return (Ann) | -30.64% | 10.19% |
| Sharpe Ratio | 0.71 | 2.00 |
| Daily Std Dev | 87.59% | 37.60% |
| Max Drawdown | -94.97% | -76.86% |
| Current Drawdown | -74.60% | -5.80% |
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
In the year-to-date period, TRML achieves a -19.79% return, which is significantly lower than SPXL's 47.78% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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's dividend yield for the trailing twelve months is around 71.99%, more than SPXL's 0.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
TRML Tourmaline Bio Inc. | 71.99% | 57.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.68% | 0.98% | 0.32% | 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 24.57% compared to Direxion Daily S&P 500 Bull 3X Shares (SPXL) at 11.44%. 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.