XXXX vs. SPXL
Compare and contrast key facts about MAX S&P 500 4X Leveraged ETN (XXXX) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
XXXX and SPXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XXXX is a passively managed fund by Max that tracks the performance of the S&P 500. It was launched on Dec 4, 2023. 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 XXXX 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: XXXX or SPXL.
Correlation
The correlation between XXXX and SPXL is 0.99, 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
XXXX vs. SPXL - Performance Comparison
Key characteristics
XXXX:
-0.37
SPXL:
-0.46
XXXX:
-0.16
SPXL:
-0.35
XXXX:
0.98
SPXL:
0.95
XXXX:
-0.47
SPXL:
-0.47
XXXX:
-1.56
SPXL:
-2.17
XXXX:
13.94%
SPXL:
10.06%
XXXX:
58.08%
SPXL:
47.09%
XXXX:
-46.29%
SPXL:
-76.86%
XXXX:
-46.29%
SPXL:
-46.09%
Returns By Period
In the year-to-date period, XXXX achieves a -36.76% return, which is significantly higher than SPXL's -39.64% return.
XXXX
-36.76%
-27.72%
-33.95%
-22.07%
N/A
N/A
SPXL
-39.64%
-36.56%
-37.27%
-18.86%
35.38%
17.40%
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XXXX vs. SPXL - Expense Ratio Comparison
XXXX has a 2.95% expense ratio, which is higher than SPXL's 1.02% expense ratio.
Risk-Adjusted Performance
XXXX vs. SPXL — Risk-Adjusted Performance Rank
XXXX
SPXL
XXXX vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MAX S&P 500 4X Leveraged ETN (XXXX) 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
XXXX vs. SPXL - Dividend Comparison
XXXX has not paid dividends to shareholders, while SPXL's dividend yield for the trailing twelve months is around 1.33%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
XXXX MAX S&P 500 4X Leveraged ETN | 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 Shares | 1.33% | 0.74% | 0.98% | 0.33% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% |
Drawdowns
XXXX vs. SPXL - Drawdown Comparison
The maximum XXXX drawdown since its inception was -46.29%, smaller than the maximum SPXL drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for XXXX and SPXL. For additional features, visit the drawdowns tool.
Volatility
XXXX vs. SPXL - Volatility Comparison
MAX S&P 500 4X Leveraged ETN (XXXX) and Direxion Daily S&P 500 Bull 3X Shares (SPXL) have volatilities of 29.49% and 28.81%, 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.