URE vs. SPXL
Compare and contrast key facts about ProShares Ultra Real Estate (URE) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
URE and SPXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. URE is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Real Estate Index (200%). It was launched on Jan 30, 2007. 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. Both URE and SPXL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: URE or SPXL.
Key characteristics
| URE | SPXL | |
|---|---|---|
| YTD Return | 16.38% | 76.40% |
| 1Y Return | 62.34% | 129.94% |
| 3Y Return (Ann) | -9.65% | 10.77% |
| 5Y Return (Ann) | -1.26% | 26.41% |
| 10Y Return (Ann) | 5.08% | 25.01% |
| Sharpe Ratio | 1.71 | 3.39 |
| Sortino Ratio | 2.34 | 3.62 |
| Omega Ratio | 1.29 | 1.50 |
| Calmar Ratio | 0.83 | 2.80 |
| Martin Ratio | 6.02 | 20.61 |
| Ulcer Index | 9.55% | 6.04% |
| Daily Std Dev | 33.62% | 36.64% |
| Max Drawdown | -97.16% | -76.86% |
| Current Drawdown | -49.88% | 0.00% |
Correlation
The correlation between URE and SPXL is 0.67, 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.
Performance
URE vs. SPXL - Performance Comparison
In the year-to-date period, URE achieves a 16.38% return, which is significantly lower than SPXL's 76.40% return. Over the past 10 years, URE has underperformed SPXL with an annualized return of 5.08%, while SPXL has yielded a comparatively higher 25.01% annualized 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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URE vs. SPXL - Expense Ratio Comparison
URE has a 0.95% expense ratio, which is lower than SPXL's 1.02% expense ratio.
Risk-Adjusted Performance
URE vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Real Estate (URE) 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
URE vs. SPXL - Dividend Comparison
URE's dividend yield for the trailing twelve months is around 1.84%, more than SPXL's 0.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URE ProShares Ultra Real Estate | 1.84% | 1.32% | 1.26% | 0.58% | 0.94% | 1.10% | 1.54% | 0.93% | 1.23% | 0.81% | 1.24% | 1.13% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.67% | 0.98% | 0.33% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
URE vs. SPXL - Drawdown Comparison
The maximum URE drawdown since its inception was -97.16%, which is greater than SPXL's maximum drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for URE and SPXL. For additional features, visit the drawdowns tool.
Volatility
URE vs. SPXL - Volatility Comparison
ProShares Ultra Real Estate (URE) and Direxion Daily S&P 500 Bull 3X Shares (SPXL) have volatilities of 11.45% and 11.78%, 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.