URSIX vs. SPXL
Compare and contrast key facts about USAA Target Retirement 2060 Fund (URSIX) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
URSIX is managed by Victory Capital. It was launched on Jul 11, 2013. 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: URSIX or SPXL.
Key characteristics
| URSIX | SPXL | |
|---|---|---|
| YTD Return | 12.86% | 47.78% |
| 1Y Return | 21.26% | 76.19% |
| 3Y Return (Ann) | 5.26% | 10.19% |
| 5Y Return (Ann) | 8.99% | 24.37% |
| 10Y Return (Ann) | 7.13% | 23.26% |
| Sharpe Ratio | 1.89 | 2.00 |
| Daily Std Dev | 11.21% | 37.60% |
| Max Drawdown | -30.33% | -76.86% |
| Current Drawdown | -0.42% | -5.80% |
Correlation
The correlation between URSIX and SPXL is 0.93, 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
URSIX vs. SPXL - Performance Comparison
In the year-to-date period, URSIX achieves a 12.86% return, which is significantly lower than SPXL's 47.78% return. Over the past 10 years, URSIX has underperformed SPXL with an annualized return of 7.13%, while SPXL has yielded a comparatively higher 23.26% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
URSIX vs. SPXL - Expense Ratio Comparison
URSIX has a 0.10% expense ratio, which is lower than SPXL's 1.02% expense ratio.
Risk-Adjusted Performance
URSIX vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Target Retirement 2060 Fund (URSIX) 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
URSIX vs. SPXL - Dividend Comparison
URSIX's dividend yield for the trailing twelve months is around 2.56%, more than SPXL's 0.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URSIX USAA Target Retirement 2060 Fund | 2.56% | 2.89% | 10.97% | 7.07% | 4.79% | 5.88% | 4.77% | 3.82% | 3.01% | 1.73% | 2.18% | 1.10% |
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% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
URSIX vs. SPXL - Drawdown Comparison
The maximum URSIX drawdown since its inception was -30.33%, smaller than the maximum SPXL drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for URSIX and SPXL. For additional features, visit the drawdowns tool.
Volatility
URSIX vs. SPXL - Volatility Comparison
The current volatility for USAA Target Retirement 2060 Fund (URSIX) is 3.01%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 11.44%. This indicates that URSIX experiences smaller price fluctuations and is considered to be less risky than SPXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.