^NDX vs. SPXL
Compare and contrast key facts about NASDAQ 100 (^NDX) 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: ^NDX or SPXL.
Correlation
The correlation between ^NDX and SPXL is 1.00, 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
^NDX vs. SPXL - Performance Comparison
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Key characteristics
^NDX:
25.24%
SPXL:
31.87%
^NDX:
-82.90%
SPXL:
-2.49%
^NDX:
-9.53%
SPXL:
-0.50%
Returns By Period
^NDX
-4.52%
7.34%
-5.00%
10.46%
17.17%
16.19%
SPXL
N/A
N/A
N/A
N/A
N/A
N/A
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Risk-Adjusted Performance
^NDX vs. SPXL — Risk-Adjusted Performance Rank
^NDX
SPXL
^NDX vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for NASDAQ 100 (^NDX) 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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Drawdowns
^NDX vs. SPXL - Drawdown Comparison
The maximum ^NDX drawdown since its inception was -82.90%, which is greater than SPXL's maximum drawdown of -2.49%. Use the drawdown chart below to compare losses from any high point for ^NDX and SPXL. For additional features, visit the drawdowns tool.
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Volatility
^NDX vs. SPXL - Volatility Comparison
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