SPXL vs XAR
Comparison between DIREXION DAILY S&P 500(R) BULL 3X SHARES (SPXL, ETF) and SPDR(R) S&P(R) AEROSPACE & DEFENSE ETF (XAR, ETF).
5-Year PerformanceSPXL has outperformed XAR, delivering a return of +24.6% compared to +17.8%
SPXL vs XAR - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SPXL
$5.90B
XAR
$5.90B
Expense Ratio
SPXL
N/A
XAR
0.35%
Max Drawdown
SPXL
76.86%
Winner
XAR
46.72%
Sharpe Ratio
Winner
SPXL
1.95
XAR
1.60
5Y Beta
SPXL
2.88
Winner
XAR
1.07
P/E Ratio
Winner
SPXL
28.35
XAR
94.44
Forward P/E
Winner
SPXL
21.93
XAR
30.01
5Y Dividends CAGR
Winner
SPXL
65.03%
XAR
-4.79%
5Y EPS CAGR
Winner
SPXL
25.34%
XAR
15.19%
Debt to Equity
Winner
SPXL
20.69%
XAR
84.75%
P/S Ratio
SPXL
3.60
Winner
XAR
3.22
P/B Ratio
SPXL
5.41
Winner
XAR
4.85
SPXL vs XAR - Holdings Comparison
SPXL and XAR have 13 common holdings. Overlap is 0.89%
SPXL's top 25 holdings weight is 75.09%. XAR's top 25 holdings weight is 76.62%.
| Rank | SPXL | XAR |
|---|---|---|
| #1 | DREYFUS TRSRY SECURITIES CASH MGMT (n/a) - 18.34% | HEXCEL CORP (HXL) - 3.62% |
| #2 | S&P 500 INDEX SWAP (n/a) - 11.38% | ROCKET LAB CORP (RKLB) - 3.61% |
| #3 | NVIDIA CORP (NVDA) - 5.36% | CARPENTER TECHNOLOGY CORP (CRS) - 3.59% |
| #4 | GOLDMAN FINL SQ TRSRY INST 506 (n/a) - 4.58% | CURTISS-WRIGHT CORP (CW) - 3.47% |
| #5 | APPLE INC (AAPL) - 4.52% | BWX TECHNOLOGIES INC (BWXT) - 3.47% |
| #6 | DREYFUS GOVT CASH MAN INS (n/a) - 4.42% | BOEING CO (BA) - 3.45% |
| #7 | MICROSOFT CORP (MSFT) - 3.42% | ATI INC (ATI) - 3.25% |
| #8 | JP MORGAN 100 US TRSY CAPITAL 3163 (n/a) - 3.12% | GENERAL DYNAMICS CORP (GD) - 3.25% |
| #9 | AMAZON.COM INC (AMZN) - 2.96% | TEXTRON INC (TXT) - 3.24% |
| #10 | ALPHABET INC CLASS A (GOOGL) - 2.48% | HOWMET AEROSPACE INC (HWM) - 3.18% |
| #11 | BROADCOM INC (AVGO) - 2.20% | WOODWARD INC (WWD) - 3.12% |
| #12 | ALPHABET INC CLASS C (GOOG) - 1.97% | TRANSDIGM GROUP INC (TDG) - 3.12% |
| #13 | META PLATFORMS INC CLASS A (META) - 1.48% | FTAI AVIATION LTD (FTAI) - 3.10% |
| #14 | TESLA INC (TSLA) - 1.23% | MOOG INC CLASS A (MOG-A) - 2.99% |
| #15 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.96% | ARCHER AVIATION INC CLASS A (ACHR) - 2.99% |
| #16 | JPMORGAN CHASE & CO (JPM) - 0.92% | HEICO CORP (HEI) - 2.98% |
| #17 | ELI LILLY AND CO (LLY) - 0.85% | GE AEROSPACE (GE) - 2.91% |
| #18 | MICRON TECHNOLOGY INC (MU) - 0.72% | STANDARDAERO INC (SARO) - 2.89% |
| #19 | EXXON MOBIL CORP (XOM) - 0.71% | RTX CORP (RTX) - 2.75% |
| #20 | WALMART INC (WMT) - 0.64% | L3HARRIS TECHNOLOGIES INC (LHX) - 2.74% |
| #21 | ADVANCED MICRO DEVICES INC (AMD) - 0.62% | AEROVIRONMENT INC (AVAV) - 2.64% |
| #22 | VISA INC CLASS A (V) - 0.61% | HUNTINGTON INGALLS INDUSTRIES INC (HII) - 2.60% |
| #23 | JOHNSON & JOHNSON (JNJ) - 0.60% | LOCKHEED MARTIN CORP (LMT) - 2.58% |
| #24 | INTEL CORP (INTC) - 0.50% | VSE CORP (VSEC) - 2.57% |
| #25 | COSTCO WHOLESALE CORP (COST) - 0.50% | NORTHROP GRUMMAN CORP (NOC) - 2.51% |
| Total Holdings | 505 | 42 |
SPXL vs XAR - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SPXL
+25.32%
XAR
-1.33%
3M
Winner
SPXL
+25.33%
XAR
-0.18%
6M
Winner
SPXL
+27.20%
XAR
+19.03%
1Y
Winner
SPXL
+81.05%
XAR
+48.18%
5Y(CAGR)
Winner
SPXL
+24.61%
XAR
+17.78%
10Y(CAGR)
Winner
SPXL
+30.67%
XAR
+18.25%
Max(CAGR)
Winner
SPXL
+28.65%
XAR
+18.88%
SPXL vs XAR - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | SPXL | XAR |
|---|---|---|
| 2026 | +22.37% | +7.92% |
| 2025 | +33.02% | +46.54% |
| 2024 | +66.58% | +25.05% |
| 2023 | +71.53% | +23.93% |
| 2022 | -57.31% | -5.79% |
| 2021 | +107.32% | +6.62% |
| 2020 | +6.68% | +3.64% |
| 2019 | +102.65% | +38.67% |
| 2018 | -26.55% | -4.76% |
| 2017 | +67.50% | +31.17% |
| 2016 | +35.96% | +22.76% |
| 2015 | -5.43% | +0.03% |
| 2014 | +41.39% | +12.84% |
| 2013 | +102.91% | +55.35% |
| 2012 | +37.95% | +13.14% |
| 2011 | -17.26% | +11.59% |
| 2010 | +32.94% | N/A |
| 2009 | +50.59% | N/A |
| 2008 | -28.52% | N/A |
SPXL vs XAR Drawdown Comparison
The maximum drawdown for SPXL was -76.86%, occurring on Mar 23, 2020. Recovery took 225 trading sessions.
The maximum drawdown for XAR was -46.36%, occurring on Mar 23, 2020. Recovery took 233 trading sessions.
The current XAR drawdown is -7.69%.
| Rank | SPXL | XAR |
|---|---|---|
| #1 | -76.86% Feb 19, 2020 - Jan 8, 2021 | -46.36% Feb 12, 2020 - Jan 14, 2021 |
| #2 | -71.32% Nov 5, 2008 - Sep 15, 2009 | -32.40% Jun 25, 2021 - Dec 19, 2023 |
| #3 | -63.80% Jan 3, 2022 - Jun 12, 2024 | -25.92% Sep 18, 2018 - Jun 5, 2019 |
| #4 | -53.81% Apr 29, 2011 - Sep 13, 2012 | -22.11% Apr 10, 2015 - Aug 5, 2016 |
| #5 | -50.17% Sep 20, 2018 - Jul 12, 2019 | -19.73% Jan 23, 2025 - May 13, 2025 |
| #6 | -48.95% Dec 6, 2024 - Jul 25, 2025 | -17.22% Jan 16, 2026 - Mar 30, 2026 |
| #7 | -43.44% Apr 23, 2010 - Dec 10, 2010 | -12.93% Oct 27, 2025 - Jan 5, 2026 |
| #8 | -39.56% May 21, 2015 - Jul 20, 2016 | -11.31% Mar 16, 2012 - Oct 5, 2012 |
| #9 | -29.48% Jan 26, 2018 - Sep 20, 2018 | -11.05% Mar 4, 2014 - Nov 18, 2014 |
| #10 | -26.77% Jan 12, 2026 - Apr 17, 2026 | -8.85% Apr 19, 2018 - Jun 8, 2018 |
| #11 | -24.36% Jul 16, 2024 - Sep 26, 2024 | -8.75% Jan 29, 2018 - Mar 9, 2018 |
| #12 | -22.79% Jan 19, 2010 - Mar 11, 2010 | -8.49% Oct 27, 2011 - Dec 23, 2011 |
| #13 | -21.42% Sep 14, 2012 - Jan 10, 2013 | -8.07% Sep 17, 2019 - Nov 15, 2019 |
| #14 | -21.05% Sep 18, 2014 - Nov 3, 2014 | -8.03% Nov 29, 2024 - Jan 21, 2025 |
| #15 | -17.96% Jul 26, 2019 - Nov 1, 2019 | -7.50% Jan 20, 2021 - Feb 4, 2021 |
Correlation
Correlation between SPXL and XAR is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (2008 - 2026)
SPXL vs XAR dividend yield comparison.
| Year | SPXL | XAR |
|---|---|---|
| 2026 | 0.17% | 0.04% |
| 2025 | 0.69% | 0.40% |
| 2024 | 0.74% | 0.66% |
| 2023 | 0.98% | 0.54% |
| 2022 | 0.32% | 0.50% |
| 2021 | 0.11% | 0.83% |
| 2020 | 0.22% | 0.63% |
| 2019 | 0.84% | 0.75% |
| 2018 | 1.02% | 1.19% |
| 2017 | 3.88% | 0.76% |
| 2016 | 0.00% | 1.09% |
| 2015 | 0.00% | 2.31% |
| 2014 | 0.00% | 1.07% |
| 2013 | 0.00% | 1.96% |
| 2012 | 0.00% | 1.75% |
| 2011 | 0.00% | 0.28% |
| 2010 | 2.17% | 0.00% |
| 2009 | 13.15% | 0.00% |
| 2008 | 0.18% | 0.00% |
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