SPXL vs JMST
Comparison between DIREXION DAILY S&P 500(R) BULL 3X SHARES (SPXL, ETF) and JPMORGAN ULTRA-SHORT MUNICIPAL INCOME ETF (JMST, ETF).
5-Year PerformanceSPXL has outperformed JMST, delivering a return of +21.3% compared to +2.3%
SPXL vs JMST - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
SPXL vs JMST - Historical Returns
Returns include dividend reinvestment.
SPXL vs JMST - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | SPXL | JMST |
|---|---|---|
| 2026 | +34.29% | +1.41% |
| 2025 | +33.02% | +3.33% |
| 2024 | +66.58% | +3.33% |
| 2023 | +71.53% | +3.57% |
| 2022 | -57.31% | +0.09% |
| 2021 | +107.32% | +0.33% |
| 2020 | +6.68% | +2.00% |
| 2019 | +102.65% | +2.07% |
| 2018 | -26.55% | +0.70% |
| 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 JMST Drawdown Comparison
The maximum drawdown for SPXL was -76.86%, occurring on Mar 23, 2020. Recovery took 225 trading sessions.
The maximum drawdown for JMST was -2.41%, occurring on Mar 20, 2020. Recovery took 29 trading sessions.
| Rank | SPXL | JMST |
|---|---|---|
| #1 | -76.86% Feb 19, 2020 - Jan 8, 2021 | -2.41% Mar 9, 2020 - Apr 20, 2020 |
| #2 | -71.32% Nov 5, 2008 - Sep 15, 2009 | -1.15% Dec 29, 2021 - Dec 13, 2022 |
| #3 | -63.80% Jan 3, 2022 - Jun 12, 2024 | -0.71% Apr 1, 2025 - May 15, 2025 |
| #4 | -53.81% Apr 29, 2011 - Sep 13, 2012 | -0.32% May 16, 2023 - Jun 6, 2023 |
| #5 | -50.17% Sep 20, 2018 - Jul 12, 2019 | -0.26% Jan 31, 2023 - Mar 10, 2023 |
| #6 | -48.95% Dec 6, 2024 - Jul 25, 2025 | -0.25% Oct 29, 2025 - Nov 6, 2025 |
| #7 | -43.44% Apr 23, 2010 - Dec 10, 2010 | -0.25% Apr 13, 2023 - May 11, 2023 |
| #8 | -39.56% May 21, 2015 - Jul 20, 2016 | -0.22% Sep 13, 2023 - Oct 10, 2023 |
| #9 | -29.48% Jan 26, 2018 - Sep 20, 2018 | -0.21% Mar 17, 2026 - Apr 20, 2026 |
| #10 | -26.77% Jan 12, 2026 - Apr 17, 2026 | -0.20% Mar 25, 2025 - Apr 1, 2025 |
| #11 | -24.36% Jul 16, 2024 - Sep 26, 2024 | -0.19% Sep 20, 2021 - Dec 29, 2021 |
| #12 | -22.79% Jan 19, 2010 - Mar 11, 2010 | -0.18% Aug 21, 2019 - Oct 4, 2019 |
| #13 | -21.42% Sep 14, 2012 - Jan 10, 2013 | -0.17% Nov 5, 2024 - Nov 8, 2024 |
| #14 | -21.05% Sep 18, 2014 - Nov 3, 2014 | -0.17% Aug 6, 2024 - Aug 19, 2024 |
| #15 | -17.96% Jul 26, 2019 - Nov 1, 2019 | -0.16% Jan 31, 2024 - Feb 15, 2024 |
Correlation
Correlation between SPXL and JMST is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2008 - 2026)
SPXL vs JMST dividend yield comparison.
| Year | SPXL | JMST |
|---|---|---|
| 2026 | 0.33% | 1.48% |
| 2025 | 0.69% | 2.84% |
| 2024 | 0.74% | 3.32% |
| 2023 | 0.98% | 3.09% |
| 2022 | 0.32% | 1.10% |
| 2021 | 0.11% | 0.27% |
| 2020 | 0.22% | 0.87% |
| 2019 | 0.84% | 1.63% |
| 2018 | 1.02% | 0.28% |
| 2017 | 3.88% | 0.00% |
| 2010 | 2.17% | 0.00% |
| 2009 | 13.15% | 0.00% |
| 2008 | 0.18% | 0.00% |
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