Garmin Ltd. vs Direxion Daily S&P 500 Bull 3X Shares — how do they compare? Garmin Ltd. trades at $241.87 (market cap $46.62B), while Direxion Daily S&P 500 Bull 3X Shares trades at $274.84. The key difference: Garmin Ltd. pays a 1.74% dividend while Direxion Daily S&P 500 Bull 3X Shares pays none, and Direxion Daily S&P 500 Bull 3X Shares is trading nearer its 52-week high, Garmin Ltd. nearer its low. Which is the better fit depends on your goals.
| GRMN | SPXL | |
|---|---|---|
Market Cap | $46.62B | — |
Sector | Technology | Leveraged / Inverse |
52-Week High | $267.52 | $288.04 |
52-Week Low | $187.10 | $170.20 |
Enterprise Value | $44.09B | — |
Dividend Yield | 1.74% | — |
Trailing returns across standard periods
Latest headlines on both assets
Garmin produces GPS-enabled hardware and software for five verticals: fitness, outdoors, auto, aviation, and marine. The company relies on licensing mapping data to enable its hardware specialized for often niche activities like scuba diving or sailing. Garmin operates in 100 countries and sells its products via distributors as well as relationships with original equipment manufacturers.
Read more on GRMN →SPXL aims for 300% of the S&P 500's daily performance. It uses swaps and futures to provide 3x leverage, making it a high-risk tool for short-term traders. Due to daily resets, it is prone to volatility decay and is not intended for long-term holding.
Read more on SPXL →