SPXS vs MIY
Comparison between DIREXION DAILY S&P 500(R) BEAR 3X SHARES (SPXS, ETF) and BlackRock MuniYield Michigan Quality Fund Inc (MIY, ETF).
5-Year PerformanceMIY has outperformed SPXS, delivering a return of +0.4% compared to -32.6%
SPXS vs MIY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
SPXS vs MIY - Historical Returns
Returns include dividend reinvestment.
SPXS vs MIY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | SPXS | MIY |
|---|---|---|
| 2026 | -27.96% | +10.80% |
| 2025 | -41.98% | +9.85% |
| 2024 | -43.78% | +2.85% |
| 2023 | -46.63% | +4.79% |
| 2022 | +38.60% | -23.78% |
| 2021 | -59.75% | +9.95% |
| 2020 | -69.64% | +7.48% |
| 2019 | -56.42% | +17.81% |
| 2018 | +5.66% | -6.04% |
| 2017 | -43.20% | +8.69% |
| 2016 | -38.78% | +2.26% |
| 2015 | -18.14% | +5.94% |
| 2014 | -39.64% | +17.64% |
| 2013 | -57.52% | -16.80% |
| 2012 | -39.97% | +7.93% |
| 2011 | -30.76% | +25.37% |
| 2010 | -46.06% | +10.33% |
| 2009 | -67.89% | +40.58% |
| 2008 | -43.19% | -24.58% |
| 2007 | N/A | -3.81% |
| 2006 | N/A | -3.30% |
| 2005 | N/A | +7.52% |
| 2004 | N/A | +10.85% |
| 2003 | N/A | +12.00% |
| 2002 | N/A | +12.32% |
| 2001 | N/A | +13.29% |
| 2000 | N/A | +8.59% |
| 1999 | N/A | -4.48% |
SPXS vs MIY Drawdown Comparison
The maximum drawdown for SPXS was -100.00%, occurring on Aug 13, 2026. This drawdown has not yet recovered.
The maximum drawdown for MIY was -42.18%, occurring on Oct 10, 2008. Recovery took 394 trading sessions.
The current SPXS drawdown is -100.00%. The current MIY drawdown is -0.79%.
| Rank | SPXS | MIY |
|---|---|---|
| #1 | -100.00% Nov 20, 2008 - Aug 13, 2026 | -42.18% Feb 12, 2008 - Sep 3, 2009 |
| #2 | N/A | -34.58% Aug 2, 2021 - Mar 4, 2026 |
| #3 | N/A | -25.81% Jan 23, 2013 - Jan 4, 2016 |
| #4 | N/A | -24.40% Mar 4, 2020 - Aug 6, 2020 |
| #5 | N/A | -17.37% Aug 31, 2010 - Sep 29, 2011 |
| #6 | N/A | -13.79% Nov 5, 1999 - Dec 18, 2000 |
| #7 | N/A | -12.75% Jul 11, 2016 - Apr 12, 2019 |
| #8 | N/A | -11.86% Mar 24, 2004 - Sep 9, 2004 |
| #9 | N/A | -11.14% Jun 11, 2003 - Jan 7, 2004 |
| #10 | N/A | -10.97% Jan 24, 2006 - Feb 12, 2008 |
| #11 | N/A | -10.08% Mar 4, 2026 - Aug 14, 2026 |
| #12 | N/A | -9.04% Feb 10, 2012 - May 24, 2012 |
| #13 | N/A | -8.91% Oct 1, 2002 - Mar 5, 2003 |
| #14 | N/A | -8.41% Nov 28, 2012 - Jan 23, 2013 |
| #15 | N/A | -7.27% Nov 14, 2001 - May 28, 2002 |
Correlation
Correlation between SPXS and MIY is -0.65 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
Dividend Comparison (2000 - 2026)
SPXS vs MIY dividend yield comparison.
| Year | SPXS | MIY |
|---|---|---|
| 2026 | 2.48% | 3.49% |
| 2025 | 4.93% | 5.57% |
| 2024 | 6.18% | 5.21% |
| 2023 | 5.66% | 3.86% |
| 2022 | 0.00% | 5.70% |
| 2021 | 0.00% | 4.38% |
| 2020 | 0.51% | 4.23% |
| 2019 | 1.74% | 4.27% |
| 2018 | 0.58% | 5.27% |
| 2017 | 0.00% | 5.46% |
| 2016 | 0.00% | 5.85% |
| 2015 | 0.00% | 5.66% |
| 2014 | 0.00% | 6.32% |
| 2013 | 0.00% | 7.36% |
| 2012 | 0.00% | 5.87% |
| 2011 | 0.00% | 6.02% |
| 2010 | 0.00% | 6.79% |
| 2009 | 0.00% | 5.87% |
| 2008 | 0.00% | 7.08% |
| 2007 | 0.00% | 5.36% |
| 2006 | 0.00% | 5.54% |
| 2005 | 0.00% | 6.21% |
| 2004 | 0.00% | 6.47% |
| 2003 | 0.00% | 6.54% |
| 2002 | 0.00% | 6.62% |
| 2001 | 0.00% | 5.53% |
| 2000 | 0.00% | 2.55% |
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