USD=X vs. SPXL
USD=X (USD Cash) is a currency, while SPXL (Direxion Daily S&P 500 Bull 3X ETF) is Leveraged Equities fund tracking the S&P 500. Over the past 10 years, USD=X returned 0.00%/yr vs 29.42%/yr for SPXL.
Performance
USD=X vs. SPXL - Performance Comparison
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Returns By Period
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
SPXL
- 1D
- 0.75%
- 1M
- -0.39%
- YTD
- 20.19%
- 6M
- 19.28%
- 1Y
- 68.17%
- 3Y*
- 49.02%
- 5Y*
- 22.10%
- 10Y*
- 29.42%
USD=X vs. SPXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPXL Direxion Daily S&P 500 Bull 3X ETF | 20.19% | 31.94% | 63.61% | 69.49% | -56.55% | 98.75% | 9.64% | 102.80% | -25.11% | 71.03% |
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Return for Risk
USD=X vs. SPXL — Risk / Return Rank
USD=X
SPXL
USD=X vs. SPXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USD Cash (USD=X) and Direxion Daily S&P 500 Bull 3X ETF (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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| USD=X | SPXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.89 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.44 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.52 | — |
Drawdowns
USD=X vs. SPXL - Drawdown Comparison
The maximum USD=X drawdown since its inception was 0.00%, smaller than the maximum SPXL drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for USD=X and SPXL.
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Drawdown Indicators
| USD=X | SPXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -76.86% | +76.86% |
Max Drawdown (1Y)Largest decline over 1 year | 0.00% | -26.77% | +26.77% |
Max Drawdown (3Y)Largest decline over 3 years | 0.00% | -48.95% | +48.95% |
Max Drawdown (5Y)Largest decline over 5 years | 0.00% | -63.80% | +63.80% |
Max Drawdown (10Y)Largest decline over 10 years | 0.00% | -76.86% | +76.86% |
Current DrawdownCurrent decline from peak | 0.00% | -8.16% | +8.16% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -15.72% | +15.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 6.37% | -6.37% |
Volatility
USD=X vs. SPXL - Volatility Comparison
The current volatility for USD Cash (USD=X) is 0.00%, while Direxion Daily S&P 500 Bull 3X ETF (SPXL) has a volatility of 11.41%. This indicates that USD=X 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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Volatility by Period
| USD=X | SPXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 11.41% | -11.41% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 27.97% | -27.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.00% | 36.23% | -36.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.00% | 50.36% | -50.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.00% | 53.49% | -53.49% |
Frequently Asked Questions
SPXL has higher volatility (11.41%) compared to USD=X (0.00%). In terms of maximum drawdown, USD=X dropped 0.00% vs SPXL's -76.86%.
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