^SP100 vs. SPXL
Compare and contrast key facts about S&P 100 Index (^SP100) 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: ^SP100 or SPXL.
Correlation
The correlation between ^SP100 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
^SP100 vs. SPXL - Performance Comparison
Key characteristics
^SP100:
0.53
SPXL:
0.13
^SP100:
0.88
SPXL:
0.59
^SP100:
1.13
SPXL:
1.09
^SP100:
0.56
SPXL:
0.16
^SP100:
2.06
SPXL:
0.52
^SP100:
5.37%
SPXL:
14.77%
^SP100:
20.77%
SPXL:
57.02%
^SP100:
-61.31%
SPXL:
-76.86%
^SP100:
-8.80%
SPXL:
-28.18%
Returns By Period
In the year-to-date period, ^SP100 achieves a -5.24% return, which is significantly higher than SPXL's -19.60% return. Over the past 10 years, ^SP100 has underperformed SPXL with an annualized return of 11.49%, while SPXL has yielded a comparatively higher 20.32% annualized return.
^SP100
-5.24%
13.84%
-5.24%
10.98%
15.33%
11.49%
SPXL
-19.60%
40.67%
-24.54%
7.35%
30.94%
20.32%
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Risk-Adjusted Performance
^SP100 vs. SPXL — Risk-Adjusted Performance Rank
^SP100
SPXL
^SP100 vs. SPXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 100 Index (^SP100) 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
^SP100 vs. SPXL - Drawdown Comparison
The maximum ^SP100 drawdown since its inception was -61.31%, smaller than the maximum SPXL drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for ^SP100 and SPXL. For additional features, visit the drawdowns tool.
Volatility
^SP100 vs. SPXL - Volatility Comparison
The current volatility for S&P 100 Index (^SP100) is 12.03%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 31.50%. This indicates that ^SP100 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.