Nucor Corporation vs Direxion Daily S&P 500 Bull 3X Shares — how do they compare? Nucor Corporation trades at $230.8 (market cap $52.55B), while Direxion Daily S&P 500 Bull 3X Shares trades at $270.65. The key difference: Nucor Corporation pays a 0.97% 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, Nucor Corporation nearer its low. Which is the better fit depends on your goals.
| NUE | SPXL | |
|---|---|---|
Market Cap | $52.55B | — |
Sector | Basic Materials | Leveraged / Inverse |
52-Week High | $266.35 | $288.04 |
52-Week Low | $131.78 | $170.20 |
Enterprise Value | $57.19B | — |
Dividend Yield | 0.97% | — |
Trailing returns across standard periods
Nucor Corp manufactures steel and steel products. The company also produces direct reduced iron for use in its steel mills. The operations include international trading and sales companies that buy and sell steel and steel products manufactured by the company and others. The operating business segments are: steel mills, steel products and raw materials, the steel mills segment derives maximum revenue.
Read more on NUE →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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