Performance
SPXL vs. UPRO - Performance Comparison
The year-to-date returns for both stocks are quite close, with SPXL having a 46.33% return and UPRO slightly lower at 46.21%. Both investments have delivered pretty close results over the past 10 years, with SPXL having a 23.62% annualized return and UPRO not far ahead at 23.65%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
SPXL
UPRO
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SPXL vs. UPRO - Expense Ratio Comparison
SPXL has a 1.02% expense ratio, which is higher than UPRO's 0.92% expense ratio.
Risk-Adjusted Performance
SPXL vs. UPRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 Bull 3X Shares (SPXL) and ProShares UltraPro S&P 500 (UPRO). 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.
SPXL vs. UPRO - Sharpe Ratio Comparison
The current SPXL Sharpe Ratio is 1.90, which roughly equals the UPRO Sharpe Ratio of 1.89. The chart below compares the 12-month rolling Sharpe Ratio of SPXL and UPRO.
SPXL
UPRO
Dividends
SPXL vs. UPRO - Dividend Comparison
SPXL's dividend yield for the trailing twelve months is around 0.81%, more than UPRO's 0.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.81% | 0.98% | 0.32% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% | 0.00% | 0.00% | 0.00% | 0.00% |
UPRO ProShares UltraPro S&P 500 | 0.65% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
Drawdowns
SPXL vs. UPRO - Drawdown Comparison
The maximum SPXL drawdown since its inception was -76.86%, roughly equal to the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for SPXL and UPRO. For additional features, visit the drawdowns tool.
SPXL
UPRO
Volatility
SPXL vs. UPRO - Volatility Comparison
Direxion Daily S&P 500 Bull 3X Shares (SPXL) and ProShares UltraPro S&P 500 (UPRO) have volatilities of 12.65% and 12.74%, 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.
SPXL
UPRO
