NetApp Inc. vs Direxion Daily S&P 500 Bull 3X Shares — how do they compare? NetApp Inc. trades at $166.94 (market cap $31.57B), while Direxion Daily S&P 500 Bull 3X Shares trades at $270.65. The key difference: NetApp Inc. pays a 1.29% dividend while Direxion Daily S&P 500 Bull 3X Shares pays none. Which is the better fit depends on your goals.
| NTAP | SPXL | |
|---|---|---|
Market Cap | $31.57B | — |
Sector | Technology | Leveraged / Inverse |
52-Week High | $181.08 | $288.04 |
52-Week Low | $94.11 | $170.20 |
Enterprise Value | $30.72B | — |
Dividend Yield | 1.29% | — |
Trailing returns across standard periods
NetApp is a leading provider of enterprise data management and storage solutions. The company's three operating business units are products, software maintenance, and hardware maintenance. NetApp transitioned from a data center storage firm to a company with software data management solutions for multicloud environments. The California-headquartered company sells globally and has approximately 10,000 employees.
Read more on NTAP →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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