Correlation
The correlation between URSIX and SPXL is 0.94, 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.
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.
Performance
URSIX vs. SPXL - Performance Comparison
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Key characteristics
URSIX:
0.76
SPXL:
0.30
URSIX:
1.04
SPXL:
0.71
URSIX:
1.15
SPXL:
1.10
URSIX:
0.72
SPXL:
0.26
URSIX:
3.22
SPXL:
0.82
URSIX:
3.23%
SPXL:
15.58%
URSIX:
15.25%
SPXL:
58.28%
URSIX:
-30.33%
SPXL:
-76.86%
URSIX:
-0.27%
SPXL:
-19.56%
Returns By Period
In the year-to-date period, URSIX achieves a 5.40% return, which is significantly higher than SPXL's -9.94% return. Over the past 10 years, URSIX has underperformed SPXL with an annualized return of 7.39%, while SPXL has yielded a comparatively higher 21.54% annualized return.
URSIX
5.40%
4.80%
1.93%
10.63%
10.10%
11.20%
7.39%
SPXL
-9.94%
15.78%
-17.59%
14.59%
21.18%
30.98%
21.54%
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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 Rank
URSIX
SPXL
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.
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Dividends
URSIX vs. SPXL - Dividend Comparison
URSIX's dividend yield for the trailing twelve months is around 2.62%, more than SPXL's 0.89% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URSIX USAA Target Retirement 2060 Fund | 2.62% | 2.76% | 2.89% | 10.97% | 7.07% | 4.78% | 5.88% | 4.77% | 3.82% | 3.01% | 1.73% | 2.18% |
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% | 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.
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Volatility
URSIX vs. SPXL - Volatility Comparison
The current volatility for USAA Target Retirement 2060 Fund (URSIX) is 3.14%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 14.30%. 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.
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