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SPXL vs. UJPIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPXL and UJPIX is 0.70, 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

SPXL vs. UJPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily S&P 500 Bull 3X Shares (SPXL) and ProFunds UltraJapan Fund (UJPIX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

SPXL:

0.30

UJPIX:

-0.13

Sortino Ratio

SPXL:

0.71

UJPIX:

0.07

Omega Ratio

SPXL:

1.10

UJPIX:

1.01

Calmar Ratio

SPXL:

0.26

UJPIX:

-0.23

Martin Ratio

SPXL:

0.82

UJPIX:

-0.47

Ulcer Index

SPXL:

15.58%

UJPIX:

21.65%

Daily Std Dev

SPXL:

58.28%

UJPIX:

51.78%

Max Drawdown

SPXL:

-76.86%

UJPIX:

-89.83%

Current Drawdown

SPXL:

-19.56%

UJPIX:

-24.56%

Returns By Period

The year-to-date returns for both investments are quite close, with SPXL having a -9.94% return and UJPIX slightly higher at -9.78%. Over the past 10 years, SPXL has outperformed UJPIX with an annualized return of 21.54%, while UJPIX has yielded a comparatively lower 9.30% annualized return.


SPXL

YTD

-9.94%

1M

15.78%

6M

-17.59%

1Y

14.59%

3Y*

21.18%

5Y*

30.98%

10Y*

21.54%

UJPIX

YTD

-9.78%

1M

4.17%

6M

-5.00%

1Y

-8.71%

3Y*

23.91%

5Y*

22.23%

10Y*

9.30%

*Annualized

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ProFunds UltraJapan Fund

SPXL vs. UJPIX - Expense Ratio Comparison

SPXL has a 1.02% expense ratio, which is lower than UJPIX's 1.78% expense ratio.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

SPXL vs. UJPIX — Risk-Adjusted Performance Rank

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

SPXL
The Risk-Adjusted Performance Rank of SPXL is 3434
Overall Rank
The Sharpe Ratio Rank of SPXL is 3030
Sharpe Ratio Rank
The Sortino Ratio Rank of SPXL is 3838
Sortino Ratio Rank
The Omega Ratio Rank of SPXL is 4141
Omega Ratio Rank
The Calmar Ratio Rank of SPXL is 3131
Calmar Ratio Rank
The Martin Ratio Rank of SPXL is 2929
Martin Ratio Rank

UJPIX
The Risk-Adjusted Performance Rank of UJPIX is 66
Overall Rank
The Sharpe Ratio Rank of UJPIX is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of UJPIX is 99
Sortino Ratio Rank
The Omega Ratio Rank of UJPIX is 99
Omega Ratio Rank
The Calmar Ratio Rank of UJPIX is 33
Calmar Ratio Rank
The Martin Ratio Rank of UJPIX is 55
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SPXL vs. UJPIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 Bull 3X Shares (SPXL) and ProFunds UltraJapan Fund (UJPIX). 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.


The current SPXL Sharpe Ratio is 0.30, which is higher than the UJPIX Sharpe Ratio of -0.13. The chart below compares the historical Sharpe Ratios of SPXL and UJPIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

SPXL vs. UJPIX - Dividend Comparison

SPXL's dividend yield for the trailing twelve months is around 0.89%, less than UJPIX's 7.99% yield.


TTM20242023202220212020201920182017
SPXL
Direxion Daily S&P 500 Bull 3X Shares
0.89%0.74%0.98%0.33%0.11%0.22%0.84%1.02%3.88%
UJPIX
ProFunds UltraJapan Fund
7.99%7.21%0.00%0.00%14.19%0.00%0.00%2.64%0.00%

Drawdowns

SPXL vs. UJPIX - Drawdown Comparison

The maximum SPXL drawdown since its inception was -76.86%, smaller than the maximum UJPIX drawdown of -89.83%. Use the drawdown chart below to compare losses from any high point for SPXL and UJPIX.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

SPXL vs. UJPIX - Volatility Comparison

Direxion Daily S&P 500 Bull 3X Shares (SPXL) and ProFunds UltraJapan Fund (UJPIX) have volatilities of 14.30% and 13.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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