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SPXS vs SPXL

Direxion Daily S&P 500 Bear 3X Shares vs Direxion Daily S&P500 Bull 3X Shares

SPXS

Direxion Daily S&P 500 Bear 3X Shares

Direxion Funds

Annual cost

1.04%

Fund size

$388M

SPXL

Direxion Daily S&P500 Bull 3X Shares

Direxion Funds

Annual cost

0.84%

Fund size

$5.9B

Key differences

  • SPXL costs 0.20% less per year.
  • SPXL is significantly larger than SPXS — larger funds tend to be more liquid and less likely to close.
  • Over the last 3 years, SPXL has delivered higher annualized returns.

Side-by-side comparison

SPXSSPXL
Annual cost (TER)1.04%0.84%
Fund size (AUM)$388M$5.9B
Since20082008
Dividend yield4.29%0.60%
Asset classequityequity
Regionnorth americanorth america
Strategyleveragedleveraged
CAGR 1Y-50.4%+87.0%
CAGR 3Y-43.7%+55.4%
CAGR 5Y-35.1%+23.9%
Sharpe 3Y-1.151.14
Volatility 1Y36.05%35.92%
Max drawdown-99.61%-76.86%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to SPXS and SPXL