^DJI vs. SPXL
Compare and contrast key facts about Dow Jones Industrial Average (^DJI) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
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: ^DJI or SPXL.
Correlation
The correlation between ^DJI 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
^DJI vs. SPXL - Performance Comparison
Key characteristics
^DJI:
-0.05
SPXL:
-0.46
^DJI:
0.03
SPXL:
-0.35
^DJI:
1.00
SPXL:
0.95
^DJI:
-0.05
SPXL:
-0.47
^DJI:
-0.22
SPXL:
-2.17
^DJI:
3.27%
SPXL:
10.06%
^DJI:
14.24%
SPXL:
47.09%
^DJI:
-53.78%
SPXL:
-76.86%
^DJI:
-14.88%
SPXL:
-46.09%
Returns By Period
In the year-to-date period, ^DJI achieves a -9.94% return, which is significantly higher than SPXL's -39.64% return. Over the past 10 years, ^DJI has underperformed SPXL with an annualized return of 7.94%, while SPXL has yielded a comparatively higher 17.40% annualized return.
^DJI
-9.94%
-10.91%
-9.53%
-0.73%
12.74%
7.94%
SPXL
-39.64%
-36.56%
-37.27%
-18.86%
35.38%
17.40%
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Risk-Adjusted Performance
^DJI vs. SPXL — Risk-Adjusted Performance Rank
^DJI
SPXL
^DJI vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Industrial Average (^DJI) 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.
Drawdowns
^DJI vs. SPXL - Drawdown Comparison
The maximum ^DJI drawdown since its inception was -53.78%, smaller than the maximum SPXL drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for ^DJI and SPXL. For additional features, visit the drawdowns tool.
Volatility
^DJI vs. SPXL - Volatility Comparison
The current volatility for Dow Jones Industrial Average (^DJI) is 8.07%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 28.81%. This indicates that ^DJI 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.