SPXL vs SPY
Comparison between DIREXION DAILY S&P 500(R) BULL 3X SHARES (SPXL, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPXL has outperformed SPY, delivering a return of +22.0% compared to +13.3%
SPXL vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SPXL
$4.60B
Winner
SPY
$652B
Expense Ratio
SPXL
N/A
SPY
0.09%
Max Drawdown
SPXL
76.86%
Winner
SPY
56.47%
Sharpe Ratio
SPXL
1.98
Winner
SPY
2.07
5Y Beta
SPXL
2.88
Winner
SPY
1.00
P/E Ratio
Winner
SPXL
28.16
SPY
28.24
Forward P/E
SPXL
22.34
Winner
SPY
21.85
5Y Dividends CAGR
Winner
SPXL
65.03%
SPY
5.43%
5Y EPS CAGR
Winner
SPXL
29.10%
SPY
25.79%
Debt to Equity
SPXL
25.08%
Winner
SPY
22.35%
P/S Ratio
SPXL
N/A
SPY
3.55
P/B Ratio
SPXL
N/A
SPY
5.29
SPXL vs SPY - Holdings Comparison
SPXL and SPY have 465 common holdings. Overlap is 53.71%
SPXL's top 25 holdings weight is 67.68%. SPY's top 25 holdings weight is 51.32%.
| Rank | SPXL | SPY |
|---|---|---|
| #1 | DREYFUS TRSRY SECURITIES CASH MGMT (n/a) - 17.47% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | S&P 500 INDEX SWAP (n/a) - 9.19% | APPLE INC (AAPL) - 6.48% |
| #3 | NVIDIA CORP (NVDA) - 5.97% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | APPLE INC (AAPL) - 4.58% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | GOLDMAN FINL SQ TRSRY INST 506 (n/a) - 4.38% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | DREYFUS GOVT CASH MAN INS (n/a) - 3.96% | BROADCOM INC (AVGO) - 3.09% |
| #7 | MICROSOFT CORP (MSFT) - 3.67% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | JP MORGAN 100 US TRSY CAPITAL 3163 (n/a) - 3.06% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | AMAZON.COM INC (AMZN) - 2.92% | TESLA INC (TSLA) - 1.73% |
| #10 | ALPHABET INC CLASS A (GOOGL) - 2.35% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | BROADCOM INC (AVGO) - 2.18% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | ALPHABET INC CLASS C (GOOG) - 1.87% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | META PLATFORMS INC CLASS A (META) - 1.69% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | TESLA INC (TSLA) - 1.22% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.01% | WALMART INC (WMT) - 0.91% |
| #16 | MCDONALD'S CORP (MCD) - 0.24% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | NEXTERA ENERGY INC (NEE) - 0.23% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | VERIZON COMMUNICATIONS INC (VZ) - 0.23% | VISA INC CLASS A (V) - 0.85% |
| #19 | ANALOG DEVICES INC (ADI) - 0.22% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | AT&T INC (T) - 0.21% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | BOEING CO (BA) - 0.21% | INTEL CORP (INTC) - 0.65% |
| #22 | AMGEN INC (AMGN) - 0.21% | NETFLIX INC (NFLX) - 0.64% |
| #23 | THE WALT DISNEY CO (DIS) - 0.21% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | THERMO FISHER SCIENTIFIC INC (TMO) - 0.20% | CHEVRON CORP (CVX) - 0.58% |
| #25 | TJX COMPANIES INC (TJX) - 0.20% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 472 | 505 |
SPXL vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SPXL
+28.35%
SPY
+9.11%
3M
Winner
SPXL
+16.26%
SPY
+6.59%
6M
Winner
SPXL
+25.09%
SPY
+10.56%
1Y
Winner
SPXL
+97.99%
SPY
+32.04%
5Y(CAGR)
Winner
SPXL
+21.95%
SPY
+13.35%
10Y(CAGR)
Winner
SPXL
+30.19%
SPY
+15.49%
Max(CAGR)
Winner
SPXL
+28.54%
SPY
+8.50%
SPXL vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | SPXL | SPY |
|---|---|---|
| 2026 | +20.10% | +8.27% |
| 2025 | +33.02% | +18.00% |
| 2024 | +66.58% | +25.59% |
| 2023 | +71.53% | +26.72% |
| 2022 | -57.31% | -18.64% |
| 2021 | +107.32% | +30.52% |
| 2020 | +6.68% | +17.28% |
| 2019 | +102.65% | +31.09% |
| 2018 | -26.55% | -5.24% |
| 2017 | +67.50% | +20.78% |
| 2016 | +35.96% | +13.59% |
| 2015 | -5.43% | +1.31% |
| 2014 | +41.39% | +14.56% |
| 2013 | +102.91% | +29.00% |
| 2012 | +37.95% | +14.17% |
| 2011 | -17.26% | +0.85% |
| 2010 | +32.94% | +13.14% |
| 2009 | +50.59% | +22.67% |
| 2008 | -28.52% | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
SPXL vs SPY Drawdown Comparison
The maximum drawdown for SPXL was -76.86%, occurring on Mar 23, 2020. Recovery took 225 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
| Rank | SPXL | SPY |
|---|---|---|
| #1 | -76.86% Feb 19, 2020 - Jan 8, 2021 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -71.32% Nov 5, 2008 - Sep 15, 2009 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -63.80% Jan 3, 2022 - Jun 12, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -53.81% Apr 29, 2011 - Sep 13, 2012 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -50.17% Sep 20, 2018 - Jul 12, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -48.95% Dec 6, 2024 - Jul 25, 2025 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -43.44% Apr 23, 2010 - Dec 10, 2010 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -39.56% May 21, 2015 - Jul 20, 2016 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -29.48% Jan 26, 2018 - Sep 20, 2018 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -26.77% Jan 12, 2026 - Apr 17, 2026 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -24.36% Jul 16, 2024 - Sep 26, 2024 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -22.79% Jan 19, 2010 - Mar 11, 2010 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -21.42% Sep 14, 2012 - Jan 10, 2013 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -21.05% Sep 18, 2014 - Nov 3, 2014 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -17.96% Jul 26, 2019 - Nov 1, 2019 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between SPXL and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (1999 - 2026)
SPXL vs SPY dividend yield comparison.
| Year | SPXL | SPY |
|---|---|---|
| 2026 | 0.17% | 0.24% |
| 2025 | 0.69% | 1.07% |
| 2024 | 0.74% | 1.21% |
| 2023 | 0.98% | 1.40% |
| 2022 | 0.32% | 1.65% |
| 2021 | 0.11% | 1.20% |
| 2020 | 0.22% | 1.52% |
| 2019 | 0.84% | 1.75% |
| 2018 | 1.02% | 2.04% |
| 2017 | 3.88% | 1.80% |
| 2016 | 0.00% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 2.17% | 1.80% |
| 2009 | 13.15% | 1.95% |
| 2008 | 0.18% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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