SPXL vs JMBS
Comparison between DIREXION DAILY S&P 500(R) BULL 3X SHARES (SPXL, ETF) and JANUS HENDERSON MORTGAGE-BACKED SECURITIES ETF (JMBS, ETF).
5-Year PerformanceSPXL has outperformed JMBS, delivering a return of +21.3% compared to +0.6%
SPXL vs JMBS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
SPXL vs JMBS - Historical Returns
Returns include dividend reinvestment.
SPXL vs JMBS - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | SPXL | JMBS |
|---|---|---|
| 2026 | +34.29% | +0.45% |
| 2025 | +33.02% | +8.67% |
| 2024 | +66.58% | +2.14% |
| 2023 | +71.53% | +5.34% |
| 2022 | -57.31% | -11.28% |
| 2021 | +107.32% | -0.50% |
| 2020 | +6.68% | +5.74% |
| 2019 | +102.65% | +6.91% |
| 2018 | -26.55% | +1.53% |
| 2017 | +67.50% | N/A |
| 2016 | +35.96% | N/A |
| 2015 | -5.43% | N/A |
| 2014 | +41.39% | N/A |
| 2013 | +102.91% | N/A |
| 2012 | +37.95% | N/A |
| 2011 | -17.26% | N/A |
| 2010 | +32.94% | N/A |
| 2009 | +50.59% | N/A |
| 2008 | -28.52% | N/A |
SPXL vs JMBS Drawdown Comparison
The maximum drawdown for SPXL was -76.86%, occurring on Mar 23, 2020. Recovery took 225 trading sessions.
The maximum drawdown for JMBS was -16.68%, occurring on Oct 20, 2022. Recovery took 1027 trading sessions.
The current JMBS drawdown is -1.95%.
| Rank | SPXL | JMBS |
|---|---|---|
| #1 | -76.86% Feb 19, 2020 - Jan 8, 2021 | -16.68% Aug 3, 2021 - Sep 5, 2025 |
| #2 | -71.32% Nov 5, 2008 - Sep 15, 2009 | -4.28% Mar 9, 2020 - May 1, 2020 |
| #3 | -63.80% Jan 3, 2022 - Jun 12, 2024 | -3.06% Feb 27, 2026 - May 19, 2026 |
| #4 | -53.81% Apr 29, 2011 - Sep 13, 2012 | -1.46% Sep 13, 2018 - Dec 4, 2018 |
| #5 | -50.17% Sep 20, 2018 - Jul 12, 2019 | -0.97% Feb 3, 2021 - Aug 2, 2021 |
| #6 | -48.95% Dec 6, 2024 - Jul 25, 2025 | -0.93% Oct 28, 2025 - Nov 25, 2025 |
| #7 | -43.44% Apr 23, 2010 - Dec 10, 2010 | -0.78% Sep 15, 2025 - Oct 10, 2025 |
| #8 | -39.56% May 21, 2015 - Jul 20, 2016 | -0.68% Nov 26, 2025 - Dec 18, 2025 |
| #9 | -29.48% Jan 26, 2018 - Sep 20, 2018 | -0.67% Jun 11, 2020 - Aug 4, 2020 |
| #10 | -26.77% Jan 12, 2026 - Apr 17, 2026 | -0.65% Jan 14, 2026 - Feb 5, 2026 |
| #11 | -24.36% Jul 16, 2024 - Sep 26, 2024 | -0.58% Mar 27, 2019 - May 7, 2019 |
| #12 | -22.79% Jan 19, 2010 - Mar 11, 2010 | -0.53% Sep 4, 2019 - Oct 2, 2019 |
| #13 | -21.42% Sep 14, 2012 - Jan 10, 2013 | -0.49% Jan 4, 2019 - Jan 31, 2019 |
| #14 | -21.05% Sep 18, 2014 - Nov 3, 2014 | -0.48% Dec 30, 2025 - Jan 9, 2026 |
| #15 | -17.96% Jul 26, 2019 - Nov 1, 2019 | -0.44% Oct 7, 2019 - Nov 5, 2019 |
Correlation
Correlation between SPXL and JMBS is 0.64 which considered as a moderate positive correlation - the stocks show some tendency to move together.
Dividend Comparison (2008 - 2026)
SPXL vs JMBS dividend yield comparison.
| Year | SPXL | JMBS |
|---|---|---|
| 2026 | 0.33% | 3.09% |
| 2025 | 0.69% | 5.03% |
| 2024 | 0.74% | 5.53% |
| 2023 | 0.98% | 4.38% |
| 2022 | 0.32% | 2.73% |
| 2021 | 0.11% | 1.16% |
| 2020 | 0.22% | 2.92% |
| 2019 | 0.84% | 3.64% |
| 2018 | 1.02% | 0.89% |
| 2017 | 3.88% | 0.00% |
| 2010 | 2.17% | 0.00% |
| 2009 | 13.15% | 0.00% |
| 2008 | 0.18% | 0.00% |
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