Nokia Corp vs Direxion Daily S&P 500 Bull 3X Shares — how do they compare? Nokia Corp trades at $10.94 (market cap $56.70B), while Direxion Daily S&P 500 Bull 3X Shares trades at $270.65. The key difference: Nokia Corp pays a 1.63% 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, Nokia Corp nearer its low. Which is the better fit depends on your goals.
| NOK | SPXL | |
|---|---|---|
Market Cap | $56.70B | — |
Sector | Technology | Leveraged / Inverse |
52-Week High | $16.83 | $288.04 |
52-Week Low | $4.05 | $170.20 |
Enterprise Value | $53.51B | — |
Dividend Yield | 1.63% | — |
Trailing returns across standard periods
Nokia is a leading vendor in the telecommunications equipment industry. The company's network business derives revenue from selling wireless and fixed-line hardware, software, and services. Nokia's technology segment licenses its patent portfolio to handset manufacturers and makes royalties from Nokia-branded cellphones. The company, headquartered in Espoo, Finland, operates on a global scale, with most of its revenue from communication service providers.
Read more on NOK →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.
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