TWST vs. SPXL
Compare and contrast key facts about Twist Bioscience Corporation (TWST) 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: TWST or SPXL.
Performance
TWST vs. SPXL - Performance Comparison
Returns By Period
In the year-to-date period, TWST achieves a 12.40% return, which is significantly lower than SPXL's 67.17% return.
TWST
12.40%
-11.72%
-7.67%
72.55%
12.68%
N/A
SPXL
67.17%
0.54%
27.32%
94.76%
24.68%
23.90%
Key characteristics
| TWST | SPXL | |
|---|---|---|
| Sharpe Ratio | 1.55 | 2.65 |
| Sortino Ratio | 2.45 | 3.02 |
| Omega Ratio | 1.28 | 1.41 |
| Calmar Ratio | 1.32 | 2.53 |
| Martin Ratio | 6.66 | 15.80 |
| Ulcer Index | 17.62% | 6.06% |
| Daily Std Dev | 71.58% | 36.29% |
| Max Drawdown | -94.48% | -76.86% |
| Current Drawdown | -80.08% | -5.48% |
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Correlation
The correlation between TWST and SPXL is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
TWST vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Twist Bioscience Corporation (TWST) 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
TWST vs. SPXL - Dividend Comparison
TWST has not paid dividends to shareholders, while SPXL's dividend yield for the trailing twelve months is around 0.71%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
TWST Twist Bioscience Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.71% | 0.98% | 0.33% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% |
Drawdowns
TWST vs. SPXL - Drawdown Comparison
The maximum TWST drawdown since its inception was -94.48%, which is greater than SPXL's maximum drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for TWST and SPXL. For additional features, visit the drawdowns tool.
Volatility
TWST vs. SPXL - Volatility Comparison
Twist Bioscience Corporation (TWST) has a higher volatility of 22.67% compared to Direxion Daily S&P 500 Bull 3X Shares (SPXL) at 12.26%. This indicates that TWST'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.