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.
SPXL vs. UJPIX
Compare and contrast key facts about Direxion Daily S&P 500 Bull 3X Shares (SPXL) and ProFunds UltraJapan Fund (UJPIX).
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. UJPIX is managed by ProFunds. It was launched on Feb 6, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPXL or UJPIX.
Performance
SPXL vs. UJPIX - Performance Comparison
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Key characteristics
SPXL:
0.30
UJPIX:
-0.13
SPXL:
0.71
UJPIX:
0.07
SPXL:
1.10
UJPIX:
1.01
SPXL:
0.26
UJPIX:
-0.23
SPXL:
0.82
UJPIX:
-0.47
SPXL:
15.58%
UJPIX:
21.65%
SPXL:
58.28%
UJPIX:
51.78%
SPXL:
-76.86%
UJPIX:
-89.83%
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
-9.94%
15.78%
-17.59%
14.59%
21.18%
30.98%
21.54%
UJPIX
-9.78%
4.17%
-5.00%
-8.71%
23.91%
22.23%
9.30%
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SPXL vs. UJPIX - Expense Ratio Comparison
SPXL has a 1.02% expense ratio, which is lower than UJPIX's 1.78% expense ratio.
Risk-Adjusted Performance
SPXL vs. UJPIX — Risk-Adjusted Performance Rank
SPXL
UJPIX
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.
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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.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
---|---|---|---|---|---|---|---|---|---|
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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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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